Director of Finance

PRIMARY PURPOSE OF THE POSITION:

Supervises and directs the financial activities of the Hotel, safeguards the assets, and prepares all financial reports in accordance with Generally Accepted Accounting Principles (GAAP). Serves as a financial advisor to Hotel Management and Ownership.

ESSENTIAL FUNCTIONS: (This list of essential functions is not exhaustive and may be supplemented and changed, as necessary.)

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

· Analyze financial data of operations to educate and advise hotel staff and management on the value and benefits of internal controls and maintaining an efficient operation.

· Assist and counsel all department heads in the interpretation of financial data and recommend courses of action to maximize profitability.

· Prepare, review and present the Monthly Report of Operations. Prepare the monthly, three and six month projections and budgets throughout the year and advise hotel management, corporate office, and owners of any major variances and their impact on the operation.

· Prepare forecasts and budgets as required (Annual, Revised Annual, Monthly, and/or on Corporate/Owner’s requests).

· Develop and monitor internal controls to safeguard hotel assets.

· Maintain adequate internal control over revenues, expenses, assets and liabilities of the hotel and ensure accounts are maintained according to GAAP and Uniform System of Accounts.

· Hire, train, and supervise Finance Department staff including coaching, counselling, and discipline.

· Direct accounting staff to ensure accurate accounting and timely reporting of financial data to department heads, hotel management, corporate office, and owners in accordance with GAAP and Practice Hospitality guidelines.

· Ensure that all licenses, permits, and insurance policies are current and are in compliance with local, state, and Federal laws.

· Monitor all contracts and agreements and advise hotel management of the terms, conditions and benefits.

Assume cash management responsibilities, including preparation of statement of cash flow and, if necessary, statement of changes in financial position.

· Establish and audit all internal financial controls, including purchasing, cash handling and disbursements, inventories, hotel equipment, master keys, and personnel time records.

· Provide financial oversight of the capital expenditure process.

· Ensure capital projects are completed within established critical path and financial projections.

· Conduct post completion audits of capital projections.

OTHER FUNCTIONS: (This list of other functions is not exhaustive and may be supplemented and changed as necessary.)

· Ensure hotel is in compliance with Corporate Policies (SPI’s) and governmental rules and regulations. Report irregularities and non-compliant situations to General Manager and VP-US Hotel Operational Finance as required by corporate guidelines.

· Assume leadership role in the education of supervisory staff in financial management.

· Ensure timely completion of all Balance Sheet account reconciliations.

· Ensure that the best interest of the hotel, Practice Hospitality and owners are protected.

· Ensure compliance with financial record retention policies.

· Administer the competitive bidding process.

· Cooperate with Internal/External audits and implement agreed upon recommendation.

· Ensure timely customer satisfaction (external and internal) on accounting related inquiries and requests.

· Oversee responsibilities of computer networking operations and computer applications within the hotel.

· Attend other departmental meetings to keep appraised of other operations and to provide outside input to enhance the department’s operation.

· Perform other duties that may be assigned by the General Manager or Corporate Finance.

EDUCATION and/or EXPERIENCE:

· High School graduate or equivalent required.

· 4-year college degree preferred.

· At least 3 years experience in Finance field preferred.

· At least 2 years experience in direct supervision and management preferred.

SPECIFIC JOB KNOWLEDGE, SKILLS AND ABILITIES:

· Knowledge of departmental and hotel operations.

· Knowledge of computers and training techniques.

· Knowledge of business law, federal, state, and local taxes, as well as Department of Labor regulations.

· Knowledge of insurance, employee benefits, claims and liability.

· Ability to read, write, and speak the English language to communicate effectively.

· Ability to exercise judgment in evaluating situations and in making sound decisions.

· Ability to analyse and interpret financial data.

· Leadership and organizational skills (team orientation, flexible, adaptable).

· Ability to analyse large volume of complex financial information from many sources and create reports, forecasts projections.

· Basic understanding of complex computerized financial systems and ability to use it including manual dexterity to operate all office machines.

· Knowledge of various computer programs, such as Word and Excel.

· Knowledge of Uniform Systems of Accounting.

PHYSICAL DEMANDS: The physical demands described below are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

While performing this job, the employee is regularly required to stand, walk, sit, speak, hear, reach, bend over, stoop, use hands, use fingers, write, see, feel objects, handle paper, wires, pens, boxes, and occasionally kneel. Occasional lifting or moving may be required of objects of up to 100 pounds of force occasionally; and /or 50 pounds or force frequently and /up to 25 pounds of force constantly to lift, push, pull or otherwise move objects.

Benefits:

· 401(k)

· 401(k) matching

· Dental insurance

· Disability insurance

· Employee assistance program

· Employee discount on hotel stays

· Flexible spending account

· Health insurance

· Life insurance

· Paid time off available 90 days after start date

· Vision insurance

· Hospital indemnity insurance

· Eligible to participate in the Employee Referral Bonus Program.

About The Company

Practice Hospitality manages hotels differently. A growing company with opportunities for advancement, we infuse hotels with style, spirit, and soul. We inspire, innovate and advocate. We deliver results and do well by our owners because we respect the individuality that we all bring to the table, the connectedness of our world and the impact we have on our community.

We are looking for someone who thinks big because, at Practice Hospitality, we value creativity, emotional intelligence, problem solving and innovation. This is an opportunity to be an integral part of a team that supports one another, is empowered, and holds themselves accountable. If you bring your A game every day and pursue excellence with tenacity, we want to invest in your professional and personal growth. But, more than anything, we are looking for good humans who care; about our guests, each other and making every moment together enriching, fulfilling and fun!