Director of Finance

HEI Hotels and Resorts•West Hollywood, CA

About The Position

The Director of Finance supervises and directs the hotel’s financial activities, safeguards its assets, and prepares financial reports in accordance with generally accepted accounting principles and HEI Hotels and Resorts standards. The role supports hotel leadership and corporate stakeholders with accurate reporting, financial analysis, policy interpretation, and practical recommendations based on cost and benefit considerations. The position oversees financial and accounting practices, budgeting and capital expenditure controls, financial objectives, accounts receivable, corporate reporting, asset and liability account balances, and department management. It works closely with the General Manager, HEI Corporate management, ownership, and department managers to monitor financial performance, maintain controls, and support the hotel’s operating goals.

Requirements

At least 3 years of experience in hotel- or hospitality-related finance and accounting.
Analytical approach to problem-solving and attention to detail and accuracy.
Assertive personality and professional demeanor.
Effective verbal and written communication skills.
Ability to adapt communication style to different audiences, including supervisors, coworkers, and the public.

Nice To Haves

Bachelor of Science in Accounting or Hotel Management preferred.

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 with the ownership group in a timely manner.
Provide practical financial solutions, interpret policies accurately, participate in Executive Committee and staff meetings, and assist managers in analyzing financial statements and other data.
Support and comply with 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, restrictions, and applicable tax and hospitality-related laws.
Schedule and coordinate preparation and presentation of the annual operating budget.
Coordinate the capital expenditures budget and control the capital expenditure program, including completing ROI analyses.
Complete entries for financial statements, 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, and keep management informed of sales and profit attainment.
Coordinate the property’s labor management system.
Manage accounts receivable standards and collection periods; document local credit policy and audit compliance.
Approve major accounts for credit as defined by local policy; conduct credit and write-off meetings as requested.
Submit required critiques and credit loss reports accurately and on time, and review major banquet functions and group accounts for appropriate credit extensions before arrival.
Manage accounts receivable to maximize collections and maintain bad debt expense standards related to credit sales.
Complete financial reports and requests from HEI Corporate offices and establish additional reports or documents as needed.
Reconcile asset and liability account balances on a current basis and establish accrual, prepaid, and other account balances using appropriate methods.
Calculate inventory turn ratios and days available for major asset categories, compare results to standards, and work with department managers to control inventory balances according to established pars.
Comply with company procedures on deferred 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 management candidates from outside the company.
Comply with attendance rules and be available to work regularly.
Perform other duties as assigned.