Job Description

The Director of Finance will plan, direct, and manage the provision of accurate, timely, and objective financial data from which informed management decisions can be made. Recommend remedial action when and where necessary. Safeguard owner assets by creating and maintaining sound internal control systems. Hire the most professional, service-oriented, dedicated highly skilled, trained staff available. Participate in total hotel management as a member of the hotel Executive Committee.

Major Duties & Responsibilities:

• Direct preparation of annual budgets and monthly forecasts; establish or recommend to management major economic objectives and policies for Hotel.
• Support General Manager and hotel financial goals by direct preparation of monthly and annual reports summarize and forecast hotel's revenues, expenses, and earning based on past, present and expected operations.
• Ensure compliance with YOTEL policies and procedures and all applicable laws.
• Setup accounting policies and procedures to assure proper recording of revenue and expenses
• Hire, train, supervise and direct accounting staff to ensure accurate bookkeeping and timely reporting of financial data.
• Maintain accurate cash flow projections and analysis.
• Supervise the Finance Team; interview, recommend hiring, train, develop, empower, schedule, coach and counsel, recommend and conduct performance and salary reviews, resolve problems, provide open communications and recommend discipline and termination, as appropriate.
• Supervise the daily accounting operations ensuring compliance with the SOPs and Federal, State and local laws and regulations.
• Analyze and reconcile all general ledger accounts and bank statements to ensure financial information is available and accurate.
• Prepare financial statements and reports to ensure accurate, timely information is available for management.
• Assist in the compilation and preparation of the annual budget, forecasts, taxes and other financial reports to provide support thus ensuring accurate, timely information is available for management and owners.
• Train, monitor and coordinate the implementation and maintenance of financial and cash controls and information flow throughout the other departments in the hotel to ensure compliance, accurate records and minimize liabilities, losses and expenses.
• Resolve problems and ensure maintenance of the accounting systems and equipment to ensure smooth operations.
• Analyze and be familiar with tenants, leases and rent reports and ensure hotel follows hotel leases and management contracts.
• Has a fiduciary responsibility to company and management.
• Ensure that all licenses, permits, and insurance policies are current.
• Counsel management and department heads in financial matters to ensure hotel's assets are yielding maximum return.
• Make sure hotel follows governmental rules and regulations.
• Conduct monthly P&L meetings, assist all department heads in the interpretation of financial data, and recommend a course of action to maximize profitability.
• Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies and regulatory impact.
• Collaborate with Operations and other company discipline teams to development and implement

Requirements

• B.S. in Hotel Administration and/or Business Administration/Accounting. A current CPA license holder or possessing a master’s degree in Business, Finance, or Accounting and a current is highly desirable.
• 5+ years as hospitality financial leader with a minimum of 2 years in leading centralized property accounting and finance functions.
• Must be able to maintain good relationships with all departments in the hotel, corporate and owners to promote effective internal control and financial advisory role.
• Must have the ability to communicate and the commitment to follow all local and corporate policies and procedures.
• Must have extensive knowledge of hotel accounting functions including: The Uniform Chart of Accounts for the Lodging Industry, General Accounting, Capital Expenditures, Accounts Payable, Accounts Receivable, and Payroll.
• Must have a high degree of professional integrity, and be able to work safe, effectively and efficiently.
• Possesses a strong background in managing integrated financial accounting and reporting systems. Experience with financial system interfaces is critical to success.
• Knowledge of hotel accounting and other systems (i.e. OPERA, Micros, Sun, Birchstreet etc.) and general business systems (i.e. Microsoft Office and Outlook, financial reporting, etc.)
• Able to delegate routine detail work.

What are YOTEL people like?

• Pro-active with a ‘can do’ positive attitude
• Likes to be busy, always looking for the next task or goal to achieve
• Great attention to detail in everything that they do
• Sociable and confident with each other and our guests
• Friendly, warm and welcoming always
• Professional in their outlook, taking pride in their appearance, performance and reputation
• Takes responsibility for their actions and those of the wider team
• Like to own problems and find solutions for the benefit of the guests and teams alike

This position description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the associated with the position. May perform other duties as assigned.

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