Director of Finance

Company: Stanford Hotels Corporation
Location: Santa Clara
Posted on: April 1, 2025

Job Description:

Salary: $130,000-$140,000 (Based on Experience)JOB OVERVIEW:The Director of Finance is a member of the Executive Committee which champions, develops and implements hotel-wide strategies that deliver products and services to meet or exceed the needs and expectations of guests, team members, owners and Hilton. The Director of Finance is responsible for safeguarding the hotel assets and financial resources contributing towards optimizing hotel financial performances; provides timely and accurate financial information; and ensures that the hotel operates within all related local and corporate policies and procedures and under the terms of the franchise agreements and any other applicable agreements. The Director of Finance is also responsible for the development of Finance/Accounting talent for the future growth of the company.WHAT YOU'LL DO:

• Directs and administers all financial operations of the hotel including, but not limited to asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.
• Creates and executes a business plan that is aligned with the hotel and brand's business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results.
• Engages in creative strategic planning and practical decision making to improve profitability, including estimating costs and benefits, and exploring new business opportunities.
• Prepares annual budgets, forecasts, and financial reports in accordance with company/corporate guidelines.
• Monitors and approves all sales, purchases, salaries, and expenses of the hotel.
• Conducts financial analysis to identify market trends, financial data variances, and operational opportunities for improvement.
• Monitors and manages cash flow, accounts receivable, and accounts payable, and prepares monthly cash flow statements based on forecasted earnings.
• Oversees payroll processing and ensures compliance with labor laws and regulations.
• Tracks capital asset purchases for external reporting and calculating the FF&E reserve.
• Coordinates with department heads to develop cost-control initiatives and maximize operational efficiency.
• Provides ongoing analytical support by monitoring the operating department's actual and projected sales.
• Produces accurate forecasts that enable operations to react to changes in the business.
• Prepares and submits all required reports within specified timeframes per corporate guidelines. This includes the accurate and timely preparation of monthly financial statements, cash flow statements, management of receivables, payables, cash balances, etc.
• Reconciliation of balance sheet accounts each month per corporate guidelines and review any accounts problem and adjust entries to the general ledger.
• Maintains accurate financial records and ensures compliance with internal policies and external regulations.
• Prepares timely and accurate sales, use, and occupancy tax returns, as well as any other external reports or returns as deemed necessary.
• Ensures all legal, treasury, and tax documentation is properly maintained and secured, and that all statutory and fiscal reporting requirements are satisfied, which includes any governmental requirements for permits and licenses.
• Collaborates with internal and external auditors and regulatory agencies to facilitate audits and inspections, and correct and/or implement audit recommendations.
• Establishes and maintains policies and procedures of the hotel, enforces safety regulations, and interprets all hotel and corporate policies.
• Maintains a strong accounting and operational control environment to safeguard assets and improve operations and profitability by implementing and maintaining a system of appropriate controls to manage business risks.
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
• Hires, trains and supervises the Finance/Accounting team's performances including, but not limited to providing leadership and professional development, conducting coaching/counseling and evaluations, delivering recognition and reward, and fostering a culture of accountability.
• Attends meetings and communicates with corporate office and owner to understand the priorities and strategic focus of key stakeholders (owners, corporate, guests, etc.)
• Advises about insurance coverage for protection against property losses and potential liabilities.
• 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.
• Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
• As a member of the Executive Committee, attends owner's meetings when required and provides context to the hotel financial results. Demonstrates an understanding of owner's priorities.
• Monitor the accurate production of the hotel daily operating reports.
• Identifies key projects and manages associated Capital Expenditure funds for product improvement and increased revenue potential.
• Executes other special projects and responsibilities as assigned.WHAT WE'LL NEED:
  • Bachelor's degree in Accounting, Finance or a related field.
  • Proven experience of minimum 10 years of progressive experience in finance/accounting (with at least 5 years in a leadership role) within the hospitality industry.
  • Prior Controller and Director of Finance experience, preferably at a Hilton branded hotel.
  • Excellent computer proficiency (Microsoft Office - Word, Excel and Outlook) as well as required hotel-specific systems and accounting/financial software, including but not limited to Micros, OnQ and ProfiSage.
  • Knowledge of regulatory requirements and compliance standards in the hospitality industry.
  • Excellent verbal and written business communication skills, with the ability to effectively interact and present financial information to leadership at all levels.
  • Strong analytical skills with the ability to interpret financial data and make informed decisions.
  • Ability to perform job functions independently, work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
  • Ability to focus and maintain attention to multiple tasks in a short time period, and complete work assignments within deadline demands, despite frequent interruptions.
  • Ability to effectively handle high-pressure situations in order to diffuse anger, collect accurate information and resolve conflicts.
  • Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
  • Demonstrates leadership abilities, with a focus on team building and employee development.WHAT WE OFFER:
    • Dental, Medical, and Vision
    • 401K Match
    • Vacation, sick and holiday pay
    • Free Parking at the hotel
    • Meals provided
    • Education Assistance
    • Room Rate Discounts with any Hilton Brand Hotel
    • Additional Room Discounts for select hotels within portfolio
    • Discount rates for travel such as car rental, theme parks, and much moreThe Hilton Santa Clara is an Equal Opportunity Employer. All qualified applicants and employees will receive consideration for employment without regard to race; color; sex; gender identity; sexual orientation; religious practices and observances; national origin; pregnancy, childbirth, or related medical conditions; status as a protected veteran or spouse/family member of a protected veteran; or disability. If you need accommodation for any part of the application process because of a medical condition or disability, please send an email to ngoc.diep@hiltonsantaclara.com or call (408) 562-6714 to let us know the nature of your request.
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Keywords: Stanford Hotels Corporation, Santa Clara , Director of Finance, Accounting, Auditing , Santa Clara, California