Financial Director

Job highlights
Identified by Google from the original job post
Qualifications
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
Self-starting personality with an even disposition
Strong communication skills
Must have strong computers and training skills
Must have knowledge of departmental operations
Must have knowledge of business law; federal, state and local taxes; as well as Department of Labor regulations
Must have knowledge of insurance, employee benefits, insurance and workers’ compensation claims and liability
Ability to exercise judgment in evaluating situations and in making sound decisions
Responsibilities
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
Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management
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 management team
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
Review and submit a Daily Revenue Report
Ensure timely deposit of all cash and transmission of Credit Cards
Review Labor Report for overtime and any variance to Forecast
Review departmental Checkbooks and advise of any needed changes
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
Reconcile Balance Sheet with proper back up
Ensure that all banks are counted
Count the main vault
Review “Key Financial Controls” Checklist to ensure adherence and compliance
Review actual numbers to forecast to find discrepancies in forecasting to improve accuracy in future months
Participate in the monthly Credit Meeting
Actively participate, complete and review the forecast with Department Heads prior to submission
Job description
The Westin Tempe is seeking a Director of Finance to oversee the financial operations of our renowned property! 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!

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.

Responsibilities
• 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. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
• 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 management team.
• 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.
• Review and submit a Daily Revenue Report.
• Ensure timely deposit of all cash and transmission of Credit Cards.
• Review Labor Report for overtime and any variance to Forecast.
• Review departmental Checkbooks and advise of any needed changes.
• 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.
• Reconcile Balance Sheet with proper back up.
• Ensure that all banks are counted.
• Count the main vault.
• Review “Key Financial Controls” Checklist to ensure adherence and compliance.
• Review actual numbers to forecast to find discrepancies in forecasting to improve accuracy in future months.
• Participate in the monthly Credit Meeting.
• Actively participate, complete and review the forecast with Department Heads prior to submission.

Qualifications
• 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.
• Prior experience with Marriott systems is preferred.
• Advanced knowledge of Microsoft Office.
• Self-starting personality with an even disposition.
• Strong communication skills.
• Must have strong computers and training skills.
• Must have knowledge of departmental operations.
• Must have knowledge of business law; federal, state and local taxes; as well as Department of Labor regulations.
• Must have knowledge of insurance, employee benefits, insurance and workers’ compensation claims and liability.
• Ability to exercise judgment in evaluating situations and in making sound decisions.

United States
Arizona
Tempe Show on map Get directions