Director of Finance

Transformation Hospitality Solutions; Needham (MA); On-site; USD 60,000 - 80,000; Full time

Job summary

A hospitality management company in Needham is seeking an experienced financial supervisor to manage the hotel finance department. The role involves supervising accounts, preparing financial reports, and developing budgets. Ideal candidates must demonstrate comprehensive knowledge of hotel operations, proficiency in Excel, and strong mathematical skills. Relevant college education and experience in hotel finance/accounting are required, making it essential for candidates to apply if they meet these minimum qualifications.

Qualifications

• Must have a comprehensive knowledge of hotel departments and functions.
• Exceptional mathematical and computer skills are necessary.
• Proficiency with Excel is required.

Responsibilities

• Supervise the financial department, including accounts receivable, accounts payable, auditing, payroll, and general accounting.
• Plan and implement financial procedures and systems.
• Prepare financial analysis and reports outlining the hotel’s financial position.
• Direct preparation of budgets and financial forecasts.
• Develop short- and long-term financial plans that support overall objectives.

Skills

Comprehensive knowledge of hotel departments and functions

Knowledge of M3, Profitsword & Lightspeed PMS

Mathematical skills

Computer skills

Proficiency in Excel

Education

College education and relevant training

Job description

Hotel finance/accounting experience a must.

Duties and Responsibilities

• Supervise the financial department, including accounts receivable, accounts payable, auditing, payroll, general accounting, and cashiers.
• Plan and implement financial procedures and systems.
• Prepare financial analysis of hotel operations.
• Prepare reports outlining hotel’s financial position in areas of income, expense, and earnings based on past, present, and future operations.
• Direct preparation of budgets and financial forecasts.
• Prepare governmental reports and handle all inquiries from governmental agencies, including the Internal Revenue Service.
• Maintain file of all contracts, insurance policies, tax reports, expenses, payroll, etc.
• Develop short‑ and long‑term financial plans for the hotel that support overall objectives.
• Prepare annual hotel budget.
• Monitor the performance of the hotel through verification and analysis of monthly financial reports.
• Participate in the Executive committee including sharing and communicating knowledge and by attending weekly or monthly meetings.

Requirements

• Must have a comprehensive knowledge of hotel departments and functions.
• Must have knowledge of M3, Profitsword & Lightspeed PMS preferred.
• Must have exceptional mathematical and computer skills.
• Must be proficient with Excel.
• College education and relevant training and experience required.