Director of Finance

Hersha Hospitality Management LP • Boston, MA

7d

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 established guest service and sustainability standards. The role analyzes operational financial data to advise hotel management and support an efficient operation, monitors and approves hotel sales, purchases, salaries, and expenses, and prepares and presents the Monthly Report of Operations. The Director of Finance also prepares forecasts and budgets as required, oversees contracts and legal agreements, and supports the maintenance of licenses, permits, insurance, and contracts. The position supervises associates and establishes and audits internal financial controls.

Requirements

• Bachelor’s degree required, preferably in Accounting or Finance.
• Five to ten years of accounting experience in the hospitality industry.

Responsibilities

• Interview, select, train, schedule, coach, and support associates, ensuring they meet brand or hotel standards and HHM core values.
• Analyze financial data of operations to advise hotel management and help maintain an efficient operation.
• Monitor and approve hotel sales, purchases, salaries, and expenses.
• Prepare, review, and present the Monthly Report of Operations.
• Prepare forecasts and budgets as required, including annual, revised annual, and monthly forecasts or budgets, and those requested by management or owners.
• Ensure payroll practices comply with the Fair Labor Standards Act.
• Oversee contracts and legal agreements, and assist hotel management in maintaining licenses, permits, insurance, and contracts.
• Establish and audit internal financial controls, including controls for purchasing, cash handling and disbursements, inventories, hotel equipment, master keys, and associate time records.
• Practice safe work habits, wear protective safety equipment, and follow MSDS and OSHA standards.
• Perform other duties as requested by management.

Benefits

• Medical, dental, and vision health insurance.
• Paid time off.
• 401(k) company match.
• Free basic life insurance.
• Travel discounts.
• Commuter transit and commuter parking benefits.
• Quarterly bonuses and incentives.
• Employee assistance and wellness program.
• Educational and professional development.
• Technology reimbursements.

What This Job Offers

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