Area Director of Finance
PR-Carolina
Management
Req #: 68016
Type: Full-Time
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Overview: The Area Director of Finance is responsible for ensuring their respective hotel portfolio meets the operating requirements of Highgate Hotels, meets their reporting deadlines, has a secure control environment and a proper cash flow forecast in place. This includes analyzing results and labor related expenses to look for opportunities. The Area DOF is expected to be a business partner to the Highgate Operations team and have a firm understanding of operating cash needs. The Area DOF is responsible for the oversight of all property-based finance personnel within their assigned portfolio, in addition, they are responsible for ensuring compliance with all federal, state, and local regulations and complying with all Highgate Hotel's policies and procedures. The Area Director of Finance serves as the "senior advisor" for the other hotels in the area with respect to accounting functions. Twenty percent (20%) of the Area Director of Finance's time will be devoted to area responsibilities, the remaining eighty percent (80%) will be devoted to the home hotel assignment. Casino experience and fluency in Spanish are required to be successful in this role. Responsibilities: * Approach all encounters with guests and teammates in an attentive, friendly, courteous, and service-oriented manner. * Always comply with Highgate Hotels' standards and regulations to encourage safe and efficient hotel operations. * Maximize efforts towards productivity, identify problem areas, and assist in finding and implementing their solutions. * In addition to their responsibilities at their respective "Home Property", the Area Director of Finance has additional responsibilities: * Communicate with owners, asset managers, lenders, investors, and other stakeholders as well as the Highgate Operations team regarding financial performance of their assets and performance of hotel finance staff. Actively address their concerns and build a long-term relationship of trust. * Work with Highgate Operations team to build long term value of our assets through financial controls and monitoring of our financial performance including revenue creation, expense management, and labor reviews. Investigate and critique variances to budget or to prior year and offer practical improvement ideas. * Effectively manage and communicate cash flow related issues, which includes the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, timely deposits and other control mechanisms. * Ensure portfolio compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all applicable taxes. * Monitor portfolio compliance in meeting all required financial reporting deadlines including monthly forecasts, Financial Statements, and Budgets. Implement remediation strategies where needed. * Analyze financial data and operations in order to assist and advise operations in maintaining and meeting the hotels' financial objectives including balance sheet review audits, union liabilities, employee liabilities, and other liabilities that may have a material impact to our hotel owners. * Work with your portfolio to implement and audit all internal financial controls (including, but not limited to, purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records) and implement corrective measures to remedy any control gaps. * Ensure semi annual self audits of the portfolio are completed. * Embrace a continuous growth environment by actively training, recruiting, reviewing, recommending and maintaining an inventory of Directors of Finance, Assistant Directors of Finances, Accounting Managers, and other managers for growth within the organization by cultivating the "brightest" and "best" talent within the industry. * Must be able to prioritize regional, or hotel, or departmental functions in order to meet all deadlines. * Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationship among team members and promote maximum morale, productivity and efficiency (Executive Committee, Sales & Service, Credit, etc.) * Monitor the accurate production of the hotel daily operating report. * Executes other special projects and responsibilities as assigned. Qualifications: * A 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 8 years of related progressive experience. * Experience as Director of Finance at a large hotel with casino operations in a decentralized accounting structure is required. * There will be days when working long hours are required. * Experience in supervising six (6) or more employees required. * Must be able to convey information and ideas clearly. * Must have experience in Oracle ERP and IBM TM1 software (or be comfortable adapting to them quickly). Experience with Blackline, Dayforce and Birchstreet is preferred. * Must be able to evaluate and select among alternative courses of action quickly and accurately. * Must be effective in handling problems in the workplace, including anticipating, preventing, identifying, and solving problems, as necessary. * Must have the ability to assimilate complex information, data, etc., from disparate sources and consider, adjust, or modify to meet the constraints of the need. * Must be effective at listening to, understanding, and clarifying the concerns and issues raised by teammates and guests. * Must be able to work with and understand financial information and data, and basic arithmetic functions. * Must be able to communicate effectively written and verbal in English and Spanish.
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