What are the responsibilities and job description for the The Bostonian Hotel Boston - Director of Finance position at Millennium Hotel and Resorts?
Millennium Hotels and Resorts is a Hong Leong subsidiary of Singapore-listed global real estate company City Developments Limited (CDL). Headquartered in Singapore, Millennium Hotels and Resorts is Singapore’s largest homegrown operator of international hotel brands spanning 4 continents and 80 strategic destinations. With a portfolio that includes timeless masterpieces to lifestyle properties, Millennium Hotels and Resorts comprises of the brands: The Biltmore, Grand Millennium, Millennium, M Social, Studio M, M Hotel, Copthorne and Kingsgate. The group also has a specially curated selection of uniquely inimitable properties under Leng’s Collection, which has been put together by our chairman, Mr. Kwek Leng Beng.
Millennium Hotels and Resorts are committed to crafting inspired workplaces that deliver the ultimate guest experiences and maximize investor returns. Millennium Hotels and Resorts pursues perfection and improves the process daily, ensuring they never accept the status quo, and hold each other accountable. The team is comprised of compassionate leaders who seek to understand, be part of the solution, express gratitude, and humility, and celebrate success with all they do.
The Bostonian Hotel Boston Hotel is a AAA Three Diamond rated hotel nestled in one of the city’s most coveted locations. Set amid the hustle and bustle of North End Boston near South Station, our redbrick façade and classic interiors are an iconic blend of old and new. With most major attractions within walking distance, like Quincy Market and The Freedom Trail, we invite our guests to fully immerse themselves in the city’s historical past. Urban explorers and families can tour the city and rest easy in our spacious rooms, with charming amenities like Juliette balconies to peer at the view below and working fireplaces for those blustery wintertime visits. From the moment you’re greeted at the door, our hotel near Faneuil hall offers you an impeccable level of comfort and award-winning service that will make our guests visit to Boston even more memorable.
Responsibilities:
- Prepare timely weekly/monthly/quarterly/annual financial reports and plans for the properties.
- Oversee the preparation and ensure the accuracy of hotel revenues daily via the Income Journal.
- Monitor and control hotel operations, cash flow, and operating forecasts for the property.
- Maintain timely interaction with Department Heads to ensure that property operations are always on track and under control.
- Preparation of monthly bank reconciliations and general ledger account reconciliations for properties property as
- necessary.
- Participate in revenue/yield management strategy meetings.
- Compliance with the company's Accounting Policies and Procedures and internal controls for our finance and accounting operations.
- Effectively manage and communicate issues related to managing receivables, payables, daily cash balances, and timely deposits of all funds.
- Monitor hotel revenues and expenses to ensure accurate recording by the company's established guidelines. Advise Department Heads in maintaining the company's financial objectives.
- Investigate and critique variances to budget/forecast or the prior year and offer practical improvement methodologies to management.
- Assist with hiring, training, supervision, and development of staff, including coaching, counseling and discipline.
- Assist with Internal/External/Sales Tax audits as required.
- Participate as an active member of the management team.
- Preparation of any special reports, statements, etc., as requested.
- Other special projects and responsibilities as assigned.
- Extended hours are sometimes required.
- Bachelor's Degree, preferably in Accounting or Finance.
- 3-5 years previous experience as Hotel Director of Finance/Controller
- Strong PC skills including Excel, Word and financial accounting systems.
- Strong organizational skills, analytical skills, and verbal and written communication skills.
- Full general ledger experience and month end closing experience is preferred
- Ability to communicate effectively.
- Ability to work under pressure.
- Exceptional organizational skills.
- Ability to meet deadlines
As the DOF of Millennium Bostonian Hotel, the chosen candidate must exemplify the highest standards of honesty,
integrity and discretion. This individual should be highly confident of their abilities and be considered a detail-oriented
person who can tackle complex hotel operations and oversight. The candidate should be highly numerate and
analytical. S/he will need to be a consummate team player with excellent interpersonal and communication skills up
and down the organizational chart. The candidate must be a leader, directing a group towards a common vision and
champion a diverse, inclusive company culture.