Strategic Hospitality Finance Leader

Wequassett; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

A leading hospitality firm in New York is seeking a Director of Finance to oversee financial strategies and budgeting processes. You will develop business plans aligning with property goals and maximize returns while providing analytical support. The ideal candidate will possess at least five years of financial management experience in the lifestyle hotel sector, a Bachelor's degree, and advanced software proficiency. Strong analytical and communication skills are essential, with a focus on improving profitability and operational controls.

Qualifications

• Minimum five years of lifestyle hotel financial management experience.
• Excellent skills in statistical and analytical identification of revenue opportunities.
• Proven track record in hotel revenue strategic planning.

Responsibilities

• Execute the Month-End process, preparing financial statements and reconciliations.
• Create the annual operating budget for the property.
• Provide analytical support during budget reviews.

Skills

Financial management

Analytical skills

Communication skills

Organization skills

Problem-solving skills

Education

Bachelor's degree or equivalent

Bachelor's in Accounting or related field (preferred)

Tools

Micros

OPERA

On-Q

ProfitSword

M3

Job description

EOS Hospitality
444 Madison Ave
14th Floor
New York, NY 10022, USA

Description

Overview

The Director of Finance is responsible for providing the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment to the owners. In addition, creates and executes a business plan that is aligned with the property and brand's business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results. This position will be responsible for the development of the area model, as well as the financial teams of various properties under the same flag and ownership. The Director of Finance must be detail-orientated, analytical, strategic, and adaptable to manage and work through opportunities while remaining professional and focused on the job at hand.

Key Responsibilities

• Detailed understanding and execution of Month-End process for the properties, including but not limited, to the preparation of financial statements, accruals, journal entries. Maintains reconciliations for balance sheet accounts in established corporate formats and in accordance with local Generally Accepted Accounting Principles (local GAAP). Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Analyzes information, forecasts sales against expenses and creates annual budget plans.
• Thinks creatively and practically to develop, execute and implement new business plans.
• Creates 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, improve operations and profitability.
• Leads the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction
• Produces accurate forecasts that enable operations to react to changes in the business.
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision-making; demonstrates honesty/integrity; leads by example.
• Leverages strong functional leadership and communication skills to influence the property's strategies and to lead own team.
• Manages communication with owners in an effective manner.
• Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue costs and are recorded in the proper accounts).
• Ability to read and understand basic contract elements, e.g. royalty fees, management agreement, terms, priorities and profit distribution. Maintains close relations with hotel’s internal and external auditors and ensure effective action necessary on agreed upon recommendations.
• Business Acumen - Understanding and utilizing business information.

Required Qualifications

• Five year's minimum lifestyle hotel financial management experience.
• Bachelor's degree or equivalent.
• Superior user capabilities in computer software products including Micros, OPERA, On-Q, ProfitSword, M3)
• Ability to communicate effectively verbally and in written form with the public as well as property team members.
• Essential statistical and analytical skills required to identify revenue opportunities and shortfalls.
• Ability to handle confidential information discretely and in the proper manner.
• Self-starter, and possess excellent presentation skills,
• Proven track record of successful hotel distribution and revenue strategic planning
• Strong problem-solving skills
• Strong organizational skills
• May be required to work varying schedules
• Good communication skills (verbal, listening, writing)
• Strong customer and colleague relation skills

Qualifications

Education

Preferred

Bachelors or better in Accounting or related field.

Experience

Preferred

5 years:

5 years:

Financial management experience in hospitality

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.