Director of Finance

Bayview Hospitality Inc.; Toronto; On-site; CAD 120,000 - 200,000; Full time

Job summary

A premier hospitality management company in Toronto is seeking a Director of Finance to lead financial operations and strategy. The ideal candidate will have extensive experience in the hotel industry, a strategic mindset for financial planning, and strong leadership abilities to foster a dynamic finance team. Responsibilities include overseeing financial management, developing strategies, and ensuring compliance with regulations. This role offers a competitive salary and comprehensive benefits including dental care and paid time off.

Benefits

Dental care

Discounted or free food

Extended health care

Life insurance

On-site parking

Paid time off

RRSP match

Vision care

Qualifications

• Proven experience in the hotel industry & corporate finance.
• Excellent analytical skills with attention to detail.
• Strong communication and negotiation skills.

Responsibilities

• Oversee all aspects of financial management.
• Develop and implement financial strategies.
• Lead the budgeting process.

Skills

Financial analysis

Leadership

Budget management

Risk assessment

Strategic planning

Communication

Education

Bachelor's Degree

Tools

Financial software

Job description

Job Summary

We are seeking an experienced and strategic Director of Finance to lead our financial operations and drive the financial strategy of the organization. The ideal candidate will possess a strong background and understanding of the Uniform System of Accounts for the Lodging Industry and financial reporting, with proven leadership skills to manage a dynamic finance team. This role is pivotal in ensuring the financial health of the organization through effective budgeting, risk management, and cost control.

Responsibilities

• Oversee all aspects of financial management including accounts payable, accounts receivable, bookkeeping, and accounting functions.
• Develop and implement financial strategies that align with business objectives and promote growth.
• Lead the budgeting process, ensuring accurate forecasting and resource allocation.
• Conduct risk analysis and manage risks associated with investments and financial operations.
• Ensure compliance with financial regulations and standards while maintaining robust internal controls.
• Manage account reconciliation processes to ensure accuracy in daily, monthly and annual financial reporting.
• Collaborate with senior leadership to support business development initiatives through sound financial planning.
• Provide leadership in best practices, adoption of technology and mentorship to the finance team, fostering a culture of continuous improvement.

Experience

• Proven experience in the hotel industry & corporate finance, accounting, or related fields with a strong understanding of financial services.
• Demonstrated expertise in budgeting, cost management, risk analysis, and risk management practices.
• Strong leadership skills with experience managing teams effectively.
• Familiarity with investment strategies and their implications on overall business performance is preferred.
• Excellent analytical skills with a keen attention to detail in all aspects of financial reporting and decision-making processes. This position offers an exciting opportunity for a finance professional looking to make a significant impact within our organization while leading a talented team towards achieving our strategic goals.
• Strategic thinker with the ability to formulate effective goals, objectives and priorities with a long term perspective
• Strong communication and negotiation skills (all levels of management and external customers)
• Financial and operational analytical skills (operational analysis)
• Knowledge of departmental and hotel operations
• Ability to exercise judgment in evaluating situations and in making sound decisions
• Ability to analyze and interpret financial data
• Leadership and organizational skills (team orientation, flexible, adaptable)
• Ability to analyze large volume of complex financial information from many sources and create reports, forecasts projections
• Advises the GM's on existing and evolving operating/financial issues.

Leading Finance & Accounting Teams

• 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 priorities to subordinates in a clear and precise manner.
• Leverages strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team.
• Oversees internal, external and regulatory audit processes.
• Provides excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.
• Conducts annual performance appraisals with direct reports according to Standard Operating Procedures

Job Type: Full-time

Pay: $120,000.00-$200,000.00 per year

Benefits:

• Dental care
• Discounted or free food
• Extended health care
• Life insurance
• On-site parking
• Paid time off
• RRSP match
• Vision care

Ability to commute/relocate:

• Toronto, ON M5G 1R3: reliably commute or plan to relocate before starting work (required)

Education:

• Bachelor's Degree (preferred)

Experience:

• hotel industry : 3 years (required)

Language:

• English (required)

Licence/Certification:

• Accounting Designation (preferred)

Work Location: In person