Director of Finance
Company: Stanford Court
Location: San Francisco
Posted on: May 28, 2023
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Job Description:
Highgate Hotels
Highgate is a leading real estate investment and hospitality
management company widely recognized as an innovator in the
industry. Highgate is the dominant player in major U.S. gateway
cities including New York, Boston, Miami, San Francisco and
Honolulu, with a growing footprint in Europe, the Caribbean and
Latin America. The hospitality forward company provides expert
guidance through all stages of the property cycle, from planning
and development through recapitalization or disposition. Highgate
has a proven record of developing its diverse portfolio of bespoke
lifestyle hotel brands, legacy brands, and independent hotels and
resorts with contemporary programming and digital acumen. The
company utilizes industry-leading revenue management tools that
efficiently identify and predict evolving market dynamics to drive
outperformance and maximize asset value. With an executive team
consisting of some of the most experienced hotel management
leaders, the company is a trusted partner for top ownership groups
and major hotel brands. Highgate maintains corporate offices in New
York, London, Dallas, Los Angeles, Miami, Seattle and Waikiki.
www.highgate.com .
Location
Located atop San Francisco's famed Nob Hill at the corner of
California and Powell streets, Stanford Court hotel is steps from
the city's best dining, shopping, entertainment and cultural
attractions. The hotel features 393 well-appointed rooms and
suites, offering comfortable accommodations for leisure and
business travelers in a prime location. With a storied history
dating back nearly 140 years, Stanford Court sits on the historic
site of renowned "Big 4" railroad mogul, university founder, and
U.S. senator Leland Stanford's elaborate private mansion. Leland
Stanford was at the forefront of innovation in his era, and today's
Stanford Court hotel pays homage to his legacy by representing the
new frontier of innovation for the 21st century.
Overview
The Director of Finance is responsible for providing consistent
leadership in the financial area of the hotel by focusing on the
profitability of the business; maintaining accurate and timely
financial reporting; ensuring acceptable levels on internal
control; ensuring compliance with all federal, state, and local
regulations and Highgate Hotels 's Standard Operating Procedures;
and safeguarding owners/investors assets.
Responsibilities
- Effectively manage and communicate cash flow related issues. This
includes the accurate and timely preparation of monthly financial
statements for the property: cash flow statements, management of
receivables, payables, cash balances, control mechanisms and timely
deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate
recording in accordance with Highgate Hotels established
guidelines. Monitors and controls Hotel's cash flow and operating
forecast.
- Creates annual budgets and monthly variance analysis.
Investigates and critiques variances to budget or to prior year and
offer practical improvement methodologies to management.
- Ensure hotels' compliance on all regulatory licenses and permits,
leases, contracts, legal agreements, and the proper execution of
all operational taxes. Provide assistance to management in
enforcing compliance on all these items.
- Analyze financial data and operations in order to assist and
advise management in maintaining the hotels' financial
objectives.
- Complies with Standard Accounting policies and procedures and
internal controls for finance and accounting operations
- Timely reviews and approval of all balance sheet accounts,
including monthly bank reconciliation and general ledger account
reconciliations.
- Establish and continually audit all internal financial controls
including purchasing, cash handling, disbursements, inventories,
hotel assets, master keys, payroll, and employee records.
- Successful completion of all internal and external financial
audits, including coordination of work with CPA firms and
delivering information requested by auditors on a timely basis.
- Hire, train, supervise and develop staff, including coaching,
counseling and discipline.
- Maintain compliance with Highgate Hotels' standards and
regulations to ensure safe and efficient operation of the
hotel.
- Directs or prepares all financial reports in accordance with
Highgate Hotels' requirements, meeting various due dates and
deadlines, i.e:
- Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue
Updates
- Monthly: Financial Statements, Forecasting KeyStatistics Report,
Cash Flow
- Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
- Timely interacts with Executive Committee members to assure that
property operations are on track and under control at all
times.
- Monitor hotels' compliance in meeting required report deadlines
and due dates and react accordingly.
- Monitor the accurate production of the hotel daily operating
report.
- Executes other special projects and responsibilities as
assigned.
Keywords: Stanford Court, San Francisco , Director of Finance, Accounting, Auditing , San Francisco, California
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