Hotel Director of Finance

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The Director of Finance works collaboratively with other departments to ensure financial goals are met while maintaining compliance with regulatory standards and internal policies.

Key Responsibilities:

• Develop and implement comprehensive financial plans, including annual budgets, forecasts, and long-term financial strategies.
• Conduct financial analysis to identify trends, opportunities, and potential risks, providing actionable insights to senior management.
• Monitor financial performance against budget and forecasts, adjusting strategies as needed to achieve financial objectives.
• Prepare accurate and timely financial reports for internal and external stakeholders, including monthly financial statements, variance analysis, and financial forecasts.
• Ensure compliance with all relevant accounting standards, tax regulations, and internal control procedures.
• Coordinate with external auditors to facilitate the annual audit process and ensure compliance with audit requirements.
• Manage cash flow effectively, including monitoring receivables, payables, and cash reserves to optimize liquidity and working capital.
• Implement strategies to minimize financial risks and maximize returns on investments.
• Oversee the preparation and distribution of payroll, ensuring accuracy and compliance with labor regulations.
• Supervise the finance team, providing leadership, guidance, and mentorship to ensure high performance and professional development.
• Review and approve financial transactions, including accounts payable, accounts receivable, and payroll processing.
• Collaborate with department heads to analyze financial implications of operational decisions and identify opportunities for cost optimization.
• Participate in strategic planning initiatives, providing financial expertise and insights to support decision-making processes.
• Evaluate investment opportunities and capital projects, conducting cost-benefit analysis and ROI assessments.
• Support business development efforts by providing financial analysis and projections for potential ventures or expansions.

(This may not be inclusive of all assigned duties, responsibilities, or aspects of the job described, and may be amended at any time.)

¿What are we looking for?

· Bachelor's degree in accounting or finance.

· Minimum of five (5) years of related progressive experience in hotel Accounting or related.

· Must have prior Financial Controller or Director of Finance experience in the hotel Industry .

·Detail-oriented with a commitment to accuracy and integrity in financial reporting and compliance.

· Computer literacy required and Spreadsheet knowledge required.

· Strong leadership, management, and organizational skills.

· Strong knowledge of financial principles, practices, and regulations.

· Proficiency in Microsoft Office Suite.

· Proficiency in M3 hotel accounting software preferred.

· Fully bilingual (English & Spanish)

Job Type: Full-time

Benefits:

• Dental insurance
• Health insurance

Supplemental pay types:

• Bonus opportunities

Ability to Relocate:

• San Juan, PR: Relocate before starting work (Required)

Work Location: In person