H

HEI Hotels & Resorts

Area Director of Finance

Corporate Finance & FP&AUpdated on Nov 15
Full-timeVirginia Beach, VA, USAIn-person

About the Job

Requirements

  • Three or more years of experience in hotel or hospitality-related finance and accounting.
  • A Bachelor of Science in Accounting or Hotel Management is preferred.
  • An analytical approach to problems and attention to detail and accuracy.
  • Effective verbal and written communication skills, including the ability to adapt communication style to supervisors, coworkers, and the public.
  • Knowledge of applicable City, County, and State sales tax laws, and laws relating to innkeepers, liquor, and labor.
  • Understanding of pertinent leases, contracts, agreements, covenants, and restrictions.
  • Ability to correct deficiencies identified on Internal Audit reports and effectively use the Controller's Checklist.
  • Ability to comply with corporate and local policies for wages paid, including increases and timing.
  • Ability to comply with attendance rules and work on a regular basis.

Responsibilities

  • Provide strategic financial leadership and oversee all financial activities across Marriott Virginia Beach Oceanfront, The Historic Cavalier Hotel and Beach Club, Autograph Collection, and Embassy Suites by Hilton Virginia Beach Oceanfront.
  • Safeguard hotel assets and ensure accurate financial reporting in accordance with Generally Accepted Accounting Principles, ownership requirements, and company standards.
  • Partner with General Managers, operational leaders, regional leadership, and ownership representatives to maximize profitability, strengthen internal controls, support strategic decisions, and improve financial performance.
  • Oversee accounting, budgeting, forecasting, financial analysis, cash management, and compliance while aligning with Marriott and Hilton brand standards and company objectives.
  • Perform special financial analysis as requested by the General Manager or Corporate Office, provide accurate reporting based on HMA requirements, and communicate timely and accurately with the ownership group.
  • Provide practical cost-versus-benefit solutions and accurate interpretations of policies; participate in Executive Committee and staff meetings; help other managers analyze statements, distributions, and other financial data; and comply with property standards and corporate standard operating procedures.
  • Maintain an effective cash-control system with audits and reports for each period, review asset security and inventory audits, and correct internal-audit deficiencies.
  • Schedule and coordinate preparation and presentation of the annual operating budget, and coordinate capital-expenditure budget activities according to standard operating procedures.
  • Control the capital-expenditure program and complete return-on-investment analyses.
  • Complete entries for financial statements, review statements for inaccurate data, and make corrections within the following period.
  • Inform the General Manager and corporate management of current and potential financial problems, keep management informed of sales and profit attainment, and coordinate the property's labor-management system.
  • Maintain appropriate standards for 60–90-day accounts and average collection periods; document local credit policy and audit property compliance; approve major accounts for credit; and conduct credit and write-off meetings as requested.
  • Review major banquet functions and group accounts for proper credit extensions before arrival, maintain bad-debt expense standards, maximize accounts-receivable realizations, and submit timely critiques and credit-loss reports.
  • Complete required financial reports and requests from corporate offices and establish additional reports or documents as needed.
  • Reconcile account balances; establish accrual, prepaid, and other account balances using appropriate accrual methods and expense-realization logic; and calculate asset-category turnover ratios and days available for comparison with standards.
  • Work with department managers to control inventory balances according to established pars and comply with company procedures on deferring payments.
  • Maintain and update departmental job descriptions and standards, establish an effective cross-training program, and identify, screen, and attract management candidates from outside the company.
  • Perform other job duties as assigned.

About the Company

Company size
Not listed
Company stage
Not listed
Total funding
Not listed
Headquarters
Not listed
Founded
Not listed

Recently Posted Jobs

Explore more opportunities at HEI Hotels & Resorts

See more jobs