Assistance Director of Finance - Hotel Commonwealth

The Assistant Director of Finance helps ensure that The Hotel Commonwealth operates with integrity, efficiency, and purpose, supporting both the day-to-day demands and the long-term vision of this iconic Boston property. Supervise and coordinate the Accounting Operations in the hotel to ensure accurate, timely and consistent reporting in accordance with policies and procedures, Federal, State and local laws and regulations. 

• Supervise the Payroll, Accounts Payable, Accounts Receivable, Cashier and Night Audit employees; train, develop, empower, schedule, coach and counsel, resolve problems, provide open communications 
• Supervise the daily accounting operations ensuring compliance with the SOPs and Federal, State and local laws and regulations.
• Analyze and reconcile all general ledger accounts and bank statements to ensure financial information is available and accurate.
• Prepare financial statements and reports to ensure accurate, timely information is available for management.
• Assist in the compilation and preparation of the annual budget, forecasts, taxes and other financial reports to provide support thus ensuring accurate, timely information is available for management and owners.
• Train, monitor and coordinate the implementation and maintenance of financial and cash controls and information flow throughout the other departments in the hotel to ensure compliance, accurate records and minimize liabilities, losses and expenses.
• Resolve problems and ensure maintenance of the accounting systems and equipment to ensure smooth operations.
• Analyze and be familiar with tenants, leases and rent reports and ensure hotel is in compliance with hotel leases and management contracts.
• Has a fiduciary responsibility to company and management.
• Assumes the responsibilities of the Director of Finance in his/her absence.

OTHER RESPONSIBILITIES

• All other duties as assigned, requested or deemed necessary by management.

SUPERVISORY DUTIES

• Two to Five associates.

Education/Formal Training

• A four-year college degree (accounting preferred) or equivalent education/experience.

Experience

• One to two years of employment in hospitality management or hospitality accounting

Knowledge/Skills

• Requires knowledge of all the functions performed by the subordinate reporting directly or indirectly to the Hotel Director of Finance.
• Requires advanced knowledge of the accounting, finance and hospitality professions. Requires experiential knowledge for management of people and complex problems.
• Requires ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.
• Ability to make decisions guided by established policies and procedures.
• Ability to communicate so as to provide information and services, supervisory skills.
• In addition to these fundamental requirements, an Assistant Director of Finance must also be knowledgeable in the following areas: Office Management, Bank Reconciliations, Preparation of State and Federal Reports, Training of Accounting staff employees, Conducting or participating in meetings, Analysis of Balance Sheet Accounts, Preparation of Journal entries, closing the books and preparing the Balance, Sheet Package, Interviewing and evaluation of applicants as well as current employees
• Excellent hearing required to train and deal with management, employees.
• Excellent vision required to read reports, computer, etc.
• Excellent speech communication skills required to train and deal with management, employees.
• Excellent comprehension and literacy required for reports, computers, ledgers, etc.

Physical Demands

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Lifting, pushing, pulling, carrying - limited lifting, pushing, pulling or carrying up to 15-20 lbs. Generally boxes, computer equipment.
• Limited bending/kneeling required when arranging supplies or equipment.
• Mobility - limited, between offices and departments.
• Infrequent continuous standing, climbing or driving required.

Environment

• Work inside 95% of work period.