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
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