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reitmr
Corporate Office – Newton, MA | Full Time
10 Months Ago
Director of Finance
reitmr Corporate Office – Newton, MA
Full Time 10 Months Ago
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reitmr is Hiring a Director of Finance Near Corporate Office – Newton, MA

Job Description Summary The Director of Finance is responsible for the leadership, effectiveness and productivity of Sonesta’s Corporate Finance functions. The role’s primary responsibility is to design, implement, and direct effective worldwide financial reporting and internal control processes that conform to the appropriate recognized accounting standards and regulatory agencies (GAAP, IFRS, IRS, SEC…). This critical leadership position is charged with providing strategic vision, tactical design, and active management of the Corporate Finance organization tasked with driving the attainment of the company’s financial and statutory reporting goals and objectives. Job Description The ideal candidate has a strong technical accounting background with demonstrated proficiency in financial statement preparation, consolidation, and reporting. Having demonstrated progressive success at delivering results in multiple segments, scales and businesses, the ideal candidate should excel at developing high performance accounting and financial professionals through clear communication, motivation, productive coaching and precise accountability.) Principle duties and responsibilities (Essential Functions) include Operational/Functional: Directs timely and accurate financial accounting and reporting, effective internal accounting controls, and that the preparation and maintenance of the accounting books and records are prepared in accordance with generally accepted accounting principles and tax guidance. Designs, implements, and monitors compliance with corporate policies and procedures, internal accounting controls are observed by all the corporate office management. Coordinates and directs the preparation of annual financial audit for Sonesta and its affiliates with external auditors. Ensures the corporate balance sheet accounts are properly reconciled and documented on a monthly basis. Manages Accounts Receivable and Accounts Payable functions to maximize working capital and minimize bad debt. Coordinates with tax consultants, accountants, and preparers to minimize tax liabilities and ensure timely filing of all corporate tax returns. Maintains the financial accounting and reporting systems. Manages banking relationships and purchasing card processes. Strategy and Planning: Advises Sonesta CEO and CFO on emerging technical accounting issues and impact on Sonesta financial position. Identifies technologies that improve process efficiency, profitability, or minimize risk. Actively seeks out educational resources to identify opportunities to continuously improve Sonesta financial processes. Annually directs the preparation of the Sonesta financial budget and supports and coordinates the financial planning and forecasting activities of the corporate departments. Financial Management: Ensures corporate department leaders have timely access to financial reporting and forecasting and monitors compliance with Company financial objectives and/or budgets. Designs and implements efficient and effective budgeting and forecasting processes. Monitors Corporate cash management and intercompany receivable/liability processes to ensure compliance with hotel management and cash pooling agreements. Managing your Team Attract, retain, and motivate the best talent Ensure team members receive proper training applicable to their position and career aspirations and in accordance with company policy and/or local laws Responsible for monitoring, measuring, and recognizing performance of team members who directly report to the role and indirect reports Support, comply and promote company initiative, policies and guidelines. Handle employee issues in a professional and timely manner Leading with Passion Responsible for ensuring success through the eyes of employees, guests, and owners Utilize and collaborate with resources across different departments and corporate office Capable of influencing employees to perform to their highest standard and establishing a trusting environment to enrich the culture Focus on the mission and well-being of the department, hotel, and company as a whole Lead by example and operate with integrity and respect Inspire your team to embrace and demonstrate our values and GUEST People Standards Additional Job Description A candidate for this position must possess the following applicable knowledge, skills and abilities and be able to demonstrate and provide applicable examples to support his/her competency. Demonstrated track record of competent and timely financial reporting in a complex ownership and regulatory environment. Licensed Certified Public Accountant 5 Years of financial reporting to the Securities and Exchange Commission, including preparation of 10-K and 10-Q reports. 5 Years of coordinating with auditors in preparation of financial statement notes. Minimum of a bachelor’s Degree in accounting or Finance. Demonstrable expertise in analysis and action taking Excellent oral and written communication Excellent organization skills Appropriate professional appearance and demeanor Proficient in Microsoft Word, Excel and PowerPoint Benefits Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including: Medical, Dental and Vision Insurance Health Savings Account with Company Match 401(k) Retirement Plan with Company Match Paid Vacation and Sick Days Sonesta Hotel Discounts Educational Assistance Paid Parental Leave Company Paid Life Insurance Company Paid Short Term and Long Term Disability Insurance Various Employee Perks and Discounts Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered.

Job Summary

JOB TYPE

Full Time

POST DATE

05/24/2022

EXPIRATION DATE

10/28/2022

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The job skills required for Director of Finance include Accounting, Leadership, Planning, Financial Statements, Accounts Payable, Internal Control, 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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