Financial Manager - The Waldorf Astoria New York at Hilton Global in New York, New York

Job Description:

After undergoing a transformative restoration, Waldorf Astoria New York is set to reignite its magnetic allure. Waldorf Astoria New York is seeking a Financial Manager 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, 375 Private Residences, 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.

What will I be doing?

We are seeking a Financial Manager to oversee the financial integrity of our hotel, ensuring precision in auditing, compliance, and financial reporting. This role is crucial in maintaining the seamless operation of our financial processes, from reconciling accounts to managing service charges and tax audits. The ideal candidate has experience in luxury hospitality finance, possesses a keen eye for detail, and is adept at analyzing financial data to support strategic decision-making. With a commitment to excellence and discretion, this individual will collaborate closely with leadership to ensure financial accuracy, optimize cost efficiencies, and uphold the highest standards of fiscal responsibility.

Specifically, you will be responsible for:

• Overseeing the reconciliation and distribution of gratuities and service charges, ensuring compliance with hotel policies and industry best practices.
• Monitoring and reviewing daily bank transactions, including wires, advance deposits, guest refunds, and chargebacks, to ensure accuracy and timely processing.
• Conducting in-depth account reconciliations, proactively identifying and resolving discrepancies to maintain financial integrity.
• Supporting the preparation and posting of journal entries while ensuring the accuracy and completeness of the general ledger.
• Managing corporate tax audits and ensuring strict adherence to local, state, and federal tax regulations.
• Collaborating with external auditors and tax consultants to facilitate seamless financial audits and regulatory compliance.
• Preparing and analyzing financial reports, including month-end closings, forecasts, and variance analyses, to provide strategic insights for leadership.
• Assisting in the development of annual budgets and long-term financial forecasts to support business objectives.
• Identifying financial trends and recommending cost-saving initiatives to enhance profitability and operational efficiency.
• Partnering with department heads to align financial strategies with operational goals, ensuring fiscal responsibility across all functions.
• Ensuring the seamless integration of financial data into timekeeping and payroll systems for accurate reporting and compliance.

The rate of pay for this role is $100,000 - $120,000 and is based on applicable and specialized experience.

What are we looking for?
We are looking for a highly skilled and detail-orientedFinancial Manager with a strong background in hospitality finance to join our team. The ideal candidate has a deep understanding of financial analysis, accounting principles, and the unique complexities of luxury hotel operations. This individual should possess strong analytical skills, the ability to interpret financial data with precision, and the expertise to develop strategic insights that drive profitability. A proactive problem-solver, this person must excel in a fast-paced environment, balancing multiple priorities while maintaining exceptional attention to detail. Strong communication and collaboration skills are essential, as this role works closely with various departments to ensure financial integrity and operational excellence.

• Specifically, we are looking for a candidate preferably with a minimum of two years of experience in hotel finance
• A bachelor's degree in Finance, Accounting, or a related field is an asset
• Proven financial and analytical expertise, including the ability to create complex financial models and clearly communicate findings, is required.
• Advanced proficiency in Microsoft Office Suite, particularly Excel and PowerPoint, is essential.
• The ability to work efficiently in a fast-paced, dynamic environment while maintaining accuracy and attention to detail is a must.
• Excellent communication skills and a collaborative, team-oriented mindset are also required, along with flexibility to work nights, weekends, and holidays as needed.
• Advanced knowledge of finance, accounting, and the hospitality industry is preferred, with experience in managing teams and solving complex financial challenges highly desirable.
• Strong problem-solving skills with the ability to analyze data, interpret findings, and make logical decisions within established policies and procedures are also necessary.

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!

The Benefits - Hilton is proud to have an award-winning workplace culture ranking #1 World's Best Workplace by Great Place To Work & Fortune We support the mental and physical wellbeing of all Team Members so they can Thrivepersonally and professionallyin a diverse and inclusive environment, thanks to innovative programs and benefits. Hilton offers its eligible team members a comprehensive benefits package including:

• Access to your pay when you need it through DailyPay
• Medical Insurance Coverage - for you and your family
• Mental Health Resources
• Best-in-Class Paid Time Off (PTO)
• Go Hilton travel discount program
• Supportive parental leave
• Matching 401(k)
• Employee stock purchase program (ESPP) - purchase Hilton shares at 15% discount
• Debt-free education :Access to a wide variety of educational credentials (ex. college degrees, high school completion, English-language learning, digital literacy, professional certificates and more)
• 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.

Apply Now