Steeped in tradition and infused with timeless Texas charm, The Menger Hotel seamlessly blends historic grandeur with modern comfort. Its beautifully preserved architecture and elegant interiors echo over 160 years of storied heritage. Located just steps from the Alamo, this Historic Hotels of America landmark stands as a true Texas icon.
The Director of Finance is responsible for overseeing the financial operations across multiple properties (The Menger Hotel & Crockett) within the assigned region. This role involves overseeing the entire operation of the finance team, including accounts payable, accounts receivable, month end process, cash flow, forecasting, budgeting, and financial reporting to ensure alignment with the company’s business strategy.
Requested Tasks
- Manage and oversee the financial activities of the assigned properties, ensuring accuracy and compliance with company standards
- Develop and produce accurate forecasts to enable property operations to adapt to business changes effectively
- Implement and maintain a robust cash control system, including periodic audits and detailed financial reporting
- Provide exceptional leadership by assigning clear responsibilities and accountability to team members and department managers
- Foster a collaborative environment that encourages open communication and teamwork across all departments
- Lead the preparation of annual operational budgets in collaboration with property leaders, ensuring alignment with company objectives
- Review and analyze budget variances, providing insights and recommendations to optimize financial performance
- Oversee the reconciliation of balance sheets, ensuring that all account balances are supported by appropriate documentation
- Ensure the accuracy of the Profit & Loss (P&L) statements by verifying that costs are properly matched to revenue and recorded in the correct accounts
- Maintain a thorough understanding of city, county, and state sales tax laws, as well as laws related to property matters
- Ensure all financial operations comply with local, state, and federal regulations
- Review and assess asset and inventory needs as required, ensuring proper documentation and alignment with financial goals
- Assist in the creation and execution of business plans that align with the company’s strategy, focusing on the successful execution of financial and accounting activities
- Attend and actively participate in leadership meetings, contributing financial insights and strategic recommendations
Requested Capabilities
- Prior experience as a Director of Finance in hotels/hospitality is required
- Prior experience working with a luxury hotel property finance team; knowledge of hotel financial statements and reconciliations is required
- Prior experience in private clubs, high-end retail, luxury spas, or residential environments is highly preferred.
- Experience with Hotel opening and pre-opening budgets
- Experience with budgeting, forecasting, profit and loss reporting, and balancing ledgers for operation and balance sheet accounts
- Proven management and leadership abilities
- Must be able to sit for prolonged periods of time
- This role will require travel; the team member must be able to travel independently via airplanes, cars, car services, and hotels
- Proficient in Microsoft Office, including Outlook, Word, Excel, PowerPoint, and Teams
As part of the Makeready collection, we proudly offer a variety of thoughtful benefits and perks for eligible team members, including accommodating PTO/PTO exchange, medical/dental/vision benefits, maternity/paternity leave, pet insurance, company-matched dependent care & 401k, student loan repayment program, and a wide range of additional ancillary benefits. The health, happiness, and well-being of our team is our top priority.
We take pride in our Guiding Principles to help define how we successfully work together. We follow them not out of duty but live by them instinctively.
Makeready LLC and its affiliated entities are proud to encourage and support an environment where everyone can be a successful team member as their true independent self. We are an equal opportunity workplace and employer that does not discriminate based on race, color, disability, gender/sex, sexual orientation, religion, national origin, age, veteran status, or any other protected status. We are committed to building a team and a workplace where we are all able to be successful based solely on our individual qualifications, experience, abilities, and job performance.
Skills Required
- Prior experience as a Director of Finance in hotels/hospitality
- Knowledge of hotel financial statements and reconciliations
- Experience with budgeting, forecasting, and profit and loss reporting
- Proficient in Microsoft Office applications
- Experience with hotel opening and pre-opening budgets
- Prior experience in luxury hospitality, private clubs, or retail environments
What We Do
Makeready is a place maker, a company specializing in branding, design, & operations of hotels, restaurants, retail, & other experiential platforms. At its core, hospitality is about sharing. It is the act of opening one’s doors, asking others to come in, and showing them kindness and respect. We believe that our preparation gives us the opportunity to make a difference in a guest’s stay. Through careful preparation we lay the groundwork for a guest’s experience, and in dedication to thoughtful execution we strive to bring it home. We are committed to creating unique experiences where all feel welcome, cared for, and ultimately valued. Because in this we have the greatest opportunity to have a positive impact on the world around us—starting with the person in front of us.
