Director of Finance

Algonquin Resort•Town of Saint Andrews, NB

28d•Onsite

About The Position

The Director of Finance is a key member of the property’s Executive Committee and will play a crucial part in driving financial performance and operational excellence. This position is responsible for managing and all accounting functions and controls ensuring they are accurate, timely and comply with all related policies and procedures.

Requirements

Minimum 8–10 years of progressive financial leadership experience in hospitality or luxury service environments, with at least 5 years of leading a team.
Strong knowledge of financial regulations.
Proven experience managing accounting systems, financial analysis tools.
Strong interpersonal and problem solving skills.
Ability to multitask in a fast-paced environment and maintain a high-level attention to detail. Self-motivated and able to manage people and processes.
Must have strong customer support orientation (for internal/external customers), demonstrate professional demeanor, and the ability to maintain confidential information.
Impeccable integrity and ethics. Trustworthy and discrete. Strong communication skills, both verbal and written.
Above average proficiency/familiarity with computerized systems, as well as budgetary analysis capabilities required.
Working knowledge of accounting principles, including budgeting and forecasting. Strong knowledge in Account Reconciliation, Accounts Payable, Accounts Receivable, Payroll Processes, etc.
Exceptionally well-organized, able to adapt quickly to competing and changing priorities while closely monitoring critical dates and departmental obligations. Must have strong skills in planning, demonstrated ability to work independently and exercise sound judgment and problem solving.

Responsibilities

Analyze and advise on revenue and expenditure trends, financial commitments, and future performance. Recommend efficient use of resources and provide strategic financial guidance to support operational decision-making.
Establish and maintain a system of internal controls and accounting which provides the most effective control over Hotels’ assets, liabilities, revenues and expenditures in accordance with established procedures.
Ensure that Brand procedures and programs are adhered to and monthly Brand reporting completed.
Provide financial leadership on capital expenditures, ensuring alignment with critical path timelines, budget projections, and ROI expectations. Conduct post-completion audits where applicable.
Hire, train, and guide Finance team members (including shipping & receiving and IT) through performance management, coaching, and development.
Lead the Accounting, Purchasing, Receiving, and IT departments, ensuring compliance with all standards and procedures. Oversee the preparation and timely submission of financial statements, forecasts, and budgets. Ensure the timely reconciliation of balance sheet accounts.
Ensure compliance with Innvest policies, and internal controls. Lead preparations for internal/external audits and implement agreed-upon recommendations. Maintain financial record retention policies and procedures.
Ensure all hotel permits, licenses, contracts, and insurance policies are up to date and compliant with local and federal laws. Liaise with Corporate Legal to protect the interests of Innvest hotels and ownership.
Support department heads in interpreting financial data, maximizing profitability, and strengthening internal controls. Serve as a strategic partner to non-financial leaders on business planning.
Chair a bi-weekly Credit Meeting and liaise with Credit Manager to manage credit-facility related risk.
Primary accountability for ensuring the property exceeds the requirements of the Financial handbook & audit.
Actively contribute as a member of the Executive Committee. Participate in Department Head and Revenue Management meetings, and in the development of annual budgets, sales strategies, and business plan.
Monitor city ledger and guest ledger transactions, and to collect all receivables on a timely basis.
Perform other duties as assigned by the General Manager.