[Hiring] Task Force Director of Finance @Miami Growth - Highgate Hotels

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description The Director of Finance – Task Force is responsible for providing consistent leadership in the financial area of the hotel by supplying the accounting staff with guidance, leadership, and training until a permanent Director of Finance is hired and trained. This position is remote and requires significant travel across Highgate’s footprint.

• Acts as a Hotel’s Director of Finance and is the senior Accounting/Finance person for hotels experiencing a vacancy in the Director of Finance’s position.
• Responsible for all aspects of fiscal management, financial controls, accounting, and financial reporting for the assigned property.
• Responsible for training the new Directors of Finance.
• Approach all encounters with guests and teammates in an attentive, friendly, courteous, and service-oriented manner.
• Comply with Highgate Hotels’ standards and regulations to encourage safe and efficient hotel operations.
• Maximize efforts towards productivity, identify problem areas, and assist in finding and implementing their solutions.
• Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines, including:
• Daily: Income Journal and daily routing packs
• Weekly: A/R & A/P Aging, Revenue/Flash Reports, Payroll Reports, Revenue Updates
• Monthly: Financial Statements, Forecasts, Cash Flow, Variance Analysis
• Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Effectively manage and communicate cash flow related issues, including the accurate and timely preparation of monthly financial statements.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotels established guidelines.
• Prepare and present Proration Schedules during a hotel transition (if required).
• Communicate with owners, asset managers, lenders, investors, and other stakeholders regarding financial performance and build long-term relationships of trust.
• Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes.
• Understand and maintain all capital expenses at the assigned hotel.
• Analyze financial data and operations to assist and advise management in maintaining the hotels’ financial objectives.
• Prepare financial analysis as requested, including minor “Returns on Investment” and labor strategies.
• Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
• Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Successful completion of all internal and external financial audits, including coordination with CPA firms.
• Manage staff including hiring and supervision, focusing on training and development programs for accounting associates.
• Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
• Interact with Executive Committee members to assure that property operations are on track and under control.
• Monitor hotels’ compliance in meeting required report deadlines and due dates.
• Conduct and/or attend periodic meetings to maintain favorable working relationships among team members.
• Monitor the accurate production of the hotel daily operating report.
• Execute other special projects and responsibilities as assigned.

Qualifications

• A 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 8 years of related progressive experience.
• Experience as Director of Finance at a larger hotel with a decentralized accounting structure is required.
• This position is remote and requires up to 90% travel.
• There will be days where working long hours are required.
• Experience in supervising three or more employees required.
• Must be able to convey information and ideas clearly.
• Must have experience in Oracle and IBM TM1 software.
• Must be able to evaluate and select among alternative courses of action quickly and accurately.
• Must be effective in handling problems in the workplace, including anticipating, preventing, identifying, and solving problems.
• Must have the ability to assimilate complex information, data, etc., from disparate sources.
• Must be effective at listening to, understanding, and clarifying the concerns and issues raised by teammates and guests.
• Must be able to work with and understand financial information and data, and basic arithmetic functions.

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