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Director of Finance
$186k-255k (estimate)
Full Time 5 Months Ago
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The Fifth Avenue Hotel is Hiring a Director of Finance Near New York, NY

Overview

Opportunity: Director of Finance

Supervise and direct the financial activities of the hotel, safeguard the assets, and prepare financial reports in accordance with established guest service and sustainability standards. 

Potential Career Path

Area Director of Finance–Regional Director of Finance–Corporate Director of Finance

Essential Job Functions

  • Interview, select, train, schedule, coach, and support associates, ensuring they perform in accordance with established brand or hotel standards and consistent with HHM core values.
  • Analyze financial data of operations, in order to advise hotel management and to assist in maintaining an efficient operation. 
  • Monitor and approve all sales, purchases, salaries and expenses of the hotel.
  • Prepare, review, and present the Monthly Report of Operations.
  • Prepare forecasts and budgets as required (annual, revised annual, monthly, and/or on Hersha Hospitality/owner's request).
  • Ensure payroll practices meet Fair Labor Standards Act.
  • Oversee contracts and legal agreements, and assist hotel management in maintaining licenses, permits, insurance and contracts.
  • Establish and audit internal financial controls, including purchasing, cash handling and disbursements, inventories, hotel equipment, master keys, and associate time records.
  • Follow sustainability guidelines and practices related to HHM’s EarthView program.
  • Practice safe work habits, wear protective safety equipment and follow MSDS and OSHA standards.
  • Perform other duties as requested by management.

Position Requirements

  • Experience with opening a hotel is preferred.
  • Advanced accounting competencies such as fixed asset accounting is preferred.
  • Bachelor’s Degree required, preferably in Accounting or Finance.
  • 5 to 10 years of accounting experience in the hospitality industry.

HHM Benefits and Perks

  • Medical, Dental and Vision Health Insurance
  • Paid Time Off
  • 401k Company Match
  • Free Basic Life Insurance
  • Travel Discounts
  • Commuter Transit and Commuter Parking Benefits
  • Quarterly Bonuses and Incentives
  • Employee Assistance and Wellness Program
  • Educational/Professional Development
  • Technology Reimbursements

Work Environment and Context

  • Work schedule varies and may include working on holidays and weekends.
  • Required to sit for extended periods, lift up to 10 pounds, bend, reach, use hands and fingers to operate keyboard.

What We Believe

People Are Our Capability – Hearts That Serve – Only Excellence – Stay Nimble - Own It

About Us

HHM is proud to be an equal opportunity employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, marital status, pregnancy, national origin, ancestry, age, religion, disability, veteran status, genetic information, citizenship status or any other group protected by law.

Job Summary

JOB TYPE

Full Time

SALARY

$186k-255k (estimate)

POST DATE

10/02/2022

EXPIRATION DATE

10/27/2023

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The job skills required for Director of Finance include Accounting, Purchasing, Professional Development, 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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