Complex Director of Finance

Beverly Hills, CA, United States

Compensation Type Yearly

Highgate Hotels

Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in U.S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu, with a rapidly expanding presence in Europe, Latin America, and the Caribbean. Highgate’s portfolio of global properties represents an aggregate asset value exceeding $20B and generates over $5B in cumulative revenues. The company provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition.  Highgate also has the creativity and bandwidth to develop bespoke hotel brands and utilizes industry-leading proprietary revenue management tools that identify and predict evolving market dynamics to drive out performance and maximize asset value. With an executive team consisting of some of the industry’s most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in London, New York, Dallas, and Seattle.

Location

Located in the heart of Beverly Hills, Mosaic Hotel is just steps from a diverse collection of world-class restaurants, museums, nightclubs, and the shops of Rodeo Drive, Wilshire Boulevard, and Century City. The Mosaic Hotel Beverly Hills, is an exclusive luxury Beverly Hills hotel and offers 49 newly-redesigned contemporary guestrooms with distinctive low-slung clean-lined chairs, luxurious linens and state-of-the-art technology.  It's sister property Maison 140's location is a private and quiet hideaway steps from Beverly Hills hottest spots. Maison 140’s redesigned guest rooms are the perfect blend of form and function. Inviting, peaceful and relaxing, our Beverly Hills hotel rooms feature Parisian-inspired décor that provides guests with a luxurious sanctuary, including Chinoiserie screens, hand-tufted European carpets and gilded armchairs for a truly singular experience.

Overview

The Complex Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Highgate Hotels ‘s Standard Operating Procedures; and safeguarding owners/investors assets.

Responsibilities

Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.

Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines. Monitors and controls Hotel’s cash flow and operating forecast.

Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.

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.

Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.

Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations

Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.

Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.

Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.

Hire, train, supervise and develop staff, including coaching, counseling and discipline.

Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.

Directs or prepares all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines.

Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates

Monthly: Financial Statements, Forecasting Key Statistics Report, Cash Flow

Annual: Budgets, 5-Year Plans, 5-Year Capital Plans

Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.

Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.

Monitor the accurate production of the hotel daily operating report.

Executes other special projects and responsibilities as assigned.

Qualifications

At least 5 or more years of Hospitality Finance/Accounting experience.

Prior Control or Director of Finance experience, preferably at a premium-branded Hotel.

Excellent verbal and written communication skills.

Bachelor’s degree required preferably in Finance or Accounting.

Must supervise 2 or more employees

Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.

Long hours sometimes required.

Maintain a warm and friendly demeanor at all times.

Must be able to effectively communicate both verbally and written, with all level of employees and guests in an attentive, friendly, courteous and service oriented manner.

Must be effective at listening to, understanding, and clarifying concerns raised by employees and guests.

Must be able to multitask and prioritize departmental functions to meet deadlines.

Approach all encounters with guests and employees in an attentive, friendly, courteous and service-oriented manner.

Attend all hotel required meetings and trainings.

Participate in M.O.D. coverage as required.

Maintain regular attendance in compliance with Highgate Hotels 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 nametags.

Comply with Highgate Hotels Standards and regulations to encourage safe and efficient hotel operations.

Maximize efforts towards productivity, identify problem areas and assist in implementing solutions.

Must be effective in handling problems, including anticipating, preventing, identifying and solving problems as necessary.

Must be able to understand and evaluate complex information, data, etc. from various sources to meet appropriate objectives.

Must be able to maintain confidentiality of information.

Perform other duties as requested by management.

Salary: $115K - $135K/Annually plus bonus

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