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Supervise and direct all financial activities of the hotel, including the preparation of financial reports and safeguarding assets. Manage budget preparation, capital expenditures, and accounts receivable while ensuring compliance with corporate standards.
Requires 3+ years of experience in hotel or hospitality-related finance and accounting. A Bachelor's degree in Accounting or Hotel Management is preferred.
Don't meet every single requirement of this job? At HEI we are dedicated to building a diverse and inclusive workplace, so if you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, we encourage you to still send in your information. You may be the perfect candidate for this or for other roles within our organization!
We value U.S. military experience and invite all qualified military candidates to apply.
Essential Duties and Responsibilities
Executive Committee Responsibilities
Ability to perform special financial analysis as needed and /or requested by General Manager and Corporate Office.
Provide accurate financial reporting based on the HMA requirements.
Provide timely and accurate communication with ownership group.
Practical solutions from a cost vs. benefits viewpoint. Provide accurate policy interpretations.
Actively participate in Executive Committee and staff meetings.
Assist other managers in analyzing statements, distributions, and other financial data.
Support and comply with property standards and Corporate SOP's.
Financial and Accounting Practices, Procedures, and Policies
Skill in correcting deficiencies identified on Internal Audit report.
Effective use of the Controller's Checklist.
Maintain effective cash control system with audits and reports for each period.
Review security over assets and auditing inventories.
Understanding of all pertinent leases, contracts, agreements, covenants, and restrictions.
Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor.
Budget Preparation
Schedule and coordinate the preparation and presentation of the annual operating budget.
Coordinate all aspects of the capital expenditures budget according to SOP.
Capital Expenditure Control
Control the Capital Expenditure program and complete ROI Analysis.
Financial Objectives
Complete entries required for preparation of the financial statements. Review statements for inaccurate data and make corrections within the following period.
Inform the General Manager and HEI Corporate management of current and potential financial problems.
Keep management informed of sales and profit attainment throughout the period.
Coordinate the property's labor management system.
Accounts Receivable
Maintain appropriate standards for 60-90 day accounts. Conform to standards regarding the average collection period.
Documenting the local credit policy and auditing property compliances.
Approve all major accounts for credit as defined by local policy.
Conduct credit and write-off meetings as requested.
Submit accurate and timely critiques and credit loss reports as required.
Review all major banquet functions and group accounts for proper credit extensions prior to arrival.
Maintain standard regarding level of bad debt expenses as related to credit sales.
Aggressively fulfill the accounts receivable management responsibilities to maximize receivable realizations.
Responses to Corporate Staff
Complete financial required reports and requests from HEI Corporate offices. Establish other reports or documents, outside of SOP's as needed.
Balances in Asset and Liability Accounts
Reconcile account balances on a current basis.
Establish balances in accruals, pre-paid, and other accounts using proper accrual methods and expense realization logic.
Calculate various turn ratios and days available for major asset categories and compare to standards (linen, gift shop, food, beverages, guest supplies, and uniforms).
Work with Department Managers to control inventory balances according to established realistic pars.
Comply with company procedures on deferring payments.
Management of Department
Maintain and update job descriptions and standards for department.
Ability to comply with corporate and local policies for wages paid (increases and timing).
Establish an effective cross training program within the department.
Identify, screen, and attract management candidates from outside the company.
Comply with attendance rules and be available to work on a regular basis.
Perform any other job duties as assigned.
Qualifications and Skills
B.S. in Accounting or Hotel Management preferred.
3+ years experience in Hotel or Hospitality related Finance and Accounting
Analytical approach to problems, regard for detail and accuracy.
Assertive personality, professional demeanor.
Effective verbal and written communication skills. Ability to adapt communication style to suit different audiences, such as effectively communicating with supervisors, coworkers, public etc.
HEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness, creating value in your most important investment - you!
For your physical and mental wellness we offer competitive Medical and Dental programs through Anthem Blue Cross Blue Shield as well as Vision insurance programs through EyeMed. Our Vacation, Sick and Holiday programs are available for you to rejuvenate with time off. HEI also provides pet insurance through the ASPCA. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. Our 401(k) Savings Plan with matching funds, and discounts through our 'YouDecide' and Hotel Room Discount programs provide additional incentives for choosing HEI as the employer of your future. Specific details and eligibility of these programs vary by location and employment status.
HEI Hotels and Resorts is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
Founded in 1985, HEI Hotels & Resorts is one of the nation’s leading privately held hotel investment and third-party management companies. Recognizing that our success starts and ends with our associates under our pioneering culture of HEI Loves, we invest in and develop the most passionate and talented people in our industry. Our operating platform is built exclusively for institutional hotel assets in key Urban, Super-Suburban, and Resort locations. Our success is built on creating a culture of empowerment and accountability with experiences that guests appreciate, all while achieving highly profitable performance measurements. It’s a unique blend of Art and Science that has fueled our reputation and earned the trust of our unparalleled group of institutional partners.
Offices: 101 Merritt 7 Corporate Park, 1st Floor, Norwalk, CT 06851, US
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