Area Director of Finance

HEI Hotels and Resorts•Virginia Beach, VA

About The Position

The Area Director of Finance provides strategic financial leadership and oversight for the Marriott Virginia Beach Oceanfront, The Historic Cavalier Hotel and Beach Club, Autograph Collection, and Embassy Suites by Hilton Virginia Beach Oceanfront. The position supervises financial activities across the portfolio, safeguards hotel assets, and ensures accurate financial reporting in accordance with GAAP, ownership requirements, and HEI Hotels & Resorts standards. As a member of the executive leadership team, the Area Director of Finance partners with General Managers, operational leaders, regional leadership, and ownership representatives to maximize profitability, strengthen internal controls, support strategic decision-making, and improve financial performance. The role oversees accounting, budgeting, forecasting, financial analysis, cash management, and compliance while aligning with Marriott and Hilton brand standards and company objectives.

Requirements

At least 3 years of experience in hotel or hospitality-related finance and accounting.
Analytical approach to problem-solving and regard for detail and accuracy.
Assertive personality and professional demeanor.
Effective verbal and written communication skills.
Ability to adapt communication style to different audiences, including supervisors, coworkers, and the public.
Ability to comply with attendance rules and be available to work on a regular basis.

Nice To Haves

Bachelor of Science in Accounting or Hotel Management preferred.

Responsibilities

Perform special financial analyses as requested by the General Manager or Corporate Office.
Provide accurate financial reporting in accordance with HMA requirements and communicate with the ownership group in a timely and accurate manner.
Offer practical cost-benefit solutions and accurate interpretations of policies.
Participate in Executive Committee and staff meetings; assist managers in analyzing statements, distributions, and other financial data.
Support property standards and Corporate SOPs, and address deficiencies identified in internal audit reports.
Use the Controller’s Checklist effectively and maintain cash controls, audits, and reports for each period.
Review asset security and inventory audits, and understand applicable leases, contracts, agreements, covenants, and restrictions.
Maintain knowledge of applicable sales tax and laws concerning innkeepers, liquor, and labor.
Schedule and coordinate preparation and presentation of the annual operating budget and coordinate capital expenditure budgeting in accordance with SOPs.
Control the capital expenditure program and complete return-on-investment analyses.
Complete entries for financial statements, review statements for inaccurate data, and correct errors in the following period.
Inform the General Manager and HEI Corporate management of current and potential financial problems, and keep management informed of sales and profit attainment.
Coordinate the property’s labor management system.
Manage accounts receivable, including 60–90 day accounts, collection-period standards, local credit policy documentation and compliance, major-account credit approvals, credit and write-off meetings, critiques and credit-loss reports, and credit extensions for major banquets and group accounts.
Maintain bad-debt expense standards and maximize accounts receivable realizations.
Complete required financial reports and requests from HEI Corporate offices and establish additional reports or documents as needed.
Reconcile asset and liability account balances on a current basis and establish accrual, prepaid, and other balances using appropriate accounting methods.
Calculate asset-category turnover ratios and days available, compare results to standards, and work with department managers to control inventory balances according to established pars.
Comply with company procedures on deferring payments.
Maintain and update department job descriptions and standards; comply with corporate and local wage policies.
Establish an effective departmental cross-training program and identify, screen, and attract management candidates from outside the company.
Follow attendance rules and be available to work regularly.
Perform other duties as assigned.