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Complex Director of Finance

Posted November 23, 2022

Hyatt Place New York/Midtown-South
New York, NY
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Compensation

Salary 125K to 145K

About This Job

We are looking for a Complex Director of Finance for the amazing and highly successful for our Hyatt Place and Hyatt Herald Square Hotels. Previous leadership experience managing multiple hotels, providing the accounting team with leadership, guidance, training and support. We offer robust compensation and benefits along with celebrating your career and contributions.

JOB SUMMARY                                                                                  

The Complex Director of Finance is responsible for providing ethical and consistent leadership in the financial area for multiple hotels by supplying management with guidance, training and support.  The Director of Finance is also responsible for focusing on the profitability of the business, 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.

RESPONSIBILITIES

Financial:

  • Acts as the “Chief Business Officer” to the general manager and EC Team, and as such is responsible for evaluating the financial impact on business decisions.
  • Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
  • Effectively manage and communicate cash flow related issues, as required to management and ownership.  This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Crescent Hotels and Resorts established guidelines.  Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
  • Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
  • Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.  Provide assistance to management in enforcing compliance on all these items.
  • Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
  • 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 that can potentially become Directors of Finance, Assistant Directors of Finance, Accounting Managers, and other managers for the organization.
  • Continually focus on training and development programs for finance associates to cultivate the “brightest” and “best” talent within the industry.
  • 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 equipments.
  • Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships among employees and promote maximum morale, productivity, and efficiency:
  • Executive Committee                               Sales & Service               Financial Review

  • Departmental Budget & Forecast                Credit & Collection         Business Review Meeting 

  • Ensure and monitor that the hotel is in compliance with all report deadlines and due dates and reacts accordingly.

  • Maximize efforts towards productivity, identify problem areas and assist in finding and implementing their solutions.
  • Approach all encounters with guests and employees in an attentive, friendly, courteous and service-oriented manner.
  • Maintain regular attendance in compliance with Crescent Hotels and Resorts standards, as required by scheduling which will vary according to the needs of the hotel.
  • Maintain high standards of personal appearance and grooming, which include wearing the professional attire and name tag when working.
  • Comply at all times with Crescent Hotels and Resorts standards and regulations to encourage safe and efficient hotel operations.

Education & Experience:

  • A minimum of 8 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.

* For applicants who will be working in NYC, the anticipated compensation range for the position is $100 K to $120 K 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. Crescent Hotels is a multi-state employer and the salary ranges indicated herein may not reflect positions that work only in other states

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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About this Employer

Hyatt Place New York/Midtown-South

52 West 36th Street
New York, NY 10018

(212) 239-9100

185 Room Hotel

www.hyatt.com

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Our Hotel

Hyatt Place New York / Midtown South is the perfect place to stay while travelers experience the greatest city in the world. Whether our guests are here to see attractions such as Bryant Park or the Empire State Building, they're just a short way from the best the Big Apple has to offer.