Overview

Brought to the forefront of Highgate Hotels, the Director of Finance is tasked with overseeing the financial health of the property by ensuring consistent profitability, accurate and timely financial reporting, and adherence to all internal control, regulatory, and Highgate Operating Procedures. The role is dedicated to safeguarding owner and investor assets while maintaining the highest financial standards across the hotel’s operations.

Responsibilities

• Effectively manage and communicate cash flow related issues, including the preparation of monthly financial statements, control mechanisms and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotels established guidelines, and monitor and control cash flow and operating forecast.
• Create annual budgets and monthly variance analysis, investigate and critique variances to budget or prior year and offer practical improvement methodologies to management.
• Ensure hotels’ compliance on all regulatory licenses, permits, leases, contracts, legal agreements and the proper execution of all operational taxes.
• Analyze financial data and operations to assist and advise management in maintaining the hotel’s financial objectives.
• Comply with standard accounting policies and procedures and internal controls for finance and accounting operations.
• Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
• Hire, train, supervise and develop staff, including coaching, counseling and discipline.
• Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
• Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines, i.e:
  • Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
  • Monthly: Financial Statements, Forecasting Key Statistics Report, Cash Flow
  • Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
• Monitor hotels’ compliance in meeting required report deadlines and due dates, and react accordingly.
• Monitor the accurate production of the hotel daily operating report.
• Executes other special projects and responsibilities as assigned.

Qualifications

• At least 5 or more years of Hospitality Finance/Accounting experience.
• Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
• Excellent verbal and written communication skills.
• Bachelor’s degree required, preferably in Finance or Accounting.
• Must supervise two or more employees.
• Must be proficient in Windows, company-approved spreadsheets and word processing and in the operation of all hotel-specific systems.

Location

San Francisco, CA