We are seeking a Director of Finance to lead our Finance team within our 315-room, luxury-branded hotel in downtown Boston. The Director of Finance position serves as a critical leadership role within the hotel, overseeing all financial operations and ensuring the organization’s fiscal health and stability. This role requires an individual with a strong strategic mindset, capable of implementing robust financial procedures, preparing timely and detailed financial reports, and offering insightful analysis to drive key business decisions. As a high-profile member of the Executive Committee, the Director of Finance acts as the primary liaison between the hotel ownership group, management company, and executive leadership team. The ideal candidate will bring extensive and proven experience in guiding hotel or resort teams through complex endeavors such as large-scale renovations, grand openings, or multi-faceted special projects, highlighting unparalleled expertise in financial leadership and operational excellence.

Responsibilities

• 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 management.
• Completes comprehensive month-end close to including preparing journal entries and accruals completing cost of sales entries reconciling balance sheet accounts ensuring proper tax reporting and analyzing profit performance.
• Develop and Achieve Financial Goals
• Creates the annual operating plan that is aligned with the company's strategic direction.
• Provides analytical tools and support to department heads during budget preparation.
• Leads the sales and operations team in creating accurate monthly forecasts that allow the team to react to changes in business levels.
• Implements and uphold business practices that positively support our obsession with having sales driven culture.
• Ensures monthly P&Ls reflect accurate revenues expenses and cost of sales calculations.
• Analyzes daily monthly variances between actual forecasted and budgeted performance.
• Advises GM and executive team on existing and upcoming financial and operational issues.
• Analyze financial data and operational and market trends to identify opportunities for improvement.
• Leads the property in developing and maintaining a strong labor culture that maximizes productivity performance.
• Facilitates monthly P&L reviews to uncover challenges, opportunities, and trends.
• Manages capital expense budget and reconcile expenditures monthly.
• Ensures strong accounting and operational controls to safeguard assets and maximize profits.
• Oversee internal and city audit processes.
• Manages the accurate collection posting and reconciliation of occupancy taxes sales taxes and transient marketing district (TMD)fees.
• Reconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentation.
• Provides 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 team.
• Conducts ongoing coaching and annual reviews to influence positive team development.
• Cross-trains team members to support successful department operations.
• Sets lofty standards for performance and holds the team accountable for results.
• Supports and brings to life the property's core values and service culture.

Requirements

• MUST have experience working with a labor union.
• MUST have experience working through a large-scale hotel renovation, hotel opening, or hotel Possess a 4-year bachelor’s 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)
• Ability to strategically bend a P&L statement with intelligent support both written and verbally.
• Experience with budgeting forecasting profit and loss reporting and balancing ledgers for operating and balance sheet accounts.
• Aptitude for performing numerical analysis of data and formulating conclusions and/or solutions.
• The ability 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 situations.
• Proven leadership and coaching skills with a history of developing an initiative-taking and cross-trained group of progressive accounting professionals.
• Ability to clearly and concisely present technical subjects
• Must possess strong oral and written communication skills and the ability to conduct effective group meetings and presentations.
• The ability to comprehend and use technical or professional language either written or spoken to communicate complex ideas.
• Superior Computer skills: Microsoft Office POS/PMS systems and the ability to create maintain and analyze data in Excel spreadsheets.
• Think creatively and practically to develop execute and implement business strategies.
• Utilizes effective interpersonal and communication skills to lead influence and drive the performance of others.
• Leads by example by demonstrating honesty and integrity in all business and personnel decisions.
• Leverages strong financial and operational leadership skills to guide the executive team influence property focus areas and to lead own department.
• Communicates complex financial concepts and expectations in a clear manner that drive results.
• Possesses behavioral styles that convey confidence and commands respect from others.
• Maintains peak performance levels under pressure and in a dynamic work environment.

Benefits

• Medical, Dental, and Vision Coverage
• Short-Term and Long-Term Disability Income
• Term Life and AD&D Insurance
• Paid Time Off
• Employee Assistance Program
• 401k Retirement Plan
• FREE onsite Parking!