Job Description
Description
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. More than that, we know our Associates are the shining stars of what we do!
We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. 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. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright.
The 53 North Collection is searching for a Complex Director of Finance to lead the finance function for three independent boutique properties. This is a property-based position supporting The Matrix Hotel in downtown Edmonton and the Metterra and Varscona Hotels on Whyte Avenue. We are committed to providing you with:
Competitive wages (salary of 100-125K plus bonus based on experience)
An exceptional benefit plan for eligible associates & your family members
Flexible scheduling & paid time off programming to allow you to focus on what is important to you
Discounts with our Crescent managed properties in North America for you & your family members
WHAT YOU’LL BE DOING – JOB SPECIFICS
Acts as the “Chief Business Officer” to the general manager(s) and EC Team, and as such is responsible for evaluating 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. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
Monitor, manage and maintain property management leasing agreements with multiple vendors including commercial rental spaces.
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.
Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
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.
WHO YOU ARE - QUALIFICATION STANDARDS
Education & Experience:
A minimum of 4 years of experience in a Hotel Director of Finance position.
Degree or diploma in finance, accounting or a related field; preference will be given to those who also hold a CPA designation.
Demonstrated knowledge and accuracy in profit and loss (P&L) composition, forecast accuracy, budgeting, cash management, and overall financial management
Understanding of hospitality departmental operations
Knowledge of business law, federal, provincial, and local taxes, and employment regulations.
Ability to make sound decisions and exercise judgment in evaluating situations
Excellent leadership and communication skills.
Strong computer skills; experience with Profitsage, M3, and/or Birchstreet is preferred.
At Crescent Hotels & Resorts we strive to create a great place to work where associates at all levels of our organization are respected for their differences, just like the guests and owners we serve. That’s why we are dedicated to creating an environment that facilitates open and honest conversations about race, equity, diversity, and inclusion. By examining our own beliefs and behaviors, we can create change through training, recruiting, and promoting diverse talent to strengthen our culture.
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. More than that, we know our Associates are the shining stars of what we do!
We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. 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. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright.
The 53 North Collection is searching for a Complex Director of Finance to lead the finance function for three independent boutique properties. This is a property-based position supporting The Matrix Hotel in downtown Edmonton and the Metterra and Varscona Hotels on Whyte Avenue. We are committed to providing you with:
Competitive wages (salary of 100-125K plus bonus based on experience)
An exceptional benefit plan for eligible associates & your family members
Flexible scheduling & paid time off programming to allow you to focus on what is important to you
Discounts with our Crescent managed properties in North America for you & your family members
WHAT YOU’LL BE DOING – JOB SPECIFICS
Acts as the “Chief Business Officer” to the general manager(s) and EC Team, and as such is responsible for evaluating 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. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
Monitor, manage and maintain property management leasing agreements with multiple vendors including commercial rental spaces.
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.
Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
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.
WHO YOU ARE - QUALIFICATION STANDARDS
Education & Experience:
A minimum of 4 years of experience in a Hotel Director of Finance position.
Degree or diploma in finance, accounting or a related field; preference will be given to those who also hold a CPA designation.
Demonstrated knowledge and accuracy in profit and loss (P&L) composition, forecast accuracy, budgeting, cash management, and overall financial management
Understanding of hospitality departmental operations
Knowledge of business law, federal, provincial, and local taxes, and employment regulations.
Ability to make sound decisions and exercise judgment in evaluating situations
Excellent leadership and communication skills.
Strong computer skills; experience with Profitsage, M3, and/or Birchstreet is preferred.
At Crescent Hotels & Resorts we strive to create a great place to work where associates at all levels of our organization are respected for their differences, just like the guests and owners we serve. That’s why we are dedicated to creating an environment that facilitates open and honest conversations about race, equity, diversity, and inclusion. By examining our own beliefs and behaviors, we can create change through training, recruiting, and promoting diverse talent to strengthen our culture.
💡 Quick Summary
Seeking a career-building opportunity? The Complex Director of Finance / Controller position is now open for candidates interested in the Hotel Jobs sector. This role in Edmonton offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Hotel Jobs is a plus.
