Taskforce Director of Finance

HEI Hotels and Resorts•Fairfield, CT

14d

About The Position

The Taskforce Director of Finance manages day-to-day accounting, forecasting accuracy, and budgeting for assigned HEI hotel assets. The role is accountable for each assigned hotel's month-end close, balance sheet reconciliation, process improvement, and control environment. It also supports newly managed hotels by onboarding them to HEI initiatives and directives, and fills management coverage gaps at properties. The Director supervises and directs hotel financial activities, safeguards assets, and prepares financial reports in accordance with generally accepted accounting principles and HEI Hotels and Resorts standards. Travel is required 100% of the time.

Requirements

Bachelor of Science in Accounting or Hotel Management.
At least 3 years of experience in hotel or hospitality-related finance and accounting.
Analytical approach to problems and attention to detail and accuracy.
Assertive personality and professional demeanor.
Effective verbal and written communication skills, with the ability to adapt communication to different audiences.
Sound experience in the hotel or service industry.
Ability to direct multiple complex project work streams successfully.
Flexibility to adapt to changing business needs.
Ability to travel 100% of the time.

Nice To Haves

Experience in a multi-unit hotel or service-industry capacity.

Responsibilities

Perform requested financial analyses and provide practical cost-benefit solutions and accurate interpretations of policy.
Participate in Executive Committee and staff meetings, assist managers with financial data, 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, audit reports, asset security, and inventory audits; understand relevant leases, contracts, agreements, covenants, and restrictions.
Apply relevant city, county, and state sales tax laws and laws concerning innkeepers, liquor, and labor.
Schedule and coordinate preparation and presentation of the annual operating budget and coordinate the capital expenditures budget.
Control the capital expenditure program and complete return-on-investment analyses.
Complete entries required for financial statements, review statements for inaccurate data, and make corrections in the following period.
Inform the General Manager and HEI Corporate management of current or potential financial problems, and keep management informed of sales and profit attainment.
Coordinate the property's labor management system.
Manage accounts receivable, including collection standards, credit policies, major account approvals, credit and write-off meetings, credit-loss reporting, and reviews of banquet and group account credit extensions.
Complete required financial reports and requests from HEI Corporate offices and establish additional reports or documents as needed.
Reconcile asset and liability accounts; establish accrual and prepaid balances using appropriate methods; calculate asset turn ratios and days available; and work with department managers to maintain inventory at established pars.
Comply with company procedures on deferred payments.
Maintain department job descriptions and standards, comply with wage policies, and establish an effective cross-training program.
Identify, screen, and attract management candidates from outside the company.
Comply with attendance rules, be available to work regularly, and perform other assigned duties.