Director of Finance

Director of Finance – Paramount Times Square - A Generator Hotel 
 Strategic finance leader and business partner to the General Manager, with a dotted-line reporting relationship to the Group VP Finance, responsible for all accounting, reporting, cash management, capital expenditure oversight, financial controls and owner reporting for a large, unionized, full-service New York City hotel.

WHO ARE WE ARE

Generator is redefining social hospitality. Born in London, we’ve grown into a global brand with culturally connected spaces across Europe and beyond. Recognized as one of Fast Company’s Top 50 Most Innovative Companies globally, we continue to challenge convention, evolve constantly, and raise the bar within our industry.

Backed by Brookfield, we are entering an exciting new phase of growth, with the scale and stability to strengthen our global position. At our core, we create safe, vibrant, and seriously social spaces inspired by the cities we call home - all driven by one simple mission: BE YOURSELF.

ABOUT PARAMOUNT HOTEL NEW YORK

Paramount Hotel is a New York City landmark located just steps from Times Square. Constructed in the French Renaissance style by Thomas W. Lamb in 1927, the building reflects the theatrical character of its neighborhood. The bustle of the street disappears as you step inside - with its two-story lobby, reflective fireplace, dramatic lighting, and rich textures, it sets the stage for a hip, indulgent experience. Recently updated but retaining its historical charm, the Paramount Hotel is standing out – as the only hotel near Broadway NYC with genuine personality.

What’s the job?

NUTS AND BOLTS OF THE JOB

·        Lead daily accounting operations in accordance with US GAAP, Unified System of Accounts for the Lodging Industry, and company policies               and procedures.

·        Own month-end close, financial statements, forecasting, budgeting and variance analysis.

·        Provide strong financial and operational analysis to support business decisions.

·        Manage weekly cash flow forecasting, liquidity planning, statutory obligations, owner funding requests and vendor payment prioritization.

·        Oversee all CapEx accounting, FF&E reserve draws, project tracking and owner/lender reporting.

·        Develop productive relationships with ownership, lenders, asset managers and corporate leadership.

·        Maintain strong knowledge of New York State and New York City taxes including occupancy, sales and payroll taxes.

·        Perform and review balance sheet reconciliations.

·        Lead AP, AR, payroll accounting, income audit, banking and internal controls.

·        Mentor and develop two staff accountants.

·        Partner with Engineering on asset preservation, CapEx planning and long-term investment strategy.

·        Support building compliance initiatives including Jack Jaffa, FDNY/DOB requirements and Local Laws (LL11, LL84, LL87 and LL97).

·        Coordinate audits, insurance requests, lender reporting and regulatory compliance.

·        Ensure all owner and lender reporting is delivered in accordance with the Hotel Management Agreement.

·        Act as an authorized signatory on hotel bank accounts in accordance with the Management Agreement.

·        Provide payroll reconciliation oversight and partner with the third-party paymaster and HR Director.

·        Partner with Revenue Management and Operations to improve ADR, RevPAR, Occupancy, GOP and Flow-Through.

·        Lead labor productivity, scheduling efficiency and union labor analysis.

·        Act as a strategic business partner through financial insight and scenario modelling.

·        Collaborate across Revenue, Sales, Operations and Engineering to improve margins and operational efficiency.

WHAT’S IN YOUR DNA

·        Bachelor's degree in Accounting or Finance.

·        5 years hotel finance leadership at a comparable full-service hotel (c.$40m revenue), preferably unionized NYC/NYHTC.

·        Experience within a third-party HMA structure including owner reporting and reserve administration.

·        CPA or CHAE preferred.

·        Excellent analytical skills and US GAAP knowledge.

·        Exceptional cash flow management.

·        Strong ownership communication and political acumen.

·        Advanced Excel and hotel systems.

·        Hands-on leadership and coaching style.

YOUR ROCK STAR EXPERIENCE

·        Financial discipline balanced with commercial thinking.

·        Ability to operate in a fast-paced NYC hotel.

·        Excellent communication with owners, lenders and corporate teams.

·        High integrity, accountability and attention to detail.

LOCAL EMPLOYEE BENEFITS

• 9 holidays
• Medical Dental Vision (subsidized contributions)
• Life & Disability (employer paid)
• Paid sick leave (56 hours per calendar year)
• Paid vacation (80 hours per calendar year)
• Commuter benefits
• Voluntary products: Voluntary Life, Legal Shield/ID Shield, Pet Insurance, Hospital Indemnity, critical illness, Accident Insurance and FSA

 SO YOU THINK THIS MIGHT BE YOU?

That's cool. Send us your application in English, preferably via email. If you’ve got questions call us, or check www.jobs.staygenerator.com where you may well find the answers to life, the universe and everything, including why there are no penguins at the North Pole. We look forward to hearing from you.

Employment Requirements: Employees must be able to furnish necessary identification providing eligibility to work in the United States as defined in the immigration Reform and Control Act of 1986 (IRCA). If hired, the employee must complete and submit an Employment Eligibility Verification (Form I-9) at the start of employment. This position does not offer sponsorship of Work Visas.

Generator is an Equal Opportunity Employer and Drug Free Work Place.

 Join Us and help us achieve our Vision!