Director of Finance

Negotiable
Experience
3-5 years
Job Type
Full Time
Location
United States, Dallas
Job Description

Description

At Crescent Hotels & Resorts,
we are a team of hospitality professionals that are deeply connected to & proud
of the exceptional experiences we provide for our guests. More than that,
we know our Associates are the shining stars of what we do!

We understand
what it takes to be a part of something great. We will encourage you to bring
your true self to work every day, we will celebrate you and we will cheer you
on as you shine bright in your career journey. Whether it be our health &
wellness programs, best in class learning and development or our travel
discounts that ‘feed your inner explorer’, we work hard to create and deliver
on what YOU need.

The Westin Dallas Park Central offers the opportunity
to be part of one of North Dallas' premier full-service hotels, featuring over
500 guest rooms, expansive meeting and event space, and a strong mix of business
and group travelers. Conveniently located near Dallas' major corporate
headquarters and business districts, the hotel plays a key role in one of
the city's most dynamic hospitality markets.

As Director of Finance, you'll serve as a strategic business partner to
the Executive Committee, helping drive the financial success of a high-volume
Marriott-branded property while contributing to an exceptional guest
experience.

JOB SUMMARY

The Director of Finance
is responsible for providing ethical and consistent leadership in the financial
area of the hotel by supplying management with guidance, training and support.
The Director of Finance is also responsible for focusing on the profitability
of the business, maintaining accurate and timely financial reporting, ensuring
acceptable levels of internal controls, ensuring compliance with all federal,
state, and local regulations, and safeguarding owners/investors
assets.

RESPONSIBILITIES

Financial:


  • Acts as the “Chief Business Officer” to the general manager and EC Team, and
    as such is responsible for evaluating the financial impact on business
    decisions.
  • Ensure that all levels of management are promptly notified
    of any financial deviations from established policies and/or control weaknesses
    in the hotel.
  • Effectively manage and communicate cash flow related
    issues, as required to management and ownership. This includes the 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 Crescent Hotels and Resorts 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. Provide assistance to management
    in enforcing compliance on all these items.
  • 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.

  • Embrace a continuous growth environment by actively hiring professional staff
    and assisting in recruiting, reviewing, recommending and maintaining
    an inventory of qualified and promotable Associates that can potentially become
    Controllers, Assistant Controllers, Accounting Managers, and other managers
    for the organization.
  • Continually focus on training and development
    programs for finance associates to cultivate the “brightest” and “best” talent
    within the industry.
  • Hire, train, supervise and develop staff,
    including coaching, counseling and discipline.
  • Maintain compliance
    with Crescent Hotels and Resorts standards and regulations to ensure safe
    and efficient operation of the hotel.
  • Ensure proper utilization,
    maintenance and periodic upgrades of all IT systems and equipment.

  • Direct and/or prepare all financial reports in accordance with IHR requirements
    meeting various due dates and deadlines:

    Daily:


  • Review and submit a Daily Revenue Report.
  • Ensure timely deposit of all
    cash and transmission of Credit Cards.
  • Review Labor Report for overtime
    and any variance to Forecast.

    Weekly:

  • Review
    departmental Checkbooks and advise of any needed changes.
  • Distribute
    and discuss weekly G/L report with department managers.
  • Update GM
    on any unfavorable financial issues impacting the month.
  • Ensure there
    is sufficient cash to meet all scheduled
    obligations.

    Monthly:

  • Reconcile Balance Sheet
    with proper back up.
  • Ensure that all banks are counted.
  • Count
    the main vault.
  • Review “Key Financial Controls” Checklist to ensure
    adherence and compliance.
  • Review actual numbers to forecast to find
    discrepancies in forecasting to improve accuracy in future months.

  • Participate in the monthly Credit Meeting.
  • Actively participate,
    complete and review the forecast with Department Heads prior
    to submission.

    Annual:

  • Complete the Internal
    Control Questionnaire (ICQ) bi-annually.
  • Conduct a surprise payroll
    audit bi-annually.
  • Actively participate, complete and review the annual
    budget with Department Heads prior to submission.
  • Prepare all analysis
    that may be required by ownership and outside accounting firms.
  • Conduct
    and/or attend and contribute to periodic meetings to maintain favorable working
    relationships among employees and promote maximum morale, productivity,
    and efficiency:

    Executive Committee Sales & Service Financial
    Review

    Departmental Budget & Forecast Credit & Collection Business Review
    Meeting

  • Ensure and monitor that the hotel is in compliance with all
    report deadlines and due dates and reacts accordingly.
  • Maximize efforts
    towards productivity, identify problem areas and assist in finding
    and implementing their solutions.
  • Approach all encounters with guests
    and employees in an attentive, friendly, courteous and service-oriented
    manner.
  • Maintain regular attendance in compliance with Crescent Hotels
    and Resorts standards, as required by scheduling which will vary according
    to the needs of the hotel.
  • Maintain high standards of personal
    appearance and grooming, which include wearing the professional attire
    and nametag when working.
  • Comply at all times with Crescent Hotels
    and Resorts standards and regulations to encourage safe and efficient hotel
    operations.

    Management:

  • Participate in M.O.D.
    coverage as required.
  • Attend meetings/training as required
    by management.
  • Perform other duties as requested
    by management.

    QUALIFICATION
    STANDARDS

    Education & Experience:


  • A minimum of 8 years of related progressive experience in hotel Accounting
    or related field; or a 4-year college degree with an Accounting/Finance
    concentration and a minimum of 4 years of related progressive experience; or
    a 2-year college degree and a minimum of 6 years of related progressive
    experience.

    Physical Requirements:

  • Long hours
    sometimes required.
  • Sedentary work, exerting up to 25 pounds of force
    occasionally and/or negligible amount of force frequently or constantly to lift,
    carry, push, pull or otherwise move objects.

    Mental
    Requirements:

  • Must be able to convey information and ideas
    clearly.
  • Must be able to evaluate and select among alternative courses
    of action quickly and accurately.
  • Must work well in stressful, high
    pressure situations.
  • Must maintain composure and objectivity under
    pressure.
  • Must be effective in handling problems in the workplace,
    including anticipating, preventing, identifying and solving problems
    as necessary.
  • Must have the ability to assimilate complex information,
    data, etc., from disparate sources and consider, adjust or modify to meet
    the constraints of the particular need.
  • Must be effective at listening
    to, understanding, and clarifying the concerns and issues raised by co-workers
    and guests.
  • Must be able to work with and understand financial
    information and data, and basic arithmetic functions.
  • Must be able
    to prioritize departmental functions in order to meet due dates
    and deadlines.

    Equal Opportunity Employer/Protected Veterans/Individuals
    with Disabilities

    This employer is required to notify all applicants
    of their rights pursuant to federal employment laws.

    For further information, please review the href="https://www.eeoc.gov/poster">Know Your Rights notice from
    the Department of Labor.

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