Director of Finance And Accounting

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Overview:

The description below is a summary of primary responsibilities and qualifications. The job description is not intended to include all duties or qualifications that may be required now or in the future.

Key Responsibilities:

• Financial Management, Reporting and Analysis:

• Monitor financial performance, identify areas of concern or improvement, and recommend corrective actions to ensure the financial stability and growth of the association
• Prepare and review monthly, quarterly, and annual financial reports related to AP, AR, and overall financial performance.
• Provide meaningful financial analysis and insights to senior management to support decision-making and strategic planning.
• Develop and manage the annual budgeting process, P&L, ensuring alignment with strategic objectives and financial targets.
• Provide financial analysis and support to the management team, including financial modeling, profitability analysis, and scenario planning
• Provide guidance and support to properties in monitoring and controlling their budgets, offering insights and recommendations for cost optimization and revenue enhancement
• Manage cash flow, including monitoring and forecasting cash needs, optimizing investment strategies, and overseeing accounts payable and accounts receivable processes
• Prepare regular financial forecasts (30-60-90 report) and projections, monitoring actual performance against budgeted expectations and identifying variances for further analysis

• Accounts Payable Management:

• Develop and implement AP policies, procedures, and controls to ensure timely and accurate processing of vendor invoices and payments.
• Optimize cash flow management by coordinating payment schedules and negotiating favorable terms with vendors.
• Monitor AP aging and resolve issues related to discrepancies or overdue payments promptly.

• Accounts Receivable Management:

• Oversee AR processes to ensure timely and accurate invoicing, collection, and reconciliation of receivables.
• Implement strategies to minimize delinquencies and manage credit risk effectively.
• Analyze AR aging and work closely with operations teams to resolve outstanding issues and improve collection efficiency.

• Team Leadership and Development:

• Recruit, train, and develop a high-performing team of Finance
• Foster a culture of excellence, collaboration, and accountability within the department.
• Provide ongoing coaching and performance feedback to drive individual and team success.

Qualifications:

• CA or CPA or equivalent professional degree in Finance, Accounting, Business Administration, or related field (Master’s degree preferred).
• Proven experience (12+ years) in senior finance roles with a significant focus on Budgeting, P&Ls, AP and AR management within the hospitality industry
• In-depth knowledge of accounting principles, financial regulations, and best practices.
• Strong analytical, problem-solving, and critical thinking skills
• Strong understanding of financial operations, including financial reporting, and compliance
• Excellent analytical, problem-solving, and decision-making abilities