Director of Finance - The Nell New York

Nell Hotels•New York, NY

About The Position

The Director of Finance provides strategic leadership and oversees the day-to-day financial operations of The Nell New York. The role supervises and directs financial and accounting functions, including accounts payable and receivable, credit and collections, payroll, cash management, internal controls, auditing, general ledger, financial reporting, tax compliance, budgeting, and forecasting. The Director partners with the Senior Director of Finance and Hotel General Manager to support sound financial management, operational excellence, regulatory compliance, and achievement of the hotel’s financial objectives. The position is a visible member of the hotel’s Executive Committee, with exposure to senior corporate leaders and asset managers. The salary range is $170,000 to $200,000, with actual pay dependent on budget and experience; salaried roles are eligible for a bonus.

Requirements

Bachelor’s degree in Accounting or Finance.
Seven or more years of experience leading a hotel finance and accounting division in a Senior Manager- or Director-level position.
Knowledge of hotel property management software, point-of-sale systems, electronic time clock systems, spreadsheet software, and other hotel applications.
Knowledge of budgeting, forecasting, and capital project accounting.
Proficiency in Microsoft Word, Excel, and PowerPoint.
Proficient knowledge of all aspects of hotel accounting.
Ability to analyze and improve processes to enhance efficiency and effectiveness.
Ability to collaborate across finance, operations, and sales teams to support integrated project execution.
Ability to lead, influence, and encourage others; advocate for sound financial decisions; and lead by example.
Strong interpersonal skills and understanding of professional business ethics in interactions with the team and guests.
Excellent oral presentation, written communication, and organizational skills.
Ability to analyze and use operational, financial, and marketing data to maintain and improve market share and penetration goals.
Ability to work under deadline pressure and adapt quickly to a changing market.
Ability to develop and implement local accounting and financial control procedures and systems to maintain key controls, safeguard assets, and improve operations and profitability.
Ability to communicate financial concepts clearly when implementing initiatives and projects, and to measure and report actual results against anticipated results.
Ability to develop, implement, and monitor hotel-specific accounts receivable credit and collection practices consistent with company policies and procedures.
Ability to follow company policies and local standard operating procedures.
Ability to stand, type, and sit at a desk or computer for most of the work shift while performing repetitive movements.

Nice To Haves

Occasional ability to lift, push, or pull 25 pounds individually or with assistance is preferred but not required.

Responsibilities

Create and execute business plans aligned with the property’s and brand’s business strategies.
Plan, organize, direct, and control financial operations while safeguarding hotel assets, maximizing return on investment, providing timely and accurate reporting and analysis, and maintaining the integrity of management information systems.
Lead the completion, review, and presentation of monthly forecasts, annual operating and capital budgets, and business plans prepared by the hotel management team.
Prepare accurate, timely, and complete monthly financial statements with supporting workpapers and schedules in accordance with company policies, hotel management agreements, and GAAP.
Manage risk to preserve hotel property and reduce potential liability claims.
Manage and control receivables, payables, credit, payroll, cash handling, and treasury functions with the hotel accounting department staff.
Distribute outlook and forecast information to operating departments and analyze variances against actual results to measure and improve forecast accuracy.
Maintain insurance coverage and ensure licenses, permits, contracts, and legal agreements are current.
Use financial and operational performance analysis, including benchmarking, to maximize revenue, GOP flow-through, and financial return.
Maintain records for internal and external audits, coordinate audit visits, and respond to auditor requests while ensuring compliance with government regulations, applicable laws, contractual agreements, and collective bargaining agreements.
Monitor purchasing, ordering, and delivery compliance; analyze reports from company-mandated buying programs; and approve purchases and expenses.
Perform other duties as assigned.