Director of Finance

We’re Sonesta International Hotels. The 8th largest hotel company in the U.S.—and growing fast. An epic blend of full-service and focused hotels in major cities, Sonesta’s uniquely diverse portfolio of owned, managed, and franchised properties makes us everywhere you want to be. Driven by the human side of hospitality, we deliver service with passion, loyalty with purpose, and experiences that truly connect.

Together We Thrive—bringing quality, value, and amazing hospitality to every guest, every stay, across 1000+ properties in eight countries and counting.

As the hotel’s strategic financial business leader, the Director of Finance is responsible for creating and executing business plans that are aligned with the property’s and brand’s business strategy. Functions include planning, organizing, directing and controlling the financial operations while ensuring the security of hotel assets, maximizing the return on investment, providing timely and accurate reporting and analysis of results and integrity of the management information systems in a decentralized accounting environment.

The Director of Finance reports directly to the General Manager. As a member of the hotel’s Executive Committee, the Director of Finance is a highly visible role with exposure to Senior Corporate leaders and Asset Managers of owning entities.

• Ensure compliance with Company policies, plus local and standard operating procedures.
• Recruit and manage qualified hotel Accounting staff, communicate goals, recommend and/or initiate salary, disciplinary, or other staffing-related actions in accordance with company rules and policies, and applicable federal, state and local laws.
• Identify and promote high-potential staff members through a customized Personal Development Program, cross-training and task force opportunities.
• Lead in the completion, review and presentation of monthly forecasts, annual operating and capital budgets and business plans prepared by hotel management team to provide stakeholders with reasonable and achievable guidelines of performance aligned with the Company’s and brand’s strategic direction.
• Prepare accurate, timely and complete monthly financial statements with detailed work papers and schedules in accordance with the Company’s policies and procedures, applicable hotel management agreements, Generally Accepted Accounting Principles (GAAP) and the Uniform System of Accounts for the Lodging Industry (USALI).
• Develop and implement local accounting and financial control procedures and systems to ensure Sarbanes-Oxley (Sox) 404 key controls compliance, safeguard assets, improve operations and profitability.
• Develop a strong business relationship with owners by understanding the priorities and strategic focus, attending and participating in meetings, addressing owner requests and initiatives, and demonstrating a comprehensive understanding of the terms and provisions of hotel management agreements.
• Responsible for risk management to preserve hotel property and reduce potential liability claims.
• Ensure hotel complies with all federal, state and local laws and fiscal regulations, including license and permit requirements.

• Manage and control receivables, payables, credit, payroll, cash handling and treasury functions.
• Develop, implement and monitor hotel-specific A/R Responsibility Matrix and credit and collection practices in compliance with Company-level policies and procedures.
• Complete all formal performance appraisals and provide staff with coaching, timely constructive feedback, and utilize both counseling and progressive discipline when needed to recognize and enhance staff performance.
• Provide analytical support to identify cost saving and productivity opportunities for the property’s managers.
• Distribute outlook and forecast information as an up-to-date management tool for operating departments, review and analyze variance versus actual results to measure and improve accuracy.
• Provide leadership by clearly communicating financial concepts when rolling out initiatives and projects. Measure and report on actual versus anticipated…