Director of Finance

Job Description

Job Description

ALBERT HOTEL is hiring for a DIRECTOR OF FINANCE

An urban oasis, tucked away off of Main Street in the heart of Fredericksburg, TX, Albert Hotel offers a peaceful yet sophisticated luxury experience in Texas's famed Hill Country. Opened in January 2025, the property features 105 thoughtfully appointed guest rooms and suites, along with uniquely designed bunk rooms and a private house with custom furnishings, locally-curated amenities, and thoughtful touches.

With the guest experience in mind, Albert's elevated amenities include a sunken limestone pool featuring an outdoor bar and cabanas, state-of-the-art fitness center, and a 2,000-square-foot full-service spa. Additionally, the property is home to four on-site culinary outlets, including The Wellhouse and Junebug's BBQ.

Albert boasts 3,600-square-foot of semi-open air event space, a 1,200-square-foot mezzanine deck, and an expansive event lawn, making it a prime destination for weddings, private events, and intimate gatherings.

What you'll do:

• Adhere to all standards of operations, policies and procedures, manuals, training material, memos, and verbal instruction
• Verify the accuracy and timeliness of accounting functions at assigned properties: daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, cash and corporate card management
• Lead and develop property accounting staff to meet the needs of the business
• Manage and oversee the month-end close process, balance sheet reconciliations, and other timelines in coordination with corporate and property accounting staff
• Develop and achieve financial goals: Create the annual operating plan aligned with the company's strategic direction
• Provide analytical tools and support to department heads to manage costs and lead budget preparation
• Lead the operations teams and department heads in creating accurate monthly forecasts that allow the team to react to changes in business levels
• Ensure monthly P&Ls reflect accurate revenues, expenses, and cost of sales calculations
• Analyze daily and monthly variances between actual, forecasted, and budgeted performance
• Advise GM and executive team on financial and operational issues
• Ensure the property maintains compliance with local regulations, permits, and business licenses
• Analyze financial data and sales trends to identify opportunities for improvement
• Lead the property in developing and maintaining a strong labor culture that maximizes productivity and performance
• Facilitate weekly and monthly P&L reviews to uncover challenges, opportunities, and trends
• Manage the capital expenditure budget and reconcile expenses monthly
• Ensure strong accounting and operational controls to safeguard assets and maximize profits
• Manage the accurate collection, posting, and reconciliation of occupancy taxes and sales taxes
• Provide continuous direction to and education of the operational team in all areas related to finance financial reports, internal controls, labor management, payroll, P&L performance, etc.
• Monitor Front Office and Sales team financial operations and SOPs including review of hotel ledgers
• 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

• Ensure open lines of communication with all departments and management via email, logbooks, meetings, etc. to ensure all needs of the property are met
• Attend relevant meetings and conduct other ad hoc projects and duties as assigned

Who you are:

• Have a Bachelor’s degree in Accounting or Finance from an accredited four-year college or university; or an equivalent combination of education and experience
• Have an-depth knowledge of financial principles and Microsoft Excel
• Have 5+ years of hotel financial management experience preferred
• Have 7+ years of general ledger accounting experience preferred
• Able to speak, read, write, and understand the primary language(s) of the workplace
• Able to write routine reports and correspondence and prepare accurate reports with sharp attention to detail
• Able to apply concepts of math including addition, subtraction, multiplication, and division
• Able to manage expectations, hit deadlines, and take ownership of your work
• Possess a strong work ethic and can work both autonomously and with a team
• Have excellent communication, problem-solving, and analytical skills
• Have the ability and willingness to work flexible hours in a high-volume environment

BENEFITS

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

• Up to 3 weeks of 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

ABOUT NEW WATERLOO

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 provides the resources, talent, passion, and collaboration necessary to foster thoughtful places and thriving businesses.

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.

We will be accepting applications on an ongoing basis until a candidate is selected for this role.