Head of Finance (Full-Time)

Director of Finance | Renaissance Honolulu
Job Category: Finance - Financial Analyst

Full-Time

On-site

Pay or shift range: $The estimated range is the budgeted amount for this position. At Crescent Hotels & Resorts, we are a team of hospitality professionals that are deeply connected to & proud of the exceptional experiences we provide for our guests. Whether it be our health & wellness programs, best in class learning and development or our travel discounts that ‘feed your inner explorer’, we work hard to create and deliver on what YOU need. Discounts at Marriott brand properties worldwide

The Director of Finance is responsible for providing ethical and consistent leadership in the financial area of the hotel by supplying management with guidance, training, support and is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.

Evaluate the financial impact on business decisions.

Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.

Effectively manage and communicate cash flow related issues, as required to management and ownership. This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.

Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Crescent Hotels and Resorts established guidelines. Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.

Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.

Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.

Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.

Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.

Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting, reviewing, recommending and maintaining an inventory of qualified and promotable Associates that can potentially become Controllers, Assistant Controllers, Accounting Managers, and other managers for the organization.

Continually focus on training and development programs for finance associates to cultivate the “brightest” and “best” talent within the industry.

Hire, train, supervise and develop staff, including coaching, counseling and discipline.

Maintain compliance with Crescent Hotels and Resorts standards and regulations to ensure safe and efficient operation of the hotel.

Ensure proper utilization, maintenance and periodic upgrades of all IT systems and equipment.

Direct and/or prepare all financial reports in accordance with CHR requirements meeting various due dates and deadlines.

Ensure timely deposit of all cash and transmission of Credit Cards.

Review Labor Report for overtime and any variance to Forecast.

Distribute and discuss weekly G/L report with department managers.

Update GM on any unfavorable financial issues impacting the month.

Ensure there is sufficient cash to meet all scheduled obligations.

Ensure that all banks are counted.

Review “Key Financial Controls” Checklist to ensure adherence and compliance.

Participate in the monthly Credit Meeting.

A minimum of FOUR years' experience as a Hotel Director of Finance.

Demonstrated knowledge and accuracy in P&L composition, forecast accuracy, budgeting, cash management, and overall financial management that exceeds owner expectations.

Advanced knowledge of Microsoft Office.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. J-18808-Ljbffr Crescent Hotels & Resorts