Asst. Director of Finance

ModernHaus SoHo • New York, NY

2d • $110,000 - $115,000 • Onsite

About The Position

The Assistant Director of Finance provides leadership in the hotel’s financial operations, guiding and training accounting staff. The role focuses on business profitability, accurate and timely financial reporting, effective internal controls, compliance with federal, state, and local regulations, and safeguarding owners’ and investors’ assets. The position supports the Director of Finance and works with department heads to monitor property operations and meet financial objectives.

Requirements

• Bachelor’s degree, preferably in Accounting.
• Strong PC skills, including Excel, Word, and financial accounting systems.
• Strong organizational, analytical, verbal, and written communication skills.
• Long hours are sometimes required.

Nice To Haves

• Hospitality-related financial management and accounting experience.

Responsibilities

• Assist the Director of Finance with timely preparation of the property’s monthly financial statements.
• Prepare, monitor, and accurately record daily hotel revenues through preparation of the Income Journal, identifying variances to budget and prior year.
• Monitor and control hotel operations, cash flow, and operating forecasts.
• Interact with department heads under the guidance of the Director of Finance to help ensure property operations remain on track and under control.
• Prepare monthly bank reconciliations and general ledger account reconciliations.
• Supervise accounting department staff.
• Follow Highgate accounting policies and procedures and internal controls for finance and accounting operations.
• Manage and communicate issues related to receivables, payables, daily cash balances, and timely deposits.
• Monitor hotel revenues and expenses and ensure they are accurately recorded in accordance with established guidelines.
• Investigate and critique variances to budget or prior year and offer practical improvement methodologies to management.
• Analyze financial data and operations to assist the Director of Finance and advise department heads in maintaining the hotels’ financial objectives.
• With supervision from the Director of Finance, hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
• Prepare special reports and statements as requested.
• Complete other special projects and responsibilities as assigned.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Short-term and long-term disability insurance
• 401(k) retirement plan with employer matching contributions
• Paid holidays
• Paid vacation
• Paid sick leave in accordance with applicable law
• Employee assistance program (EAP)
• Educational opportunities and tuition reimbursement
• Paid jury duty leave, personal leave, medical leave, and military leave in accordance with applicable law

What This Job Offers

• Job Type: Full-time
• Career Level: Manager