Director of Finance | Hampton Inn & Suites Nashville Downtown

Crescent Careers • Nashville, TN

9d • Onsite

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, regulatory compliance, and safeguarding owners’ and investors’ assets.

The Director of Finance evaluates the financial impact of business decisions, manages cash flow, monitors revenue and expenses, investigates budget variances, supports capital planning, and coordinates forecasts and budgets with the management team. The role also oversees reconciliations, financial controls, reporting, and compliance with applicable regulations and company standards.

The position hires, trains, supervises, and develops finance staff, while supporting ongoing professional development and succession planning. It also ensures appropriate use and maintenance of hotel IT systems and equipment and performs other job-related duties as assigned.

Requirements

• At least four years of experience as a Hotel Director of Finance.
• Demonstrated knowledge and accuracy in profit-and-loss composition, forecast accuracy, budgeting, cash management, and overall financial management that exceeds owner expectations.
• Advanced knowledge of Microsoft Office.
• Self-starting personality with an even disposition.
• Strong communication skills.
• Ability to exercise judgment in evaluating situations and making sound decisions.

Nice To Haves

• Prior experience with Hilton systems is preferred.

Responsibilities

• Evaluate the financial impact of business decisions and promptly notify management of financial deviations from policies or control weaknesses.
• Manage and communicate cash-flow issues, including preparation of cash-flow statements, receivables, cash balances, controls, and timely deposits.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with company guidelines.
• Investigate variances to budget or prior year and recommend practical improvement strategies.
• 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 with enforcement.
• Coordinate forecasts and budgets with the active participation of the management team.
• Analyze financial data and operations to advise management on achieving the hotel’s 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, hire, train, supervise, and develop staff, including coaching, counseling, and discipline; support the development and advancement of finance talent.
• Maintain compliance with company standards and regulations to support safe and efficient hotel operations.
• Ensure appropriate utilization, maintenance, and periodic upgrades of IT systems and equipment.
• Direct and/or prepare financial reports in accordance with company requirements and deadlines.
• Review and submit the Daily Revenue Report; ensure timely cash deposits and credit-card transmission.
• Review labor reports for overtime and forecast variances; review departmental checkbooks and advise on needed changes.
• Distribute and discuss weekly general ledger reports with department managers and update the General Manager on unfavorable financial issues affecting the month.
• Ensure sufficient cash for scheduled obligations, reconcile the balance sheet with supporting documentation, and ensure all banks and the main vault are counted.
• Review the Key Financial Controls Checklist for adherence and compliance.
• Compare actual results with forecasts, identify discrepancies, and improve future forecasting accuracy.
• Participate in the monthly Credit Meeting and complete and review forecasts with department heads before submission.
• Perform other job-related duties as assigned.

Benefits

• Highly competitive compensation.
• 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.
• Discounts at Marriott brand properties worldwide.
• Health and wellness programs.
• Learning and development opportunities.
• Travel discounts.

What This Job Offers

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