Director of Finance

Marriott • Stamford, CT

17d • $150,000 - $160,000 • Onsite

About The Position

The Director of Finance is responsible for overseeing the financial operations of the hotel, ensuring financial integrity, compliance, and strategic planning. This role involves managing budgeting, forecasting, reporting, and financial analysis to support the hotel’s overall goals and objectives.

Requirements

• Bachelor’s degree in finance, accounting, or a related field
• Minimum of 7 years of experience in finance or accounting
• At least 3 years in a leadership role within the hospitality industry.
• In-depth knowledge of hotel finance, accounting principles, financial regulations, and tax laws
• Strong analytical and problem-solving skills, with attention to detail.
• Excellent communication and interpersonal skills, capable of presenting complex financial information clearly.
• Proficiency in financial software and Microsoft Excel
• Ability to work in an office environment for extended periods.
• Flexibility to work outside standard business hours when necessary to meet deadlines or attend meetings.

Nice To Haves

• Master’s degree or CPA designation is preferred.
• Knowledge of hotel management systems is a plus.

Responsibilities

• Oversee all financial operations, including accounting, budgeting, forecasting, and financial reporting.
• Ensure compliance with all financial regulations and internal policies.
• Manage deadlines and communication with hotel owners and team members effectively.
• Lead the annual budgeting process, working closely with department heads to develop accurate and realistic financial plans.
• Prepare and analyze financial forecasts to identify trends and provide actionable insights.
• Track and monitor forecast and budget performance by departments and work with GM to provide insight to department heads.
• Responsible for annual budget preparation as per owner requirements.
• Prepare and present monthly, quarterly, and annual financial statements and reports to senior management and stakeholders.
• Analyze financial performance and variances against budget, providing recommendations for improvement.
• Advise General Manager on cost control and Profits
• Support operational teams with financial insights and decision making.
• Monitor cash flow and manage working capital to ensure the hotel’s financial stability.
• Develop strategies to optimize cash flow and minimize financial risks.
• Establish and maintain robust internal controls to safeguard financial assets, mitigate risks, and ensure compliance with accounting regulations and industry standards.
• Conduct regular audits and assessments to identify areas for improvement.
• Perform financial analysis as needed and /or requested by General Manager and Corporate Office.
• Review Payroll for processing
• Oversee purchasing processes, negotiate competitive pricing from vendors.
• Lead and develop the finance team, providing guidance, training, and performance evaluations.
• Foster a collaborative and innovative work culture within the finance department.
• Supervise Accounts payable and receivable function on regular basis.
• Collaborate with executive management to develop financial strategies that align with the hotel’s business goals.
• Participate in strategic decision-making, providing financial insights and analysis to support growth initiatives.
• Ensure the accurate and timely preparation and submission of all local, state, and federal tax returns and reports.

What This Job Offers

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