- 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
- 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
- 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
- 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.
- 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
- Directs or prepares all financial reports in accordance with
Highgate Hotels' requirements, meeting various due dates and
- Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue
- Monthly: Financial Statements, Forecasting KeyStatistics Report,
- 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
- Monitor hotels' compliance in meeting required report deadlines
and due dates and react accordingly.
- Monitor the accurate production of the hotel daily operating
- Executes other special projects and responsibilities as assigned.
Associated topics: director finance, general operations manager,
manage, operation, organizational culture, president, president
finance, senior director, supervise, supply