Director of Finance

Park Lane • New York, NY

16d • $160,000 - $170,000 • Onsite

About The Position

The Director of Finance provides financial leadership for Park Lane New York, focusing on the hotel’s profitability, accurate and timely financial reporting, internal controls, regulatory compliance, and protection of owner and investor assets. The role oversees hotel accounting and financial operations, advises management on financial objectives, and works with executive leadership to keep property operations on track. The Director of Finance also hires, trains, supervises, and develops staff and ensures the hotel complies with Highgate Hotels’ standards and regulations.

Requirements

• At least five years of hospitality finance or accounting experience.
• Bachelor’s degree required, preferably in Finance or Accounting.
• Prior Controller or Director of Finance experience is preferred, preferably at a premium-branded hotel.
• Excellent verbal and written communication skills.
• Must supervise two or more employees.
• Proficiency in Windows, company-approved spreadsheet and word-processing applications, and hotel-specific systems.

Nice To Haves

• Prior Controller or Director of Finance experience, preferably at a premium-branded hotel.
• Bachelor’s degree in Finance or Accounting.

Responsibilities

• Manage and communicate cash-flow matters, including preparing monthly financial statements and managing receivables, payables, cash balances, controls, and timely deposits.
• Monitor hotel revenues and expenses, ensure accurate recording under company guidelines, and monitor cash flow and operating forecasts.
• Create annual budgets and monthly variance analyses; investigate variances against budget or prior year and recommend practical improvements.
• Ensure compliance with regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes, and assist management in enforcing compliance.
• Analyze financial data and hotel operations to advise management on financial objectives.
• Apply standard accounting policies, procedures, and internal controls to finance and accounting operations.
• Review and approve balance-sheet accounts, including monthly bank and general-ledger reconciliations.
• Establish and audit internal financial controls covering purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Coordinate and complete internal and external financial audits, including work with CPA firms and timely delivery of requested information.
• Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
• Maintain compliance with Highgate Hotels’ standards and regulations to support safe and efficient hotel operations.
• Direct or prepare required financial reports and meet deadlines, including weekly A/R and A/P aging, flash, payroll, and revenue reports; monthly financial statements, forecasting key statistics, and cash flow reports; and annual budgets, five-year plans, and five-year capital plans.
• Interact with Executive Committee members to ensure property operations remain on track and under control.
• Monitor compliance with reporting deadlines and respond as needed.
• Monitor the accurate production of the hotel daily operating report.
• 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: Director