- All activities related to budgeting, forecasting, profit and loss reporting and account reconciliation for operating and balance sheet accounts for 8 hotels
- Oversee day-to-day activities of both internal accounting team and third-party managers (both hotel management companies and third-party food & beverage) including implementing appropriate financial controls and ensuring consistency in reporting, budgeting, and forecasting processes
- Verify the accuracy and timeliness of all finance functions: daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management
- Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations
- Identify any errors or discrepancies between management and ownership reporting and provide direction to ensure consistent records
- Oversee all managers' procedures related to income auditing, cash handling, accounts payable, accounts receivable collection, tax compliance, payroll, and month-end processing on behalf of ownership
- Complete all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis
- Oversee cash management for the portfolio including cash flow projections by property, taking into account both operating performance and debt service considerations
- Oversee debt service covenants and cash management provisions under loan documents and implement corresponding reporting and forecasting
- Manage capital expense budget and reconciles expenditures monthly
- Investigate and critique variances to budget and prior years and offer practical improvement methodologies to manage
- Participate in the review and preparation of annual budgets and periodic forecasts
- Participate in quarterly reviews and annual audits
- Participate in the processing of real estate tax payments and sales & use tax returns and oversee regulatory agency audits
- Oversee and assist with providing information for all U.S. Federal and State income tax filings
- Foster strong professional relationships with all third-party manager finance teams to create consistent dialogue to ensure accurate and strategic management of performance
- Other duties and responsibilities, including special projects as assigned
- Significant Accounting experience in a managerial role with hotels
- Attention to detail and good communication skills are amongst the required qualifications
- Minimum of 7 years of experience at a management level within hotel finance including food and beverage
- Bachelor degree or equivalent in Accounting, Finance, Business or similar field
- Managerial/supervisory experience
- Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel
- Experience with reading and abstracting loan documents
- Well-organized with the ability to excel in a dynamic work environment
- Strong work ethic with the ability to work independently and manage a team
- Ability to multi-task and manage a challenging workload while consistently meeting deadlines
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Director of Finance - Trenton, United States - Soni Resources Group
Description
Awell-established privately held Real Estate Company is looking for a
Director of Finance
to join their team. This candidate will
oversee a portfolio of
hotels and is responsible for the following functions:
Responsibilities:
Requirements:
Compensation:
$160,000-$180,000
Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications
.
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