Director of Finance

Sage Hospitality•Denver, CO

11d•Onsite

About The Position

Sage Hospitality Group is looking for an independent thinker with an entrepreneurial spirit to join them as a Director of Finance at the upcoming Indigo Raleigh in North Carolina. Sage Hospitality Group is passionate about creating excellence and enriching lives through genuine service, building relationships with guests, and creating unforgettable experiences. They invest in their employees' personal and professional growth and are looking for individuals who are not afraid to forge their own path. The Director of Finance will be the financial leader of the hotel, overseeing all finance areas including payroll, budgeting, and forecasting. This role requires excellent leadership skills to provide accurate and timely financial reports, implement internal control procedures, and ensure compliance with regulations. The ideal candidate will identify risks, present solutions, and guide leadership in making effective financial decisions. They will also be responsible for developing annual operating budgets, achieving financial goals through diligent accounting practices and expenditure controls, and setting departmental priorities with action plans. Monthly forecasting, business planning, and financial statement reviews are key components of this role, along with approving expenses and ensuring wise expenditure of funds. The Director of Finance will also promote associate morale, assist in staff development, conduct performance appraisals, and ensure management staff meet job requirements. Reviewing sales activities, productivity, and market mix to position the hotel for increased business, including involvement in sales solicitation of key accounts, is also expected.

Requirements

A four-year college degree (accounting preferred) or equivalent education/experience.
Five to ten years of employment in a related position with this company or other organization(s).
Knowledge of all hotel accounting functions performed by the subordinate reporting directly or indirectly.
Advanced knowledge of the accounting, finance, and hospitality professions.
Ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.
Office Management
Bank Reconciliations
Preparation of State and Federal Reports
Training of Accounting staff employees
Conducting or participating in meetings
Analysis of Balance Sheet Accounts
Preparation of Journal entries
Closing the books and preparing the Balance Sheet Package.

Responsibilities

Assist in the operation of each leader's department and special projects.
Identify risks and present solutions to guide leaders in making effective decisions that meet the financial interests of the hotels.
Develop 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 priorities and key objectives for each department head quarterly, including action plans and completion dates, and follow up to assure successful implementation.
Conduct monthly forecasting of operating staff and cost expenditures.
Engage in business planning in line with forecasted sales and costs, including guidance to department heads.
Conduct monthly reviews of financial statements to correct problems, assure spending is in line, and plan for future business.
Review and approve all expenses in "other expense" categories in all departments.
Regularly review all major expenses to assure that monies are wisely expended.
Promote associate morale and loyalty within their department and hotel, leading to reduced turnover.
Communicate, counsel, and assist in staff development.
Be visible and available to all associates in accordance with the Company's open door policy.
Attend monthly department employee meetings whenever possible.
Conduct performance appraisals and personal development plans for management staff.
Identify substandard performance of individual managers and outline improvement actions, including taking corrective or disciplinary measures.
Assure the level of experience, knowledge, and ability to meet job requirements of all hotel management.
Review cost controls and assure adherence at all times in order to protect the hotel's property/assets.
Review sales solicitation activities, room nights productivity, and group room rates sold by sales.
Review individual productivity and ensure corrective actions are taken.
Evaluate market mix and take action in order to best position the hotel for increased business.
Involve in sales solicitation of key accounts by reviewing contracts, meeting with the sales department, and visiting key account contacts in person and by phone.