Located just a short walk from Times Square and a few minutes
from Broadway, The Muse Hotel in New York is seeking an experienced
leader to fill the position of Director of Finance. Crescent Hotels
and Resorts offers an excellent benefits package to include
medical, dental, vision, life insurance, short-term/long term
disability, 401(k) with a match, vacation, sick, holiday pay, hotel
room discounts and much more!
The Director of Finance is responsible for providing ethical and
consistent leadership in the financial area of the hotel by
supplying management with guidance, training, support and is also
responsible for focusing on the profitability of the business,
maintaining accurate and timely financial reporting, ensuring
acceptable levels of internal controls, ensuring compliance with
all federal, state, and local regulations, and safeguarding
Responsibilities include but are not limited to:
-Evaluating the financial impact on business decisions.
-Ensure that all levels of management are promptly notified of any
financial deviations from established policies and/or control
weaknesses in the hotel.
-Effectively manage and communicate cash flow related issues, as
required to management and ownership. This includes the accurate
and timely preparation of cash-flow statements, management of
receivables, cash balances, control mechanisms and timely deposits
of all funds.
-Monitor hotel revenues and expenses and ensure the accurate
recording in accordance with Crescent Hotels and Resorts
established guidelines. Investigate and critique variances to
budget or to prior year and offer practical improvement strategies
-Monitor the capital planning process by assisting management with
calculation of return on capital improvements, gathering support
and monitoring the bid process, and evaluating scope of work and
-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.
-Coordinate the completion of all forecasts and budgets as
required, with the full and active participation of management
-Analyze financial data and operations in order to assist and
advise management in maintaining the hotels' financial
-Ensure that all balance sheet accounts, including bank
reconciliations are reconciled on a timely basis.
-Establish and continually audit all internal financial controls
including purchasing, cash handling, disbursements, credit
extension, inventories, hotel assets, master keys, payroll, and
-Embrace a continuous growth environment by actively hiring
professional staff and assisting in recruiting, reviewing,
recommending and maintaining an inventory of qualified and
promotable Associates that can potentially become Controllers,
Assistant Controllers, Accounting Managers, and other managers for
-Continually focus on training and development programs for finance
associates to cultivate the "brightest" and "best" talent within
-Hire, train, supervise and develop staff, including coaching,
counseling and discipline.
-Maintain compliance with Crescent Hotels and Resorts standards and
regulations to ensure safe and efficient operation of the
-Ensure proper utilization, maintenance and periodic upgrades of
all IT systems and equipment.
-Direct and/or prepare all financial reports in accordance with CHR
requirements meeting various due dates and deadlines.
-Review and submit a Daily Revenue Report.
-Ensure timely deposit of all cash and transmission of Credit
-Review Labor Report for overtime and any variance to Forecast.
-Review departmental Checkbooks and advise of any needed
-Distribute and discuss weekly G/L report with department
-Update GM on any unfavorable financial issues impacting the
-Ensure there is sufficient cash to meet all scheduled obligations.
-Reconcile Balance Sheet with proper back up.
-Ensure that all banks are counted.
-Count the main vault.
-Review "Key Financial Controls" Checklist to ensure adherence and
-Review actual numbers to forecast to find discrepancies in
forecasting to improve accuracy in future months.
-Participate in the monthly Credit Meeting.
-Actively participate, complete and review the forecast with
Department Heads prior to submission.
-Perform any other job related duties as assigned.