Director of Finance

Overview

 

The 1,054-room Omni Boston Hotel at the Seaport is the newest luxury hotel in the City of Boston, and the most significant hotel project in the city for the last forty years. The property features seven outlets for drinking and dining, a signature spa, fitness center, and rooftop pool. It boasts more than 100,000 square feet of meeting and event space, and caters to the most discerning clientele.

Job Description

The Omni Boston Hotel at the Seaport is located in the center of the bustling Seaport District. The AAA Four Diamond rated hotel boasts 1,054 finely appointed guestrooms with 52 suites, seven delectable dining experiences, a scenic rooftop pool, a luxury Breve Spa,  and more than 100,000 square feet of meeting and event space allowing to provide each guest a unique and memorable experience. Come join the team that was voted “2023 Best Places to Work” by the Boston Business Journal!

 

Creativity must infuse everything we do, and everyone in the hotel. Performance realities will always exist, but we use these constraints to push, not limit, our creativity. We believe there is always a way to make it work. If we don't have the solution, we dig deeper creatively to find one.

 

Grab the reigns and help shape the future of the Seaport’s best kept secret! Creativity must infuse everything we do, and everyone in the Hotel. Performance realities will always exist, but we use these constraints to push, not limit, our creativity.

 

The Director of Finance directs the accounting and control functions at the hotel, while ensuring timely reporting of operating results and maintenance the integrity of the management information system.

Responsibilities

• Supervise all accounting functions.
• Prepare the financial statements within the periods supplied in the corporate closing schedule and according to the Omni Policies and Procedures, Generally Accepted Accounting Principles and the Uniform System of Accounts.
• Analyze and interpret financial results in order to assist and advise the General Manager and the Omni Corporate Team.
• Maintain balance sheet analysis on a monthly basis with full supporting detail.
• Prepare accurate cash flow statements and projections on a monthly basis and on request
• Maximize working capital and cash flow statements and projections on a monthly basis and on request.
• Prepare timely and accurate sales, use and occupancy tax returns as well as any other external reports or returns as deemed necessary.
• Ensure successful treasury cash management as set forth in the policies and procedures manual.
• Ensure compliance with the management agreement and attendant legal documents. Understanding how those documents translate into financial responsibilities and how they may effect both the hotel’s and Corporate's financial position.
• Maintain effective system and control procedures as set forth in the policies and procedures manuals.
• Ensure integrity and efficiency of computerized data processing functions.
• Ensure that all financial reports, budgets, forecasts, and other information required by Omni are accurately compiled, submitted within the specified time limits, identifying variances, and making recommendations for improvements as appropriate.
• Review forecasts and budgets prepared by hotel management team to ensure that owners, General Manager, and Omni Corporate Management are provided with guidelines of performance that are both reasonable and achievable. 
• Successfully lead and perform an advisory or interpretive role as well as to recommend controls related to the ethical environment.
• Ensure adequate controls are installed and maintained for the protection of the hotels' assets against loss or misappropriation.
• Ensure adequate insurance coverage is maintained to protect the assets of the hotel with particular regard to the requirements contained in the hotel's management contract.
• Ensure all legal, treasury, and tax documentation is properly maintained and secured, and that all statuary and fiscal reporting requirements are satisfied, which includes any governmental requirements for permits and licenses.
• Continuously monitor economic, social and governmental trends and policies and inform the General Manager and Omni Corporate Management of any implications that may affect the performance of the hotel in meeting its financial objectives.

Qualifications

Hotel Specific Essential Functions:

 

• Knowledge of PMS, POS, Purchasing and back office accounting systems
• Extensive use of Excel with minimum of moderate level skills
• Extensive time utilizing forecast and budget systems