Director of Finance

About the Role

The Director of Finance at Crescent Hotels & Resorts will lead financial operations for the hotel, providing strategic guidance to management and maintaining accurate and timely financial reporting. The role focuses on profitability, internal controls, regulatory compliance, and capital planning to safeguard owners' assets.

• Evaluate the financial impact on business decisions.
• Notify management promptly of any financial deviations from established policies and/or control weaknesses.
• Manage and communicate cash‑flow issues; prepare accurate and timely cash‑flow statements, manage receivables and deposits.
• Monitor revenues and expenses, ensuring accurate recording per Crescent Hotels & Resorts guidelines; investigate budget variances and recommend improvement strategies.
• Assist in capital‑planning calculations, bid monitoring, and evaluation of scope and specifications.
• Ensure compliance on all regulatory licenses, permits, leases, contracts, legal agreements, and operational taxes.
• Coordinate forecasts and budgets with the management team.
• Analyze financial data to advise management on achieving financial objectives.
• Reconcile all balance‑sheet accounts, including bank reconciliations.
• Establish and audit internal financial controls covering purchasing, cash handling, disbursements, credit, inventories, assets, payroll, and employee records.
• Recruit, hire, train, supervise, coach, counsel, and discipline finance staff, fostering growth and preparing future leaders.
• Maintain compliance with Crescent Hotels & Resorts standards and regulations to ensure safe and efficient hotel operation.
• Oversee IT system utilization, maintenance, and upgrades.
• Prepare and submit all financial reports in accordance with CHR requirements and meet due dates.
• Review and submit the Daily Revenue Report.
• Ensure timely deposit of all cash and transmission of credit card receipts.
• Analyze Labor reports for overtime and variance to forecast.
• Review departmental checkbooks and advise on necessary changes.
• Distribute and discuss weekly G/L reports with department managers.
• Update GM on any unfavorable financial issues impacting the month.
• Ensure sufficient cash to meet scheduled obligations.
• Reconcile balance sheet with proper backup.
• Count banks and main vault.
• Review the Key Financial Controls checklist for compliance.
• Compare actual numbers to forecast to improve future forecasting accuracy.
• Participate in monthly Credit meetings.
• Complete and review forecasts with Department Heads before submission.
• Perform any other job‑related duties as assigned.

• Minimum four years' experience as a Hotel Director of Finance.
• Demonstrated expertise in P&L composition, forecast accuracy, budgeting, cash management, and overall financial management.
• Prior experience with Marriott systems preferred.
• Advanced knowledge of Microsoft Office.
• Self‑starting personality with an even disposition.
• Strong communication skills.
• Ability to exercise judgment in evaluating situations and making sound decisions.

• Highly competitive compensation (salary range – $140,000–$160,000).
• Exceptional benefit plan for eligible associates and family members.
• 401(k) matching program for eligible associates.
• Discounts with Crescent‑managed properties in North America for associates and families.
• Discounts at Marriott brand properties worldwide.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. Refer to the Know Your Rights notice from the Department of Labor.