About this opportunity
HEI Hotels & Resorts lists this CFO Finance & Accounting opportunity in remote, Oregon. Review the employer’s description below for duties, qualifications and application requirements.
Job description
About Us
HEI manages an unparalleled portfolio of leading full-service branded hotels and luxury and lifestyle independent hotels across the U.We are the acknowledged experts on upper-upscale, luxury, and premium select-serve hotels in urban, super-suburban, and destination locations. At HEI, we recognize that our enormous success is solely the result of our greatest asset: Against that choice, our greatest obligation is to ensure day in and day out that our associates have the compensation and benefits they deserve and industry leading tools, training and support that they need to excel. At HEI we are dedicated to building a diverse and inclusive workplace, so if youre excited about this role but your experience doesnt align perfectly with every qualification in the job description, we encourage you to still send in your information. NoDiscretionary Performance Bonus Eligible? The Task Force Director of Finance is responsible for day to day accounting, forecasting accuracy, and budgeting of assigned HEI assets. Accountable for the month-end close process, balance sheet reconciliation, process improvement, and the control environment of each assigned hotel. The Transition Director of Finance is responsible for the successful onboarding and roll out of HEI initiatives and directives to newly managed HEI hotels as well as filling in at properties to assist in any gaps of management coverage. Supervises and directs the financial activities of the hotel, safeguards the assets, and prepares all financial reports in accordance with generally accepted accounting principles and HEI Hotels and Resorts Standards. Travel is required 100% of the time.
Ability to perform special financial analysis as needed and /or requested by General Manager and Corporate Office.
Provide accurate policy interpretations.
Assist other managers in analyzing statements, distributions, and other financial data.
Financial and Accounting Practices, Procedures, and Policies
Skill in correcting deficiencies identified on Internal Audit report.
Maintain effective cash control system with audits and reports for each period.
Review security over assets and auditing inventories.
Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor.
Control the Capital Expenditure program and complete ROI Analysis.
Financial Objectives
Complete entries required for preparation of the financial statements. Review statements for in accurate data and make corrections within the following period.
Inform the General Manager and HEI Corporate management of current and potential financial problems.
Accounts Receivable
Maintain appropriate standards for 60-90 day accounts. Conform to standards regarding the average collection period.
Documenting the local credit policy and auditing property compliances.
Approve all major accounts for credit as defined by local policy.
Conduct credit and write-off meetings as requested.
Submit accurate and timely critiques and credit loss reports as required.
Review all major banquet functions and group accounts for proper credit extensions prior to arrival.
Maintain standard regarding level of bad debt expenses as related to credit sales.
Aggressively fulfill the accounts receivable management responsibilities to maximize receivable realizations.
Complete financial required reports and requests from HEI Corporate offices. Establish other reports or documents, outside of SOPs as needed.
Balances in Asset and Liability Accounts
Reconcile account balances on a current basis.
Establish balances in accruals, pre-paid, and other accounts using proper accrual methods and expense realization logic.
Calculate various turn ratios and days available for major asset categories and compare to standards (linen, gift shop, food, beverages, guest supplies, and uniforms).
Work with Department Managers to control inventory balances according to established realistic pars.
Ability to comply with corporate and local policies for wages paid (increases and timing).
Establish an effective cross training program within the department.
S. in Accounting or Hotel Management
~3+ years experience in Hotel or Hospitality related Finance and Accounting.
~ Sound experience working within the hotel or service industry preferably in a multi-unit capacity.
~ A strong ability to successfully direct multiple and complex project work streams to successful completion.
~ Travel is required 100% of the time.
HEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness, creating value in your most important investment - you!
For your physical and mental wellness we offer competitive Medical and Dental programs through Anthem Blue Cross Blue Shield as well as Vision insurance programs through EyeMed. Our Vacation, Sick and Holiday programs are available for you to rejuvenate with time off. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.