Director of Finance

Director of Finance

Omni Hotels & Resorts

Overview

The 1,054-room Omni Boston Hotel at the Seaport is the newest luxury hotel in the City of Boston and the most significant hotel project in the city for the last forty years. The property features seven dining outlets, a signature spa, fitness center, and rooftop pool, boasting more than 100,000 square feet of meeting and event space and catering to the most discerning clientele.

Job Description

The Omni Boston Hotel at the Seaport is located in the center of the bustling Seaport District and is an AAA Four Diamond rated hotel with 1,054 guestrooms, 52 suites, seven dining experiences, a scenic rooftop pool, a luxury Breve Spa, and extensive meeting space. The Director of Finance directs the accounting and control functions at the hotel, ensuring timely reporting of operating results and maintaining the integrity of the management information system. Creativity must infuse everything we do, pushing boundaries while meeting performance realities.

Responsibilities

• Supervise all accounting functions.
• Prepare the financial statements within the periods supplied in the corporate closing schedule and according to the Omni Policies and Procedures, Generally Accepted Accounting Principles and the Uniform System of Accounts.
• Analyze and interpret financial results to assist and advise the General Manager and the Omni Corporate Team.
• Maintain balance sheet analysis on a monthly basis with full supporting detail.
• Prepare accurate cash flow statements and projections on a monthly basis and on request.
• Maximize working capital and cash flow statements and projections on a monthly basis and on request.
• Prepare timely and accurate sales, use and occupancy tax returns as well as other external reports as deemed necessary.
• Ensure successful treasury cash management as set forth in the policies and procedures manual.
• Ensure compliance with the management agreement and attendant legal documents.
• Maintain effective system and control procedures as set forth in the policies and procedures manuals.
• Ensure integrity and efficiency of computerized data processing functions.
• Ensure that all financial reports, budgets, forecasts, and other information required by Omni are accurately compiled and submitted within specified time limits, identifying variances and making recommendations for improvements.
• Review forecasts and budgets prepared by hotel management to provide reasonable and achievable performance guidelines to owners, General Manager, and Omni Corporate Management.
• Lead and perform an advisory or interpretive role, recommending controls related to the ethical environment.
• Ensure adequate controls are installed and maintained for protection of the hotel's assets against loss or misappropriation.
• Ensure adequate insurance coverage is maintained to protect hotel assets per management contract requirements.
• Ensure all legal, treasury, and tax documentation is properly maintained and secured, satisfying statutory and fiscal reporting requirements, including governmental permits and licenses.
• Continuously monitor economic, social and governmental trends and policies and inform General Manager and Omni Corporate Management of any implications affecting hotel performance.

Qualifications

Hotel Specific Essential Functions

Tools And Equipment

Working Environment

Seniority Level

Director

Employment Type

Full-time

Job Function

Finance and Sales

Industries

Hospitality

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