Director of Finance

We are committed to providing
you with:

• Highly competitive compensation (salary range -
  $140,000-$160,000)
• An exceptional benefit plan for eligible associates &
  your family members
• 401K matching program for eligible
  associates
• Discounts with our Crescent managed properties in North
  America for you & your family members
• Discounts at Marriott brand
  properties worldwide

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, support and 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.

What will you
be doing?

• Evaluate 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 management
  team.
• 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 CHR requirements meeting
  various due dates and deadlines.
• 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.
• 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.
• 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.
• Perform any other job-related
  duties as assigned.

What is required?

• A
  minimum of FOUR years' experience as a Hotel Director
  of Finance.
• Demonstrated knowledge and accuracy in P&L composition,
  forecast accuracy, budgeting, cash management, and overall financial management
  that exceeds owner expectations.
• Prior experience with Marriott systems
  is preferred.
• Advanced knowledge of Microsoft
  Office.
• Self-starting personality with an even
  disposition.
• Strong communication skills.
• Ability to exercise
  judgment in evaluating situations and in making sound
  decisions.