Director of Finance
Los Angeles Growth - Highgate Hotels•Los Angeles, CA
•$140,000 - $200,000
About The Position
The Director of Finance provides leadership in the hotel’s financial operations, 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 owners’ and investors’ assets. The Director works with department heads to monitor hotel operations and financial objectives, oversees accounting staff, and prepares financial reports and analyses.
Requirements
- Bachelor’s degree, preferably in Accounting.
- Strong PC skills, including Excel, Word, and financial accounting systems.
- Strong organizational, analytical, verbal, and written communication skills.
- Long hours are sometimes required.
Nice To Haves
- Hospitality-related financial management and accounting experience is desirable.
Responsibilities
- Facilitate the timely preparation of monthly property 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 interaction with department heads to ensure property operations remain 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 related to receivables, payables, daily cash balances, and timely deposits.
- Monitor hotel revenues and expenses and ensure accurate recording in accordance with established guidelines; investigate variances and recommend practical improvements.
- Analyze financial data and operations and advise department heads on maintaining the hotels’ financial objectives.
- 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 leave, personal leave, medical leave, and military leave in accordance with applicable law
- Location-specific paid holidays, vacation, and sick leave for employees in Washington, Colorado, and California, subject to applicable terms and conditions
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What This Job Offers
Job Type
Full-time
Career Level
Director
