Director of Finance - NOPSI

Horseshoe Bay Resort • New Orleans, LA

15h

About The Position

The Director of Finance provides ethical and consistent financial leadership for the hotel, supplying management with guidance, training, and support. 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 of Finance oversees financial planning, forecasting, budgeting, cash flow, revenue and expense monitoring, reconciliations, financial controls, reporting, and compliance. The position also leads the hotel’s finance staff through hiring, training, supervision, coaching, and development, while ensuring the appropriate use and maintenance of IT systems and equipment.

Requirements

• A minimum of 5 years' experience as a Hotel Director of Finance.
• Demonstrated knowledge and accuracy in P&L composition, forecast accuracy, and overall financial management that exceeds owner expectations.

Responsibilities

• Evaluate the financial impact of business decisions.
• Promptly notify all levels of management about financial deviations from established policies and control weaknesses.
• Manage and communicate cash-flow issues to management and ownership, including preparing cash-flow statements, managing receivables and cash balances, maintaining controls, and ensuring timely deposits.
• Monitor hotel revenues and expenses and ensure they are recorded accurately in accordance with Crescent Hotels and Resorts guidelines.
• Investigate variances to budget or prior-year results and recommend practical improvements.
• Support capital planning by calculating returns on capital improvements, gathering supporting information, monitoring bids, and evaluating scopes of work and specifications.
• Ensure compliance with regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes, and assist management in enforcing compliance.
• Coordinate forecasts and budgets with the full participation of the management team.
• Analyze financial data and hotel operations to advise management on achieving financial objectives.
• Ensure timely reconciliation of balance-sheet accounts, including bank reconciliations.
• Establish and audit internal financial controls covering purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
• Recruit and maintain a pipeline of qualified, promotable finance associates and managers.
• Provide ongoing training and development for finance associates.
• Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
• Maintain compliance with Crescent Hotels and Resorts standards and regulations for safe and efficient hotel operations.
• Ensure proper use, maintenance, and periodic upgrades of IT systems and equipment.
• Direct and/or prepare financial reports in accordance with Crescent Hotels and Resorts requirements and deadlines.
• Review and submit the Daily Revenue Report.
• Ensure timely deposits of cash and transmission of credit-card transactions.
• Review labor reports for overtime and variances from forecast.
• Review departmental checkbooks and recommend changes as needed.
• Distribute and discuss weekly general-ledger reports with department managers.
• Update the General Manager on unfavorable financial issues affecting the month.
• Ensure sufficient cash is available to meet scheduled obligations.
• Reconcile balance-sheet accounts with appropriate supporting documentation.
• Ensure all banks are counted and count the main vault.
• Review the Key Financial Controls Checklist for adherence and compliance.
• Compare actual results with forecasts, identify discrepancies, and improve forecasting accuracy in future months.
• Participate in the monthly Credit Meeting.
• Participate in preparing and reviewing forecasts with department heads before submission.
• Perform other job-related duties as assigned.

Benefits

• Operational incentive plan eligibility.
• An exceptional benefit plan for eligible associates and their family members.
• 401(k) matching program for eligible associates.
• Discounts at Crescent-managed properties in North America for associates and their family members.
• Health and wellness programs.
• Learning and development programs.
• Travel discounts.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed