Director of Finance Acctg & Bus Supp - InterContinental Washington DC - The Wharf

About Us 

IHG Hotels & Resorts is one of the largest hotel companies in the world and one of the world’s leading hotel and resort companies with a family of 19 brands. Our purpose – True Hospitality for Good – comes to life in every one of our collections. With luxury and lifestyle, we are taking it to new heights.

Five visionary brands - InterContinental, Regent Hotels, Six Senses, Vignette Collection and Kimpton Hotels - make up our luxury collection. Individually, they are icons. Together, they bring unforgettable and unparalleled experiences to travelers in over 430 hotels and resorts in 100 countries around the world. 

Having recently added a host of incredible properties to our portfolio, we now stand as one of the world’s leading luxury operators. Each of our hotels cultivates a distinctive style and ambience where we embrace every opportunity to give our guests unforgettable and unparalleled experiences. 

About the hotel

A luxurious hotel destination at The Wharf on D.C.’s Waterfront, the InterContinental Washington D.C. – The Wharf in the reimagined Wharf neighborhood brings sophistication to its contemporary style. Perfectly placed on the beautiful Potomac River, InterContinental Washington D.C. – The Wharf enjoys the most incredible waterfront views of D.C. Steps away from America’s political epicenter, the hotel embraces guests with an exquisitely curated resort destination that reignites the river’s edge and a captivating sanctuary in the center of The Wharf neighborhood, paying homage to the maritime and industrial-working heritage of its setting.  Featuring a relaxing seasonal rooftop pool with striking Potomac River views and the indulging full-service spa, The Spa at The Wharf, modern luxury, culture, and a rich history combine in the Wharf neighborhood to create a perfect atmosphere for guests and locals alike.

About the Director of Finance position

Direct the financial operations of the hotel to ensure the security of the assets of the company. This is the top Accounting job in a large full service, luxury hotel.  Typically supervises clerical accounting employees in a full range of functions such as Accounts Payable, Accounts Receivable, Credit/Collections, Purchasing, Audit, Payroll, and/or Accounting Operations.

Financial Returns

Manage receivables, payables, credit, payroll and cash handling functions with the accounting department.  Implement and maintain acceptable accounting practices and procedures as required by company policy and procedures, generally accepted accounting practices, and as effected by local conditions.

Prepare financial analyses of hotel operations including variance explanation and make recommendations to ensure the achievement of business goals/targets.

Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximize financial return. Highlight trends that are likely to shape the wants and needs of internal and external customers of the future; lead the organization in exploring business opportunities that create value for the customer while driving profit.

Develop and implement financial control procedures and systems; ensure compliance to “internal Control Checkup”; maintain documents for audits of hotel accounts; ensure compliance with government regulations; federal, state and local laws; and contractual agreements. Independently comply with record retention requirements.

Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.

Analyze ROI capital projects prior to committing funds and upon completion determine if anticipated results were achieved. 

Maximize cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances.

Enforce, document and establish adequate controls for all revenue and expenses and protection of assets, and ensures controls will satisfy or improve the level of guest service.

Review rates and recommends rate strategy to the General Manager; participates in sales strategy meetings.

Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow-moving items.

Ensure all accounts are reconciled on monthly basis, review and approve those reconciliations.

Ensure payments are made to IHG (All Fees and bi