DIRECTOR OF FINANCE, TASK FORCE

Company: The Crescent Hotels Group
Location: Fairfax
Posted on: March 4, 2025

Job Description:

DescriptionCrescent Hotels and Resorts is looking for an experienced and energetic Director of Finance, Task Force to supervise and direct the financial activities of various hotels, safeguard the assets, and prepare all financial reports in accordance with generally accepted accounting principles and Crescent Standards.This role is remote eligible within the United States with the requirement of access to an airport for required 100% travel.The Crescent portfolio is comprised of full-service premium branded hotels within the Marriott, Hilton, Hyatt and IHG brands.As the Director of Finance, you will be responsible for providing ethical and consistent leadership in the financial area of various hotels by supplying management with guidance, training, and support. The Director of Finance is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, compliance with all regulations, and safeguarding owners/investors assets.We are committed to providing you with:

• Excellent compensation package with a salary range of $100k - $120k
• Operational incentive plan eligibility
• An exceptional benefit plan for eligible associates & your family members
• 401K matching program for eligible associates
• Discounts with our Crescent managed properties in North America for you & your family membersWhat you will be doing:
  • Acts as the "Chief Business Officer" to the general manager and EC Team, responsible for evaluating the financial impact on business decisions.
  • Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
  • Effectively manage and communicate cash flow related issues, including preparation of cash-flow statements, management of receivables, cash balances, control mechanisms, and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure accurate recording in accordance with Crescent Hotels and Resorts established guidelines. Investigate and critique variances to budget or prior year and offer practical improvement strategies to management.
  • Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support, and monitoring the bid process.
  • Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, and operational taxes.
  • Coordinate the completion of all forecasts and budgets as required, with the full participation of EC Team and department managers.
  • Analyze financial data and operations to assist and advise management in maintaining the hotels' financial objectives.
  • Ensure that all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
  • Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, payroll, and employee records.
  • Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting and maintaining an inventory of qualified Associates.What we are looking for:
    • A minimum of 8 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.
    • Proficient in financial and accounting procedures.
    • Fluency in English language (reading, writing, and speaking) is essential.For applicants who will be working in various states, the anticipated compensation range for the position is $100-120k. The salary offered to a successful candidate will be dependent on several factors including years of experience, education, and work location.Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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Keywords: The Crescent Hotels Group, Washington DC , DIRECTOR OF FINANCE, TASK FORCE, Executive , Fairfax, DC