Assistant Director of Finance

Assistant Director of Finance

Requisition :

Category: Accounting/Finance

Job Location: US-NY-New York

Property: Park Central Hotel

Compensation: USD $/Yr. – USD $/Yr.

Highgate Hotels is a leading real estate investment and hospitality management company with over $15 billion of assets under management and a global portfolio of more than 400 hotels spanning North America, Europe, the Caribbean, and Latin America. With a 30-year track record as an innovator in the hospitality industry, this forward‑thinking company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition.

Highgate continues to demonstrate success in developing a diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts, featuring contemporary programming and digital acumen. The company utilizes industry‑leading revenue management tools that efficiently identify and predict evolving market dynamics to drive out performance and maximize asset value. With an executive team of seasoned hospitality leaders and corporate offices worldwide, Highgate is a trusted partner for top ownership groups and major hotel brands.

Midtown convenience. Classic hospitality. Complete comfort. A celebrated past. It all comes together at the Park Central New York Hotel – located squarely amidst New York's most popular sights and hotels in Midtown Manhattan. Our mix of exciting amenities pay homage to our glamorous past, while presenting a modern spin on the hotel's electrifying environment. Guests will delight in escaping the hectic city life to bask in the stylish Park Central New York.

The Assistant Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by supplying the accounting staff with guidance and training. He/she is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels on internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.

• Assist Director of Finance in timely preparation of monthly financial statements for the property
• Prepare, monitor, and accurately record hotel revenues daily by preparation of the Income Journal; identify all variances to budget and last year
• Monitor and control hotel operations, cash flow and operating forecasts for the property
• Under guidance of Director of Finance, maintain timely interaction with Department Heads to assure that property operations are on track and under control at all times
• Prepare monthly bank reconciliations and general ledger account reconciliations for the property
• Supervise accounting department staff
• Ensure compliance with Highgate Accounting Policies and Procedures and internal controls for finance and accounting operations
• Effectively manage and communicate related issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotel's established guidelines; investigate and critique variances to budget or prior year and offer practical improvement methodologies to management
• Analyze financial data and operations to assist Director of Finance and advise Department Heads in maintaining the hotel’s financial objectives
• With supervision of Director of Finance, hire, train, supervise, and develop staff, including coaching, counseling and discipline
• Prepare any special reports, statements, etc., as requested
• Complete other special projects and responsibilities as assigned

• Bachelor’s Degree, preferably in Accounting
• Strong PC skills including Excel, Word, and financial accounting systems
• Strong organizational, analytical, verbal, and written communication skills
• Long hours and sometimes required
• Hospitality‑related financial management and accounting experience desirable