Director of Finance
Job Overview
Job title: Director of Finance
Job description: Four Seasons Hotel Silicon Valley is proud to provide our guest the highest standards of luxury and personalized service. At Four Seasons we believe in recognizing a familiar face, welcoming a new one and treating every one we meet the way we would want to be treated ourselves. Whether you work with us, stay with us, live with us, discover with us, we believe our purpose is to create impressions that will stay with you for a lifetime. It comes from our belief that life is richer when we truly connect to the people and the world around us.
The Opportunity:
Four Seasons Hotel Silicon Valley is currently looking for a Director of Finance.
Essential function of the job:
Responsibilities and essential job functions include but are not limited to the following:
Continuously deliver the highest level of product with respect to financial reporting and analysis, internal control compliance and business management. Ensure this is done with both integrity and accuracy.
Ensure that bank accounts are opened in consultation with owners with a bank of strong financial standing and if local rating services are available, they should be utilized for verification of financial strength.
Ensure all cheques are signed only by authorized parties and that positive pay and positive payee is in place on all bank accounts (where available) and that source documents are approved by one member of Group B.
Ensure the preparation of a comprehensive monthly report of the entire financial results of the hotel in established corporate formats and in accordance with generally accepted accounting principles.
Effectively advocate Finance Department programs and policies to Planning Committee, Department Heads and employee groups.
Monitor the status of Accounts Receivable aging and billing collections to achieve company standards.
Maintain files on all contracts, leases and agreements and ensure compliance with their requirements; ensure proper authorization has been obtained for all hotel specific contracts (including Engineering), leases and other agreements and competitive bids are on file where applicable and reviewed prior to execution of contract.
As applicable, ensure compliance with all loan covenants and the balance of long-term debt is accurate and agrees to all supporting documentation and verified when payments are made.
As appropriate, based on the hotel’s accounting on behalf of owners, interest accruals on long-term debt may be recorded on the hotel’s books; the Director of Finance should ensure accuracy of the unpaid balance and applicable interest rate, and accrue the expense to the Interest Expense line item and record the corresponding liability in the Accrued Interest liability account.
Ensure that monthly reconciliations for all balance sheet accounts are prepared and signed off on in accordance with policy.
Review and sign off on all bank reconciliations monthly, paying special attention to reconciling items.
Continuously strive for improvement of processes and efficiency.
Monitor, control and record all sales, purchases, salaries and expenses of the hotel.
Closely monitor and effectively manage labor costs; plan vacations effectively and ensure proper service levels are provided with the labor standards, while minimizing OT. Comply with applicable Employment Laws.
Prepare forecasts and budgets as required locally, by corporate office or Management Agreement.
Review the cash position of the hotel on a daily basis in order to optimize the use of funds.
Ensure gains/losses on the sale/disposal of fixed assets are properly disclosed and recorded on the Statement of Changes in financial position (SR-25 where applicable) and on the P&L statement.
For locations that maintain full balance sheets including fixed assets, ensure accumulated depreciation accounts are accurate and properly recorded.
Always search out and drive new business opportunities that benefit the hotel.
Support, mentor and develop finance employees for today and the future.
Maintain harmonious and professional relationship with all departments and Home Office.
Comply with and enforce Four Seasons’ Category One and Category Two Work Rules and Standards of Conduct as set forth in EmPact.
Maintain close relations with hotel’s/resort’s ownership and internal/external auditors and ensure effective action necessary on all agreed upon recommendations.
Deal with all disciplinary and grievance matters in a consistent manner and ensure each issue is appropriately documented.
Conduct effective department meetings; appropriately communicate and complete any action items.
Assist General Manager in establishing policies, rules, internal controls and safeguards.
Actively support the Safety Committee.
Actively network within the community to attract potential candidates for recruitment purposes and understanding the competitive market.
Qualifications and Skills:
University degree – major in accounting or finance preferred
Three (3) to five (5) years of experience in the related position with Four Seasons or other organization.
Four Seasons is an Equal Opportunity, Affirmative Action employer. Minorities, women, veterans, and individuals with disabilities are encouraged to apply. To access the ‘EEOC is The Law’ Information poster please visit this website – https://eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf
Company: Four Seasons
Expected salary:
Location: Richer, MB
Job date: Wed, 26 Oct 2022 04:08:45 GMT
Job Source: Careerjet.ca