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DC Global Talent Inc.
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The Westin Edina Galleria
Edina, MN | Full Time
$191k-259k (estimate)
1 Week Ago
The Westin Edina Galleria
Edina, MN | Full Time
$191k-259k (estimate)
1 Week Ago
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Director of Finance
$191k-259k (estimate)
Full Time | Accommodations 1 Week Ago
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The Westin Edina Galleria is Hiring a Director of Finance Near Edina, MN

POSITION OVERVIEW

The Director of Finance is responsible for the overall financial health of the hotel, overseeing the annual budget process along with the daily activities, including A/R, A/P, cash-handling, and all revenue/expense accounts. This role requires a leader with strong financial acumen and the ability to understand and react to the hotel operations.

DUTIES AND RESPONSIBILITIES

  • Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
  • Develop and manage internal control policies, guidelines, and procedures for activities such as budget administration, cash and credit management, and accounting.
  • Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
  • Review, verify, and report daily revenue and expense reports.
  • Prepare financial statements, business activity reports, financial position forecasts, annual budgets, reports required by regulatory agencies, and all other reports requested.
  • Analyze the financial activities of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
  • Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal, brand, and regulatory requirements are met.
  • Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
  • Prepare and file annual tax returns in coordination with the corporate team and ownership.
  • Compute, withhold, and account for all payroll deductions.
  • Assist in all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker’s compensation.
  • Oversee contracts and agreements and assist hotel management in maintaining licenses, permits, insurance, and contracts.
  • Create appropriate development plans and develop associates based on their individual strengths, development needs, career aspirations and abilities.
  • Participate in departmental meetings and continually communicate a clear and consistent message regarding the departmental goals to produce the desired results.
  • Recruit, interview, hire, and train Finance associates.
  • Conduct performance evaluations and discipline staff when needed.
  • Maintain a professional and personable appearance at all times, according to hotel standards.
  • Successfully achieve the hotel’s core competencies including work product, teamwork and culture, guest and customer service, work ethic, impact-oriented problem solver, and entrepreneurship.
  • Primary duty will be performing work that is directly related to the hotel’s business operations and customers. This includes exercising discretion and independent judgment with respect to matters of significance.
  • All other duties as requested.

QUALIFICATIONS

  • Bachelor’s degree in accounting, finance, business management or a related education.
  • Previous experience in a similar role in a full-service hospitality operation.
  • Strong computer skills, including Microsoft Office, M3 accounting software, ProfitSword, Property Management Systems, Point of Sale Systems, Payroll systems, and other finance-related platforms.
  • Strong communication skills, both verbal and written, including complaint handling and resolution.
  • Results oriented and highly motivated self-starter.
  • Ability to stay calm under pressure and manage multiple concurrent demands while prioritizing responsibilities.
  • Aptitude to perform numerical analysis of data and formulate conclusions and solutions.
  • Approachable, authentic, and engaging demeanor, setting an example for all Associates.
  • A proven track record in a management role with the ability to inspire, motivate, and engage.
  • Good reading, writing, and oral proficiency in the English language.
  • Flexibility to work a varied schedule, which may include weekends and holidays.
  • Ability to lift and carry up to 40 pounds on own and up to 100 pounds with assistance.
  • Ability to stand and walk for entire shift.
  • Requires writing, standing, sitting, walking, repetitive motions, bending, climbing, listening and hearing ability, and visual acuity.


Reasonable accommodation(s) may be made through the interactive process when necessary to allow qualified applicants and associates to perform the duties of this position.

We are an equal opportunity employer and value diversity. All employment is decided on the basis of qualifications, merit, and business need.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Accommodations

SALARY

$191k-259k (estimate)

POST DATE

05/16/2024

EXPIRATION DATE

07/13/2024

WEBSITE

westinedinagalleria.com

HEADQUARTERS

MINNEAPOLIS, MN

SIZE

50 - 100

TYPE

Private

CEO

MARK FAUBERT

REVENUE

$10M - $50M

INDUSTRY

Accommodations

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The job skills required for Director of Finance include Accounting, Budgeting, Financial Statements, Internal Control, Financial Reporting, Billing, 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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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.

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

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