Director of Finance

Basic Function

The Director of Finance at OTH Hotels Resorts is responsible for overseeing all financial operations, ensuring accuracy in reporting, compliance with regulations, and strategic financial planning. This role involves managing accounts payable, accounts receivable, income audits, cash flow, forecasting/budgeting, and financial reporting while providing insights to optimize revenue and cost efficiency. Additionally, the Director of Finance serves as a strategic partner to the General Manager and leadership team, driving financial decision-making, risk management, and operational improvements. This position requires strong analytical skills, leadership, and financial expertise to support the hotel's long-term financial health and success.

Qualifications

• Education & Experience:
• Bachelor’s degree in accounting, Finance, or a related field preferred (associate degree with extensive experience considered).
• Minimum of 5+ years of finance or accounting experience, preferably in hospitality.
• Experience with financial transactions, lender relations, and strategic financial planning.
• Previous supervisory and personnel management experience required
• Technical Proficiency:
• Strong proficiency in financial software, including Backoffice Accounting, Budget/Forecast systems, Point-of-Sale (POS) Systems, and Property Management Systems (PMS).
• Advanced Microsoft Excel and Word skills, with the ability to analyze complex financial data.
• Key Competencies:
• Exceptional leadership, communication, and interpersonal skills.
• Strong understanding of financial principles, budgeting, forecasting, and risk management.
• Ability to interpret complex financial data and provide actionable insights.
• High level of accuracy in financial reporting and compliance.

Key Responsibilities

Financial Management & Strategy:

• Develop and implement financial policies, controls, and procedures to drive operational efficiency.
• Provide financial insights and recommendations to the General Manager and Executive Team to support business decisions.
• Analyze financial data to identify trends, risks, and opportunities for cost savings and revenue growth.
• Collaborate with department heads to optimize budget allocations and improve financial performance.

Accounting & Reporting:

• Oversee Accounts Payable (AP), ensuring timely processing of invoices, compliance with company policies, and effective vendor management.
• Manage Accounts Receivable (AR) by overseeing guest ledger accounts, group billing, collections, and credit management.
• Conduct daily income audits to ensure accuracy in revenue reporting and financial transactions.
• Prepare monthly, quarterly, and annual financial statements in accordance with industry standards.
• Ensure compliance with financial reporting, tax regulations, and company policies.
• Lead and validate forecasting and budgeting for accuracy.

Cash Flow & Risk Management:

• Monitor and manage cash flow to maintain strong financial liquidity.
• Lead efforts to mitigate financial risks, including credit risk, fraud prevention, and internal audits.
• Oversee general cashier functions, including cash deposits, change orders, and reconciliation.
• Work closely with external auditors, lenders, and regulatory agencies to maintain compliance and transparency.

Leadership & Collaboration:

• Serve as a strategic financial partner to the General Manager and leadership team.
• Lead, mentor, and develop accounting team members to foster professional growth and high performance.
• Represent the finance department in cross-functional meetings, including BEO (Banquet Event Orders) and revenue strategy sessions.
• Drive continuous improvement initiatives in financial processes, technology, and systems.

Physical & Environmental Factors

This role involves a combination of sitting, standing, and walking for extended periods, with occasional lifting and exposure to varying environmental conditions. Adaptability and attentiveness to the property’s operational demands are essential.

This job description outlines the general nature and level of work expected from team members in this role. It is not an exhaustive list of all responsibilities, duties, or skills required for the position and may be subject to changes or additional tasks as needed.