Director of Finance

Highgate Hotels•New York, NY

15d

About The Position

The Director of Finance provides leadership over the hotel’s financial operations, focusing on profitability, accurate and timely financial reporting, internal controls, regulatory compliance, and safeguarding owner and investor assets. The role oversees financial planning and analysis, cash flow, accounting procedures, audits, and finance staff while supporting hotel management in achieving financial objectives. The position is based at Park Lane New York, a 610-room hotel with food and beverage venues and event space.

Requirements

At least 5 years of hospitality finance or accounting experience.
Prior Controller or Director of Finance experience, preferably at a premium-branded hotel.
Excellent verbal and written communication skills.
Bachelor’s degree required, preferably in Finance or Accounting.
Must supervise two or more employees.
Proficiency in Windows, company-approved spreadsheets and word-processing applications, and hotel-specific systems.

Nice To Haves

Prior Controller or Director of Finance experience at a premium-branded hotel is preferred.
A bachelor’s degree in Finance or Accounting is preferred.

Responsibilities

Manage and communicate cash-flow matters, including preparation of monthly financial statements and oversight of receivables, payables, cash balances, controls, and timely deposits.
Monitor hotel revenues and expenses and ensure they are recorded accurately under company guidelines.
Monitor and control hotel cash flow and operating forecasts.
Create annual budgets and monthly variance analyses; investigate variances against budget or prior year and recommend practical improvements.
Ensure compliance with regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes, and assist management in enforcing compliance.
Analyze financial data and operations to advise management on meeting the hotel’s financial objectives.
Follow accounting policies, procedures, and internal controls for finance and accounting operations.
Review and approve balance-sheet accounts, including monthly bank and general-ledger reconciliations.
Establish and audit internal financial controls covering purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
Coordinate and complete internal and external financial audits, including working with CPA firms and providing requested information on time.
Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
Maintain compliance with company standards and regulations to support safe and efficient hotel operations.
Direct or prepare required financial reports by their deadlines, including weekly aging, flash, payroll, and revenue reports; monthly financial statements, forecasts, key statistics, and cash-flow reports; and annual budgets and five-year plans, including capital plans.
Interact with Executive Committee members to ensure property operations are on track and under control.
Monitor compliance with required reporting deadlines and respond as needed.
Monitor accurate production of the hotel daily operating report.
Perform other special projects and responsibilities as assigned.

Benefits

Medical insurance
Dental insurance
Vision insurance
Life insurance
Short-term and long-term disability insurance
401(k) retirement plan with employer matching contributions
Paid holidays
Paid vacation
Paid sick leave in accordance with applicable law
Employee assistance program
Educational opportunities and tuition reimbursement
Paid jury duty leave, personal leave, medical leave, and military leave in accordance with applicable law