Assistant Director of Finance, Residences - Waldorf Astoria New York
After undergoing a transformative restoration, Waldorf Astoria New York is set to reignite its magnetic allure. Waldorf Astoria New York is seeking an Assistant Director of Finance, Residences to unveil a new era of luxury which embodies the spirit of New York City.
With a fresh, modern expression of its rich, authentic legacy, Waldorf Astoria New York provides guests the exceptional environment and the personalized attention of True Waldorf Service that creates unforgettable experiences for discerning travelers with 375 rooms, 40,000 square feet of event space, holistic spa and wellness programming, and a celebrity chef partnership. In landmark destinations around the world, Waldorf Astoria Hotels & Resorts reflect the culture and history of their extraordinary locations.
At Waldorf Astoria, we create unforgettable experiences for our guests, meaningful opportunities for our Team Members, and a positive impact in our community.
In this role, you will report to the Director of Residences and work closely with the Director of Residences.
The ideal candidate will have proven experience working in residences and have proven experience in a leadership role in finance or accounting.
Want to learn more? Hotel Website, Instagram, Facebook, YouTube
What will I be doing?
As the Assistant Director of Finance, Residences, you would be responsible for assisting in the direction and administration of all financial operations of the hotel in the hotel's continuing effort to deliver outstanding guest service and financial profitability. Specifically, you would be responsible for performing the following tasks to the highest standards:
- 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
What are we looking for?
Since being founded in 1919, Hilton has been a leader in the hospitality industry. Today, Hilton remains a beacon of innovation, quality, and success. This continued leadership is the result of our Team Members staying true to our Vision, Mission, and Values. Specifically, we look for demonstration of these Values:
- Hospitality - We're passionate about delivering exceptional guest experiences.
- Integrity - We do the right thing, all the time.
- Leadership - We're leaders in our industry and in our communities.
- Teamwork - We're team players in everything we do.
- Ownership - We're the owners of our actions and decisions.
- Now - We operate with a sense of urgency and discipline
In addition, we look for the demonstration of the following key attributes:
- Quality
- Productivity
- Dependability
- Customer Focus
- Adaptability
What will it be like to work for Hilton?
Hilton is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For nearly a century, Hilton has offered business and leisure travelers the finest in accommodations, service, amenities and value. Hilton is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Our vision “to fill the earth with the light and warmth of hospitality” unites us as a team to create remarkable hospitality experiences around the world every day. And, our amazing Team Members are at the heart of it all!
What are the benefits of working with Hilton?
Hilton is proud to support the mental and physical wellbeing of all Team Members so they can Thrive personally and professionally in a diverse and inclusive environment, thanks to innovative programs and benefits such as:
- 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.
Pay Rate: The annual salary range for this role is $140,000-$160,000 and is based on applicable and specialized experience and location.
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