Soni Resources Group
Director of Finance - Hospitality
Soni Resources Group, Trenton, New Jersey, United States,
A well-established privately held Real Estate Company is looking for a
Director of Finance
to join their team. This candidate will oversee a portfolio of hotels and is responsible for the following functions:
Responsibilities:
All activities related to budgeting, forecasting, profit and loss reporting and account reconciliation for operating and balance sheet accounts for 8 hotels.Oversee day-to-day activities of both internal accounting team and third-party managers (both hotel management companies and third-party food & beverage) including implementing appropriate financial controls and ensuring consistency in reporting, budgeting, and forecasting processes.Verify the accuracy and timeliness of all finance functions: daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.Identify any errors or discrepancies between management and ownership reporting and provide direction to ensure consistent records.Oversee all managers’ procedures related to income auditing, cash handling, accounts payable, accounts receivable collection, tax compliance, payroll, and month-end processing on behalf of ownership.Complete all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.Oversee cash management for the portfolio including cash flow projections by property, taking into account both operating performance and debt service considerations.Oversee debt service covenants and cash management provisions under loan documents and implement corresponding reporting and forecasting.Manage capital expense budget and reconciles expenditures monthly.Investigate and critique variances to budget and prior years and offer practical improvement methodologies to manage.Participate in the review and preparation of annual budgets and periodic forecasts.Participate in quarterly reviews and annual audits.Participate in the processing of real estate tax payments and sales & use tax returns and oversee regulatory agency audits.Oversee and assist with providing information for all U.S. Federal and State income tax filings.Foster strong professional relationships with all third-party manager finance teams to create consistent dialogue to ensure accurate and strategic management of performance.Other duties and responsibilities, including special projects as assigned.
Requirements:
Significant Accounting experience in a managerial role with hotels.Attention to detail and good communication skills are amongst the required qualifications.Minimum of 7 years of experience at a management level within hotel finance including food and beverage.Bachelor degree or equivalent in Accounting, Finance, Business or similar field.Managerial/supervisory experience.Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel.Experience with reading and abstracting loan documents.Well-organized with the ability to excel in a dynamic work environment.Strong work ethic with the ability to work independently and manage a team.Ability to multi-task and manage a challenging workload while consistently meeting deadlines.
Compensation:
$160,000-$180,000Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.
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Director of Finance
to join their team. This candidate will oversee a portfolio of hotels and is responsible for the following functions:
Responsibilities:
All activities related to budgeting, forecasting, profit and loss reporting and account reconciliation for operating and balance sheet accounts for 8 hotels.Oversee day-to-day activities of both internal accounting team and third-party managers (both hotel management companies and third-party food & beverage) including implementing appropriate financial controls and ensuring consistency in reporting, budgeting, and forecasting processes.Verify the accuracy and timeliness of all finance functions: daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.Identify any errors or discrepancies between management and ownership reporting and provide direction to ensure consistent records.Oversee all managers’ procedures related to income auditing, cash handling, accounts payable, accounts receivable collection, tax compliance, payroll, and month-end processing on behalf of ownership.Complete all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.Oversee cash management for the portfolio including cash flow projections by property, taking into account both operating performance and debt service considerations.Oversee debt service covenants and cash management provisions under loan documents and implement corresponding reporting and forecasting.Manage capital expense budget and reconciles expenditures monthly.Investigate and critique variances to budget and prior years and offer practical improvement methodologies to manage.Participate in the review and preparation of annual budgets and periodic forecasts.Participate in quarterly reviews and annual audits.Participate in the processing of real estate tax payments and sales & use tax returns and oversee regulatory agency audits.Oversee and assist with providing information for all U.S. Federal and State income tax filings.Foster strong professional relationships with all third-party manager finance teams to create consistent dialogue to ensure accurate and strategic management of performance.Other duties and responsibilities, including special projects as assigned.
Requirements:
Significant Accounting experience in a managerial role with hotels.Attention to detail and good communication skills are amongst the required qualifications.Minimum of 7 years of experience at a management level within hotel finance including food and beverage.Bachelor degree or equivalent in Accounting, Finance, Business or similar field.Managerial/supervisory experience.Excellent computer skills, including advanced proficiency in MS Office applications, particularly Excel.Experience with reading and abstracting loan documents.Well-organized with the ability to excel in a dynamic work environment.Strong work ethic with the ability to work independently and manage a team.Ability to multi-task and manage a challenging workload while consistently meeting deadlines.
Compensation:
$160,000-$180,000Salary is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.
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