Hospitality Financial Leadership – Why Doesn’t My Director of Finance Step Up? | By David Lund

Hospitality Financial Leadership – Why Doesn’t My Director of Finance Step Up? | By David Lund


Your DOF is a great accountant. They do a solid job running the accounting department and they are very efficient. Your monthly financials are timely and overall the accuracy is high. The internal audit reports are very strong and they manage the accounting staff and departmental communications well. What’s the problem then? What you really want and what your business really needs is a DOF that’s a “financial leader”. The kind of DOF that’s going to teach and lead the non-financial managers in your hotel. You want the DOF to be as effective with the forecasts and commentaries as they are with the day to day accounting. You want your DOF to be the financial quarterback that calls the plays that move the money ball down the field. Not the recordkeeper who hides out in their office avoiding the world and your business. You want a financial leader that’s going to tackle the issue your business faces and the trailblazer that gets results.

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