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Complex Director of Finance

Company: Renaissance Hotel Asheville
Location: Portland
Posted on: May 28, 2023

Job Description:

This position is based in Asheville, North Carolina. Relocation assistance is provided. Company OverviewWindsor Capital Group is a top-performing hotel development and hospitality management company. We own and operate select and full-service premium branded and independent hotels nationwide. WCGs core expertise is its service-oriented approach that goes beyond the guest. We value long term relationships in the hospitality industry that make our portfolio growth possible. WCG gains its competitive advantage by developing talent within the organization who embody the same entrepreneurial spirit of our leadership team and who seek to create value through tireless innovation and a tight focus on the operational details. Purpose:As the properties strategic financial business leader, the Complex Director of Finance is responsible for creating and executing business plans aligned with each propertys business strategy. Functions include planning, organizing, directing, and controlling the financial operations of two or more assigned hotels while ensuring the security of hotel assets, maximizing the return on investment, providing timely and accurate reporting and analysis of results, and maintaining the integrity of the management information systems in a centralized accounting environment. The Complex Director of Finance reports directly to the General Manager of the assigned home hotel and the General Manager(s) of the other appointed hotels and the VP Finance regarding financial matters. As a member of the hotels Executive Committees, the Complex Director of Finance is a highly visible role with exposure to Senior Corporate leaders. Essential Functions: -Ensure compliance with Company policies, plus local and standard operating procedures. -Recruit and manage qualified hotel Finance staff, communicate goals, recommend and initiate salary, disciplinary, or other staffing-related actions per company rules and policies and applicable federal, state, and local laws. -Identify and promote high-potential staff members through a customized Personal Development Program, cross-training, and task force opportunities. -Lead in the completion, review, and presentation of monthly forecasts, annual operating and capital budgets, and business plans prepared by hotel management teams to provide stakeholders with reasonable and achievable guidelines of performance aligned with the Companys and brands strategic direction. -Prepare accurate, timely, and complete monthly financial statements with detailed work papers and schedules per the Companys policies and procedures, applicable hotel management agreements, Generally Accepted Accounting Principles (GAAP), and the Uniform System of Accounts for the Lodging Industry (USALI). -Develop and implement local accounting and financial control procedures and systems to ensure Sarbanes-Oxley (Sox) 404 key controls compliance, safeguard assets, and improve operations and profitability. -Responsible for risk management to preserve hotel property and reduce potential liability claims. -Ensure the hotel complies with all federal, state, and local laws and fiscal regulations, including license and permit requirements. Operational/Functional: -Manage and control receivables, payables, credit, payroll, cash handling, and treasury functions with the staff of the assigned hotels Finance departments. -Complete all formal performance appraisals, provide staff with coaching, timely, constructive feedback, and utilize both counseling and progressive discipline to recognize and enhance staff performance. -Provide analytical support to identify cost-saving and productivity opportunities for the properties managers. -Distribute forecast information as an up-to-date management tool for operating departments, review and analyze variance versus actual results to measure and improve accuracy. -Provide leadership by clearly communicating financial concepts when rolling out initiatives and projects, measures and reports on actual versus anticipated results. -Collaborate with department managers to provide stakeholders with meaningful explanations for variances in budget. -Use financial and operational performance analysis, including benchmarking, to maximize each assigned hotels revenue, GOP flow-through, and bottom-line financial return. -Assist operations in improving the accuracy of work schedules and setting labor standards to maximize productivity. Monitor and accurately measure actual labor usage versus labor standards to ensure timely reporting and decision-making. -Ensure adequate communication and compliance of hotel personnel with the Company Code of Ethics. -Comply with record retention as required for internal and external audits, coordinate audit visits, and respond to auditor requests. Ensure compliance with government regulations, federal, state, and local laws, and contractual agreements, including CBAs. -Monitor purchasing /ordering/delivery compliance and analyze reports from Company mandated buying programs. -Ensure adequate insurance coverage and COIs provided by third-party contractors. -Ensure timely and accurate reporting to insurance carriers of all potential liability or property claims incidents. -Assist with other duties as required.

Keywords: Renaissance Hotel Asheville, Portland , Complex Director of Finance, Executive , Portland, Oregon

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