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    Director of Finance - New York, United States - Langham Hotels International Limited

    Langham Hotels International Limited
    Langham Hotels International Limited New York, United States

    5 days ago

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    Description

    Job Summary .
    PRIMARY OBJECTIVE OF POSITION:

    Manages and directs the financial activities of the Hotel, safeguards the assets, and prepares all financial reports in accordance with Generally Accepted Accounting Principles (GAAP). Serves as a financial advisor to Hotel Management and Ownership.

    RESPONSIBILITIES AND JOB DUTIES:

    • Lead, guide and advise the hotel team on forecasting, budgeting, and finance operations/issues.
    • Recommend on current and future operations' analysis and interpretation.
    • Review finance contracts.
    • Develop operational finance tools by carrier and product.
    • Execute designated improvement processes and enhanced cash flow initiatives.
    • Update on emerging technology changes and innovations through reading of business and professional publications, networking and involvement in professional organizations.
    • Analyzes financial data of operations in order to educate and advise hotel staff and management on the value and benefits of internal controls and maintaining an efficient operation. Assists and counsels all department heads in the interpretation of financial data and recommends courses of action to maximize profitability.
    • Monitors and approves all sales, purchases, salaries, and expenses of the hotel with Managing Director.
    • Prepares, reviews, and presents the Monthly Report of Operations. Prepares the monthly, three and six month projections and budgets throughout the year and advises hotel management, corporate office, and owners of any major variances and their impact on the operation.
    • Prepares forecasts and budgets as required (Annual, Revised Annual, Monthly, and/or on Corporate/Owner's requests). Develops and monitors internal controls to safeguard hotel assets. Maintains adequate internal control over revenues, expenses, assets and liabilities of the hotel and ensure accounts are maintained according to GAAP and Uniform System of Accounts.
    • Hires, trains, and supervises Finance Department staff including coaching, counseling, and discipline. Direct accounting staff to ensure accurate accounting and timely reporting of financial data to department heads, hotel management, corporate office, and owners in accordance with GAAP and Langham guidelines. Monitor professional development of hotel staff to ensure meeting of training, professional development and property needs. Train, mentor and offer career development opportunities through quality management activities.
    • Ensures that all licenses, permits, and insurance policies are current and are in compliance with local, state, and Federal laws. Monitors all contracts and agreements and advises hotel management of the terms, conditions and benefits.
    • Assumes cash management responsibilities, including preparation of statement of cash flow and, if necessary, statement of changes in financial position. Establishes and audits all internal financial controls, including purchasing, cash handling and disbursements, inventories, hotel equipment, master keys, and personnel time records.
    • Provides financial oversight of the capital expenditure process. Ensures capital projects are completed within established critical path and financial projections. Conducts post completion audits of capital projections.
    • Ensures hotel is in compliance with Corporate Policies and governmental rules and regulations.
    • Reports irregularities and non-compliant situations to General Manager/Managing Director.
    • Assumes leadership role in the education of supervisory staff in financial management.
    • Ensures timely completion of all balance sheet account reconciliations.
    • Ensures that the best interest of the hotel and owners are protected. Seeks legal advice, if deemed necessary.
    • Ensures compliance with financial record retention policies.
    • Administers the competitive bidding process.
    • Cooperates with Internal/External audits. Implements agreed upon recommendations.
    • Ensures timely customer satisfaction (external and internal) on accounting related inquiries and requests.
    • Oversees responsibilities of computer networking operations and computer applications within the hotel.
    • Attends other departmental meetings to keep appraised of other operations and to provide outside input to enhance the department's operation.
    • Performs other duties that may be assigned by the Managing Director or Corporate Finance.
    Requirement .
    EDUCATION and EXPERIENCE REQUIRED:
    • Four-year college degree required
    • At least 5 years' experience in Finance field required; 2 years as Director of Finance
    • Hospitality experience required
    • Knowledge of computers and training techniques
    • Knowledge of departmental and hotel operations
    • Knowledge of business law, federal, state, and local taxes, as well asDepartment of Labor regulations
    • Knowledge of insurance, employee benefits, claims and liability
    • Knowledge of Uniform Systems of Accounting
    SPECIAL SKILLS REQUIRED:
    • Ability to read, write, and speak the English language to communicate effectively
    • Ability to exercise judgment in evaluating situations and in making sound decisions
    • Ability to analyze and interpret financial data
    • Leadership and organizational skills (team orientation, flexible, adaptable)
    • Ability to analyze large volume of complex financial information from many sources and create reports, forecasts projections
    • Basic understanding of complex computerized financial systems and ability to use it including manual dexterity to operate all office machines
    • Knowledge of various computer programs, such as Word and Excel. Knowledge of SunSystems, Infor Q&A and BirchStreet preferred.
    PHYSICAL DEMANDS:
    • Activities include talking, seeing, feeling, hearing, touching, grasping, lifting.
    • Able to do various physical movements throughout the work areas.
    • Sitting to a large degree up to 80 % of work day
    • Considerable repetitive motion of hands and wrists as relates to the use of computer keyboards and other office machines.
    • Exerts physical effort in transporting 10lbs to 20lbs
    LICENSES OR CERTIFICATES:
    • CPA a plus
    Rate of pay: $183-203k

    EOE, including disability vets
    Terms of employment . Full time
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