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Director Of Finance

Company: Mar Monte Hotel - In the Unbound Collection by Hya
Location: Santa Barbara
Posted on: August 4, 2022

Job Description:


At Mar Monte Hotel - UnBound Collection by Hyatt it is our mission to provide a creative approach to hospitality, creating unforgettable experiences fueled by culture for our guests and community - our guests will always leave feeling inspired.

The "Cal-Med" concept marries access to the world-class product here in California with inspiration from coastal Italian cuisine. Lighter, cleaner, fare with no shortage of flavor or substance, are the perfect embodiment of the SoCal lifestyle.

We bring the Santa Barbara experience to life by embracing and empowering our diverse team, partners, and guests both visiting and locals alike. The Associate experience is the heartbeat of the Mar Monte experience and embodies our true brand promise.

Boundless Curiosity : Life is richer with moments we don't expect. Our team is equally as curious about guests, and provide thoughtful, individualized service.
Place of Belonging : The warm Southern California hospitality leaves guests feeling pampered and celebrated.

Effortless Flow: Similar to the nature around you, each space is designed for the senses and our service will bring that to life.

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.

Executive Committee Responsibilities

- Ability to perform special financial analysis as needed and /or requested by General Manager and Corporate Office.
- Practical solutions from a cost vs. benefits viewpoint. Provide accurate policy interpretations.
- Actively participate in Executive Committee and staff meetings.
- Assist other managers in analyzing statements, distributions, and other financial data.
- Support and comply with property standards and Corporate SOP's.
Financial and Accounting Practices, Procedures, and Policies

- Skill in correcting deficiencies identified on Internal Audit report.
- Effective use of the Controller's Checklist.
- Maintain effective cash control system with audits and reports for each period.
- Review security over assets and auditing inventories.
- Understanding of all pertinent leases, contracts, agreements, covenants, and restrictions.
- Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor.
Budget Preparation

- Schedule and coordinate the preparation and presentation of the annual operating budget.
- Coordinate all aspects of the capital expenditures budget according to SOP.
Capital Expenditure Control

- Control the Capital Expenditure program and complete ROI Analysis.
Financial Objectives

- Complete entries required for preparation of the financial statements. Review statements for inaccurate data and make corrections within the following period.
- Inform the General Manager and HEI Corporate management of current and potential financial problems.
- Keep management informed of sales and profit attainment throughout the period.
- Coordinate the property's labor management system.
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.
Responses to Corporate Staff

- Complete financial required reports and requests from HEI Corporate offices. Establish other reports or documents, outside of SOP's 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.
- Comply with company procedures on deferring payments.
Management of Department

- Maintain and update job descriptions and standards for department.
- Ability to comply with corporate and local policies for wages paid (increases and timing).
- Establish an effective cross training program within the department.
- Identify, screen and attract management candidates from outside the company.
- Comply with attendance rules and be available to work on a regular basis.
- Perform any other job duties as assigned.
About Us

Mar Monte Hotel is your gateway to the American Riviera. Just minutes from Santa Barbara's downtown, the hotel is located on Cabrillo Boulevard, across from East Beach and the Pacific Ocean. Across the road from East Beach along the Pacific Ocean, this polished hotel with a 1930s Spanish Colonial vibe is 1 mile from Stearns Wharf and 3 miles from the Santa Barbara Museum of Art.Our employees enjoy hotel and F&B discounts throughout the world of Hyatt and HEI, various Bonus/Incentive and Recognition Programs, plus - working alongside beautiful, ocean front views. Apply today to join our team!We value U.S. military experience and invite all qualified military candidates to apply.

Keywords: Mar Monte Hotel - In the Unbound Collection by Hya, Santa Barbara , Director Of Finance, Accounting, Auditing , Santa Barbara, California

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