Director of Finance

Overview

Oversee hotel financial operations, reporting, budgeting, and compliance.

Key Responsibilities

• compliance management
• financial reporting
• cash flow
• budgeting
• forecasting
• internal controls

Tasks

-Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel. -Monitor the accurate production of the hotel daily operating report. -Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items. -Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations. -Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives. -Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds. -Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management. -Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines. Monitors and controls Hotel’s cash flow and operating forecast. -Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times. -Monthly: Financial Statements, Forecasting KeyStatistics Report, Cash Flow -Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations -Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly. -Hire, train, supervise and develop staff, including coaching, counseling and discipline. -Directs or prepares all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines, i.e: -Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.

Requirements

• finance director
• 5+ years
• supervision
• audits
• bachelor's
• hotel systems

What You Bring

-Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel. -At least 5 or more years of Hospitality Finance/Accounting experience. -Must supervise 2 or more employees -Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis. -Bachelor’s degree required preferably in Finance or Accounting. -Excellent verbal and written communication skills. -Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.

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About Highgate

-Specializes in identifying and unlocking value across the hospitality and real estate sectors. -Has a strong presence in major markets worldwide, with a diverse portfolio spanning luxury, boutique, and extended-stay properties. -Expertise includes hotel operations, development, asset management, and investment strategies. -Approach focuses on strategic acquisitions, partnerships, and repositioning of underperforming assets. -Notable projects include the management of high-end hotels in prime locations, ranging from urban centers to resort destinations. -Known for innovative strategies and the ability to transform and enhance real estate properties. -Continuously leverages market insights and technology to stay at the forefront of the hospitality and real estate industries.

Sector Specialisms