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Director of Finance
Cleveland, OHDirector of Finance – Cleveland, Ohio
Join our prestigious, rapidly expanding client, a leading Hotel Management Firm in the United States, renowned for its exceptional success and expansive portfolio of over 140 managed properties. We are currently seeking a dynamic and experienced Director of Finance (DOF) for a full-service, luxury hotel property in in the historic city of Cleveland, Ohio. Elevate your career with us and be a part of our thriving team dedicated to excellence in hospitality management. Apply now and take the next step towards a rewarding and fulfilling career in the heart of the hospitality industry.
Responsibilities:
Cordia by Cherry Bekaert: Is a leading national recruiting and staffing firm that is part of the Advisory services of Cherry Bekaert. Headquartered in the Washington, DC area we focus on building strong relationships with employers and job seekers, like you, because we care about opening new doors to career opportunities and helping our clients grow. We offer Direct Hire and Temporary staffing solutions (with “best - in-class” Consultant Care programs), multi - project opportunities, health and retirement benefits, participation in company events, and more.
IND123
Join our prestigious, rapidly expanding client, a leading Hotel Management Firm in the United States, renowned for its exceptional success and expansive portfolio of over 140 managed properties. We are currently seeking a dynamic and experienced Director of Finance (DOF) for a full-service, luxury hotel property in in the historic city of Cleveland, Ohio. Elevate your career with us and be a part of our thriving team dedicated to excellence in hospitality management. Apply now and take the next step towards a rewarding and fulfilling career in the heart of the hospitality industry.
Responsibilities:
- Effectively manage and communicate cash flow related issues, as required to management and ownership.
- Accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
- Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
- Ensure Hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
- Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
- Analyze financial data and operations in order to assist and advise management in maintaining the Hotels’ financial objectives.
- Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.
- Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
- Direct and/or prepare all financial reports in accordance with requirements meeting various due dates and deadlines:
- Review Balance Sheet reconciliations and ensure proper documentation.
- Count cashier banks and main vault for accuracy.
- Monitor financial controls and adherence to compliance checklist.
- Analyze actual financials against forecasts to improve accuracy.
- Participate in monthly Credit Meeting and collaborate with Department Heads on forecasts.
- Complete Internal Control Questionnaire and conduct surprise payroll audits bi-annually.
- Participate in annual budget planning with Department Heads.
- Prepare necessary financial analysis for ownership and external accounting firms.
- Attend and contribute to various meetings for effective communication and employee morale.
- Ensure compliance with report deadlines and maintain efficiency in operations.
- 5+ years of experience in hotel, RE, property accounting or related field
- ADOF/DOF training required
- Four (4) year college degree is preferred
- Independent hotel training preferred
- Strong PMS/property systems preferred
- M3 or Profit Sword systems preferred
- Sense of ownership, an operational knack for success and an eye for numbers
Cordia by Cherry Bekaert: Is a leading national recruiting and staffing firm that is part of the Advisory services of Cherry Bekaert. Headquartered in the Washington, DC area we focus on building strong relationships with employers and job seekers, like you, because we care about opening new doors to career opportunities and helping our clients grow. We offer Direct Hire and Temporary staffing solutions (with “best - in-class” Consultant Care programs), multi - project opportunities, health and retirement benefits, participation in company events, and more.
IND123