Assistant Director of Finance

Job Description Summary The Assistant Director of Finance sets the tone for Sonesta’s Culture of Caring. We expect leaders to focus on creating amazing moments for guests and team members and dig deep to find ways to create success for their team. Responsibilities Ensure compliance with company policies and local standard operating procedures. Assist in the completion of timely and accurate annual budget and periodic forecasts. Prepare accurate, timely and complete monthly financial statements with detailed workpapers and schedules in accordance with the company’s policies and procedures, applicable hotel management agreements, Generally Accepted Accounting Principles (GAAP) and the Uniform System of Accounts for the Lodging Industry (USALI). Develop and implement local accounting and financial control procedures and systems to ensure compliance with Sarbanes‑Oxley (Sox) 404 key controls, safeguard assets, improve operations and profitability. Responsible for risk management to preserve hotel property and reduce potential liability claims. Manage and control receivables, payables, credit, payroll, cash handling and treasury functions with the hotel’s accounting department staff. Develop, implement and monitor hotel-specific A/R Responsibility Matrix and credit and collection practices in compliance with company‑level policies and procedures. Distribute outlook and forecast information as an up‑to‑date management tool for operating departments, review and analyze variance versus actual results to measure and improve accuracy. Collaborate with department managers to provide clear explanations for budget and forecast variances, along with commentary on financial discrepancies. Maintain insurance coverage for protection against property losses and potential liabilities. Use financial and operational performance analysis, including benchmarking, to maximize hotel’s revenue, GOP flow‑through and bottom‑line financial return. Assist operations to improve the accuracy of work schedules and set labour standards to maximize productivity. Monitor and accurately measure actual labour usage versus labour standards to ensure timely reporting and decision‑making. Comply with record retention as required for internal and external audits, coordinate audit visits and respond to auditor requests. Ensure compliance with government regulations, federal, state and local laws and contractual agreements. Perform any other job‑related duties as assigned. Strategy and Planning: Set departmental goals and strategy to align to company mission. Provide leadership by clearly communicating financial concepts when rolling out initiatives and projects, measures and reports on actual versus anticipated results. Develop a strong business relationship with owners by understanding priorities and strategic focus, attending and participating in meetings, addressing owner requests and initiatives, and demonstrating a comprehensive understanding of the terms and provisions of hotel management agreements. Ensure that all licences, permits, contracts and legal agreements are up to date. Managing your Team: interview, train, and promote Finance department staff. Provide constructive and consistent feedback and recommend disciplinary action when appropriate. Ensure team members receive proper training applicable to their position and career aspirations in accordance with company policy. Responsible for monitoring, measuring and recognizing performance of team members who directly report to the role and indirect reports. Support, comply and promote company initiative, policies and guidelines. Handle employee issues in a professional and timely manner. Leading with Passion: Responsible for ensuring success through the eyes of employees, guests, and owners. Promote teamwork and quality service to all stakeholders including guests, vendors, Accounting staff, regulatory agencies and owners. Utilize and collaborate with resources across different departments and corporate office. Capable of influencing employees to perform to their highest standard and establishing a trusting environment to enrich the culture. Focus on the mission and well‑being of the department, hotel, and company as a whole. Lead by example and operate with integrity and respect. Inspire your team to embrace and demonstrate our values and GUEST People Standards. Qualifications Bachelor’s degree in Accounting/Finance or equivalent required. 3+ years’ experience in accounting in a hotel environment. Demonstrated progressive career growth and a pattern of exceptional performance. Track record of delivering exceptional guest and client experience. Demonstrable expertise in analysis and action taking. Demonstrate ability to interact with customers, employees and third parties that reflects highly on the hotel, the brand and the company. Excellent verbal and written communication skills. Excellent interpersonal and customer service skills. Excellent organisational skills and attention to detail. Strong analytical and problem‑solving skills. Strong supervisory and leadership skills. Ability to prioritise and organise work assignments. Extensive knowledge of hotel and hospitality industry. Proficient with Microsoft Office Suite or related software. Work Environment Majority of work takes place indoors in an office environment. The person in this role may be exerting up to 50 pounds of force occasionally, and/or 20 pounds of force frequently or constantly. The person in this role may be carrying, lifting or pulling items weighing up to 50lb. The person in this role will be frequently standing up, bending, climbing, kneeling, and moving about the hotel. Must be flexible to work variable days of the week. Pay Range $95,000 – $105,000 annual base pay offered may vary depending on various factors including but not limited to job related knowledge, skills and job specific experience/overall experience. Benefits Medical, Dental and Vision Insurance Health Savings Account with Company Match 401(k) Retirement Plan with Company Match Paid Vacation and Sick Days Sonesta Hotel Discounts Educational Assistance Paid Parental Leave Company Paid Life Insurance Company Paid Short Term and Long Term Disability Insurance Various Employee Perks and Discounts Hospital Indemnity Critical Illness Insurance Accident Insurance Equal Opportunity Employer Sonesta is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. #J-18808-Ljbffr