Director of Finance

The William Vale; New York (NY); On-site; USD 145,000 - 160,000; Full time

Job summary

The William Vale in New York seeks a Director of Finance to lead the Finance team and safeguard the hotel’s long-term financial health. The ideal candidate combines strong food & beverage and hotel operations experience to drive profitability.

Responsibilities include direct oversight of all financial operations, GAAP compliance, and partnership with ownership on strategic planning. The role requires leadership, integrity, and a focus on guest experience.

Qualifications

• 8+ years’ experience in hospitality finance management, including 3 years in a leadership role.
• College Degree in Finance or related degree required.
• Working knowledge of local financial practices and taxation; work experience in country required.
• Must be able to maintain confidentiality of information.
• Ability to work flexible hours.

Responsibilities

• Direct and administer all financial operations of the hotel including asset protection, financial reporting, systems management, budgeting and forecasting.
• Ensure compliance with GAAP across the organization.
• Oversee accounts receivable, accounts payable, payroll, cash handling, purchasing and receiving.
• Monitor and approve all sales, salaries and expenses to maximize hotel profitability.
• Counsel department heads on interpretation of financial data and action plans.

Skills

Financial leadership

Strong communication

Strategic thinking

Budgeting & forecasting

Education

Bachelor's degree in Finance or related field

Tools

Microsoft Office

Infor-HMS

ADP

Birchstreet

M3 Accounting Core

Job description

Description

The William Vale aims to blend the authenticity of the Williamsburg neighborhood with a forward-thinking approach to the hospitality experience. The William Vale offers a comfortable contemporary atmosphere combined with intuitive design and modern comfort – we pride ourselves on offering warm hospitality to all.

We understand that for our Colleagues to give their best work, we must meet (and exceed!) their expectations as an employer. We promote a culture of respect, diversity, career growth and fun. Success awaits motivated individuals who join our team.

Overview

The Director of Finance provides leadership and direction to the entire Finance team while ensuring the long-term financial health and growth of the hotel. The ideal candidate has strong food & beverage experience as well as hotel experience.

Responsibilities

Finance Operations

Direct and administer all financial operations of the hotel to include, but not limited to, asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.

Ensure compliance with all Generally Accepted Accounting Principles (GAAP)

Oversee all aspects of accounts receivable, credit, accounts payable, income audit, payroll, cash handling, cash control, purchasing and receiving.

Monitor and approve all sales, purchases, salaries and expenses of the hotel

Assist and counsel department heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability

Serve as financial advisor to hotel management and ownership

Weekly + Monthly tasks

Responsible for weekly cash flow forecast/planning, determine weekly check run

Oversee preparation of monthly financial reporting package including financial statement, balance sheet, and cash flow.

Reconcile monthly billings and receivables with the hotel accounting team

Reconcile balance sheet

Prepare monthly state and city sales tax

Record monthly accruals

Lead monthly P & L reviews and forecast meetings with the management team and ownership

Allocation of expenses amongst F&B outlets

Review inventory

Prepare Monthly Financial package

P&L Consolidated

P&L Detail by Outlet

Revenue analysis

Balance sheet

Forecast

Exec Summary

Projects & Ad hoc:

Prepare annual plan, projections and budgets

Financial control implementation

Review and update payroll allocations

ROI analysis

Contract review

External audits for worker’s compensation, sales tax, other insurance

Year-end audit/tax

People Success

Support with recruitment, facilitation of interviews, and selection of Finance team members and leaders. Conduct new hire training and encourage growth and continued training for established team members. Empower team to deliver the highest quality guest experience.

Provide coaching and support to the Finance team. Utilize interpersonal and communication skills to lead, influence, and inspire team. Solicit feedback and utilize an open-door policy encouraging transparency and healthy communication. Build and maintain a culture that maximizes guest and employee experience and attracts top talent.

Establish and maintain collaborative internal and external relationships and ensure direct reports do the same.

Celebrate successes and publicly recognize contributions. Participate in team member recognition programming.

Participate in the implementation of corrective action plans. Ensure policies and procedures are followed by the team and when needed administer fair and consistent disciplinary action including documentation of corrective action plans.

Skills

Strong command of software applications, especially Microsoft Office (Word, Excel, PowerPoint) and hotel-specific platforms (Infor-HMS, ADP, Birchstreet, M3 Accounting Core).

Excellent written and verbal communication skills.

Must be effective at listening to, understanding, and clarifying concerns raised.

Strong leadership skills, highly-developed organizational abilities and sound administrative skills

Must be able to prioritize departmental functions to meet deadlines.

Working knowledge of food and beverage and hotel cost controls.

Qualifications

8+ years’ experience in hospitality finance management, including 3 years in a leadership role. Luxury hotel experience preferred.

College Degree in Finance or related degree required.

Working knowledge of local financial practices and taxation; work experience in country required

Must be able to maintain confidentiality of information.

Ability to work flexible hours.

We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.

Salary $145k -$160k

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.

Source: EOS Hospitality