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Director of Finance

posted December 8, 2019

Waldorf Astoria Atlanta Buckhead
Atlanta, GA
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773198 l

About This Job

Description

The Director of Finance is responsible for the determination of optimum control objectives and for the installation and maintenance of appropriate internal control systems over income, expenditure, assets and liabilities within the hotel. In the performance of these duties, the Director of Finance must maintain a spirit of responsiveness among all persons and functions supervised, in order to produce a positive and unified approach to the fulfilment of all responsibilities of the position. This position provides support to the General Manager in providing continuous leadership and guidance in matters relating to the financial operation of the hotel by assisting in the preparation of accurate and timely financial reports, overseeing daily operation of the Accounting Department activities and internal control procedures designed to safeguard owners/investors assets and ensures compliance with all Federal, State, Local regulations. Additional responsibilities include staffing, training, scheduling of Team Members; planning, organizing, directing and coordinating inter and intra department activities to ensure efficient Financial Operations.


Organizational Structure


The Director of Finance reports to the General Manager.

Duties and Responsibilities

  • Support Company’s philosophy and company culture
  • To direct, manage and support the development, implementation, maintenance and administration of all financial controls and accounting procedures, based upon a maximization of internal control techniques consistent with Waldorf Astoria Hotels and Resorts established policy and generally accepted accounting principles, as adapted to the requirements of the hotel’s management contract and other local legal requirements.
  • The Director of Finance is required to play an active role in the management of the hotel and to exercise a responsive attitude to the needs of the General Manager and other members of the hotel management team.
  • To ensure compliance to terms and conditions of the hotel’s management contract, with particular regard to provisions relating to the company’s responsibilities as the managers and bringing any discrepancies to the immediate attention of the General Manager and Waldorf Astoria Hotels and Resorts corporate management.
  • To be actively involved in the search for opportunities to improve the profitability of the hotel and encourage the preparation of exception reports and analyses to help meet and measure the success of this objective.
  • To ensure compliance with Lender’s reporting requirements
  • To ensure timely reporting of taxes at the city, district and federal level in conjunction with Waldorf Astoria Hotels and Resorts tax reporting requirements in the U.S.
  • To carry out any other duties that may be reasonably requested by the General manager or Waldorf Astoria Hotels and Resorts corporate.
  • To organize an efficient treasury function to provide proper management of the hotel’s working capital and cash flow in accordance with Waldorf Astoria Hotels and Resorts minimum guidelines and within the requirements of the hotel’s management contract. Also, to ensure excessive investment is not made in receivables or inventories and that sufficient liquidity is maintained to meet the hotel’s obligations.
  • To review and critique project capital expenditure reports to ensure that both the General Manager and Waldorf Astoria Hotels and Resorts are provided with complete and accurate information.
  • To continuously monitor economic, social and governmental trends and policies to ensure the General Manager and Waldorf Astoria Hotels and Resorts corporate management are kept fully appraised of any implications which may affect the performance of the hotel in meeting its financial objectives.
  • To be responsible for the efficient operation and maintenance of the hotel’s computerised data processing function within the Waldorf Astoria Hotels and Resorts established guidelines.
  • To ensure all financial reports, budgets, forecasts and other information required by Waldorf Astoria Hotels and Resorts are accurately compiled and submitted within the specified time limits, identifying variances and making recommendations for improvements as appropriate.
  • To personally review forecasts and budgets prepared by hotel management to ensure the General Manager and Waldorf Astoria Hotels and Resorts corporate management are provided with guidelines of performance that are both reasonable and achievable.
  • To be responsible for all financial reporting and managing of the Master Association Accounts for ownership.
  • To ensure all legal, treasury and tax documentation is properly maintained and secured and that all statutory and fiscal reporting requirements are satisfied, which will include any governmental requirement for permits and licences.
  • To ensure adequate controls are installed and maintained for the protection of the hotel’s assets against loss or misappropriation.
  • To ensure adequate insurance coverage is maintained to protect the assets of the hotel with particular regard to the requirements contained in the hotel’s management contract.
  • Assume full responsibility for the proper control of all cash funds and other assets for subordinates.
  • To work with the Human Resources Director to establish sound compensation and benefits structure within the hotel.
  • To assume all responsibilities and duties required for the various company secretarial functions in respect of Waldorf Astoria Hotels and Resorts’ legal presence in the United States.
  • To establish a comprehensive credit and collection policy for the hotel based on good industry practice and within the guidelines provided by Waldorf Astoria Hotels and Resorts.
  • To manage, supervise and support all subordinate Team Members, with a view to optimizing the profitability of the hotel and improving the guest experience.
  • To initiate Team Member development and evaluation programs for all subordinate staff to ensure the highest level of professional competence and efficient continuity within those positions.
  • Positions directly supervised will include the Assistant Director of Finance and Purchasing Supervisor
  • Other duties as assigned.




Requirements

The Waldorf Astoria Atlanta Buckhead is not hiring an experienced Director of Finance to lead its team! Luxury experience is a plus.



Requirements:


  • Bachelor’s degree in Accounting, Finance or Hospitality Management
  • Director or Assistant Director hotel finance experience
  • Experience with hands on budgeting and forecasting
  • Experience with owner relations
  • Prolific in all Windows Based Software Application
  • Strong Level of Proficiency in Excel
  • Ability to assemble, analyze, understand integrated spread sheets and complex technical information
  • Prioritization skills necessary to meet deadlines
  • Effective management, leadership, organizational and communications skills
  • Ability to work flexible schedule to include weekends and holidays


Preferred:

  • Luxury experience
  • Hilton proprietary experience
  • Strong Team Player, enthusiastic to learn and accomplish the Finance Department and Waldorf Astoria Hotels and Resorts Overall Goals.












EOE/AA/Disabled/Veterans

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About This Employer

Waldorf Astoria Atlanta Buckhead

3376 Peachtree Road NE
Atlanta, GA 30326

(404) 995-7500

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Our Hotel

Welcome to Waldorf Astoria Atlanta Buckhead, located in one of the most prestigious neighborhoods of Georgia's capital. Here, unforgettable luxury and irresistible Southern charm meet – all in a setting near the city's best shops, dining, entertainment and the Atlanta History Center. Along with elegant accommodations and an upscale spa, you'll enjoy premier restaurants, private gardens and incredible views over Atlanta. Count on a memorable stay with anticipatory service. You'll love every moment here.

Guest rooms in our towering hotel are spacious and sumptuous, featuring dark woods, marble bathrooms, expansive windows and beautiful Buckhead skyline views. Suites offer a residential feel with a separate living area and private terrace overlooking Peachtree Road.

Other luxuries for your stay:

  • 15,000 sq. ft. spa with 13 treatment rooms, a vitality pool and relaxation lounges
  • Indoor lap pool, fitness center, yoga studio, sauna and steam room
  • All-day dining at the Café & Bar, plus 24-hour room service
  • 7 meeting rooms, outdoor private garden event space, and business center
  • True Waldorf Service, a hallmark of our renowned hospitality