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Director of Finance
$182k-246k (estimate)
Full Time 2 Months Ago
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Hotel Indigo Denver Downtown is Hiring a Director of Finance Near Denver, CO

Job Overview:
The Director of Finance is the financial leader of the hotel. Oversees all areas in finance, especially payroll, budgeting, forecasting and relevant duties. Demonstrates excellent leadership skills and provides accurate and timely financial reports as requested by leadership and corporate. Implements internal control procedures that safeguard leaders, owner, assets and complies with Federal, State and Local regulations.

Duties:
- Readily assist in the operation of each leaders department and special projects. Identifies risks and presents solutions that guides leaders in making effective decisions that meets the financial interests of the hotels.

  • Develops annual operating budget, operating plan and financial goals. Achieves budgeted revenues, costs and profits through accounting diligence and expenditure controls and proficient accounting practices.
  • Set written priorities and key objectives for each department head quarterly including action plan and completion date. Follow up to assure successful implementation and follow-through and take corrective action in the event of failure to meet assigned objectives.
  • Monthly forecasting of operating staff and cost expenditures. Business planning in line with forecasted sales and costs including guidance to department heads.
  • Monthly review of financial statement in order to correct problems, assure spending is in line and to plan for future business. Review and approve all expenses in "other expense" categories in all departments. Regularly review all major expenses to assure that monies are wisely expended.
  • Promotes associate moral and loyalty within their department and hotel, leading to reduced turnover. Communicate, counsel and assist in staff development. Visible and available to all associates in accordance with the Company's open door policy. Attend monthly department employee meetings whenever possible.
  • Conduct performance appraisal and personal development plans for management staff. Identify substandard performance of individual managers and outline improvement action, including taking corrective or disciplinary measures.
  • Assure level of experience, knowledge and ability to meet job requirements of all hotel management. Cost Controls Review controls and assure adherence at all times in order to protect the hotel's property/assets.
  • Review sales solicitation activities, room nights productivity and group room rates sold by sales. Review individual productivity and corrective actions are taken. Evaluate market mix and take action in order to best position the hotel for increased business. Involvement in sales solicitation of key accounts by reviewing contracts, meeting with sales department, visit key account contacts in person and by phone.

Experience:

  • Requires knowledge of all hotel accounting functions performed by the subordinate reporting directly or indirectly.
  • Requires advanced knowledge of the accounting, finance and hospitality professions.
  • Requires ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.
  • Office Management, Bank Reconciliations, Preparation of State and Federal Reports, Training of Accounting staff employees, Conducting or participating in meetings, Analysis of Balance Sheet Accounts, Preparation of Journal entries, closing the books and preparing the Balance, Sheet Package.

We offer competitive compensation packages including salary commensurate with experience. Benefits include health insurance, retirement plans, paid time off, professional development opportunities, and more.

If you are a highly motivated individual with a passion for finance and a desire to make a significant impact, we encourage you to apply for the position of Director of Finance. Please submit your resume and cover letter detailing your relevant experience.

Job Type: Full-time

Pay: $70,000.00 - $80,000.00 per year

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Health insurance
  • Life insurance
  • Paid time off
  • Tuition reimbursement
  • Vision insurance

Experience level:

  • 4 years

Schedule:

  • Monday to Friday

Work Location: In person

Job Summary

JOB TYPE

Full Time

SALARY

$182k-246k (estimate)

POST DATE

03/30/2024

EXPIRATION DATE

05/02/2024

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The job skills required for Director of Finance include Accounting, Leadership, Budgeting, Financial Statements, Internal Control, Forecasting, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Finance. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Director of Finance positions, which can be used as a reference in future career path planning. As a Director of Finance, it can be promoted into senior positions as a Top Division Financial Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Finance. You can explore the career advancement for a Director of Finance below and select your interested title to get hiring information.

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If you are interested in becoming a Director of Finance, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director of Finance for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Director of Finance job description and responsibilities

A Director of Finance makes high-level decisions regarding a business’s health, leaving details for the finance and accounting departments.

01/03/2022: Schenectady, NY

Finance Director, given additional responsibility for managing pricing, proposal development; supply agreement approval.

01/27/2022: Salem, OR

Financial directors review any capital request and take on the approval process while the controllers of finance process the requests.

01/21/2022: Provo, UT

The duties of a Director of Finance are to manage the financial and accounting control functions of an organization.

12/20/2021: Racine, WI

They’re also commonly tasked with managing one or more corporate finance departments, such as accounting or payroll.

01/21/2022: Boston, MA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Director of Finance jobs

Becoming a director of finance requires a combination of education and relevant work experience.

02/26/2022: Sioux Falls, SD

They must also be good team players, with management skills to lead the finance department.

02/16/2022: Olympia, WA

At least 10 years of accounting and finance experience.

02/23/2022: Seattle, WA

Create partnerships with the other stakeholders.

01/04/2022: Phoenix, AZ

The Finance Director should have strong people skills, be a team player and be a proficient multitasker.

01/22/2022: Kingsport, TN

Step 3: View the best colleges and universities for Director of Finance.

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