Director of Finance

Sage Hospitality • Sonoma, CA

22d • $110,000 - $130,000

About The Position

The Director of Finance is the financial leader of the hotel and oversees finance, particularly payroll, budgeting, forecasting, and related duties. The role provides leadership, delivers accurate and timely financial reports to hotel leadership and corporate, and implements internal controls that safeguard leaders, the owner, and assets while ensuring compliance with federal, state, and local regulations. The position also supports department leaders with operational matters and special projects, identifies risks, and presents solutions that help guide effective decisions in the hotel's financial interests.

Requirements

• Four-year college degree, preferably in accounting, or equivalent education and experience.
• Five to ten years of employment in a related position with this company or another organization.
• Knowledge of all hotel accounting functions performed by direct and indirect subordinate reports.
• Advanced knowledge of accounting, finance, and the hospitality professions.
• Ability to analyze activities or information, including original data manipulation or interpretation, and reach logical conclusions.
• Knowledge or experience in office management, bank reconciliations, preparation of state and federal reports, training accounting staff, conducting or participating in meetings, balance-sheet account analysis, journal entries, closing the books, and preparing the balance-sheet package.

Responsibilities

• Assist with the operation of each leader's department and with special projects; identify risks and present solutions to guide financially effective decisions.
• Develop the annual operating budget, operating plan, and financial goals; achieve budgeted revenues, costs, and profits through accounting diligence, expenditure controls, and proficient accounting practices.
• Set written quarterly priorities and key objectives for department heads, including action plans and completion dates; follow up on implementation and take corrective action when objectives are not met.
• Forecast operating staffing and cost expenditures monthly, and provide department heads with business-planning guidance aligned with forecasted sales and costs.
• Review financial statements monthly to correct problems, ensure spending is on track, and plan for future business.
• Review and approve departmental expenses in “other expense” categories and regularly review major expenses to ensure funds are spent wisely.
• Promote associate morale and loyalty; communicate with, counsel, and support staff development; remain visible and available under the Company's open-door policy; and attend monthly department employee meetings when possible.
• Conduct performance appraisals and personal development planning for management staff; identify substandard performance and outline improvements, including corrective or disciplinary measures.
• Ensure hotel management staff have the experience, knowledge, and ability required for their roles.
• Review controls and ensure adherence to protect hotel property and assets.
• Review sales solicitation activities, room-night productivity, and group room rates; assess individual productivity and take corrective action as needed.
• Evaluate market mix and take action to position the hotel for increased business.
• Participate in solicitation of key accounts by reviewing contracts, meeting with the sales department, and contacting key accounts in person and by phone.

Benefits

• Medical, dental, and vision insurance
• Unlimited paid time off
• Health savings and flexible spending accounts
• Basic life and AD&D insurance
• Eligibility to participate in the Company's 401(k) program with employer matching
• Employee Assistance Program
• Tuition reimbursement
• Discounts on hotels, restaurants, and more

What This Job Offers

• Job Type: Full-time
• Career Level: Director