Highgate Hotels

Director of Finance

Requisition ID
2025-62905
Category
Accounting/Finance
Job Location
US-NY-New York
Property
Graduate Roosevelt Island
Compensation Minimum
USD $150,000.00/Yr.
Compensation Maximum
USD $165,000.00/Yr.

Compensation Type

Yearly

Highgate Hotels

Graduate by Hilton New York is part of the Graduate Hotels collection located on the Cornell Tech Campus on Roosevelt Island, serving as the island’s first hotel and marking the brand’s debut in New York City.  The Graduate hotels tend to play an outsized role in the hospitality scenes of the college towns they call home, but this one stretches the traditional definition of “college town” just a bit. Even many New Yorkers are still unaware that Roosevelt Island is home to the Cornell Tech campus, a satellite of the Ithaca-based Ivy League university. Graduate Roosevelt Island is the island’s only hotel, and in typical Graduate style it’s dedicated to the campus that it serves. 

 

Graduate by Hilton New York is a Michelin Guide ranked hotel that is architecturally designed by the internationally renowned design firm SnøhettaThe interior design blends Old School and New Age, taking inspiration from both the rich history of Roosevelt Island and the future of technology that the Cornell campus embodies. The crown jewel of the property is the Panorama Room, the stunning 168-seat rooftop bar and lounge designed by James Beard Foundation Award-winning design firm, Parts and Labor Design  Additionally, this property is managed by the famed investment management company, Highgate, which has a portfolio of global properties, representing an aggregate asset value exceeding $20B and generates over $5B in cumulative revenues.  

Location

Graduate NY

 

Graduate Roosevelt Island is part of the Graduate Hotels collection located on the Cornell Tech Campus on Roosevelt Island, serving as the island’s first hotel and marking the brand’s debut in New York City. Architecturally designed by internationally renowned design firm, Snøhetta, and interior design from Graduate Hotels’ in-house team, the hotel blends Old School and New Age, taking inspiration from both the rich history of Roosevelt Island and the future of technology that the Cornell campus embodies. The futuristic, fashionable and the functional meld to create a space that’s bright, open and always interesting. The crown jewel of the property is the Panorama Room, the stunning 168-seat rooftop bar and lounge designed by James Beard Foundation Award-winning design firm, Parts and Labor Design, this venue evokes a sense of cinematic drama inspired by futurism creating a true destination for fashion-forward elegance in an intimate space all set against unobstructed city views.

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.
  • Dual reporting to ownership and provides them with information and reporting in a timely fashion. 
  • 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.

Qualifications

  • At least 5 or more years of Hospitality Finance/Accounting experience.
  • Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
  • Excellent verbal and written communication skills.
  • Bachelor’s degree required preferably in Finance or Accounting.
  • Must supervise 2 or more employees
  • Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.

 

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