Director of Finance / Controller
The Abbey Resort
Candidate Profile Education and Experience: The successful candidate will have a minimum of 5 years' experience in Accounting. Experience in hotel accounting environment, preferably in a unionized hotel preferred. Successful candidate will also have four year college degree in Accounting with emphasis in Finance, Accounting or Business Management.
What's in it for you...
What's in it for you...
- Insurance enrollment available from DAY 1!
- Paid time off available from DAY 1!
- Holiday pay available from DAY 1!
- 401(k) enrollment after 30 days!
- Hotel and travel discounts at worldwide destinations!
- Professional development and promotion opportunities!
- Lead all financial operations for the hotel, ensuring alignment with ownership, management company, and brand objectives.
- Serve as a trusted advisor to the General Manager and Executive Committee on all financial matters.
- Develop annual operating budgets, capital budgets, forecasts, and long-range strategic financial plans.
- Prepare monthly variance analyses and identify opportunities to improve revenue, productivity, cost controls, and overall profitability.
- Analyze financial results and operational performance to ensure achievement of financial goals and objectives.
- Ensure the accurate and timely preparation of all financial statements in accordance with Generally Accepted Accounting Principles (GAAP), management company standards, and ownership requirements.
- Review and approve balance sheet reconciliations, bank reconciliations, and general ledger accounts.
- Oversee month-end and year-end closing processes.
- Monitor daily operating reports and ensure the accuracy of all financial reporting.
- Manage the preparation and presentation of financial information for ownership reviews and executive leadership meetings.
- Effectively manage and communicate all cash flow related matters.
- Oversee accounts receivable, accounts payable, cash balances, banking relationships, and investment of operating funds.
- Ensure timely collection of receivables and proper management of payables.
- Safeguard hotel assets through strong financial controls and accountability measures.
- Monitor hotel operating forecasts and capital expenditures to ensure optimal financial performance.
- Establish, monitor, and continually audit internal controls related to:
- Purchasing
- Cash handling
- Payroll
- Disbursements
- Inventory controls
- Fixed assets
- Employee records
- Master keys and security procedures
- Ensure compliance with all federal, state, and local regulations.
- Maintain all required licenses, permits, leases, contracts, and legal agreements.
- Oversee tax compliance, including sales, use, occupancy, and payroll taxes.
- Coordinate internal and external audits and provide timely responses to auditors and ownership representatives.
- Partner with department leaders to improve financial performance and operational efficiency.
- Assist management teams in developing action plans to address financial opportunities and challenges.
- Provide financial training and guidance to department heads regarding budgeting, forecasting, labor management, and expense controls.
- Participate in strategic planning initiatives and capital investment decisions.
- Lead, mentor, and develop the Accounting and Finance team.
- Recruit, train, and retain high-performing associates.
- Conduct performance evaluations, coaching, counseling, and disciplinary actions as necessary.
- Foster a culture of accountability, collaboration, and continuous improvement.
- Accounts Receivable Aging Reports
- Accounts Payable Aging Reports
- Flash Reports
- Payroll Analysis
- Revenue Updates
- Cash Position Reports
- Financial Statements
- Forecast Reports
- Cash Flow Analysis
- Key Performance Metrics
- Variance Reports
- Balance Sheet Reconciliations
- Operating Budgets
- Capital Budgets
- Five-Year Strategic Plans
- Five-Year Capital Expenditure Plans
- Annual Audit Preparation
- Bachelor's degree in Finance, Accounting, Business Administration, or related field.
- Minimum of 7 years of progressive hospitality finance and accounting experience .
- Minimum of 3 years in a Hotel Controller or Director of Finance role within a full-service hotel or resort environment.
- Experience leading and developing teams of four or more associates.
- Strong knowledge of hotel accounting practices, financial controls, forecasting, budgeting, and cash flow management.
- Excellent analytical, organizational, and problem-solving skills.
- Exceptional verbal and written communication abilities.
- Advanced proficiency in Microsoft Excel, Microsoft Office Suite, and hotel financial systems.
- CPA, CMA, MBA, or other related professional certification.
- Preferred Experience with Marriott-branded hotels, Autograph Collection properties, or luxury hospitality environments.
- Experience working with ownership groups, asset managers, and management companies.
- Preferred Knowledge of ProfitSword, and hotel PMS systems.
Vacancy posted 3 days ago
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