Job Description
Join to apply for the Director of Finance role at Loews Hotels & Co
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Join to apply for the Director of Finance role at Loews Hotels & Co
Experience the Windy City from the heart of it all. Loews Chicago Hotel , situated steps from Navy Pier and Magnificent Mile, offers guests spectacular city skyline and lake views, while enjoying the comforts of home. Welcome to City Sophistication where convenience and relaxation meet.
This position provides continuous leadership and guidance in all matters relating to the financial operation of the hotel by: providing accurate and timely financial reports to assist management decision making process, maintaining acceptable internal control procedures designed to safeguard owners/investors assets, ensures compliance with all Federal, State, Local regulations. Additional responsibilities include; staffing, training, scheduling of employees; planning organizing, directing and coordinating all department activities to ensure efficient operation.
Job Specific - Manages/oversees the accounting department to ensure optimal efficiency of financial operations and adherence to Loews commitments to management contract
- Directs or prepare all financial reports, ledger reviews and forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision-making and budget preparation processes
- Oversees preparation of, interprets and analyzes monthly financial statements and presents to management
- Monitors revenues/expenses and ensure accurate recording of information to Loews established guidelines
- Compiles financial data related to operations, investigate and critique variances from expectations to determine cause and recommend appropriate management response to insure attainment of hotels financial objectives
- Establishes and oversees /audit all internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll and employee records to insure policies are enforced according to Loews standards
- Coordinates annual internal and external audit processes
- Ensures the proper utilization, maintenance and periodic upgrading as required of all EDP systems and equipment
- Assists management in capital planning process by providing appropriate ROI information
- Coordinates the development of the annual financial plan
- Assists division and department heads in the preparation of their respective budgets
- Maintains files, pertaining to and ensuring compliance with, insurance policies, all contracts and legal agreements
- Ensures proper, timely payment of fees for licenses, permits, regulatory contracts and insurances, all taxes
- Serves as active member of Executive Committee and attends all meetings of same
- Attends various departmental meetings in order to maintain effective working relationships with operational departments and staff
- Approves as needed all purchase orders, payroll submittals, cash transfers to owners, manual checks, balance sheet and bank reconciliation's, month end journal entries, bad debt write-offs, all Loews inter-hotel and corporate billings
- Directs cash management activities to ensure the proper use and timely availability of funds
- Provides guidance on technical issues affecting departments reporting to the Credit Manager
- Conducts/oversees monthly audit of General Cashiers vault
- Interviews, selects, trains, appraises, coaches, counsels and disciplines accounting personnel according to Loews standards
- Follows New Hire Training and on-going Star Service Competency programs in accordance with hotel policy
- Evaluates individual employee performance, determines areas in need of improvement or requirements for advancement, establishes goals, objectives and training needs required to achieve same
- Participates in MOD program as required
- Evaluate changes in guest needs, the hotels guest mix and industry competitive set, to recommend appropriate product/service and operational changes necessary to ensure guest and employee satisfaction, while maintaining market dominance and exceptional fi
- Other duties as assigned
General - Promotes and applies teamwork skills at all times
- Notifies appropriate individual promptly and fully of problems and/or unusual matters of significance
- Executes emergency procedures in accordance with hotel standards
- Complies with required safety regulations and procedures
- Attends appropriate hotel meetings and training sessions
- Complies with hotel standards, policies and rules
- Recycles whenever possible
- Remains current with hotel information and changes
- Complies with hotel uniform and grooming standards
Qualifications - Extensive knowledge of computer based front and back of house Accounting Management Systems
- Prolific in Windows, Lotus/Excel and MS-Office software operating systems and applications
- Ability to assemble, analyze, understand and present integrated spread sheets and complex technical information to all levels of management
- Organization/prioritization skills necessary to meet deadlines
- Effective management, leadership, organizational and communications skills
- Working knowledge of basic office equipment, i.e.; fax, copiers, printers, calculators
- Ability to work flexible schedule to include weekends and holidays
Education:
- Bachelors or higher degree in Accounting/Finance
Experience:
- Four to six years progressive experience in managing Hospitality Accounting operations
Salary range for this position, based on experience, is $123,200.00 to $154,000.00.
This position is eligible for a performance-based incentive program.
Visit this site to view benefits this role may be eligible for based on classification:
Loews Hotels Benefits
Seniority level
Employment type
Employment type
Full-time
Job function
Job function
Finance and Sales Industries
Hospitality
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Job Tags
Full time, Contract work, Local area, Flexible hours,