Director of Finance

The Algonquin Resort
St. Andrews, NB E5B1T7, CAN

Description

THE OPPORTUNITY:

DIRECTOR OF FINANCE

REPORTS TO GENERAL MANAGER

THE COMPANY:

Passion Drives Performance. InnVest succeeds because our people love what we do. Our entire team shares a deep-rooted passion for the world of hospitality & travel that extends far beyond the walls of our offices and locations.

Our company culture is built on collaboration. A nimble team where everyone has a voice at the table and an opportunity to pursue their passions. Our skillsets are as diverse as our portfolio, but we all have a singular focus: a belief that partnerships deliver the best results, an entrepreneurial approach to decision making, respect for others, a strong sense of integrity and a curiosity to challenge the status quo.

With over 75 hotels in our portfolio, representing 18 internationally recognized hotel brands, InnVest is the largest independent owner of hotels in Canada. In addition, our management team oversees the day-to-day activities of almost 70 hotels also making InnVest the largest independent operator of hotels in Canada. InnVest’s portfolio is geographically diverse with hotels from Vancouver, BC to Corner Brook, NL but also experientially diverse from roadside inns to luxury urban properties.

At InnVest, our mission is simple – to deliver outstanding guest experiences and superior returns on quality hospitality investment. A career at InnVest will provide you with unrivalled opportunities and invaluable exposure to Canada’s largest independently-owned and operated hotel portfolio.

THE HOTEL:

The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection

Exactly Like Nothing Else

For over a century, The Algonquin Resort St. Andrews by-the-Sea, Autograph Collection has welcomed travelers to an exquisite stay in New Brunswick. Located in historic St. Andrews, voted as Canada's top destination by USA Today, the resort is unique in its offerings: an idyllic seaside town with locally authentic dining & shops, the region's warmest swimming at Katy's Cove beach and award-winning whale watching, all at our doorstep. Featuring 233 luxury Guestrooms, five dining outlets, an award-winning 18-hole golf course, full conference center and spa, The Algonquin is the centerpiece of Maritime hospitality.

Under the stewardship of InnVest, Canada's largest owner & operator of hotels, significant investments are currently underway including a thoughtful reimagining of all Guestrooms, restaurants & public spaces as well as the construction of a new Nordic Spa, supporting our year-round offerings. Since 1889, The Algonquin has led the way for Canadian resort innovation - join us as we embark on our second century of authentic Maritimes hospitality.

Be where you can do your best work, Begin your purpose, Belong to an amazing global team, and Become the best version of you.

THE ROLE:

The Director of Finance is a key member of the property’s Executive Committee and will play a crucial part in driving financial performance and operational excellence.This position is responsible for managing and all accounting functions and controls ensuring they are accurate, timely and comply with all related policies and procedures.

ACTIVITIES:

The duties and responsibilities for the Director of Finance include, but are not limited to the following:

• Analyze and advise on revenue and expenditure trends, financial commitments, and future performance. Recommend efficient use of resources and provide strategic financial guidance to support operational decision-making
• Establish and maintain a system of internal controls and accounting which provides the most effective control over Hotels’ assets, liabilities, revenues and expenditures in accordance with established procedures;
• Ensure that Brand procedures and programs are adhered to and monthly Brand reporting completed.
• Provide financial leadership on capital expenditures, ensuring alignment with critical path timelines, budget projections, and ROI expectations. Conduct post-completion audits where applicable.
• Hire, train, and guide Finance team members (including shipping & receiving and IT) through performance management, coaching, and development.
• Lead the Accounting, Purchasing, Receiving, and IT departments, ensuring compliance with all standards and procedures. Oversee the preparation and timely submission of financial statements, forecasts, and budgets. Ensure the timely reconciliation of balance sheet accounts
• Ensure compliance with Innvest policies, and internal controls. Lead preparations for internal/external audits and implement agreed-upon recommendations. Maintain financial record retention policies and procedures
• Ensure all hotel permits, licenses, contracts, and insurance policies are up to date and compliant with local and federal laws. Liaise with Corporate Legal to protect the interests of Innvest hotels and ownership
• Support department heads in interpreting financial data, maximizing profitability, and strengthening internal controls. Serve as a strategic partner to non-financial leaders on business planning
• Chair a bi-weekly Credit Meeting and liaise with Credit Manager to manage credit-facility related risk
• Primary accountability for ensuring the property exceeds the requirements of the Financial handbook & audit.
• Actively contribute as a member of the Executive Committee. Participate in Department Head and Revenue Management meetings, and in the development of annual budgets, sales strategies, and business plan
• Monitor city ledger and guest ledger transactions, and to collect all receivables on a timely basis;
• Perform other duties as assigned by the General Manager

COMPETENCIES WE ARE SEEKING:

• Minimum 8–10 years of progressive financial leadership experience in hospitality or luxury service environments, with at least 5 years of leading a team.
• Strong knowledge of financial regulations
• Proven experience managing accounting systems, financial analysis tools
• Strong interpersonal and problem solving skills
• Ability to multitask in a fast-paced environment and maintain a high-level attention to detail. Self-motivated and able to manage people and processes.
• Must have strong customer support orientation (for internal/external customers), demonstrate professional demeanor, and the ability to maintain confidential information.
• Impeccable integrity and ethics. Trustworthy and discrete. Strong communication skills, both verbal and written.
• Above average proficiency/familiarity with computerized systems, as well as budgetary analysis capabilities required.
• Working knowledge of accounting principles, including budgeting and forecasting. Strong knowledge in Account Reconciliation, Accounts Payable, Accounts Receivable, Payroll Processes, etc.
• Exceptionally well-organized, able to adapt quickly to competing and changing priorities while closely monitoring critical dates and departmental obligations. Must have strong skills in planning, demonstrated ability to work independently and exercise sound judgment and problem solving.

InnVest Hotels is an inclusive employer. As part of InnVest’s commitment to accessibility, we will ensure equality by providing a selection process and work environment that is inclusive and barrier free. Accommodation will be provided in accordance with the Ontario Human Rights Code. Any special accommodation needs required in order to allow applicants to participate in the recruitment process to their full potential can be arranged in advance by contacting InnVest to arrange practical and appropriate accommodation. We appreciate all applications, however, only those applicants selected for an interview will be contacted

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