Task Force Assistant Director of Finance - Remote

Compensation Type

Yearly

Highgate Hotels

Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in U.S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu, with a rapidly expanding presence in Europe, Latin America, and the Caribbean. Highgate’s portfolio of global properties represents an aggregate asset value exceeding $20B and generates over $5B in cumulative revenues. The company provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition.  Highgate also has the creativity and bandwidth to develop bespoke hotel brands and utilizes industry-leading proprietary revenue management tools that identify and predict evolving market dynamics to drive out performance and maximize asset value. With an executive team consisting of some of the industry’s most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in London, New York, Dallas, and Seattle.

Location

 

Highgate Corporate Offices Irving, TX

Overview

The Assistant Director of Finance – Task Force is responsible for providing consistent leadership in the financial area of the hotel by supplying the accounting staff with guidance, leadership, and training. The position is supporting the on-site, permanent Director of Finance and her/his team in all aspects of fiscal management, financial controls, accounting, and financial reporting for the assigned property. This position is remote and requires significant travel across Highgate’s footprint.

Responsibilities

• Approach all encounters with guests and teammates in an attentive, friendly, courteous, and service-oriented manner.
• Always comply with Highgate Hotels’ standards and regulations to encourage safe and efficient hotel operations.
• Maximize efforts towards productivity, identify problem areas, and assist in finding and implementing their solutions.
• Assisting Director of Finance in the timely preparation of monthly financial statements for the property.
• Preparing, monitoring, and accurately recording hotel revenues daily by preparing the Income Journal. Identifying all variances to budget and last year.
• Monitoring and controlling hotel operations, cash flow, and operating forecasts for the property.
• Under guidance of the Director of Finance maintaining timely interaction with the Department Heads to ensure that property operations are always on track and under control
• Preparation of monthly bank reconciliations and general ledger account reconciliations for the property
• Supervision of accounting department staff
• Compliance with Highgate Accounting Policies and Procedures and internal controls for our finance and accounting operations
• Effectively managing and communicating issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds.
• Monitoring hotel revenues and expenses and ensuring the accurate recording in accordance with Highgate Hotel’s established guidelines. Investigating and critiquing variances to budget or to prior year and offer practical improvement methodologies to management.
• Analyzing the financial data and operations to assist the Director of Finance and advise Department Heads in maintaining the hotel’s financial objectives.
• With supervision of Director of Finance hire, train, supervise and develop staff, including coaching, counseling, and discipline.
• Preparation of any special reports, statements, etc., as requested.
• Executes other special projects and responsibilities as assigned.
• Assist in ensuring hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Assist management in enforcing compliance on all these items.
• Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
• Manage staff including hiring and supervision as well as continually focus on training and development programs for accounting associates to cultivate the “brightest” and “best” talent within the industry.
• Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
• Timely interacts with Executive Committee members to ensure that property operations are always on track and under control.
• Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
• Conduct and/or attend and contribute to periodic meetings to maintain favor