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About the Role

The Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Highgate Hotels ‘s Standard Operating Procedures; and safeguarding owners/investors assets.

Responsibilities

Effectively manage and communicate cash flow related issues, including accurate and timely preparation of monthly financial statements, cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Highgate Hotels established guidelines.
Monitor and control the Hotel’s cash flow and operating forecast.
Create annual budgets and monthly variance analysis, investigating and critiquing variances to budget or prior year and offering practical improvement methodologies to management.
Ensure hotels’ compliance with 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.
Analyze financial data and operations to assist and advise management in maintaining the hotels’ financial objectives.
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.
Establish and continually 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, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
Hire, train, supervise and develop staff, including coaching, counseling and discipline.
Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines.
Timely interact with Executive Committee members to assure that property operations are on track and under control at all times.
Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
Monitor the accurate production of the hotel daily operating report.
Execute other special projects and responsibilities as assigned.

Requirements

At least 5 or more years of Hospitality Finance/Accounting experience.
Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
Excellent verbal and written communication skills.
Must supervise 2 or more employees.
Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.

Skills

Finance
Accounting
Cash flow management
Financial reporting
Internal controls
Budgeting
Variance analysis
Regulatory compliance
Financial data analysis
Audit
Staff supervision
Windows
Spreadsheets
Word processing
Hotel-specific systems

Location

Nob Hill
San Francisco

Work Type

Full-time

Experience Level

5+ years

Education Level

Bachelor's degree in Finance or Accounting

Benefits

Medical insurance
Dental insurance
Vision insurance
Life insurance
Short-term disability insurance
Long-term disability insurance
401(k) Retirement Plan with employer matching contributions
Paid holidays
Paid vacation
Paid sick leave
Employee assistance program (EAP)
Educational opportunities / Tuition reimbursement
Paid jury duty leave
Personal leave
Medical leave
Military leave

About the Company

Highgate is a leading real estate investment and hospitality management company with over $15 billion of assets under management and a global portfolio of more than 400 hotels spanning North America, Europe, the Caribbean, and Latin America.
With a 30-year track record as an innovator in the hospitality industry, this forward-thinking company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition.
Highgate continues to demonstrate success in developing a diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts, featuring contemporary programming and digital acumen.
The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value.
With an executive team of seasoned hospitality leaders and corporate offices worldwide, Highgate is a trusted partner for top ownership groups and major hotel brands.