Director of Finance And Accounting

Company Description

Pinnacle Hotel Management specializes in hotel management, aiming to maximize returns on investments while maintaining a cost-efficient approach. We handle all aspects of hotel operations, including the preparation of comprehensive monthly financial statements. Our goal is to deliver exceptional management services tailored to the needs of our clients.

Role Description

This is a full-time, on-site role for a Corporate Director of Finance and Accounting, located in Royal Palm Beach, FL. The Director of Finance and Accounting will oversee financial planning, prepare and analyze financial statements, manage financial reporting, and support the organization with expert-level finance and analytical capabilities. The role also includes ensuring compliance with company policies and financial regulations while contributing to strategic decision-making processes.

Qualifications

• Strong expertise in Financial Planning and Finance
• Experience in preparing and managing Financial Statements and Financial Reporting
• Excellent Analytical Skills to interpret and assess financial data
• Proficiency in financial software and tools
• High attention to detail and strong organizational skills
• Bachelor's degree in Finance, Accounting, or a related field (advanced degrees or certifications like CPA/CFA are a plus)
• Experience in the hospitality industry is a must have

Responsibilities

· Assist any Staff Accountant or on property Director of Finance with month end close

· Coordinate year end information flow to the CPA for all entities

· Report Revenue to Marriott by the 3rd each month for Full Service hotels that do not have a DoF.

· Review all Full Service Sales Bonus payouts, ensure we have the backup on file, that it matches the payouts and approve

· Review AP Open item reports weekly for invoices to be paid based on cash forecasts

· If needed: Cash Forecasts for Select Service Hotels

· Review weekly Cash Forecast for The Celeste Hotel

· Review financial statements (trend reports are provided by accountants - make notes/questions and return to accountant to research) - be sure that stats match to Stats Spreadsheet which should be updated at the beginning of every month

· Run forecast reports for GM's as needed out of Targetvue

· Manage users in ExactHire

· Manage users in PVNG

· Set up and manage users in most bank accounts

· Approve any wires and transfers needed

· Review A&Ls for all properties

· Review the Guest Ledger and City Ledger for all properties monthly for any abnormalities

· Quarterly bonus review - create quarterly file and verify data to quarterly P&Ls and STR reports.

· Oversee budgeting process

· Organize all files received (Rate & Occupancy)

· Update Fixed Expenses and PTEB for all properties that do not have their own Controller/DOF

· Run budget reports

· Assist GMs with budgeting in Targetvue

· Prepare budget reports and spreadsheets for budget meetings

· Run final budget reports in Excel and PDF and distribute to RDs and GMs

· ANNUAL TASKS

· Yearly insurance audit

· Marriott annual audit - run all P&Ls and other income detail and upload to Marriott portal

· Track all year-end info sent to various CPA firms.

· Trace all Real & Tangible Personal Property payments are done in a timely manner

Daily

· Audit all expense reports & approve

· Review and approve any Capital Expenditures Weekly

· Review and Post Marriott weekly franchise invoices, make corrections as needed Monthly

· Track all capital expenditures

· Submit lenders draws for Capital reimbursement for each location

· Track all PIP and Renovation expenditures

· At the end of each month, run the KRONOS reports for Staff Accountants so they can complete the Payroll Accrual

· Ensure Sales/Use/Occupancy tax calculations are correct and submitted to the jurisdiction on time

· Monthly ACA Reporting for CoAd, review and update,

· Reconcile ALL bank accounts from sold hotels