Director of Finance

HEI Hotels & Resorts•West Hollywood, CA

9d•$150,000 - $160,000•Onsite

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 generally accepted accounting principles and HEI Hotels and Resorts standards. The role provides financial analysis and reporting to hotel leadership, corporate offices, and ownership, and participates in Executive Committee and staff meetings. The position oversees accounting practices, internal controls, cash management, audits, budgets, capital expenditures, financial objectives, accounts receivable, corporate reporting, asset and liability account balances, and the finance department’s management and development. It also supports department managers with financial analysis and inventory controls, coordinates the property’s labor management system, and communicates current or potential financial issues to hotel and corporate management.

Requirements

At least 3 years of experience in hotel or hospitality-related finance and accounting.
Analytical approach to problem-solving, with attention to detail and accuracy.
Assertive personality and professional demeanor.
Effective verbal and written communication skills, with the ability to adapt communication style to different audiences.

Nice To Haves

Bachelor of Science in Accounting or Hotel Management preferred.

Responsibilities

Perform financial analysis as requested by the General Manager or Corporate Office.
Provide accurate financial reporting in accordance with HMA requirements and communicate timely and accurately with the ownership group.
Offer practical cost-benefit solutions and provide accurate interpretations of policies.
Participate in Executive Committee and staff meetings and assist managers in analyzing statements, distributions, and other financial data.
Support and comply with property standards and Corporate SOPs.
Correct deficiencies identified in Internal Audit reports and use the Controller’s Checklist effectively.
Maintain cash controls, conduct audits and reporting, review asset security, and audit inventories.
Understand pertinent leases, contracts, agreements, covenants, and restrictions, as well as applicable sales tax and innkeeper, liquor, and labor laws.
Schedule and coordinate preparation and presentation of the annual operating budget and coordinate capital expenditure budget preparation according to SOP.
Control the capital expenditure program and complete return-on-investment analyses.
Complete entries for financial statements, review statements for inaccurate data, and make corrections within the following period.
Inform the General Manager and HEI Corporate management of current and potential financial problems and keep management informed of sales and profit attainment.
Coordinate the property’s labor management system.
Manage accounts receivable standards and collection periods, document local credit policy, and audit compliance.
Approve major accounts for credit under local policy; conduct credit and write-off meetings as requested; and submit required critiques and credit loss reports accurately and on time.
Review major banquet functions and group accounts for appropriate credit extensions before arrival, maintain bad-debt expense standards, and maximize receivable realizations.
Complete required financial reports and requests from HEI Corporate offices and establish other reports or documents as needed outside SOPs.
Reconcile asset and liability account balances on a current basis and establish accrual, prepaid, and other account balances using appropriate accrual and expense realization methods.
Calculate asset-category turnover ratios and days available and compare them with standards.
Work with department managers to control inventory balances according to established realistic pars and comply with company procedures for deferring payments.
Maintain and update department job descriptions and standards; comply with corporate and local policies for wages and increases.
Establish an effective departmental cross-training program and identify, screen, and attract management candidates from outside the company.
Comply with attendance rules, be available to work regularly, and perform other duties as assigned.