Director of Finance

Join to apply for the Director of Finance role at Highgate Hotels located in Monterey Beach Hotel, Monterey, CA.

Overview

The Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on profitability; maintaining accurate and timely financial reporting; ensuring acceptable levels of internal control; ensuring compliance with all federal, state, and local regulations and Highgate Hotels' Standard Operating Procedures; and safeguarding owners / investors' assets.

Responsibilities

• Effectively manage and communicate cash flow related issues, including preparation of monthly financial statements, cash flow statements, management of receivables, payables, cash balances, and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotels' established guidelines; monitor and control hotel cash flow and operating forecast.
• Create annual budgets and monthly variance analyses; investigate and critique variances to budget or prior year and offer practical improvement methodologies to management.
• Ensure hotel compliance on all regulatory licenses and permits, leases, contracts, legal agreements, operational taxes, and provide assistance to management in enforcing compliance.
• Analyze financial data and operations to assist and advise management in maintaining financial objectives.
• Comply with standard accounting policies, procedures, and internal controls for finance and accounting operations.
• Review and approve all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and audit all internal financial controls, including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Coordinate all internal and external financial audits, including work with CPA firms and delivering requested information on time.
• Hire, train, supervise, and develop staff, providing coaching, counseling, and discipline as needed.
• Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient hotel operation.
• Direct or prepare all financial reports to Highgate Hotels’ requirements, meeting various due dates and deadlines :
• Weekly : A / R & A / P Aging, Flash Reports, Payroll Reports, Revenue Updates
• Monthly : Financial Statements, Forecasting Key Statistics Report, Cash Flow
• Annual : Budgets, 5-Year Plans, 5-Year Capital Plans
• Interact timely with Executive Committee members to assure that property operations are on track.
• Ensure accurate daily operating reports and monitor compliance with required report deadlines.
• Oversee onsite accounting team and execute other special projects and responsibilities as assigned.

Qualifications

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