Area Director of Finance

Description Vinayaka Hospitality is seeking an experienced and strategic Area Director of Finance to oversee the financial operations of three premier downtown Chicago hotels: The Blackstone Hotel (Marriott), Hampton Inn/Homewood Suites (Hilton), and The Westin Michigan Avenue (Marriott) . The Area Director of Finance will provide financial leadership, operational support, and strategic guidance across the portfolio while ensuring compliance with Marriott and Hilton brand standards, ownership objectives, accounting principles, and internal control requirements. This position serves as a key business partner to General Managers, corporate leadership, and ownership, driving financial performance, maximizing profitability, and developing high-performing finance teams. The ideal candidate will possess significant hotel finance leadership experience, including multi-property oversight within Marriott and Hilton branded hotels , strong analytical capabilities, and a proven track record of driving operational and financial excellence. ESSENTIAL RESPONSIBILITIES Financial Leadership & Strategy Provide strategic financial leadership and oversight for all accounting and finance functions across the three-hotel portfolio. Partner with General Managers and executive leadership to develop strategies that improve revenue, profitability, cash flow, and asset value. Lead the annual budgeting process, long-range business plans, and monthly forecasting for each property. Prepare and present monthly, quarterly, and annual financial reviews to ownership and executive leadership. Analyze financial performance, market trends, labor costs, operating expenses, and profitability metrics to identify opportunities for improvement. Participate in owner meetings and provide actionable recommendations to achieve financial goals. Financial Reporting & Analysis Ensure the timely and accurate preparation of monthly financial statements and management reports. Oversee all month-end and year-end closing activities across the portfolio. Review general ledger activity, account reconciliations, journal entries, and financial analyses for accuracy and completeness. Maintain compliance with US GAAP, company accounting policies, and brand reporting requirements. Produce variance analyses comparing actual performance to budget, forecast, and prior-year results. Prepare quarterly owner reporting packages and cash flow projections. Internal Controls & Compliance Establish, monitor, and maintain effective internal controls across all hotel operations. Ensure compliance with Marriott and Hilton financial standards, policies, and reporting requirements. Lead internal and external audits and coordinate implementation of audit recommendations. Monitor adherence to corporate policies, safeguarding company assets and minimizing risk exposure. Ensure compliance with all federal, state, and local tax reporting requirements. Treasury & Cash Management Oversee cash management, banking relationships, and treasury operations for the portfolio. Monitor daily cash positions and forecast cash flow requirements. Ensure timely completion of bank reconciliations and balance sheet reconciliations. Oversee cash handling procedures, credit card reconciliations, merchant processing, and fraud prevention controls. Manage debt service requirements, capital expenditures, and owner distributions as applicable. Operational Finance Support Partner with hotel operations leaders to manage labor productivity, departmental expenses, and profitability. Review and approve major contracts, capital expenditures, and purchasing initiatives. Oversee inventory controls and ensure accuracy of physical inventory counts. Evaluate financial impact of operational initiatives and provide recommendations to improve performance. Support revenue management efforts through analysis of occupancy, ADR, RevPAR, and market trends. Accounting Oversight Oversee Accounts Payable, Accounts Receivable, Income Audit, Payroll, General Ledger, and Cash Management functions across all properties. Ensure timely and accurate billing, collections, aging review, and cash application processes. Review significant AP invoices, capital expenditures, and intercompany transactions. Ensure proper accounting treatment and documentation for all financial transactions. Maintain strong balance sheet integrity through detailed account reconciliation reviews. Team Leadership & Development Lead, mentor, develop, and evaluate property-level finance teams. Recruit, train, and retain top accounting talent across the portfolio. Promote a culture of accountability, teamwork, professionalism, and continuous improvement. Provide financial education and operational support to hotel department leaders. Drive standardization of processes and best practices throughout the portfolio. Requirements Bachelor's degree in Accounting, Finance, Business Administration, or related field. Minimum of 7–10 years of progressive hotel accounting and finance experience . Minimum of 3–5 years in a Director of Finance, Area Director of Finance, Controller, or Assistant Director of Finance leadership role within full-service hotels. Required experience with both Marriott and Hilton hotel brands. Strong knowledge of hotel accounting, budgeting, forecasting, internal controls, treasury management, and financial reporting. Comprehensive understanding of US GAAP and hospitality accounting practices. Proven experience managing multi-property finance operations. Strong leadership, communication, analytical, and organizational skills. Advanced proficiency with Excel and hotel financial systems. Preferred Experience with full-service, lifestyle, and convention hotel operations. Knowledge of M3, ProfitSword, or similar hospitality systems. Experience working directly with hotel ownership groups and asset managers. AVAILABILITY This company operates seven days a week, 24 hours a day. Generally, the position works Monday through Friday with hours varied based on business demand. At times it may be necessary to move you from your accustomed work day, to include Saturdays and Sundays, or time of work if business or task assignments demand. In addition, it should be understood that business needs determines the amount of hours that you work. COMPETENCIES Strategic Financial Planning Multi-Property Financial Management Hospitality Industry Expertise Forecasting & Budgeting Financial Analysis Internal Controls & Risk Management Leadership & Team Development Cash Flow Management Owner Relations Business Partnership & Influence Problem Solving & Decision Making #J-18808-Ljbffr