Director of Finance

REPORTS TO:

Chief Accounting Officer

JOB DESCRIPTION:

Oh So Original, Inc. is seeking an experienced Director of Finance to oversee

the accounting and payroll departments of hotel properties. The Director of Finance will

provide day-to-day guidance to the team and ensure a timely and accurate reporting of the

monthly financial statements to the Executive Team.

Schedule and coordinate the preparation and presentation of the annual operating

budget.

Prepares monthly hotel financial statement package in accordance with USALI and

Generally Accepted Accounting Principles.

Ensure entries required for preparation of the financial statements are completed by

the accounting team. Review statements for inaccurate data and make corrections

within the following period.

Present monthly financial statements with actual vs budget variance, and current period

vs prior period variance, to the Executive Team. Manage communication across

departments to obtain variance explanations.

Ensure accounting records are in accordance with USALI and GAAP.

Provide guidance and oversight to the Property Controller and work closely with the

hotel accounting team.

Ensure bank reconciliations are completed daily and maintain effective cash control

systems with internal audits and reports.

Review payroll entries for accuracy.

Prepare labor cost and hospitality specific analysis as requested. Formulate practical

solutions from cost vs benefit viewpoint.

Monitor cash positions and ensure cash forecast is completed on a weekly basis.

Ensure teams are following the month-end close process and accounts are properly

reconciled. Alert CAO to inconsistencies and issues.

Review Accounts Receivable Aging monthly ensuring timely collection and

understanding of late accounts.

Review Accounts Payable Aging ensuring vendor payments and understanding of vendor

issues.

Work with Department Managers to control inventory balances according to established

realistic par levels.

Review security over assets and audit inventories.

Assist managers in analyzing financial statements and meeting budgets.

Ensure compliance with financial and accounting practices, procedures, and policies.

Understanding of all pertinent leases, contracts, agreements, covenants, and

restrictions.

Knowledge of City, County, State sales tax laws and laws dealing with innkeepers,

liquor, and labor.

Skilled at correcting deficiencies on internal audits and issues that arise.

Establish an effective cross training program within the department.

Perform special projects as assigned.

B.S. in Accounting or Finance

10+ years’ experience in Hospitality related Finance and Accounting

Comprehensive knowledge of USALI and GAAP

Experience with Fairmas or similar budgeting and forecasting application

Experience with Opera Cloud or similar property management system

Experience with Net Suite or similar accounting, payroll and timekeeping system

Strong analytical and problem-solving skills

Strong leadership and managerial skills

Strong organizational skills that reflect ability to perform and prioritize multiple tasks

seamlessly with tact and diplomacy

Excellent ability to communicate clearly, effectively, and with proper professionalism

Excellent writing skills and exceptional attention to details

Self-motivated, disciplined and flexible with ability to adapt to change

Commitment to high professional ethical standards

Impeccable ability to maintain confidentiality

Source:
Oh So Original