Assistant Director of Finance

We’re Sonesta International Hotels.
The 8th largest hotel company in the U.S.—and growing fast.

An epic blend of full-service and focused hotels in major cities, Sonesta’s uniquely diverse portfolio of owned, managed, and franchised properties makes us everywhere you want to be. Driven by the human side of hospitality, we deliver service with passion, loyalty with purpose, and experiences that truly connect.

Together We Thrive—bringing quality, value, and amazing hospitality to every guest, every stay, across 1000+ properties in eight countries and counting.

Job Description Summary

The Assistant Director of Finance sets the tone for Sonesta’s Culture of Caring. We expect
leaders to focus on creating amazing moments for guests and team members and dig deep to
find ways to create success for their team. The responsibilities of the Assistant Director of Finance include planning, organizing, directing and controlling the financial operations while ensuring the security of hotel assets, maximizing the return on investment, providing timely and accurate reporting and analysis of results and integrity of the management information systems in a decentralized accounting environment Sonesta managers are charged with providing strategic vision, ensuring tactical execution, actively managing their department to achieve the company’s revenue, profitability goals and objectives.
The ideal candidate has a passion for building and motivating teams that achieve results.
Sonesta managers are guest-focused (both internal and external) achievement-oriented leaders.

Job Description

• Ensure compliance with company policies and local standard operating procedures.

• • Assist in the completion of timely and accurate annual budget and periodic forecasts

• Prepare accurate, timely and complete monthly financial statements with detailed workpapers and schedules in accordance with the company’s policies and procedures, applicable hotel management agreements, Generally Accepted Accounting Principles (GAAP) and the Uniform System of Accounts for the Lodging Industry (USALI).

• Develop and implement local accounting and financial control procedures and systems to ensure compliance with Sarbanes-Oxley (Sox) 404 key controls, safeguard assets, improve operations and profitability.

 • Responsible for risk management to preserve hotel property and reduce potential liability claims. • Manage and control receivables, payables, credit, payroll, cash handling and treasury functions with the hotel’s accounting department staff.

• Develop, implement and monitor hotel-specific A/R Responsibility Matrix and credit and collection practices in compliance with company-level policies and procedures.

• Distribute outlook and forecast information as an up-to-date management tool for operating departments, review and analyze variance versus actual results to measure and improve accuracy.

• Collaborate with department managers to provide clear explanations for budget and forecast variances, along with commentary on financial discrepancies.

• Maintain insurance coverage for protection against property losses and potential liabilities.

• Use financial and operational performance analysis, including benchmarking, to maximize hotel’s revenue, GOP flow-through and bottom-line financial return.

• Assist operations to improve the accuracy of work schedules and set labor standards to maximize productivity. Monitor and accurately measure actual labor usage versus labor standards to ensure timely reporting and decision-making.

• Comply with record retention as required for internal and external audits, coordinate audit visits and respond to auditor requests. Ensure compliance with government regulations, federal, state and local laws and contractual agreements.

• Perform any other job-related duties as assigned.

• Strategy and Planning: Set departmental goals and strategy to align to company mission. Provide leadership by clearly communicating financial concepts when rolling out initiatives and projects, measures and reports on actual versus anticipated results. Develop a strong business relationship with owners by understanding the priorities and strategic focus, attending and participating in meetings, addressing owner requests and initiatives, and demonstrating a comprehensive understanding of the terms and provisions of hotel management agreements. Ensure that all licenses, permits, contracts and legal agreements are up to date.

• Managing your Team interview, train, and promote Finance department staff. Provide constructive and consistent feedback and recommend disciplinary action when appropriate. Ensure team members receive proper training applicable to their position an