Waldorf Astoria New York · 6 hours ago
Assistant Director of Finance, Residences - Waldorf Astoria New York
New York, NY
Full-time
Onsite
Director/Executive
$140K/yr - $160K/yrWaldorf Astoria New York is seeking an Assistant Director of Finance, Residences to assist in the direction and administration of all financial operations of the hotel. The role involves ensuring accurate financial transactions, managing cash flow, and preparing financial reports to support the hotel's commitment to outstanding guest service and financial profitability.
Hospitality
Responsibilities
Review transaction of the property to ascertain that they are correct and posted properly to general ledger
Review cash balance to determine that property has enough funds to pay their liabilities and bank accounts would not be overdrawn. If necessary, prepare transfers to cover accounts
Approve payables based on cash flow and determine if they are correctly coded to general ledger account
Answer or find answers for financial questions from property manager or board members
Review and approve check requests
Check requests for capital improvement projects should be reviewed to make sure there is not a duplicate payment and that the attached engineer report indicates proper year-to-date payments and application number
Journal entries to allocate expenses related to Residential and monthly accruals
Master Association allocations
Prepare tenant HOA fees
Support Residential team on fee collection
Work with external Auditors on compliance
Prepare monthly forecast updates
Prepare monthly cash flow for Sponsor
Prepare deficit funding files
Monitor and approve purchase orders and appropriate general ledger accounts
Monitor Owner house accounts and prepare monthly invoices
Monthly balance sheet account reconciliations including bank, payables, receivables, and accruals
Prepare monthly reports including Operating P&L Statement, Balance Sheet, Cash Flow
Qualification
Required
Proven experience working in residences
Proven experience in a leadership role in finance or accounting
Ability to review transactions to ascertain correctness and proper posting to general ledger
Ability to review cash balance to determine sufficient funds for liabilities
Ability to approve payables based on cash flow and correct coding to general ledger account
Ability to answer financial questions from property manager or board members
Ability to review and approve check requests
Ability to check requests for capital improvement projects for duplicate payments
Ability to perform journal entries to allocate expenses related to Residential and monthly accruals
Ability to prepare tenant HOA fees
Ability to support Residential team on fee collection
Ability to work with external Auditors on compliance
Ability to prepare monthly forecast updates
Ability to prepare monthly cash flow for Sponsor
Ability to prepare deficit funding files
Ability to monitor and approve purchase orders and appropriate general ledger accounts
Ability to monitor Owner house accounts and prepare monthly invoices
Ability to perform monthly balance sheet account reconciliations including bank, payables, receivables, and accruals
Ability to prepare monthly reports including Operating P&L Statement, Balance Sheet, Cash Flow
Demonstration of hospitality, integrity, leadership, teamwork, ownership, and urgency
Demonstration of quality, productivity, dependability, customer focus, and adaptability
Benefits
Access to pay when you need it through DailyPay
Medical Insurance Coverage – for you and your family
Mental health resources including Employee Assistance Program
Best-in-Class Paid Time Off (PTO)
Go Hilton travel program: 100 nights of discounted travel
Parental leave to support new parents
Debt-Free Education: Team Members will have access to a wide variety of educational credentials through our partnership with Guild Education, including: college degrees and professional certifications
401K plan and company match to help save for your retirement
Hilton Shares: Our employee stock purchase program (ESPP) - you can purchase Hilton shares at a 15 percent discount
Career growth and development
Team Member Resource Groups
Recognition and rewards programs
Available benefits may vary depending upon property-specific terms and conditions of employment.
Company
Waldorf Astoria New York
For nearly a century, Waldorf Astoria New York has been a fixture of New York City society, earning its place as a beacon of radiance in the cultural capital of the world.
501-1000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase