Director of Finance

posted June 21, 2024

Hilton Indianapolis Hotel & Suites

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Compensation: Range $110k - $115k annually

Job Type
Full-time

Description

 Job Summary 

The Director of Finance is responsible for all activities related to budgeting forecasting profit and loss reporting and account reconciliation for operating and balance sheet accounts for our hotel location. This role directly oversees all accounting activities related to income auditing cashiering accounts payable processing accounts receivable collection tax compliance payroll and month end processing. This position is a high-profile Executive Committee position. 

Job 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 include 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 upholds 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.
  • Analyzes  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 reconciles expenditures monthly.
  • Ensures strong accounting and operational controls to safeguard assets and maximize profits.
  • Oversees 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 high standards for performance and holds the team accountable for results.
  • Supports and brings to life the property's core values and service culture.
Management
  • Interview, select and train associates.
  • Set and adjust associates’ rates of pay and hours of work.
  • Direct the work of associates.
  • Appraise associates’ productivity & efficiency to recommend promotions or other changes in status.
  • Handle associate complaints.
  • Discipline associates.
  • Plan the work.
  • Determine the techniques to be used.
  • Apportion the work among associates.
  • Determine materials, supplies, machinery, equipment or tools to be used or merchandise to be bought, stocked & sold
  • Control the flow and distribution of materials or merchandise and supplies.
  • Provide for the safety and security of the employees or the property.
  • Plan and control the budget.
  • Monitor or implement legal compliance measures.
  • Customarily and regularly direct the work of at least 2 or more full-time associates or their equivalent (1 full-time associate at 40 and 2 half-time associates at 20 hours each, are equivalent to 2 full-time associates).
  • Authority to hire or terminate associates, or makes suggestions and recommendations as to the hiring, terminating, advancement, promotion or any other change of status of associates are given particular weight.
Physical Requirements And Working Conditions
  • Close and distance vision. Frequent sitting with some walking and standing. Frequently lifts/carries up to 25 lbs.
  • Continually works in normal office conditions and in close proximity to others.
Additional Physical, Visual And Working Requirements   
  • Identify and distinguish colors.
  • Outdoor weather conditions.
  • Stand for long periods of time.
  • Walk extended distances.
  • Lift/carry 6-25 lbs.
  • Reach hands and arms in any direction.
  • Kneel and/or stoop repeatedly.
  • Able to work overtime and/or irregular hours.

While this job description is intended to be an accurate reflection of the requirements of the job, management reserves the right to add or remove duties from particular jobs when business need dictates. 

Requirements

  •   Possess a 4-year Bachelor 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)
  • 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.
  • 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 track record of developing a highly  motivated 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.
  • 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.
  • Ability to work a varied schedule including days evenings weekends holidays and extended hours based on business needs.
  • Supervises
    and leads the professional development a dynamic finance team.
  • Demonstrate  Leadership and Strategic Decision Making.
  • Thinks 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 conveys confidence and commands respect from others.
  • Maintains peak performance levels under pressure and in a dynamic work environment.
Salary Description
Range $110k - $115k annually
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Hilton Indianapolis Hotel & Suites

352 Room Hotel

A relaxing stay in downtown Indianapolis

We’re in Downtown Indianapolis, a short walk from Hilbert Circle Theatre, Indiana Convention Center, and the Circle Centre Mall. Gainbridge Fieldhouse, Lucas Oil Stadium, and the Indianapolis Canal Walk are a five-minute drive. We have an indoor heated pool, fitness center and free WiFi. Enjoy room service and dining at our two restaurants.

120 West Bar & Grill

Join us for breakfast and dinner in 120 West Bar & Grill. For breakfast or dinner, there's always something delicious waiting for you. Located on the corner of Market & Illinois. Valet parking is available, and all major credit cards are accepted.

In-Room Dining

Enjoy the comforts of your incredible guest room/suite and take pleasure in the convenience of in-room dining with our extensive room service menu.

McCormick & Schmick's

McCormick and Schmick's, a nationally recognized seafood restaurant, is uniquely designed to create an inviting, relaxed atmosphere where guests can enjoy the highest quality dining experience. The menu is printed twice daily featuring the signature 'fresh list' highlighting an impressive number of fresh seafood varieties, in addition to aged steaks, poultry, entree' salads and pasta.

We have 18 event spaces including our Victory ballroom, Monument Hall, and a collection of meeting and conference rooms. Our dedicated planners will assist with A/V equipment and catering menus for your event.