Concord Hospitality Enterprises
Director of Finance
Concord Hospitality Enterprises, Norfolk, Virginia, United States, 23500
Description
Norfolk Waterside Marriott is hiring a Director of Finance! This individual is responsible for the hotel’s accounting and financial management requirements, managing the accounting department and procurement function. The Director of Finance will provide the general manager with meaningful and timely information on the status of the hotel’s performance and assist proactively with cost containment, revenue enhancement, profit improvement opportunities, and safeguarding of the company’s assets. Summary: Acts as the Executive Finance Representative on property reporting to the General Manager. Handles reporting communication with owners, corporate office, vendors, and clients as needed. Coordinates the research of trends and builds recommendations to positively impact the hotel financial performance. Drafts and prepares property Forecast of Expenses and Revenues, working with department heads to establish pace. Main point of contact on budget, forecast, and labor tracking. Ensures departments are on pace to budget and forecast in weekly labor meetings, justifying any variances. Protects the assets of the hotel. Provides the General Manager with timely and accurate data for management decisions. Ensures accurate and meaningful financial statements are provided to owners and management, with proper controls in place. Ensures effective and efficient operations in areas under the responsibility of the Controller. Minimizes losses and maximizes profits by retaining revenues, reducing expenses, and safeguarding hotel assets. Coordinates budget preparation with full involvement of Department Heads. Processes returned checks through Ledger and completes check requisition to reimburse the bank. Sends all returned checks without valid credit card approval to collections immediately. Verifies division numbers on all departments and prints weekly reports. Handles credit card inquiries and chargebacks, reconciling credit card accounts. Prepares and runs write-off meetings at the end of the month. Formulates and executes a strategy to keep Days Sales Credit Outstanding under 32 days. Records all cashier overages and shortages, publishing daily reports to department heads. Trains associates in the Accounting department to perform their duties effectively. Participates in weekly Leadership Team meetings and other departmental meetings. Maintains accurate records of necessary federal, state, and local reports as required by applicable laws. Reports deviations of hotel policies, procedures, and legal requirements to the General Manager. Generates the annual department budget and monitors the period profit and loss statement. Benefits: We offer competitive wages. Full-time associates are eligible for a comprehensive benefits package, including medical/dental/vision plans, life insurance, ST/LT disability options, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training & development and career advancement opportunities. Why Concord? Concord Hospitality invests in its associates by providing training and development at all levels. Our “Associate First” culture supports and inspires personal development within the workplace and beyond. We value work-life balance, diversity, and our commitment to providing the best customer service and quality accommodations. Our associates say it best with our national company cheer heard throughout North America: “We Are Concord!” Pay Range: $95,000 to $115,000 Source: Concord Hospitality
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Norfolk Waterside Marriott is hiring a Director of Finance! This individual is responsible for the hotel’s accounting and financial management requirements, managing the accounting department and procurement function. The Director of Finance will provide the general manager with meaningful and timely information on the status of the hotel’s performance and assist proactively with cost containment, revenue enhancement, profit improvement opportunities, and safeguarding of the company’s assets. Summary: Acts as the Executive Finance Representative on property reporting to the General Manager. Handles reporting communication with owners, corporate office, vendors, and clients as needed. Coordinates the research of trends and builds recommendations to positively impact the hotel financial performance. Drafts and prepares property Forecast of Expenses and Revenues, working with department heads to establish pace. Main point of contact on budget, forecast, and labor tracking. Ensures departments are on pace to budget and forecast in weekly labor meetings, justifying any variances. Protects the assets of the hotel. Provides the General Manager with timely and accurate data for management decisions. Ensures accurate and meaningful financial statements are provided to owners and management, with proper controls in place. Ensures effective and efficient operations in areas under the responsibility of the Controller. Minimizes losses and maximizes profits by retaining revenues, reducing expenses, and safeguarding hotel assets. Coordinates budget preparation with full involvement of Department Heads. Processes returned checks through Ledger and completes check requisition to reimburse the bank. Sends all returned checks without valid credit card approval to collections immediately. Verifies division numbers on all departments and prints weekly reports. Handles credit card inquiries and chargebacks, reconciling credit card accounts. Prepares and runs write-off meetings at the end of the month. Formulates and executes a strategy to keep Days Sales Credit Outstanding under 32 days. Records all cashier overages and shortages, publishing daily reports to department heads. Trains associates in the Accounting department to perform their duties effectively. Participates in weekly Leadership Team meetings and other departmental meetings. Maintains accurate records of necessary federal, state, and local reports as required by applicable laws. Reports deviations of hotel policies, procedures, and legal requirements to the General Manager. Generates the annual department budget and monitors the period profit and loss statement. Benefits: We offer competitive wages. Full-time associates are eligible for a comprehensive benefits package, including medical/dental/vision plans, life insurance, ST/LT disability options, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training & development and career advancement opportunities. Why Concord? Concord Hospitality invests in its associates by providing training and development at all levels. Our “Associate First” culture supports and inspires personal development within the workplace and beyond. We value work-life balance, diversity, and our commitment to providing the best customer service and quality accommodations. Our associates say it best with our national company cheer heard throughout North America: “We Are Concord!” Pay Range: $95,000 to $115,000 Source: Concord Hospitality
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