Director of Finance

Job Description Summary

As the properties' strategic financial business leader, the Director of Finance is responsible for creating and executing business plans that are aligned with the property's and brand's business strategy. Functions include planning, organizing, directing, and controlling the financial operations of the hotel while ensuring the security of hotel assets, maximizing the return on investment, and providing timely and accurate reporting and analysis of results and integrity of the management information systems in a decentralized accounting environment.

The Director of Finance reports directly to the General Manager of the assigned home hotel and serves on the hotel’s Executive Committee. The role is highly visible with exposure to Senior Corporate leaders and Asset Managers of owning entities.

• Ensure compliance with Company policies, local and standard operating procedures.
• Recruit, manage, and Develop accounting staff, including salary and disciplinary actions, and initiate talent development and cross‑training programs.
• Lead the completion, review, and presentation of monthly forecasts, annual operating and capital budgets, and business plans prepared by hotel management teams.
• Prepare accurate, timely, and complete monthly financial statements with detailed work papers and schedules in accordance with Company policies, GAAP, and USALI.
• Develop and implement local accounting and financial control procedures and systems to ensure SOX 404 key controls compliance, safeguard assets, and improve operations and profitability.
• Build strong business relationships with owners, understanding priorities and strategic focus, and addressing owner requests and initiatives.
• Manage risk to preserve hotel property and reduce potential liability claims.
• Ensure compliance with all federal, state, and local laws and fiscal regulations, including license and permit requirements.
• Manage and control receivables, payables, credit, payroll, cash handling, and treasury functions.
• Develop, implement, and monitor hotel-specific A/R Responsibility Matrix and credit and collection practices in compliance with Company-level policies.
• Complete formal performance appraisals and provide coaching, constructive feedback, and progressive discipline when needed.
• Provide analytical support to identify cost-saving and productivity opportunities for the properties' managers.
• Distribute Outlook and forecast information, review variance versus actual results, and measure and report on actual versus anticipated results.
• Monitor economic, social, and governmental trends and policies to keep stakeholders apprised of any impact on the hotel’s financial objectives.
• Collaborate with department managers to explain variances to budget and use financial performance analysis and benchmarking to maximize revenue, GOP flow‑through, and bottom‑line return.
• Assist operations in improving scheduling accuracy, setting labor standards, and measuring labor usage versus standards.
• Ensure adequate communication and compliance of hotel personnel with the Company Code of Ethics.
• Co‑ordinate audit visits, respond to auditor requests, and maintain compliance with record retention and government regulations.
• Monitor purchasing, ordering, and delivery compliance, and analyze reports from Company‑mandated buying programs.
• Maintain adequate insurance coverage and provide certificates of insurance (COI) to third‑party contractors.
• Ensure timely and accurate reporting to insurance carriers of all incidents with potential liability or property claims.
• Ensure timely and accurate sales, use, and occupancy tax returns, and prepare compliance filings.
• Serve as a member of assigned hotels’ Executive Committees.
• Interact effectively with people of varying abilities and diverse cultural, ethnic, and socioeconomic backgrounds.
• Promote teamwork and quality service to all stakeholders, including guests, vendors, accounting staff, regulatory agencies, and owners.
• Perform additional administrative duties such as negotiating, monitoring, and tracking expiration and renewal dates of hotel contracts, space and tenant leases, etc.