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About the Role

The Director of Finance provides leadership and direction to the entire Finance team while ensuring the long-term financial health and growth of the hotel. The ideal candidate has strong food & beverage experience as well as hotel experience.

Responsibilities

• Direct and administer all financial operations of the hotel including asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.
• Ensure compliance with all Generally Accepted Accounting Principles (GAAP).
• Oversee all aspects of accounts receivable, credit, accounts payable, income audit, payroll, cash handling, cash control, purchasing and receiving.
• Monitor and approve all sales, purchases, salaries and expenses of the hotel.
• Assist and counsel department heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability.
• Serve as financial advisor to hotel management and ownership.
• Responsible for weekly cash flow forecast/planning and determining weekly check run.
• Oversee preparation of monthly financial reporting package including financial statement, balance sheet, and cash flow.
• Reconcile monthly billings and receivables with the hotel accounting team.
• Reconcile balance sheet.
• Prepare monthly state and city sales tax.
• Record monthly accruals.
• Lead monthly P & L reviews and forecast meetings with the management team and ownership.
• Allocate expenses amongst F&B outlets.
• Review inventory.
• Prepare Monthly Financial package including P&L Consolidated, P&L Detail by Outlet, Revenue analysis, Balance sheet, Forecast, and Exec Summary.
• Prepare annual plan, projections and budgets.
• Implement financial controls.
• Review and update payroll allocations.
• Conduct ROI analysis.
• Review contracts.
• Oversee external audits for worker’s compensation, sales tax, and other insurance.
• Manage year-end audit/tax.
• Support with recruitment, facilitation of interviews, and selection of Finance team members and leaders.
• Conduct new hire training and encourage growth and continued training for established team members.
• Empower team to deliver the highest quality guest experience.
• Provide coaching and support to the Finance team.
• Utilize interpersonal and communication skills to lead, influence, and inspire team.
• Solicit feedback and utilize an open-door policy encouraging transparency and healthy communication.
• Build and maintain a culture that maximizes guest and employee experience and attracts top talent.
• Establish and maintain collaborative internal and external relationships and ensure direct reports do the same.
• Celebrate successes and publicly recognize contributions.
• Participate in team member recognition programming.
• Participate in the implementation of corrective action plans.
• Ensure policies and procedures are followed by the team and administer fair and consistent disciplinary action including documentation of corrective action plans.

Requirements

• 8+ years’ experience in hospitality finance management.
• 3 years in a leadership role.
• Luxury hotel experience preferred.
• Working knowledge of local financial practices and taxation; work experience in country required.
• Must be able to maintain confidentiality of information.
• Ability to work flexible hours.

Skills

• Strong command of software applications, especially Microsoft Office (Word, Excel, PowerPoint) and hotel-specific platforms (Infor-HMS, ADP, Birchstreet, M3 Accounting Core).
• Excellent written and verbal communication skills.
• Effective listening, understanding, and clarifying skills.
• Strong leadership skills.
• Highly-developed organizational abilities.
• Sound administrative skills.
• Ability to prioritize departmental functions to meet deadlines.
• Working knowledge of food and beverage and hotel cost controls.

Location

• Williamsburg

Work Type

• Full-time

Experience Level

• 8+ years in hospitality finance management
• 3 years in a leadership role

Education Level

• College Degree in Finance or related degree required.

Salary/Compensations

• $145k - $160k

About the Company

• The William Vale aims to blend the authenticity of the Williamsburg neighborhood with a forward-thinking approach to the hospitality experience.
• The William Vale offers a comfortable contemporary atmosphere combined with intuitive design and modern comfort – we pride ourselves on offering warm hospitality to all.
• We understand that for our Colleagues to give their best work, we must meet (and exceed!) their expectations as an employer.
• We promote a culture of respect, diversity, career growth and fun.
• Success awaits motivated individuals who join our team.

Equal Opportunity

• We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.