Assistant Director of Finance

Highgate Hotels • New York, NY

2d • Onsite

About The Position

The Assistant Director of Finance provides leadership in the hotel’s financial operations by 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 owner and investor assets. The position is at The Manhattan at Times Square, a 659-room hotel in Midtown Manhattan, and supports the Director of Finance in managing the property’s accounting and financial activities.

Requirements

• Bachelor’s degree, preferably in Accounting.
• Strong PC skills, including Excel, Word, and financial accounting systems.
• Strong organizational and analytical skills.
• Strong verbal and written communication skills.
• Hospitality-related financial management and accounting experience is desirable.

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 the Income Journal; identify variances to budget and prior year.
• Monitor and control hotel operations, cash flow, and operating forecasts.
• Maintain timely communication with department heads, under the Director of Finance’s guidance, to keep property operations on track and under control.
• Prepare monthly bank reconciliations and general ledger account reconciliations.
• Supervise accounting department staff.
• Ensure compliance with Highgate Accounting Policies and Procedures and internal controls for finance and accounting operations.
• Manage and communicate issues involving receivables, payables, daily cash balances, and timely deposits of funds.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with established Highgate Hotel guidelines.
• Investigate and assess variances to budget or prior year and recommend practical improvement methods to management.
• Analyze financial data and operations to assist the Director of Finance and advise department heads on maintaining the hotel’s financial objectives.
• With the Director of Finance’s supervision, 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, personal, medical, and military leave in accordance with applicable law

What This Job Offers

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