Millennium Minneapolis
Director Finance
Millennium Minneapolis, Minneapolis, Minnesota, United States, 55400
Job Summary:
The Director of Finance is responsible for all activities related to budgeting forecasting profit and loss reporting and account reconciliation for operating and balance sheet accounts for our hotel location. This role directly oversees all accounting activities related to income auditing cashiering accounts payable processing accounts receivable collection tax compliance payroll and month end processing. This position is a high-profile Executive Committee position. Management-level associates are expected to work as much of each workday as is necessary to complete their job responsibilities; for OEM associates overtime does apply and is calculated accordingly.Exempt managers must customarily and regular direct the work of at least 3 full-time associates or their equivalents. Primary duties must consist of administrative executive or professional tasks more than 50 percent of the time and job duties must also involve the use of discretion and independent judgement more than 50 percent of the time.Responsibilities:QUALIFICATIONS:Possess a 4-year Bachelor Degree in Finance/Accounting and a minimum of 5 years of experience in a finance leadership position or a 5+ year history of progressive career growth in hotel finance (or in a similar industry)Experience with budgeting forecasting profit and loss reporting and balancing ledgers for operating and balance sheet accountsAptitude for performing numerical analysis of data and formulating conclusions and/or solutionsAbility to use logic to define a problem collect information establish facts draw valid conclusions interpret information and deal with abstract variables for unique or unfamiliar situationsProven leadership and coaching skills with a track record of developing a highly motivated and cross trained group of progressive accounting professionalsAbility to clearly and concisely present technical subjectsMust possess strong oral and written communication skills and the ability to conduct effective group meetings and presentationsAbility to comprehend and use technical or professional language either written or spoken to communicate complex ideasSuperior Computer skills: Microsoft Office POS/PMS systems and the ability to create maintain and analyze data in Excel spreadsheetsAbility to work a varied schedule including days evenings weekends holidays and extended hours based on business needsSupervises and leads the professional development a dynamic finance teamDemonstrate Leadership and Strategic Decision MakingThinks creatively and practically to develop execute and implement business strategiesUtilizes effective interpersonal and communication skills to lead influence and drive the performance of othersLeads by example by demonstrating honesty and integrity in all business and personnel decisionsLeverages strong financial and operational leadership skills to guide the executive team influence property focus areas and to lead own departmentCommunicates complex financial concepts and expectations in a clear manner that drive resultsPossesses behavioral styles that conveys confidence and commands respect from othersMaintains peak performance levels under pressure and in a dynamic work environmentRESPONSIBILITIES:Verifies 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 managementCompletes comprehensive month end close to include preparing journal entries and accruals completing cost of sales entries reconciling balance sheet accounts ensuring proper tax reporting and analyzing profit performanceDevelop and Achieve Financial GoalsCreates the annual operating plan that is aligned with the company's strategic directionProvides analytical tools and support to department heads during budget preparationLeads the sales and operations team in creating accurate monthly forecasts that allow the team to react to changes in business levelsImplements and upholds business practices that positively support our obsession with having sales driven cultureEnsures monthly P&Ls reflect accurate revenues expenses and cost of sales calculationsAnalyzes daily monthly variances between actual forecasted and budgeted performanceAdvises GM and executive team on existing and upcoming financial and operational issuesAnalyzes financial data and operational and market trends to identify opportunities for improvementLeads the property in developing and maintaining a strong labor culture that maximizes productivity performanceFacilitates monthly P&L reviews to uncover challenges opportunities and trendsManages capital expense budget and reconciles expenditures monthlyEnsures strong accounting and operational controls to safeguard assets and maximize profitsOversees internal and city audit processesManages the accurate collection posting and reconciliation of occupancy taxes sales taxes and transient marketing district (TMD)feesReconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentationProvides continuous direction to and education of the operational team in all areas related to finance financial reports internal controls labor management payroll month end reconciliation P&L performance etc.Fosters strong professional relationships with the entire management group by providing direct counsel and feedback that positively impacts the performance of the business and sharpens the financial acumen of the teamConducts ongoing coaching and annual reviews to influence positive team developmentCross trains team members to support successful department operationsSets high standards for performance and holds the team accountable for resultsSupports and brings to life the property's core values and service cultureProperty Details:Join us at the Millennium Minneapolis as we undergo an exciting transformation to become a Marriott Premium Brand by early 2025! With 321 rooms and a host of amenities, this historic hotel promises an unforgettable experience. Be a part of this remarkable journey!Company Overview:As the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results, and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality.Benefits:After an initial waiting period, those hired into full time positions are eligible for a competitive benefits package that includes the following:Now offering
Daily Pay ! Ask your Recruiter for more detailsMedical, Dental, and Vision CoverageShort-Term and Long-Term Disability IncomeTerm Life and AD&D InsurancePaid Time OffEmployee Assistance Program401k Retirement Plan
The Director of Finance is responsible for all activities related to budgeting forecasting profit and loss reporting and account reconciliation for operating and balance sheet accounts for our hotel location. This role directly oversees all accounting activities related to income auditing cashiering accounts payable processing accounts receivable collection tax compliance payroll and month end processing. This position is a high-profile Executive Committee position. Management-level associates are expected to work as much of each workday as is necessary to complete their job responsibilities; for OEM associates overtime does apply and is calculated accordingly.Exempt managers must customarily and regular direct the work of at least 3 full-time associates or their equivalents. Primary duties must consist of administrative executive or professional tasks more than 50 percent of the time and job duties must also involve the use of discretion and independent judgement more than 50 percent of the time.Responsibilities:QUALIFICATIONS:Possess a 4-year Bachelor Degree in Finance/Accounting and a minimum of 5 years of experience in a finance leadership position or a 5+ year history of progressive career growth in hotel finance (or in a similar industry)Experience with budgeting forecasting profit and loss reporting and balancing ledgers for operating and balance sheet accountsAptitude for performing numerical analysis of data and formulating conclusions and/or solutionsAbility to use logic to define a problem collect information establish facts draw valid conclusions interpret information and deal with abstract variables for unique or unfamiliar situationsProven leadership and coaching skills with a track record of developing a highly motivated and cross trained group of progressive accounting professionalsAbility to clearly and concisely present technical subjectsMust possess strong oral and written communication skills and the ability to conduct effective group meetings and presentationsAbility to comprehend and use technical or professional language either written or spoken to communicate complex ideasSuperior Computer skills: Microsoft Office POS/PMS systems and the ability to create maintain and analyze data in Excel spreadsheetsAbility to work a varied schedule including days evenings weekends holidays and extended hours based on business needsSupervises and leads the professional development a dynamic finance teamDemonstrate Leadership and Strategic Decision MakingThinks creatively and practically to develop execute and implement business strategiesUtilizes effective interpersonal and communication skills to lead influence and drive the performance of othersLeads by example by demonstrating honesty and integrity in all business and personnel decisionsLeverages strong financial and operational leadership skills to guide the executive team influence property focus areas and to lead own departmentCommunicates complex financial concepts and expectations in a clear manner that drive resultsPossesses behavioral styles that conveys confidence and commands respect from othersMaintains peak performance levels under pressure and in a dynamic work environmentRESPONSIBILITIES:Verifies 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 managementCompletes comprehensive month end close to include preparing journal entries and accruals completing cost of sales entries reconciling balance sheet accounts ensuring proper tax reporting and analyzing profit performanceDevelop and Achieve Financial GoalsCreates the annual operating plan that is aligned with the company's strategic directionProvides analytical tools and support to department heads during budget preparationLeads the sales and operations team in creating accurate monthly forecasts that allow the team to react to changes in business levelsImplements and upholds business practices that positively support our obsession with having sales driven cultureEnsures monthly P&Ls reflect accurate revenues expenses and cost of sales calculationsAnalyzes daily monthly variances between actual forecasted and budgeted performanceAdvises GM and executive team on existing and upcoming financial and operational issuesAnalyzes financial data and operational and market trends to identify opportunities for improvementLeads the property in developing and maintaining a strong labor culture that maximizes productivity performanceFacilitates monthly P&L reviews to uncover challenges opportunities and trendsManages capital expense budget and reconciles expenditures monthlyEnsures strong accounting and operational controls to safeguard assets and maximize profitsOversees internal and city audit processesManages the accurate collection posting and reconciliation of occupancy taxes sales taxes and transient marketing district (TMD)feesReconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentationProvides continuous direction to and education of the operational team in all areas related to finance financial reports internal controls labor management payroll month end reconciliation P&L performance etc.Fosters strong professional relationships with the entire management group by providing direct counsel and feedback that positively impacts the performance of the business and sharpens the financial acumen of the teamConducts ongoing coaching and annual reviews to influence positive team developmentCross trains team members to support successful department operationsSets high standards for performance and holds the team accountable for resultsSupports and brings to life the property's core values and service cultureProperty Details:Join us at the Millennium Minneapolis as we undergo an exciting transformation to become a Marriott Premium Brand by early 2025! With 321 rooms and a host of amenities, this historic hotel promises an unforgettable experience. Be a part of this remarkable journey!Company Overview:As the global leader in third-party hotel management, our growing portfolio represents over 1,550 hotels in all 50 states and 22 countries, from top international lodging brands to luxury hotels, destination resorts and lifestyle hotels. Our associates around the globe are passionate about serving our guests and driving exceptional results, and thrive in a culture where everyone is inspired to be the best. Join a world of possibility with Aimbridge Hospitality.Benefits:After an initial waiting period, those hired into full time positions are eligible for a competitive benefits package that includes the following:Now offering
Daily Pay ! Ask your Recruiter for more detailsMedical, Dental, and Vision CoverageShort-Term and Long-Term Disability IncomeTerm Life and AD&D InsurancePaid Time OffEmployee Assistance Program401k Retirement Plan