Finance Manager

Job Details
Job Location
Fidelity Hotel - Cleveland, OH
Position Type
Full Time
Salary Range
$70,000.00 - $70,000.00 Salary/year
Job Category
Accounting
Description
NEW WATERLOO is hiring for a FINANCE MANAGER
New Waterloo is seeking a talented and passionate Finance Manager for a 97 key lifestyle hotel in Cleveland, Ohio.
New Waterloo is a community-centric independent hospitality company based in Austin, Texas. We use our platform to intentionally empower and get behind the choices of our people and communities - creating environments that sustain lasting social impact. Our team of hospitality experts provide the resources, talent, passion, and collaboration necessary to foster thoughtful places and thriving businesses. Our brands include South Congress Hotel, Revival Hotel, El Capitan Hotel, La Condesa, Sway, Cafe No Se, Manana, Maie Day, Otoko, Watertrade, Il Brutto, Butler Pitch & Putt, Albert Hotel, Fidelity Hotel and Trick Hat Workway.
Fidelity Hotel is an adaptive reuse project located at 1940 E. 6th Street in the historic 103-year-old Baker Building. Fidelity Hotel will have 97 guest rooms & suites, each with tailored amenities, custom-designed furniture, and thoughtfully curated art. The property will feature a full-service restaurant, bar, event & meeting spaces, and a private dining room. Fidelity Hotel is an homage to Cleveland's long-standing ideals. Our unwavering dedication to the city's soul is expressed through the design, brand, art, amenities, and community programs - all carefully selected to be additive to and reflective of the innovation & creativity that makes Cleveland so special.
JOB OVERVIEW
The Finance Manager is responsible for overseeing the daily accounting of hotel operations. This role is instrumental in ensuring the accurate processing of financial transactions, optimizing cash flow, and maintaining positive relationships with guests and vendors. The Finance Manager is a key contributor to the financial stability of the hotel and will work with cross-functional teams to streamline processes, provide guidance and improve overall financial performance.
What you'll do:

• Oversee the daily cashiering operations, including the handling of cash, checks, credit cards, and other forms of payment
• Ensure the accuracy of all financial transactions, including guest payments, refunds, and reconciliations
• Manage the accounts receivable function, including the billing, invoicing, and collection processes
• Facilitate payments to vendors, which may include verification of federal ID numbers, reviewing invoices, and resolving discrepancies
• Collaborate with the sales and reservations teams to resolve billing discrepancies and disputes
• Prepare and analyze financial reports providing insights and recommendations to senior management
• Generate periodic reports on cash flow, revenue, and receivables performance, identifying trends and areas for improvement
• Perform the Income Audit daily using the Income Audit Checklist to maintain and ensure the accuracy of the Income/Flash Reports
• Conduct variance analysis to identify discrepancies between actual and expected financial results
• Execute month-end-close checklist and review preliminary financial statements with the Director of Finance
• Ensure compliance with internal financial policies, procedures, and controls
• Assist in the development and implementation of effective internal control measures to safeguard assets and prevent fraud
• Participate in internal and external audits, providing accurate and timely information as required
• Establish and maintain positive relationships with vendors, resolving payment-related issues and ensuring timely processing
• Collaborate with cross-functional teams, including finance, front desk, sales, food & beverage, and reservations, to streamline processes, provide guidance and improve financial performance
• Foster strong relationships with all New Waterloo stakeholders by providing feedback that positively impacts the performance of the business and sharpens the financial acumen of the team
• Attend relevant meetings as directed and conduct other ad hoc projects and duties as assigned

Who you are:

• You have a high degree of ownership and commitment to results.
• You're able to manage expectations and hit deadlines.
• You have a strong work ethic and can work both autonomously and with a team.
• You have excellent communication, problem-solving, and analytical skills.
• You're excellent with time management and can function effectively in a dynamic environment.
• A must: You have a degree in Accounting or Finance from an accredited four-year college or university.
• A must: You have 1+ years of hotel management experience
• A must: You have 3+ years of general ledger accounting experience.

BENEFITS
We are proud to offer competitive wages and the following benefits for full-time employees:

• Up to 3 weeks paid time off annually
• 50% off discount at most New Waterloo restaurants
• Health, vision dental benefits
• 401K matching
• Paid holidays
• Volunteer pay
• Tuition reimbursement
• Referral bonuses
• Discounts at our shops, hotels local partnerships

New Waterloo is an equal opportunity employer and values diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.