Director of Finance

Director of Finance

Complex Director of Finance

Years’ Experience

7+ years

Norman’s Cay, The Bahamas

Normans Cay Resort is a premier luxury private community within the Exumas, Bahamas; situated in picturesque Normans Cay. Located 1 hour from Opalocka Airport, Normans Cay is constantly evolving and continues to offer the best experiences within our stunning 2,200-acre property.

We are launching Norman’s following our celebrated collaboration at The Surf Club and we have commissioned Joseph Dirand to design the island’s residences. These are a series of villas at the northern sweep of the island, known as The Whale Tail, and a small group of dwellings along the coast near the Marina. Each is carefully positioned to allow for privacy and immersion in the virgin beauty of the wild. They are the founding stone of our project along with the many amenities, marina and all of the infrastructure the goes into creating a “small city” in such a remote place.

Appreciation and preservation of the extraordinary natural setting is paramount in every decision that is made here, and it’s a sensitivity that is felt across the island experience. Sustainability must be a priority at all times. The clubhouse, restaurants, Cabanas, and all front of house operations require a relaxed precision and quiet sophistication as their modus operandi.

Bringing life to Norman’s Cay requires a shared vision and an ideological approach to achieve a common goal. It is a philosophy underpinned by a celebration of the island’s natural charms combined with a respectful commitment to their preservation. The opportunity is to build a community which embraces these ideals and provide the warmest hospitality that can only be found in the Bahamas. This position will be very demanding, but I believe incredibly rewarding.

SUMMARY:

We are seeking a polished, professional, knowledgeable, and energetic Director of Finance who is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all local regulations and Fort Hospitality Bahamas ‘s Standard Operating Procedures; and safeguarding owners/investors assets. The ideal candidate must have knowledge of Condo/Homeowner Association management as well as rental management in condo-hotel environments.

ESSENTIAL JOB RESPONSIBILITIES

• Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Fort Hospitality Bahamas established guidelines. Monitors and controls Island’s cash flow and operating forecast.
• Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.
• Ensure the resort’s compliance with all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
• Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
• Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
• Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, resort assets, master keys, payroll, and employee records.
• Successful completion of all internal and external financial audits, including coordination of work with corporate office and CPA firms and delivering information requested by auditors on a timely basis.
• Hire, train, supervise and develop staff, including coaching, counseling, and discipline.
• Maintain compliance with Fort Hospitality’s standards and regulations to ensure safe and efficient operation of the hotel.
• Directs or prepares all financial reports in accordance with Fort Hospitality’s requirements, meeting various due dates and deadlines.
• Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
• Monthly: Financial Statements, Forecasting Key Statistics Report, Cash Flow
• Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
• Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
• Monitor resort’s compliance in meeting required report deadlines and due dates and react accordingly.
• Monitor the accurate production of the hotel daily operating report.
• Executes other special projects and responsibilities as assigned.

QUALIFICATIONS

• At least 7 or more years of managerial and Hospitality Finance/Accounting experience.
• Prior Control or Director of Finance experience, preferably at a premium-branded Hotel.
• Excellent verbal and written communication skills.
• Bachelor’s degree required, preferably in Finance or Accounting.
• CPA or equivalent professional designation.
• Must supervise 2 or more employees.
• Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.
• Must be able to multitask and prioritize departmental functions to meet deadlines.
• Attending all hotel required meetings and training.
• Participate in M.O.D. coverage as required.
• Maintain regular attendance in compliance with Fort Hospitality Bahamas Standards, as required by scheduling, which will vary according to the needs of the hotel.
• Maximize efforts towards productivity, identify problem areas and assist in implementing solutions.
• Must be able to understand and evaluate complex information, data, etc. from various sources to meet appropriate objectives.
• Perform other duties as requested by management.

Additional Skills and Attributes:

• Maintain a warm and friendly demeanor at all times.
• Long hours sometimes required.
• Approach all encounters with guests and employees in an attentive, friendly, courteous, and service-oriented manner.
• Maintain high standards of personal appearance and grooming, which include wearing nametags.
• Must be able to maintain confidentiality of information.
• Must be effective in handling problems, including anticipating, preventing, identifying, and solving problems as necessary.
• Must be able to effectively communicate both verbally and written, with all levels of employees and guests in an attentive, friendly, courteous, and service oriented manner.
• Must be effective at listening to, understanding, and clarifying concerns raised by employees and guests.
• Must be able to maintain confidentiality of information.

Exciting opportunity available! Send your resume and cover letter to be considered. Indicate the “Director of Finance” in the subject line.

Join our team and take the next step in your career. We can't wait to hear from you! Only shortlisted candidates will be contacted.