Title: Director of Finance
Position Summary
The Director of Finance is responsible for performing and managing accounting functions such as timely financial reporting, analysis and balance sheet reconciliations.
Position Duties and Responsibilities
• Supports and performs the following tasks
o As part of the month end close process, prepares journal entries, worksheets, reconciliations, and other schedules to ensure that transactions are recorded in accordance with GAAP.
o Prepares monthly financial statements (income statement, balance sheet, cash flow statement, and department schedules) for hotel properties.
o Prepares variance analysis for income statements.
o Reconciles hotel balance sheet accounts on a monthly basis.
o Reviews transactions and makes recommendations for accruals and deferrals.
o Reviews, codes and submits invoices to hotel or corporate AP team members for processing.
o Reviews and approves purchase orders and invoices in Accounts Payable System (BirchStreet) – verifies property and account coding is in accordance with Uniform System of Accounts for Hotels.
o Communicates with hotel vendors to reconcile statements and ensure invoices are paid in a timely manner.
o Assists with periodic income statement forecasts and annual budgets.
o Supports and trains new hotel team members on related hotel accounting processes and systems.
• Reviews and files sales & occupancy tax reports for city, county, state
• Reconciles hotel fixed asset and long-term liability accounts monthly.
• Records periodic depreciation and amortization entries.
• Reviews daily reporting provided by the hotel property accountants and the staff accountants. Investigates discrepancies and makes recommendations for corrective action to accounting and operational managers.
• Prepares hotel weekly check runs for payment processing.
• Prepares journal entries, worksheets, reconciliations, and other schedules for corporate/above hotel entities to support income tax filings.
• Prepares reconciliations of bank accounts on a daily and monthly basis.
• Monitors when escrow draws from hotel restricted cash escrow accounts are required and supplies appropriate documentation to procure funds.
• Supports and performs internal audits as needed.
• Works closely with on-property management team on year- end audits and review.
• Prepares schedules for external audit and communicates with external auditors.
• Reconciles and balances hotel intercompany accounts to corporate intercompany accounts.
• Assists with new hotel openings from an accounting standpoint.
• Serves as a point of contact for internal operations.
• Assists with system conversions.
• Other duties as assigned.
Knowledge and Skills
• Ability to communicate with others, identify problems and resolve potential conflicts.
• Must be able to set priorities, plan, organize and accomplish tasks, often within strict time limitations and work well independently.
• Possess excellent computer skills with working knowledge of spreadsheets, word processing, database software and the internet.
• Willing to travel as needed for task force or internal audit purposes.
• Ability to move throughout the premises and visually inspect conditions requiring bending, stooping, and reaching arms overhead.
Qualifications
• Bachelor’s Degree in Accounting or finance or a combination of education and industry accounting experience that provides the required knowledge, skills, and abilities.
• Three to five years of experience in a position of responsibility in hotel accounting environment.
• Multi-property experience preferred.
• Nimble experience preferred.
• Nimble system experience a plus.
• Marriott (Fosse, FSPMS) property management system experience preferred.
• FAS fixed asset software experience a plus.
• CPA is a plus.
BENEFITS:
- Health Insurance
- Dental Insurance
- Vision Insurance
- 401 K