Regional Director of Finance

OTH Hotels Resorts•Williamsburg, VA

1d•Hybrid

About The Position

At OTH Hotels Resorts, our team is our number one asset. We strive to create a safe, positive, uplifting work environment for all and a culture that ignites a long-term career passion for hospitality and service. Our shared purpose is to be the Heart of Hospitality in the lives of our team members, guests, owners, partners, and communities. As the Regional Director of Finance, you will be responsible to coordinate, administer and report on various financial activities, including but not limited to, month end closing and balance sheet reconciliations to aid in the required processes, accuracy and timeliness of monthly reporting of financial records in accordance with Uniform System of Accounts (USALI), Generally Accepted Accounting Principles (GAAP), OTH Hotels Resorts policies and procedures while ensuring financial internal controls are adhered to. You will manage a centralized finance team performing accounts payable, treasury management, income controls, payroll processing, month end closing, tax filings, and balance sheet management. You will recommend and implement procedural and/or process changes that align with OTH’s company vision and legal requirements across all fifty states as well as federal authorities.

Requirements

Four-year college degree or equivalent /education experience.
Accounting experience is required with a minimum of seven (7) years in the hospitality industry.
Knowledge of Microsoft Office, including word, excel, outlook, PowerPoint.
Ability to write and communicate professionally.
Must be hospitality oriented and possess the ability to work under pressure.
May require knowledge of policies and procedures and the ability to determine course of action based on these guidelines.
Must be able to multi-task and organize while overseeing a team and multiple assets simultaneously.
Ability to drive and/or commute to and from home to other properties with a minimum of one week per month, as the business requires.
Ability to lift boxes of 30+ pounds, stand or sit for long periods of time.

Nice To Haves

Previous supervisory/ management skills preferred.
Experienced with Dayforce, PVNG, and ProfitSword preferred and/or other Payroll, Back Office and BI systems, respectively.

Responsibilities

Advocates the Open Door Policy by assisting the properties' leadership through clear, calm and direct oral and/or written communication, in accordance with the guidelines established by OTH Hotels Resorts.
Bring all financially sensitive related information to the attention of the Vice President Finance in all instances to limit liability.
Assist in internal and external audits per OTH or ownership groups.
Process finance forms and respond to written and oral inquiries regarding financial items in a timely manner.
Manage employees’ daily activities and responsibilities, including disciplinary meetings, terminations, and investigations as appropriate.
Perform special projects as assigned.
Manages the daily income audit process to ensure accuracy through revenue recognition.
Manage the accounts payable process from purchase orders to accruals.
Ensure the weekly Accounts Payable procedure is adhered to for clear property communication.
Responsible for weekly check runs that align with the Accounts Payable procedure as well as the cash projections.
Maintains accurate and timely processing of payroll to ensure team members are paid by the payroll calendars.
Conduct daily, weekly and monthly tasks to ensure timely and accurate financial reporting.
Provide guidance and oversight of on-property reports and processes (i.e. guest ledger, city ledger, advance deposits, etc…)
Oversee the on-property staff to ensure compliance with accounts receivable and cash reconciliation and reporting.
Responsible for maintaining and communicating monthly requirements of OTH deliverables and deadlines for timeliness of financials throughout the month.
Prepare daily cash updates for projection accuracy.
Communicate and plan cash use with ownership on a weekly basis.
Forecast on a full year basis the cash position of the hotel for distributions or contributions from ownership groups.
Responsible for the closing of the financial records monthly including journal entries, balance sheet reconciling entries, reclasses, and reviews for accuracy.
Manage balance sheet reconciliations with supporting documentation.
Oversee reconciliation of all taxes including the periodic filing per state and federal requirements.
Responsible for the development and execution of the monthly financial package which includes: Monthly Financial Statement, Full Year Forecast, Balance Sheet, Cash Projection Summary, AP Aging, AR Aging, Trail Balance, General Ledger Detail, STR Report, Group and Catering Pace Report.
Responsible for the review of monthly forecasts, including training of property staff as needed.
Oversee the budgeting process for all properties and approval prior to Vice President of Finance and CFO review.