Highgate Hotels

  • Asst. Director of Finance

    Requisition ID
    2018-4811
    Category
    Accounting/Finance
    Job Location
    US-MA-Boston
    Property
    Boston Park Plaza
  • 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. Highgate also has an expanding presence in key European markets through properties in London, Paris, Barcelona, Vienna and Prague. Highgate’s portfolio of global properties represents an aggregate asset value exceeding $10B and generates over $2B 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

    Boston Park Plaza

     

    An unrivaled blend of warmth, authentic heritage, and contemporary sophistication attract travelers from around the world to Boston's most beloved hotel, the Boston Park Plaza. With the recent completion of a $100 million landmark transformation of all guest rooms, meeting space and public areas, guests quickly discover that this 1927 historic hotel is still classic, timeless, and always in-style. The hotel features 1,060 guest rooms (including 57 suites) plus onsite amenities.This historic and vibrant hotel is located in Boston's Back Bay neighborhood, just steps away from Boston Common and within walking distance of world-renowned Newbury Street, the Financial District, Faneuil Hall Marketplace, and a host of other famous historical Boston sites.

    Employment Status

    Full-Time

    Overview

    The Assistant Director of Finance is responsible for providing consistent leadership in the financial aspects of the hotel by supplying the accounting staff with guidance and training. He/she is also responsible for 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 safeguarding owners/investors assets.

    Responsibilities

    • Assist Director of Finance in timely preparation of monthly financial statements for the property
    • Prepare, monitor, and accurately record hotel revenues daily by preparation of the Income Journal. Identify all variances to budget and last year.
    • Monitoring and control of hotel operations, cash flow and operating forecasts for the property
    • Under guidance of Director of Finance maintain timely interaction with Department Heads to assure that property operations are on track and under control at all times
    • 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 manage and communicate related issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds.
    • Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotel’s established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
    • Analyze financial data and operations in order to assist Director of Finance and advise Department Heads in maintaining the hotels’ 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.
    • Other special projects and responsibilities as assigned.

    Qualifications

    • Bachelors Degree, preferably in Accounting.
    • Extensive experience in Accounting leadership at a premier hotel
    • Strong PC skills including Excel, Word and financial accounting systems.
    • Strong organizational, analytical, verbal and written communication skills.
    • Long hours and sometimes required.
    • Hospitality related financial management and accounting experience desirable.

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