Director of Finance

Virgin Hotels Central Services LLC•Nashville, TN

11h

About The Position

The Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by supplying management with guidance and training. He/she is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels on internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets. The ideal candidate will be a team builder and coach, a cultural ambassador and adept at shifting between financial strategy and tactics. They will also naturally thrive in agile environments and have an innate passion for finding patterns that emerge from analytics. Most of all, we want you to have FUN since you play a huge role in creating that memorable guest experience towards your teammates, customers (external and internal), vendors, etc.!

Requirements

Current, legal and unrestricted ability to work in the United States
A minimum of 6 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4-years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.
Ability to influence all levels of the organization with your presence and business acumen.
Strong knowledge and ability reading, analyzing, and understanding financial statements, loan documents, lease agreements and contracts.
Ability to manage internal teammates at all levels of the organization.
Proactive, independent, forward-thinking, trustworthy, and hands-on finance executive.
A dynamic team player who is a quick study and can think creatively and effectively challenging existing practices.
Strong written and oral communication skills.
Strong organizational and project management skills.
Maintain regular attendance in compliance with Virgin Hotels standards, as required by scheduling which will vary according to the needs of the hotel.
Must be effective in handling problems in the workplace, including anticipating, preventing, identifying and solving problems as necessary.
Must have the ability to assimilate complex information, data, etc., from disparate sources and consider, adjust or modify to meet the constraints of the particular need.
Must be effective at listening to, understanding, and clarifying the concerns and issues raised by co-workers and guests.
Must be able to work with and understand financial information and data, and basic arithmetic functions.
Must be able to prioritize departmental functions in order to meet due dates and deadlines.

Responsibilities

Work collaboratively with the General Manager, Corporate Director of Finance and other Operational Leaders to determine opportunities to fine-tune processes that will drive both short-term and long-term profitability for the hotel.
Analyze financial variances and operational trends as a result of this evaluation and ensure that financial statements are accurate and timely in conjunction with Virgin Hotels standards and procedures.
Continually assess purchasing opportunities across the hotel to optimize spend.
Build and maintain professional relationships and act as a strategic business partner to hotel ownership and/or Asset Manager.
Compile, maintain and review financial reports for the property on a daily, weekly, monthly and annual basis, including but not limited to daily labor and revenue reporting, checkbooks, monthly financial operating statements, cash flow reports, monthly and weekly forecasts, balance sheet reconciliations and capital budget expenditures.
Support, train and coach on-site accounting teams to ensure accurate and timely preparation of financial statements, accounts reconciliations, forecast and budgets in compliance with HMA obligations.
Alert the Corporate Director of Finance and/or VP, Finance Operations, as deemed necessary on significant variances from budget, forecast and internal control standards.
Partner with the General Manager and Property Leadership Team to ensure forecasting processes are optimized and that the property isis achieving forecasting accuracy targets and optimal flow through.
Proactively compile and understand cash flow forecasts to ensure compliance with debt and lease requirements, sales & use tax payments, real estate tax and other obligations as well as monitor working capital positions daily.
Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
Lead/participate in onboarding and training for new managers at the hotel.
Develop and monitor internal controls to safeguard hotel assets as measured by internal and external audits. Maintain adequate internal control over revenues, expenses, assets and liabilities of the hotel and ensure accounts are maintained according to GAAP and Uniform System of Accounts.
Develop expertise with and continually monitor the functionality of all relevant Virgin Hotel systems including but not limited to, Aptech Financial Systems, Birchstreet, Blackline, ADP, Avero, and property HMS & POS systems.
Partner with the General Manager and People Director to monitor existing talent and implement succession planning within the hotel accounting team as applicable to help sustain our future pipeline.
Be a consistent cultural ambassador for the company and lead by example, bringing your best self to work, every day!
Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Virgin Hotels’ established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
Monitor the capital planning process by assisting management with the calculation of return on capital improvements, gathering support and monitoring the bid process, and ensuring proper upkeep of the property by evaluating scope of work and specifications.
Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.
Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and teammate’s records.
Embrace a continuous growth environment by actively assisting in recruiting, reviewing, recommending and maintaining an inventory of Director of Finance, Assistant Director of Finance and other managers for the organization.
Ensure implementation and completion of all Accounting Key Competencies, both management and hourly.