Director Of Finance

Company: The Hermitage Hotel
Location: Nashville
Posted on: June 25, 2022

Job Description:

Note: Hospitality Industry experience is a MUST for this position. The Hermitage Hotel is looking for a Director of Finance to continue the legacy of our outgoing retiring current Director who has led the Department of Finance at the hotel for 19 years.
Benefits

• Affordable and comprehensive health insurance which can be extended to include a spouse, children, or domestic partner.
• Affordable dental and vision insurance.
• Company provided life insurance
• 401k matching up to 3%
• Free telehealth access for all employees
• Customizable and comprehensive pet insurance
• Complimentary meals in the employee cafeteria
• Subsidized parking
• PTO starting at 15 days/year and increasing with tenure up to 30 days/year
• Support for industry training and certifications
  RoleThe Director of Finance leads and manages all financial functions within the organization while participating and supporting a high level of guest service and a profitable business climate. As a positive and proactive leader, interreacts with all senior management on business reviews, manages budgets across multiple departments/divisions and forecasts future needs using a long-term planning process to make informed decisions that improve company performance, while being vigilant to day-to-day transactions and trends. Involved with capital project planning and administration, information technology and cyber-security.
  The Director of Finance oversees the day-to-day operations of the Accounting Department. This position is responsible for monitoring of all revenues, accurate and efficient functioning of accounts receivable, accounts payable, payroll, and cash management.
  DutiesEssential Functions:
  • Plan, direct, and manage the provision of accurate, timely, and objective financial data from which informed management decisions can be made.
  • Safeguard owner assets by creating and maintaining sound internal control systems.
  • Direct preparation of annual budgets and monthly forecasts- M3 system.
  • Establish or recommend to management major economic objectives and policies for the hotel.
  • Support the general manager and hotel financial goals by direct preparation of monthly and annual reports, summarize and forecast hotel revenues, expenses, and earnings based on past, present and expected operations.
  • Ensure compliance with corporate policies and procedures and all applicable laws.
  • Negotiate and monitor contracts with hotel vendors.
  • Ensure the collection and payment of applicable local, state, and federal taxes.
  • Advise management of desirable operational adjustments due to tax code revisions.
  • Arrange for audits of hotel accounts.
  • Lead a team of high-performing accounting individuals.
  • Work with external auditors and third-parties.
  • Maintain appropriate standards for 30-60-90-120 day accounts. Conform to standards regarding the average collection period.
  • Document the local credit policy and audit property compliance.
  • Approve all major accounts for credit as defined by local policy.
  • Conduct credit and write-off meetings as requested.
  • Submit accurate and timely critiques and credit loss reports as required.
  • Review all major banquet functions and group accounts for proper credit extensions prior to arrival.
  • Member of the hotel executive committee.
    Additional Job Duties:
    • Special projects as assigned by management or ownership.
      Required:
      • 5-7 years of accounting experience preferably in the hospitality industry, including both accounts payables and accounts receivables.
      • Able to work weekends and holidays as required to meet deadlines.
      • Able to work flexible hours and extended shifts as required and to meet deadlines.
      • Bachelor's degree in accounting or finance from accredited four-year college or university.
      • Experience with accounting software, hotel PMS, hotel POS, and Microsoft Office.
      • Ability to work with mathematical concepts.
      • Strong interpersonal skills, problem solving and planning skills.
      • Able to carry out tasks independently and accurately.
      • Able to operate phones, calculator, computer equipment, fax machines, copiers and printers.
        Preferred:
        • MBA.
        • CPA.
        • Prior hospitality controller experience.

Keywords: The Hermitage Hotel, Nashville , Director Of Finance, Executive , Nashville, Tennessee