Area Director Finance
Additional Information: This hotel is owned and operated by an independent franchisee, Aimbridge Hospitality. The franchisee is a separate company and a separate employer from Marriott International, Inc. The franchisee solely controls all aspects of the hotels employment policies and practices, including hiring, firing, discipline, staffing, compensation, benefits, and all other terms and conditions of employment. If you accept a position at this hotel, you will be employed by a franchisee and not by Marriott International, Inc.
SUMMARY:
The Dual Branded Hilton Hotel is comprised of 350 rooms with a Canopy and Hilton Garden Inn. The hotels service the local business community during the week and leisure/transient customer on the weekend. The property recently went through an ownership change. The high functioning, entrepreneurial senior leadership team of the hotel and the new ownership group are seeking a like-minded, self-starting Director of Finance (DOF) to lead the financial operations and strategy of the hotel. This pivotal role involves overseeing all financial aspects of the hotel, ensuring the optimization of resources, and supporting the overall profitability and growth of the property. The DOF will be responsible for overseeing 1 direct report and the overall financial management and reporting of the hotel.
The Position:
Reporting to the General Manager, the DOF duties will include, but not be limited to:
Financial Accounting and Reporting:
Strategic Initiatives
Identify and implement cost-saving measures and strategies to optimize operational efficiency while maintaining quality service standards
Analyse revenue streams and expenses to drive profitability and provide actionable insights to the management team to support decision-making
Evaluate potential investment and capital projects, develop financial models and scenarios to assess their impact on the hotel
Collaborate with human resources and the GM to understand labour agreements, support negotiations and assess the financial implications of union contracts
Serves as a thought partner to the General Manager by providing information vital to reporting and decision making
Advises GM and executive team on existing and upcoming financial and operational issues
Manage labour costs effectively while and support the GM in maintaining positive relationships with union representatives
Facilitate monthly P&L reviews to uncover challenges opportunities and trends
Operational Initiatives:
Oversee, direct, and review the timely preparation of the financial statements, budgeting, and forecasting
Responsible for all finance functions daily, weekly, monthly and annual
Ensure compliance with financial regulations and internal controls and policies
Oversee, prepare and present the quarterly reporting to ownership
Work with external auditors and other third-party service providers as required, oversee internal and city audit processes.
Completes comprehensive month end close to include preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, ensuring proper tax reporting and analyzing profit performance
Ensure monthly P&Ls reflect accurate revenues expenses and cost of sales calculations
Analyze daily monthly variances between actual forecasted and budgeted performance
Manage the accurate collection posting and reconciliation of occupancy taxes sales taxes and transient marketing district fees.
Leadership:
Operate as a key financial partner to the General Manager
Drive and inspire the team to deliver a consistent and professional output of work while fostering an environment of collaboration and diversity of thought for ways to improve and innovate
Lead, coach and develop direct reports by providing clear direction, guidance and support
Build strong relationships with operating team, engage with the operating team, lead and coach the team with respect to financial initiatives and goals and development opportunities
Instill a culture of accountability, innovation and growth
Other duties:
Oversee and direct effective treasury and cash management practices including cash flow forecasting and banking covenant and other financial institution reporting requirements.
Monitor and improve cost controls to ensure the appropriate use of the hotels resources and other assets
Experience and Qualifications:
Approximately 10-12 years of financial reporting experience within the hospitality industry. A minimum of 3-4 years at the DOF level having reported to a General Manager
Strong technical accountant with strong written and oral communication skills
Strong leadership skills.
Strong analytical and problem-solving skills.
Experience with MS Office Suite (Microsoft Dynamics 365 a plus) and general computer skills.
University Degree
CPA Designation would be an asset
The salary for this position is $120,000.
This company is an equal opportunity employer.
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The Autograph Collection is a growing collection of four and five-star independent hotels, each offering unique and memorable experiences. Each hotel is thoughtfully chosen for its quality, originality, bold character, and ability to offer todays traveler a range of unique experiences suited to their individual sense of style and adventure. All Autograph Collection hotels look to attract The Individualist, the brand's target consumer. The Individualist is someone who uses travel as an opportunity to add to their personal narrative in essence they are hand selecting our hotels whether for personal or corporate travel because it is much more than simply a place to rest. In joining Autograph Collection, you join a portfolio of brands with Marriott International. Be where you can do your best work,? begin your purpose, belong to an amazing global? team, and become the best version of you.
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