Director of Finance

Description

Norfolk Waterside Marriott is hiring a Director of Finance!

This individual is responsible for the hotel’s accounting and financial management requirements. Managing the accounting

department, procurement function. To provide the general manager with meaningful and timely information on the

status of the hotel’s performance. To assist proactively with cost containment, revenue enhancement, profit

improvement opportunities and safeguarding of the company’s assets.

Summary:

• Acts as the Executive Finance Representative on property reporting to the General Manager.
• Handles reporting communication with owners, corporate office and vendors, clients as need it.
• Coordinates the research of trends and builds recommendation to positively impact the hotel financial performance.
• Drafts and prepares property Forecast of Expenses and Revenues, working with department heads to establish pace.
• Main point of contact to the property on budget, forecast and labor tracking.
• Main point of contact in weekly labor meeting ensuring departments are on pace to budget and forecast and any variance is justified.
• Protects the assets of the hotel.
• Provides the General Manager with timely and accurate data on which to make management decisions.
• Provides accurate and meaningful financial statements to owners and management. Ensures proper controls are in place and monitors such controls.
• Ensures the various areas under the responsibility of the Controller are operating effectively and efficiently.
• Ensures the controls are minimizing losses and maximizing profits by retaining revenues, reducing expenses, and safeguarding hotel assets.
• Coordinates budget preparation and the full involvement of Department Heads is obtained. Prints daily statements, copies all related back up and mails with statements as necessary. Post Ledger payments daily.
• Process returned checks through Ledger and complete check requisition to reimburse bank.
• Send all returned checks that do not have valid credit card approval to collections immediately.
• Clear Exec Off account daily.
• Verify division numbers on all departments. Print weekly reports.
• Sign for, set up account for, and log advance deposits. Answer any guest questions/research.
• Post all charges, rebates, etc. A
• Administer 10-30 day calls on outstanding accounts.
• Direct bill and maintain records for UPS, FED-EX, AirBorne, etc.
• Handle credit card inquiries and charge backs, reconcile credit card accounts.
• Prepare and run write-off meetings at end of month.
• Weekly status reports to sales and catering. Process vouchers.
• Formulate and execute a strategy to keep the Days Sales Credit Outstanding under 32 days.
• Responsible for general office duties. Record all cashier overages and shortages.
• Publish cashier over/short daily to department heads and appropriate Leadership Team Members.
• Keeps “open communication” between subordinates, peers, and associates.
• If available, trains all associates in the Accounting department how to perform their job duties to the best of their abilities while in accordance with established objectives, policies, and procedures.
• Provides disciplinary action when, and if, necessary.
• Participates in weekly Leadership Team meetings, property MOD program, weekly staff meetings, monthly department and safety meetings.
• Administers and maintains accurate records of necessary federal, state, and local reports as required by the applicable laws, franchise SOPs, and Concord/local SOPs.
• Deviations of hotel policies, procedures, legal requirements, and contractual obligations, which come to attention, are reported to the General Manager.
• Responsible for generating annual department budget and monitors period profit and loss statement.

Benefits:

We offer competitive wages. Full-time associates are eligible to participate in a comprehensive benefit package, which includes medical/dental/vision plans, life insurance, ST/LT disability options, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training & development and career advancement opportunities.

Why Concord?

Concord Hospitality invests in its associates by providing training and development at all levels, from interns to executive leaders. Our “Associate First” culture supports and inspires personal development both within the workplace and beyond. Our associates are what our company is built on, and we are proud to recognize them for their hard work, dedication, and commitment to excellence. We value work life balance, diversity, and our commitment to provide the best customer service and quality accommodations in every market we exist. Concord is built on 5 cornerstones: Quality, Integrity, Community, Profitability and FUN! Our associates say it best with our national company cheer heard throughout North America ---

“We Are Concord! ”We support diversity and inclusion through our mission to be a “Great Place to Work for All."

Pay Range: $95,000 to $115,000