Area Director of Finance

The Area Director of Finance at Mayflower Inn & Spa will be responsible for driving financial performance at both Mayflower Inn & Spa and Vanderbilt Hotel, enhancing owner relationships, and implementing effective financial controls. Key responsibilities include delivering accurate financial reporting, maximizing cash flow, establishing adequate revenue and expense controls, and maintaining compliance with all legal and financial regulations.

To qualify for the Area Director of Finance position at Mayflower Inn & Spa, candidates should hold a Bachelor’s degree in Accounting, Finance, or a related discipline, along with prior experience as a hotel property finance leader. Candidates should also have a strong command of hotel financial reporting systems and an excellent understanding of the Uniform System of Accounts.

The Area Director of Finance plays a crucial role in the formulation and implementation of the hotel's Strategic Plan and Budget at Mayflower Inn & Spa. By providing financial insights and analysis, they help shape the strategic direction of the hotels, ensuring that financial objectives align with operational goals and guest expectations.

Essential skills for the Area Director of Finance role at Mayflower Inn & Spa include strong quantitative and qualitative analytical skills, proficiency in Microsoft Office Suite and accounting software, and the ability to present complex financial data clearly to senior management and owners. Additionally, strong communication and interpersonal skills are vital for building relationships with various stakeholders.

Financial controls are critical for the Area Director of Finance at Mayflower Inn & Spa as they ensure the protection of assets, minimize financial risks, and establish accountability across the organization. By implementing robust controls, the Area Director can provide accurate financial reporting and maintain the financial health of both hotels.

In answering this question, describe specific hotel financial reporting systems you’ve worked with, how you utilized these systems to enhance financial performance, and provide examples of how your insights led to improved financial decision-making.

Discuss potential strategies such as optimizing pricing structures, managing operating expenses, and ensuring timely billing and collections. Provide specific examples or experiences where you successfully implemented such strategies in prior roles.

Highlight your understanding of relevant financial regulations and share your approach to compliance, including regular audits, staff training, and the establishment of clear financial policies and procedures.

Explain your philosophy on relationship building and provide examples of how you’ve cultivated mutually beneficial partnerships with clients and financial partners in the past, emphasizing transparency and communication.

Describe your approach to investigating and resolving discrepancies in financial reporting, including the steps you take to ensure accuracy and maintain the integrity of financial data.

Talk about quantitative analysis techniques, software tools, or reporting methods you previously utilized to provide actionable insights based on financial data, stressing the importance of clear communication with management.

Share a specific situation detailing the challenges you faced, the steps you took to address those challenges, and the measurable results achieved in terms of improved revenue or reduced costs.

Discuss your views on the importance of team development, how you identify training needs, and specific initiatives you’ve led to support team members' career growth.

Provide insights into your time management strategies, prioritization techniques, and how you ensure that critical deadlines are met without compromising the quality of your work.

Mention resources such as industry publications, webinars, professional networks, or conferences that you engage with regularly to stay informed about best practices and emerging trends in hotel finance.