Area Director of Finance

Overview

Area Director of Finance

As the Area Director of Finance with HVMG, you’ll play a vital role in maintaining the financial health of two of our hotel operations. This role will support our General Managers in the preparation, review, and distribution of all financial statements.

• Resolve accounting issues and communicate proper procedures to hotels and to the centralized accounting staff.
• Work with internal and external auditors to complete audits as needed.
• Reviews, analyzes, modifies, and implements efficient and effective general accounting processes.
• Ensure all monthly Hotel Financial Statements are prepared in accordance with standards, reviewed for accuracy, and distributed in a timely manner.
• Review Profit & Loss Statements for accuracy. Review and research any entries or results that appear inaccurate, unexplained, or that creates significant variance with planned or historical results.
• Produce monthly financial reports in accordance with Hotel Management Agreement and HVMG established deadlines
• Assist Regional Controller with research as it relates to requests made by owners and other key stakeholders
• Work with takeover teams for the smooth transition of new properties into the system. This includes but is not limited to verifying accuracy of mapping, review of inherited balance sheet and bank accounts and bringing any open or unresolved issues to the Regional Controller within the first 90 days of transition.
• Work with Staff accountants to review and prepare monthly Balance Sheet reconciliations. Ensure reconciliations are accurately completed, fully supported and can be explained to key stakeholders. Post adjusting entries related to reconciliations in a timely manner.
• Produce weekly and monthly cash forecasts, ensure hotel has adequate funds at all times
• Review all accounts payable invoices at hotel level for reasonableness and accuracy before posting.
• Review payroll upload files at hotel level for accuracy before posting.
• Assist Regional Controller with fixed asset additions for proper coding and update depreciation schedules.
• Prepare and process for payment, all operational tax returns for the hospitality operations within their portfolio;
  Sales, Use, Transient Occupancy, Telecommunications, etc. All payments and reports must be paid and filed in accordance to the local municipalities deadlines to avoid late fees or penalties
• Work with the properties to maintain a Critical Date List database of all licenses, business permits, contracts, leases, and other legal obligations to ensure all are current and maintained in accordance to the appropriate documents. Monitor list quarterly to ensure there are expiring license or permits. Follow up with properties as needed.
• Reconcile CAM fees on an annual basis and communicate to tenants, ownership and third party managers any required changes.
• Review credit card fees and bank fees for reasonableness.
• Review credit card chargebacks on a monthly basis for reasonableness
• Implement annual property review procedure with GM’s to assure proper front office and POS system collections for sales and occupancy taxes.
• Identify, resource, lead and solve opportunities within the team and across the key systems to make accounting functions and processes more efficient for the company. These opportunities will (a) be within the Sage Intacct, Profit Sword, Sharepoint and other related platforms, (b) involve cost-effective outsourcing, process mapping and reengineering, and training delivery of identified accounting processes and tasks, (c) require becoming the company’s subject matter expert on one or more accounting topics, and (c) benefit corporate or property-level accounting tasks.
• Approach all encounters with clients and team members in a friendly, service-oriented manner.
• Maintain regular attendance in compliance with HV standards, as required by scheduling, which may vary according to the needs of the Accounting Department.
• Maintain high standards of personal appearance and grooming.
• Comply at all times with HV standards and regulations to encourage safe and efficient operations.
• Maintain a friendly and warm demeanor at all times.