HEI Hotels and Resorts
Task Force Director of Finance
HEI Hotels and Resorts, Norwalk, Connecticut, us, 06860
HEI Hotels and Resorts Task Force Director of Finance Norwalk, Connecticut
HEI manages an unparalleled portfolio of leading full-service branded hotels and luxury and lifestyle independent hotels across the U.S. We are the acknowledged experts on upper-upscale, luxury, and premium select-serve hotels in urban, super-suburban, and destination locations. At HEI, we recognize that our enormous success is solely the result of our greatest asset: Our People. Where people work is a choice. Against that choice, our greatest obligation is to ensure day in and day out that our associates have the compensation and benefits they deserve and industry-leading tools, training, and support that they need to excel. At HEI, simply said, we honor the privilege of our associates choosing us by investing in and making them more valuable. Overview The Task Force Director of Finance is responsible for the successful onboarding and roll out of HEI initiatives and directives to newly managed HEI hotels as well as filling in at properties to assist in any gaps of management coverage. Supervises and directs the financial activities of the hotel, safeguards the assets, and prepares all financial reports in accordance with generally accepted accounting principles and HEI Hotels and Resorts Standards. Responsibilities Ability to perform special financial analysis as needed and/or requested by General Manager and Corporate Office. Practical solutions from a cost vs. benefits viewpoint. Provide accurate policy interpretations. Actively participate in Executive Committee and staff meetings. Assist other managers in analyzing statements, distributions, and other financial data. Support and comply with property standards and Corporate SOP's. Skill in correcting deficiencies identified on Internal Audit report. Effective use of the Controller's Checklist. Maintain effective cash control system with audits and reports for each period. Review security over assets and auditing inventories. Understanding of all pertinent leases, contracts, agreements, covenants, and restrictions. Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor. Schedule and coordinate the preparation and presentation of the annual operating budget. Coordinate all aspects of the capital expenditures budget according to SOP. Control the Capital Expenditure program and complete ROI Analysis. Complete entries required for preparation of the financial statements. Review statements for inaccurate data and make corrections within the following period. Inform the General Manager and HEI Corporate management of current and potential financial problems. Keep management informed of sales and profit attainment throughout the period. Coordinate the property's labor management system. Maintain appropriate standards for 60-90 day accounts. Conform to standards regarding the average collection period. Documenting the local credit policy and auditing property compliances. Approve all major accounts for credit as defined by local policy. Conduct credit and write-off meetings as requested. Submit accurate and timely critiques and credit loss reports as required. Review all major banquet functions and group accounts for proper credit extensions prior to arrival. Maintain standard regarding level of bad debt expenses as related to credit sales. Aggressively fulfill the accounts receivable management responsibilities to maximize receivable realizations. Complete financial required reports and requests from HEI Corporate offices. Establish other reports or documents, outside of SOP's as needed. Reconcile account balances on a current basis. Establish balances in accruals, pre-paid, and other accounts using proper accrual methods and expense realization logic. Calculate various turn ratios and days available for major asset categories and compare to standards (linen, gift shop, food, beverages, guest supplies, and uniforms). Work with Department Managers to control inventory balances according to established realistic pars. Comply with company procedures on deferring payments. Maintain and update job descriptions and standards for department. Ability to comply with corporate and local policies for wages paid (increases and timing). Establish an effective cross-training program within the department. Identify, screen and attract management candidates from outside the company. Comply with attendance rules and be available to work on a regular basis. Perform any other job duties as assigned. Qualifications B.S. in Accounting or Hotel Management. 3+ years experience in Hotel or Hospitality related Finance and Accounting. Analytical approach to problems, regard for detail and accuracy. Effective verbal and written communication skills. Ability to adapt communication style to suit different audiences. Sound experience working within the hotel or service industry preferably in a multi-unit capacity. A strong ability to successfully direct multiple and complex project work streams to successful completion. Flexibility – ability to adapt to changing business needs. Travel is required at least 75% of the time. HEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness. For your physical and mental wellness, we offer competitive Medical and Dental programs as well as Vision insurance programs. Our Vacation, Sick and Holiday programs are available for you to rejuvenate with time off. HEI also provides pet insurance. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. Our 401(k) Savings Plan with matching funds, and discounts through our 'YouDecide' and Hotel Room Discount programs provide additional incentives for choosing HEI as the employer of your future. HEI Hotels and Resorts is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. Job Locations: US-CT-Norwalk Posted Date: 1 month ago Requisition ID: 2024-52052 Category: Accounting/Finance Position Type: Full-Time FLSA Status: Exempt Location Name: HEI Hotels and Resorts Min: USD $110,000.00/Yr. Max: USD $120,000.00/Yr.
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HEI manages an unparalleled portfolio of leading full-service branded hotels and luxury and lifestyle independent hotels across the U.S. We are the acknowledged experts on upper-upscale, luxury, and premium select-serve hotels in urban, super-suburban, and destination locations. At HEI, we recognize that our enormous success is solely the result of our greatest asset: Our People. Where people work is a choice. Against that choice, our greatest obligation is to ensure day in and day out that our associates have the compensation and benefits they deserve and industry-leading tools, training, and support that they need to excel. At HEI, simply said, we honor the privilege of our associates choosing us by investing in and making them more valuable. Overview The Task Force Director of Finance is responsible for the successful onboarding and roll out of HEI initiatives and directives to newly managed HEI hotels as well as filling in at properties to assist in any gaps of management coverage. Supervises and directs the financial activities of the hotel, safeguards the assets, and prepares all financial reports in accordance with generally accepted accounting principles and HEI Hotels and Resorts Standards. Responsibilities Ability to perform special financial analysis as needed and/or requested by General Manager and Corporate Office. Practical solutions from a cost vs. benefits viewpoint. Provide accurate policy interpretations. Actively participate in Executive Committee and staff meetings. Assist other managers in analyzing statements, distributions, and other financial data. Support and comply with property standards and Corporate SOP's. Skill in correcting deficiencies identified on Internal Audit report. Effective use of the Controller's Checklist. Maintain effective cash control system with audits and reports for each period. Review security over assets and auditing inventories. Understanding of all pertinent leases, contracts, agreements, covenants, and restrictions. Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor. Schedule and coordinate the preparation and presentation of the annual operating budget. Coordinate all aspects of the capital expenditures budget according to SOP. Control the Capital Expenditure program and complete ROI Analysis. Complete entries required for preparation of the financial statements. Review statements for inaccurate data and make corrections within the following period. Inform the General Manager and HEI Corporate management of current and potential financial problems. Keep management informed of sales and profit attainment throughout the period. Coordinate the property's labor management system. Maintain appropriate standards for 60-90 day accounts. Conform to standards regarding the average collection period. Documenting the local credit policy and auditing property compliances. Approve all major accounts for credit as defined by local policy. Conduct credit and write-off meetings as requested. Submit accurate and timely critiques and credit loss reports as required. Review all major banquet functions and group accounts for proper credit extensions prior to arrival. Maintain standard regarding level of bad debt expenses as related to credit sales. Aggressively fulfill the accounts receivable management responsibilities to maximize receivable realizations. Complete financial required reports and requests from HEI Corporate offices. Establish other reports or documents, outside of SOP's as needed. Reconcile account balances on a current basis. Establish balances in accruals, pre-paid, and other accounts using proper accrual methods and expense realization logic. Calculate various turn ratios and days available for major asset categories and compare to standards (linen, gift shop, food, beverages, guest supplies, and uniforms). Work with Department Managers to control inventory balances according to established realistic pars. Comply with company procedures on deferring payments. Maintain and update job descriptions and standards for department. Ability to comply with corporate and local policies for wages paid (increases and timing). Establish an effective cross-training program within the department. Identify, screen and attract management candidates from outside the company. Comply with attendance rules and be available to work on a regular basis. Perform any other job duties as assigned. Qualifications B.S. in Accounting or Hotel Management. 3+ years experience in Hotel or Hospitality related Finance and Accounting. Analytical approach to problems, regard for detail and accuracy. Effective verbal and written communication skills. Ability to adapt communication style to suit different audiences. Sound experience working within the hotel or service industry preferably in a multi-unit capacity. A strong ability to successfully direct multiple and complex project work streams to successful completion. Flexibility – ability to adapt to changing business needs. Travel is required at least 75% of the time. HEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness. For your physical and mental wellness, we offer competitive Medical and Dental programs as well as Vision insurance programs. Our Vacation, Sick and Holiday programs are available for you to rejuvenate with time off. HEI also provides pet insurance. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. Our 401(k) Savings Plan with matching funds, and discounts through our 'YouDecide' and Hotel Room Discount programs provide additional incentives for choosing HEI as the employer of your future. HEI Hotels and Resorts is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. Job Locations: US-CT-Norwalk Posted Date: 1 month ago Requisition ID: 2024-52052 Category: Accounting/Finance Position Type: Full-Time FLSA Status: Exempt Location Name: HEI Hotels and Resorts Min: USD $110,000.00/Yr. Max: USD $120,000.00/Yr.
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