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About the Role

The Director of Finance – Task Force provides financial leadership and accounting support until a permanent Director of Finance is hired and trained. This remote role requires significant travel across Highgate’s footprint, acting as the senior Accounting/Finance person for hotels with a vacant Director of Finance position. Responsibilities include all aspects of fiscal management, financial controls, accounting, and financial reporting, as well as training new Directors of Finance.

Responsibilities

Approach all encounters with guest and teammates in an attentive, friendly, courteous, and service-oriented manner.
Comply with Highgate Hotels’ standards and regulations to encourage safe and efficient hotel operations.
Maximize efforts towards productivity, identify problem areas and assist in finding and implementing their solutions.
Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines.
Effectively manages and communicates cash flow related issues, including accurate and timely preparation of monthly financial statements.
Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines.
Prepare and present Proration Schedules during a hotel transition (if required).
Communicate with owners, asset managers, lenders, investors, and other stakeholders regarding financial performance.
Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes.
Understand and maintain all capital expenses at the assigned hotel.
Analyze financial data and operations to assist and advise management in maintaining the hotels’ financial objectives.
Prepare financial analysis as requested, including ROI and labor strategies.
Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
Audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
Ensure successful completion of all internal and external financial audits.
Manage staff including hiring and supervision, and focus on training and development programs for accounting associates.
Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
Timely interact with Executive Committee members to assure property operations are on track.
Monitor hotels’ compliance in meeting required report deadlines and due dates.
Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships and promote morale, productivity, and efficiency.
Monitor the accurate production of the hotel daily operating report.
Execute other special projects and responsibilities as assigned.

Requirements

Bachelor degree and a minimum of 4 years of related progressive experience; or an Associate degree and a minimum of 8 years of related progressive experience.
Experience as Director of Finance at a hotel with a decentralized accounting structure is required.
Must be able to convey information and ideas clearly.
Must have experience in Oracle and IBM TM1 software.
Must be able to evaluate and select among alternative courses of action quickly and accurately.
Must be effective in handling problems in the workplace, including anticipating, preventing, identifying, and solving problems.
Must have the ability to assimilate complex information, data, etc., from disparate sources and consider, adjust, or modify to meet the constraints of the need.
Must be effective at listening to, understanding, and clarifying the concerns and issues raised by teammates and guests.
Must be able to work with and understand financial information and data, and basic arithmetic functions.

Skills

Financial management
Financial controls
Accounting
Financial reporting
Cash flow management
Revenue and expense monitoring
Proration schedules
Stakeholder communication
Regulatory compliance
Capital expense management
Financial analysis
ROI analysis
Labor strategy analysis
Standard accounting policies and procedures
Internal controls
Balance sheet account reconciliation
General ledger reconciliation
Auditing
Staff supervision
Training and development
Oracle
IBM TM1

Location

Highgate Corporate Office New York City, NY
Remote

Work Type

Remote
Requires significant travel (up to 90%)
Requires working long hours when necessary

Experience Level

Director level
Minimum 4 years of related progressive experience (with Bachelor's degree)
Minimum 8 years of related progressive experience (with Associate's degree)
Experience as Director of Finance at a hotel with a decentralized accounting structure
Experience in supervising employees

Education Level

Bachelor degree
Associate degree

About the Company

Highgate is a premier real estate investment and hospitality management company recognized as an innovator.
Highgate is a dominant player in U.S. gateway markets and has a rapidly expanding presence in Europe, Latin America, and the Caribbean.
Highgate’s portfolio of global properties exceeds $20B in asset value and generates over $5B in cumulative revenues.
The company provides expert guidance through all stages of the hospitality property cycle.
Highgate develops bespoke hotel brands and utilizes industry-leading proprietary revenue management tools.
Highgate maintains corporate offices in London, New York, Dallas, and Seattle.