Director of Finance

Sonesta

Responsibilities
Experience
Workhours

Job Description Summary

The Royal Sonesta Harbor Court (four-diamond rated), conveniently located in downtown Baltimore, is seeking a Director of Finance to join our winning team. Upholding the European tradition of grand style and gracious hospitality, the all-new Royal Sonesta Harbor Court Baltimore recently completed an $11 million renovation of its guest rooms, public and meeting space, and is the discriminating choice among Inner Harbor hotels. Artfully blending old and new, the property has been re-imagined into a hotel that incorporates up-to-date conveniences and designs while keeping some of the building’s rich architectural elements and furnishings.

Position Summary

The Director of Finance will be a strategic thought-partner, and report directly to the General Manager with dotted lines to the Treasurer/Chief Financial Officer. The successful candidate will be a hands-on and participative manager and will lead and develop an internal team to support the following areas: finance, business planning and budgeting.

The Director of Finance will play a critical role in partnering with the senior leadership team in strategic decision relating to cost containment, revenue enhancement, profit improvement opportunities and safeguarding of the company’s assets.

This position champions, develops and implements property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand’s target customer and property employees. The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment. In addition, creates and executes a business plan that is aligned with the property and brand’s business strategy and focuses on the execution of financial activities and the delivery of desirable financial results.

Principle duties and responsibilities (Essential Functions) include:

  • Operational/Functional:

o Develop and oversee accounting policies and procedures to meet both current and future business requirements of the property to include continuous improvement of Accounting and Financial Processes and the development of the team with the goal to achieve best practices and optimal output.

o Oversee the External Audit, review and analyze results and recommend for approval the Audited Financial Statements.

o Prepare the financial section of the annual report.

o Oversee the Cash Management function, including banking relationships.

o Ensure that the property is in compliance with all internal policies and relevant regulations and ensure filings are completed in a timely manner.

o Develop and oversee finance and operations controls and policies to ensure compliance in accordance with the guidelines set forth by the corporate office. Ensure effective follow up processes are in place.

o Manage the financial system including the payroll function, ensuring maximum productivity and that it meets the needs of the business today and the future.

o Perform other duties as assigned and may serve as “manager on duty”” as required.

  • Strategy and Planning:

o Involvement with strategy development and implementation of short and long-term financial forecasts of financial performance for use with internal management and external parties.

o Understanding and monitors re-engineering processes and large scale systems change to ensure that plans, processes and programs are being utilized.

o Develop, implement and maintain accounting and administrative policies and procedures for a wide-ranging set of activities including financial accounting and reporting, and other corporate policies.

  • Financial Management:

o Protects assets by establishing, monitoring, and enforcing internal controls.

o Monitors and confirms financial condition by conducting audits; providing information to external auditors.

o Maximizes return, and limits risk, on cash by minimizing bank balances; making investments.

o Provides status of financial condition by collecting, interpreting, and reporting financial data.

o Monitors budget allocations, expenditures, fund balances and related financial activities for the purpose of ensuring that allocations are accurate, revenues are recorded, expenses are within budget limits and/or fiscal practices are followed.

  • Managing your Team

o Ensure that the Accounting team is consistent with their service delivery and operates in a consultative and solutions-based capacity to all levels of department and employees with regard to financially related plans, policies and procedures.

o Ensure team members receive proper training applicable to their position and career aspirations and in accordance with company policy and/or local laws

o Responsible for monitoring, measuring, and recognizing performance of team members who directly report to the role and indirect reports

o Support, comply and promote company initiative, policies and guidelines.

o Handle employee issues in a professional and timely manner.

  • Leading with Passion

o Develop Finance and Accounting team goals that are fully aligned with the organization goals.

o Lead and coach the team to recruit and retain high caliber staff.

o Provide coaching, guidance and support, set professional development plans to assist employees to reach their full potential through the Performance Management process.

o Ensure the team delivers the highest standard of departmental, cross departmental and cross functional teamwork and customer service.

o Ensure optimal deployment of resources to achieve business goals.

o Lead by example and operate with integrity and respect.

o Inspire your team to embrace and demonstrate our values and G.U.E.S.T. People Standards.

Qualifications and Skills:

A candidate for this position must possess the following applicable knowledge, skills and abilities and be able to demonstrate and provide applicable examples to support his/her competency.

  • Bachelor's degree with a minimum of 3-5-five years of professional financial and operations management experience in a high-volume hospitality environment with an emphasis on pre-opening.
  • The ideal candidate has experience of final responsibility for the quality and content of all financial data, reporting and audit coordination.
  • Ability to translate financial concepts and effectively collaborate with different departments who do not necessarily have finance backgrounds.
  • Technology savvy with experience selecting and overseeing software installations and managing relationships with software vendors; knowledge of accounting and reporting software.
  • Commitment to training programs that maximize individual and organization goals across the organization including best practices in accounting/ finance activities.
  • A successful track record in setting priorities; keen analytic, organization and problem solving skills which support and enable sound decision making
  • Excellent communication and relationship building skills with an ability to prioritize, negotiate, and work with a variety of internal and external customers.
  • A multi-tasker with the ability to wear many hats in a fast-paced environment

Company Overview

Sonesta

Welcome to Sonesta. These three simple words could open up a whole new world to you. Each of the hotels and resorts in the Sonesta Collection provides a unique experience unrivalled in the hotel industry. Sprung from the classic hoteliers of the mid-20th century, Sonesta enjoys a rich history celebrating nearly 70 years in hospitality. We offer a diverse and distinctive portfolio of nearly 60 properties across three continents, each providing an authentic visit delightfully reflecting the culture and personality of its destination.

We aspire to greet every Sonesta guest with a spirit of warmth and welcome, proudly exceeding our guests’ expectations. Those aspirations extend deep into the heart of our hotels – right into the lives of our employees. In fact, we consider ourselves more than a hotel management company - we’re a member of the communities we serve. At our core, we celebrate the individuality of everyone who walks through our doors. For our employees, that means we ensure they develop the skills and tools they need to do their job and exceed even their own expectations. We invite you to discover what you have been missing at Sonesta. Join us – we can’t wait to meet you!

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status or any other characteristics required by law.

The statements in this job description are intended to represent the key duties and level of work being performed. They are not intended to be ALL responsibilities or qualifications of the job. This position is classified as exempt and is not subject to overtime in accordance with Federal and State Regulations. This job description is subject to change at any time.

Our Mission

To add value to the lives of the people with whom we interact

Our Vision

Our vision is that all that we do collectively and individually results in the following:

  • Guests prefer Sonesta hotels to those of its competitors
  • Guests have a better experience at Sonesta
  • Employees prefer Sonesta

Our Values

  • Operate with integrity and ethics
  • Value our employees as individuals
  • Provide service with passion
  • Exceed customer’s expectations
  • Exceed owner’s expectations

Brand Pillar: Culture of Caring

Guest experience only happens with employee experience. Our employees feel cared for—whether through employee engagement, opportunities to be charitable, or related to causes near to their own hearts, because this leads to taking care of our guests and our community.

Brand Pillar: Passionate & Engaging Service

Our employees are passionate about the work they do and are truly engaged in taking care of our guests. There is a recognition of individual guests—their unique needs are anticipated and their expectations are exceeded.

Job Description

Additional Job Description

Benefits

Sonesta recognizes that benefits play a vital role in helping ensure the health and financial security of employees and their families. We offer a variety of benefits to our employees including:

  • Health Benefits (Health & Dental Insurance)
  • 401(k) Retirement Plan
  • Vacation
  • Sonesta Hotels & Other Outlets Discounts
  • Paid Holidays
  • Sick Days
  • Educational Assistance
  • Employee Recognition Programs
  • Newborn & Adopted Child Leave
  • Spousal & Domestic Partner Leave
  • Life Insurance
  • Short Term Disability
  • Long term Disability
  • Employee Referral Program
  • Credit Union
  • Direct Deposit
  • Employee Activities & Events

Upon submitting your application, please ensure you complete a full application in addition to attaching a resume. Incomplete applications received will not be considered. 

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Confirmed a day ago. Posted 30+ days ago.

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