Director of Finance

Overview The Boston Harbor Hotel is a premier Forbes Five-Star luxury waterfront property recognized for its excellence in service and hospitality. As a flagship property within our management company, we operate at the highest levels of financial and operational efficiency. We are seeking a Director of Finance to lead our financial strategy, reporting, and compliance while working alongside a high-performing executive team. The Director of Finance will work closely with the General Manager and Regional Director of Finance to ensure the accuracy, timeliness, and integrity of all financial reporting and analysis. This role will oversee the Accounting Department, including the Assistant Director of Finance, Payroll, AP/AR, Director of Purchasing, and Director of IT, ensuring compliance with all regulatory requirements and optimizing financial performance. As a member of the Executive Committee, this individual will play a key role in strategic decision-making, risk management, and financial planning for the hotel. The ideal candidate will be a seasoned hospitality finance professional with a proven history of leadership in luxury hotel financial management. ESSENTIAL FUNCTIONS:• Maintain and secure assets, minimizing outstanding receivables and investments inventories.• Prepare within conjunction with General Manager and Department Heads, all operational budgets and forecasts.• Prepare cash flow forecast on a monthly basis.• Oversee preparation of accurate and timely monthly financial statements.• Develop and maintain internal controls in all departments.• Maintain all contracts, leases and other legal and financial records.• Implement and support property operating policies and procedures.• Operate in compliance with all local, state and federal laws and government regulations.• Ensure property is in compliance with Management Contract.• Assist in development of Risk Management program. Maintain insurance (general liability, property and Worker's Compensation) programs.• Coordinate all financial audits by outside concerns.• Coordinate all internal financial training and development of department heads and managers.• Prepare periodic presentations at owner's meetings. Responsibilities The candidate assuming this role must have a bachelor's degree in either Hospitality or accounting/finance/business. The candidate must have a minimum of intermediate accounting coursework. A minimum of five years Hotel Accounting experience as Director of Finance in a similar sized luxury hotel. Strong written and verbal communication skills. Ability to manage balance sheet activity and reconcile accounts monthly Ability to analyze work flow and develop efficiencies Experience with Cash flow management and preparing cash flow forecasts for properties. Ability to lead and develop Finance team members for career growth Proficiency in forecasting and budgeting Possesses a heightened sense of urgency in meeting reporting deadlines, with accuracy and clarity Be able to identify, analyze and clearly communicate variances to budget, forecast or prior year in all financial reporting Understand how to work with hotel PMS and outlet POS systems. #LI-CG1 PI6415885c01a8-25826-36993286

Created: 2025-02-22