Assistant Director of Finance

Company: The Crescent Hotels Group
Location: Redwood City
Posted on: November 13, 2024

Job Description:

DescriptionThe beautiful Grand Bay Hotel San Francisco is seeking an experienced Assistant Director of Finance. Crescent Hotels and Resorts is the industry leader in hotel management and we proudly offer robust compensation and benefits packages along with a career path for our associates which celebrates their success.The Assistant Director of Finance reports to the Director of Finance and is responsible for providing ethical and consistent leadership in the financial area to management with guidance, training, and support. The person will be responsible for 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?

• Oversee day to day operations of the Accounting Department.
• Develop an engaged, enthusiastic and service driven team of Accounting professionals.
• Recruit, develop and motivate the Accounting team.
• Assist in the preparation of financial operating statements and reports in accordance with Corporate Policy and Procedures.
• Assist departments with accounting interpretation, orientation, training, and analysis of revenue, payroll and expense matters.
• 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 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.
• Continually focus on training and development programs for finance associates.
• 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.
• Discuss weekly G/L report with department managers.
• Participate in the creation of the Annual Operating & Capital Budgets, Strategic Plan, and Monthly Operating Forecasts.
• Coordinate and ensure that all daily, semi-monthly and monthly management reports are issued on a timely and accurate basis.
• Reconcile Balance Sheet with proper back up.
• Perform any other job related duties as assigned.What is required?
  • A minimum of 5 years of experience in Hotel Accounting in a similar position.
  • College Degree in Accounting.
  • Excellent computer skills.
  • Communication skills both verbal and written.
  • Excellent leadership skills.For applicants who will be working in California, the anticipated starting compensation range for the position is $110,000 per year. The salary offered to a successful candidate will be dependent on several factors that may include, but are not limited to years of experience within the job, years of experience within the required industry, education, work location, etc.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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Keywords: The Crescent Hotels Group, Tracy , Assistant Director of Finance, Executive , Redwood City, California