Area Director of Finance

HEI Hotels & Resorts•Virginia Beach, VA

6d•$145,000 - $155,000

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 role supervises and directs 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 and regional leaders, and ownership representatives to maximize profitability, strengthen internal controls, support strategic decisions, and improve financial performance. The position oversees accounting, budgeting, forecasting, financial analysis, cash management, and compliance, while maintaining alignment 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, with the ability to adapt communication style to different audiences.

Nice To Haves

Bachelor of Science in Accounting or Hotel Management.

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 timely, accurate information to ownership.
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.
Correct deficiencies identified in internal audit reports and effectively use the Controller's Checklist.
Maintain cash controls, conduct period audits and reporting, review asset security, and audit inventories.
Understand relevant leases, contracts, agreements, covenants, and restrictions, as well as applicable tax and other laws.
Schedule and coordinate preparation and presentation of the annual operating budget and coordinate capital expenditure budget preparation.
Control the capital expenditure program and complete ROI analyses.
Complete financial statement entries, review statements for inaccurate data, and make corrections in the following period.
Inform the General Manager and HEI Corporate management of current and potential financial problems; keep management informed of sales and profit attainment.
Coordinate the property's labor management system.
Manage accounts receivable standards, collection periods, credit policies, major-account credit approvals, credit meetings, critiques, and credit-loss reporting.
Review major banquet functions and group accounts for appropriate credit extensions before arrival and manage bad debt expense in relation to credit sales.
Manage accounts receivable to maximize realizations.
Complete required financial reports and requests from HEI Corporate and establish additional reports or documents as needed.
Reconcile asset and liability accounts regularly; establish accrual, prepaid, and other balances using appropriate methods.
Calculate asset-category turnover ratios and days available and compare them with standards.
Work with department managers to control inventory balances according to established pars and follow company procedures for deferring payments.
Maintain and update department job descriptions and standards; follow corporate and local wage policies.
Establish an effective departmental cross-training program and identify, screen, and attract external management candidates.
Follow attendance rules and be available to work regularly.
Perform other duties as assigned.