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Director of Finance and Corporate Controller

Newton, MA, USA | Sonesta

  • Industry:
    Hospitality, Travel, & Leisure
  • Position Type:
  • Functions:
    Accounting / Control
    Finance (Internal)
    General Management
  • Experience:
    5-7 years
Job Description:
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The ideal candidate has a strong technical accounting background with demonstrated proficiency in financial statement preparation, consolidation, and reporting. Having demonstrated progressive success at delivering results in multiple segments, scales and businesses, the ideal candidate should excel at developing high performance accounting and financial professionals through clear communication, motivation, productive coaching and precise accountability.)

Principle duties and responsibilities (Essential Functions) include


Directs timely and accurate financial accounting and reporting, effective internal accounting controls, and that the preparation and maintenance of the accounting books and records are prepared in accordance with generally accepted accounting principles and tax guidance.

Designs, implements, and monitors compliance with corporate policies and procedures, internal accounting controls are observed by all the corporate office management.

Coordinates and directs the preparation of annual financial audit for Sonesta and its affiliates with external auditors.

Ensures the corporate balance sheet accounts are properly reconciled and documented on a monthly basis.

Manages Accounts Receivable and Accounts Payable functions to maximize working capital and minimize bad debt.

Coordinates with tax consultants, accountants, and preparers to minimize tax liabilities and ensure timely filing of all corporate tax returns.

Maintains the financial accounting and reporting systems.

Manages banking relationships and purchasing card processes.  

Strategy and Planning: 

 Advises Sonesta CEO and CFO on emerging technical accounting issues and impact on Sonesta financial position.

Identifies technologies that improve process efficiency, profitability, or minimize risk.

Actively seeks out educational resources to identify opportunities to continuously improve Sonesta financial processes.

Annually directs the preparation of the Sonesta financial budget and supports and coordinates the financial planning and forecasting activities of the corporate departments.

Financial Management:

Ensures corporate department leaders have timely access to financial reporting and forecasting and monitors compliance with Company financial objectives and/or budgets.

Designs and implements efficient and effective budgeting and forecasting processes.

Monitors Corporate cash management and intercompany receivable/liability processes to ensure compliance with hotel management and cash pooling agreements.

Managing your Team

Attract, retain, and motivate the best talent

Ensure team members receive proper training applicable to their position and career aspirations and in accordance with company policy and/or local laws

Responsible for monitoring, measuring, and recognizing performance of team members who directly report to the role and indirect reports

Support, comply and promote company initiative, policies and guidelines.

Handle employee issues in a professional and timely manner

Leading with Passion

Responsible for ensuring success through the eyes of employees, guests, and owners

Utilizeand collaborate with resources across different departments and corporate office

Capable of influencing employees to perform to their highest standard and establishing a trusting environment to enrich the culture

Focus on the mission and well-being of the department, hotel, and company as a whole

Lead by example and operate with integrity and respect

Inspire your team to embrace and demonstrate our values and GUEST People Standards

Qualifications and Skills 

A candidate for this position must possess the following applicable knowledge, skills and abilities and be able to demonstrate and provide applicable examples to support his/her competency.

Demonstrated track record of competent and timely financial reporting in a complex ownership and regulatory environment.

Licensed Certified Public Accountant

5+ Years of financial reporting to the Securities and Exchange Commission, including preparation of 10-K and 10-Q reports.

5+ Years of coordinating with auditors in preparation of financial statement notes.

Minimum of a bachelor’s Degree in accounting or Finance.

Demonstrable expertise in analysis and action taking

Excellent oral and written communication

Excellent organization skills

Appropriate professional appearance and demeanor

Proficient in Microsoft Word, Excel and PowerPoint

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