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$95k–$105k/yr
Full-time
bachelor degree
Medical Insurance, Dental Insurance, Vision Insurance, Health Savings Account With Company Match, 401(k) Retirement Plan With Company Match, Paid Vacation
Posted 8d ago
~40 hrs/week
Responsibilities
The Assistant Director of Finance is responsible for planning and controlling financial operations, ensuring the security of hotel assets, and providing accurate reporting and analysis. This includes managing the accounting department staff and collaborating with department managers to maximize revenue and profitability.
Requirements
Candidates must have a bachelor's degree in Accounting or Finance and at least 3 years of accounting experience within a hotel environment. Strong leadership skills and proficiency in financial analysis and Microsoft Office are required.
Full job description
We’re Sonesta International Hotels. The 8th largest hotel company in the U.S.—and growing fast.
An epic blend of full-service and focused hotels in major cities, Sonesta’s uniquely diverse portfolio of owned, managed, and franchised properties makes us everywhere you want to be. Driven by the human side of hospitality, we deliver service with passion, loyalty with purpose, and experiences that truly connect.
Together We Thrive—bringing quality, value, and amazing hospitality to every guest, every stay, across 1000+ properties in eight countries and counting.
Job Description Summary
The Assistant Director of Finance sets the tone for Sonesta’s Culture of Caring. We expect leaders to focus on creating amazing moments for guests and team members and dig deep to find ways to create success for their team. The responsibilities of the Assistant Director of Finance include planning, organizing, directing and controlling the financial operations while ensuring the security of hotel assets, maximizing the return on investment, providing timely and accurate reporting and analysis of results and integrity of the management information systems in a decentralized accounting environment Sonesta managers are charged with providing strategic vision, ensuring tactical execution, actively managing their department to achieve the company’s revenue, profitability goals and objectives. The ideal candidate has a passion for building and motivating teams that achieve results. Sonesta managers are guest-focused (both internal and external) achievement-oriented leaders.
Job Description
Ensure compliance with company policies and local standard operating procedures.
• Assist in the completion of timely and accurate annual budget and periodic forecasts
Prepare accurate, timely and complete monthly financial statements with detailed workpapers and schedules in accordance with the company’s policies and procedures, applicable hotel management agreements, Generally Accepted Accounting Principles (GAAP) and the Uniform System of Accounts for the Lodging Industry (USALI).
Develop and implement local accounting and financial control procedures and systems to ensure compliance with Sarbanes-Oxley (Sox) 404 key controls, safeguard assets, improve operations and profitability.
Responsible for risk management to preserve hotel property and reduce potential liability claims. • Manage and control receivables, payables, credit, payroll, cash handling and treasury functions with the hotel’s accounting department staff.
Develop, implement and monitor hotel-specific A/R Responsibility Matrix and credit and collection practices in compliance with company-level policies and procedures.
Distribute outlook and forecast information as an up-to-date management tool for operating departments, review and analyze variance versus actual results to measure and improve accuracy.
Collaborate with department managers to provide clear explanations for budget and forecast variances, along with commentary on financial discrepancies.
Maintain insurance coverage for protection against property losses and potential liabilities.
Use financial and operational performance analysis, including benchmarking, to maximize hotel’s revenue, GOP flow-through and bottom-line financial return.
Assist operations to improve the accuracy of work schedules and set labor standards to maximize productivity. Monitor and accurately measure actual labor usage versus labor standards to ensure timely reporting and decision-making.
Comply with record retention as required for internal and external audits, coordinate audit visits and respond to auditor requests. Ensure compliance with government regulations, federal, state and local laws and contractual agreements.
Perform any other job-related duties as assigned.
Strategy and Planning: Set departmental goals and strategy to align to company mission. Provide leadership by clearly communicating financial concepts when rolling out initiatives and projects, measures and reports on actual versus anticipated results. Develop a strong business relationship with owners by understanding the priorities and strategic focus, attending and participating in meetings, addressing owner requests and initiatives, and demonstrating a comprehensive understanding of the terms and provisions of hotel management agreements. Ensure that all licenses, permits, contracts and legal agreements are up to date.
Managing your Team interview, train, and promote Finance department staff. Provide constructive and consistent feedback and recommend disciplinary action when appropriate. Ensure team members receive proper training applicable to their position and career aspirations and in accordance with company policy. Responsible for monitoring, measuring, and recognizing performance of team members who directly report to the role and indirect reports Support, comply and promote company initiative, policies and guidelines. Handle employee issues in a professional and timely manner.
Leading with Passion Responsible for ensuring success through the eyes of employees, guests, and owners. Promote teamwork and quality service to all stakeholders including guests, vendors, Accounting staff, regulatory agencies and owners. Utilize and collaborate with resources across different departments and corporate office. Capable of influencing employees to perform to their highest standard and establishing a trusting environment to enrich the culture. Focus on the mission and well-being of the department, hotel, and company as a whole. Lead by example and operate with integrity and respect. Inspire your team to embrace and demonstrate our values and GUEST People Standards. Qualifications and Skills A candidate for this position must possess the following applicable knowledge, skills and abilities and be able to demonstrate and provide applicable examples to support his/her competency.
Qualifications and Skills
Bachelor’s degree in Accounting/Finance or equivalent required.
3+ years’ experience in accounting in a hotel environment.
Demonstrated progressive career growth and a pattern of exceptional performance.
Track record of delivering exceptional guest and client experience.
Demonstrable expertise in analysis and action taking.
Demonstrate ability to interact with customers, employees and third parties that reflects highly on the hotel, the brand and the company.
Excellent verbal and written communication skills.
Excellent interpersonal and customer service skills.
Excellent organizational skills and attention to detail.
Strong analytical and problem-solving skills.
Strong supervisory and leadership skills.
Ability to prioritize and organize work assignments.
Extensive knowledge of hotel and hospitality industry.
Proficient with Microsoft Office Suite or related software.
Work Environment:
Majority of work takes place indoors in an office environment
The person in this role may be exerting up to 50 pounds of force occasionally, and/or 20 pounds of force frequently or constantly.
The person in this role may be carrying, lifting or pulling items weighing up to 50lbs
The person in this role will be frequently standing up, bending, climbing, kneeling, and moving about the hotel.
Must be flexible to work variable days of the week to include
Must be flexible to work variable
Additional Job Information/Anticipated
Pay Range
Pay Range $95.000 -$105.000 Annual Base pay offered may vary depending on various factors including but not limited to job related knowledge, skills and job specific experience/overall experience.
Benefits
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
Hospital Indemnity
Critical Illness Insurance
Accident Insurance
Sonesta is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.
Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered.
Related keywords
Hospitality IndustryFinancial StatementsInternal AuditExternal AuditGOP Flow-throughBenchmarkingLabor StandardsManagement Information SystemsHotel Management AgreementsCredit and CollectionFinancial Control ProceduresAsset SafeguardingRegulatory ComplianceStrategic Planning
Sonesta is now the 8th largest hotel company in the US, with 13 brands that consist of 1100 hotels, 100K+ rooms across 11 countries and three continents which include The Royal Sonesta, The James Hotels, Classico Collection by Sonesta, Sonesta Hotels & Resorts, MOD Collection by Sonesta, Sonesta Select, Sonesta ES Suites, Sonesta Simply Suites, Red Lion Hotels, Inns & Suites by Sonesta, Signature Inn by Sonesta, Americas Best Value Inn by Sonesta and Canadas Best Value Inn by Sonesta.
With the growth of the company, we have also expanded our award-winning guest loyalty program – Sonesta Travel Pass. Offering guests a variety of travel experiences, free nights, value added perks, points that can be redeemed at any of Sonesta's hotels.
Sprung from the classic hoteliers of the mid-20th century, Sonesta is a collection of hotels, resorts, suites and cruises enjoys a rich history celebrating over 85 years in hospitality. When savvy travelers stay in one of our locations throughout the world, they are treated to a genuine experience, reflective of the culture and personality of the destination. Guests are always delighted to find that we have let the outside culture in!
As one of the original hoteliers in the United States, Sonesta has a solid understanding of what drives the passion for travel – service, beautiful surroundings and an unmatched destination experience delivered with style. It’s our employees who deliver on this promise with integrity and passion, ensuring our future will be as strong as our past.
Discover what you have been missing at Sonesta. Join us. We can’t wait to meet you.
Offices: 400 Centre St, Newton, Massachusetts 02458, US
Integrity. Authenticity. Quality. Concern. These four cornerstones keep the Sonesta family of hotelsguestsemployees and communities strong. We invite you to experience our Culture of Caring for yourself.LifestyleLeisureHospitalityHotelAsset ManagementReal EstateEvents
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