Director of Finance

JOB SUMMARY

The Director of Finance functions as the property's strategic financial business leader. This position provides continuous leadership and guidance in all matters relating to the financial operation of the Hotel/Resort by providing accurate and timely financial reports to assist management in the decision‑making process, maintaining acceptable internal control procedures designed to safeguard owners/investors assets, and ensuring compliance with all Federal, State and Local regulations.

• Manages the accounting department to ensure optimal efficiency of financial operations and adherence to LDHG's commitment to the management contract.
• Directs and prepares all financial reports, ledger reviews, and forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision‑making and budget preparation processes.
• Establishes and oversees all internal financial controls including purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll, and employee records to ensure policies are enforced according to LDHG standards.
• Develops, implements, and monitors financial strategies, budgets, and forecasts to drive profitability and achieve financial goals.
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
• Thinks creatively and practically to develop, execute, and implement new business plans.
• Participates in the creation of the annual operating budget for the property.
• Provides analytical support during budget reviews to identify cost‑saving and productivity opportunities for property managers.
• Implements a system of appropriate controls to manage business risks.
• Ensures a strong accounting and operational control environment to safeguard assets, and improve operations and profitability.
• Establishes and maintains robust internal control procedures to safeguard assets and ensure compliance with financial regulations and standards.
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision‑making; demonstrates honesty/integrity; leads by example.
• Communicates the strategic goals, the focus, and the Owner's and LDHG's priorities in a clear and precise manner.
• Leverages strong functional leadership and communication skills to influence the executive team and property managers.
• Oversees internal, external, and regulatory audit processes.
• Facilitates critique meetings with department heads to review information with the management team.
• Attends meetings and communicates with the Management Team and Owners, understanding the priorities and strategic focus.
• Advises the GM and Executive Committee on existing and evolving operating/financial issues.
• Prepares monthly cash flow forecast, balance sheet reconciliations and bank reconciliations.
• Negotiates and monitors contracts with hotel vendors.
• Monitors and approves all sales, purchases, salaries, and expenses of the hotel.
• Ensures profits and losses are documented accurately.
• Ensures compliance with all Generally Accepted Accounting Principles (GAAP).
• Monitors all taxes that apply, ensuring that all taxes are current, collected and/or accrued (e.g., local/state/federal).
• Reconciles balance sheets monthly to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
• Serves as a member of the Hotel Executive Committee.
• Verifies the accuracy and timeliness of all finance functions: daily and month‑end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.
• Completes comprehensive month‑end close including preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, ensuring proper tax reporting, and analyzing profit performance.
• Adheres to Company standards and maintains compliance with all policies and procedures.
• Performs other related duties as…