Director of Finance Job Opening

Director of Finance

Hotel On Market

Charleston, South Carolina

Charleston, SC - The Director of Finance assists in the championing, development, and implementation of property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the hotel’s target customer and property employees. Provides financial expertise to enable the successful implementation of the hotel’s service strategy and initiatives while maximizing the return on investment. In addition, assists in the creation and execution of a business plan that is aligned with the business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results. S/he will be responsible for exemplifying the Hotel On Market Culture and the following:

Core Values:

  • Excellence – We are committed to delivering outstanding performance by exceeding the expectations and creating memorable experiences for our guests, team members, and owners
  • Integrity – Be trustworthy and always do the right thing
  • Respect - Each person is honored and we treat each other with kindness
  • Teamwork – We care about each other and always accomplish more together
  • Innovation – To foster a culture that inspires and engages our team members to continually improve our product and services
  • Balance – Continually strive to balance our lives and contribute positively to the community
  • Resilience – We recover and thrive from any challenge or change

Principal Responsibilities:

Assisting in Strategic Planning and Decision Making

  • 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
  • Compiles information, analyzes and monitors actual sales against projected sales
  • Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning
  • Assists in identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts
  • Thinks creatively and practically to assist in the development, execution and implementation of new business plans
  • Assists in the creation of the annual operating budget for the property
  • Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers
  • Assists in the implementation of a system of appropriate controls to manage business risks
  • Analyzes financial data and market trends
  • Assists in the development and implementation of a comprehensive annual business plan which is aligned with the company’s and brand’s strategic direction
  • Provides on going analytical support by monitoring the operating department’s actual and projected sales
  • Produces accurate forecasts that enable operations to react to changes in the business

Leading Finance & Accounting Team

  • Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example
  • Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner
  • Oversees internal, external and regulatory audit processes
  • Provides excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority
  • Conducts annual performance appraisals with direct reports according to Standard Operating Procedures

Anticipating and Delivering on the Needs of Key Stakeholders

  • Attends meetings and communicates with the owners, understanding the priorities and strategic focus
  • Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.)
  • Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
  • Demonstrates an understanding of cash flow and owner priorities
  • Manages communication with owners in an effective manner
  • Manages property working capital and cash flow in accordance with hotel SOPs and owner requirements
  • Facilitates critique meetings to review information with management team.

Developing and Maintaining Finance and Accounting Goals

  • Ensures Profits and Losses are documented accurately
  • Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued
  • Submits reports in a timely manner, ensuring delivery deadlines
  • Develops and supports achievement of performance goals, budget goals, team goals, etc
  • Improves profit growth in operating departments
  • Reviews audit issues to ensure accuracy

Managing Projects and Policies

  • Generates and provides accurate and timely results in the form of reports, presentations, etc
  • Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs
  • Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts)
  • Ensures compliance with management contract and reporting requirements
  • Ensures compliance with standard and local operating procedures (SOPs and LSOPs)
  • Ensures compliance with Standard Operating Procedures (SOPs)

Qualifications:

  • Bachelor’s Degree preferred
  • A minimum of 5 years of related experience
  • Proven leadership track record
  • Extensive knowledge of hotel operations, services and accounting
  • Accounting experience in full-service hotels
  • Proficiency in computer accounting systems and spreadsheets
  • Experience using Birch Street a plus
  • Self-motivated to take charge and assume responsibility
  • Strong written and oral communication skills

Physical Demands:

  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
  • While performing the duties of this job, the employee is regularly required to stand, walk, sit, use hands to finger, handle or feel, reach with hands and arms, climb or balance, and talk or hear
  • Specific vision abilities required by this job include peripheral vision and depth perception

Job Type: Full-time

Experience:

  • Hotel Finance: 2 years (Required)
  • Hotel: 4 years (Required)

Work Location:

  • One location