Director of Finance

Summary

Reporting to the Hotel General Manager, The Director of Finance is accountable for leading the Finance team in managing the hotel's financial and accounting policies, systems and processes, tax and regulatory requirements, payroll systems and processes and hotel's controls, ongoing financial modeling and annual business plan. This position also provides leadership and coaching including strategic guidance to the Management team in relation to cost containment, revenue enhancement, profit improvement opportunities and safeguarding of the company's assets.



The focus of this job is connecting with employees, and motivating and inspiring them to achieve results. The work involves driving toward results by enrolling the commitment and buy-in of others. While the job requires strong initiative and self-direction, results are only achieved with and through people, so the ability to successfully influence and persuade others by understanding how their individual needs and motivations link to goals is essential. The position requires a high degree of "selling" ideas and policies within the organization. The role has variety of tasks and is dynamic and changing. Since goals and desired results can quickly change, the job requires regularly meeting with and pro-actively establishing relationships with new groups and people. The ability to understand, quickly react, and motivate others to adapt to the changing organization is a critical key to success. In general, the core of this position requires a motivated and motivating team builder and organization developer. Decisions will many times have to be made in ambiguous situations under pressure, and will generally need the ideas and advice of others. Details will need to be handled quickly and accurately.

Environment

The job environment is fast paced and results oriented. While there is urgency for goal achievement, responsibility for the achievement of results needs to be shared and effectively delegated when necessary. Initiating projects and processes beyond established practices will often require training and developing others and enlisting their support by using a "selling" rather "telling" communication style.

Sonesta Core Principles

•Operate with integrity and ethics.

•Value our employees as individuals.

•Exceed customers' expectations.

•Service with passion.

Responsibilities

•Oversee all financial operations and direct financial planning and structure of the hotel. Coordinate, analyze and report the financial performance to Hotel Management, Corporate Accounting and Owners (financial performance, projections and other special projects as required)

•Prepare short and long-term financial forecasts of financial performance for use with internal management and external parties

•Oversee audit and tax functions, coordinate activities with outside audit firms and review hotel performance Develop, implement and maintain accounting and administrative policies and procedures for a wide-ranging set of activities including financial accounting and reporting, and other corporate policies.

•Guides financial decisions by establishing, monitoring, and enforcing policies and procedures.

•Protects assets by establishing, monitoring, and enforcing internal controls.

•Monitors and confirms financial condition by conducting audits; providing information to external auditors.

•Maximizes return, and limits risk, on cash by minimizing bank balances; making investments.

•Prepares budgets by establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans.

•Achieves budget objectives by scheduling expenditures; analyzing variances; initiating corrective actions.

•Provides status of financial condition by collecting, interpreting, and reporting financial data.

•Prepares special reports by collecting, analyzing, and summarizing information and trends. Complies with federal, state, and local legal requirements by studying existing and new legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions, and when appropriate with legal counsel, to ensure consistent application of law and corporate policy.

•Ensures operation of equipment by establishing preventive maintenance requirements and service contracts; maintaining equipment inventories; evaluating new equipment and techniques.

•Completes operational requirements by scheduling and assigning employees; following up on work results.

•Maintains financial staff by recruiting, selecting, orienting, and training employees. Maintains financial staff job results by coaching, counseling, and disciplining employees; planning, monitoring, and appraising job results.

•Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.

•Protects operations by keeping financial information and plans confidential.

•Contributes to team effort by accomplishing related results as needed. Continually monitors all plans, processes and programs to ensure best practices are being utilized, making appropriate recommendations to senior management for change when needed.

•Perform other duties as assigned and may serve as "manager on duty" as required.

Requirements

Bachelor's degree with a minimum of three-five years of experience in a high-volume hospitality environment with an emphasis on pre-opening.

•Proficiency in all aspects of corporate accounting and all pertinent GAAP, SEC rules and regulations including SarbanesOxley compliance.

•High level of understanding managing Processes, Financial Software, Developing Standards, Audit, Accounting, Corporate Finance, Tracking Budget Expenses, Financial Skills, Analyzing Information, Developing Budgets, Performance Management.

•Strong written and verbal communication skills, i.e., poised and engaging, empathetic communication styles that can enliven, engage, and positively impact individuals and groups.

•Ability to partner with all levels of managers, providing a consultative approach and employee relations.

•Interact with outside contacts, customer service orientation.

•Ability to act quickly and efficiently with high degree of professionalism.

•Ability to work independently and in a team environment.

Additional Job Information/Anticipated Pay RangeBenefits:

Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including:

•Medical, Dental and Vision Insurance

•Health Savings Account with Company Match

•401(k) Retirement Plan with Company Match

•Paid Vacation and Sick Days

•Sonesta Hotel Discounts

•Educational Assistance

•Paid Parental Leave

•Company Paid Life Insurance

•Company Paid Short Term and Long Term Disability Insurance

•Various Employee Perks and Discounts

Upon.