Apply on Employer Site

Loews Hotels & Co · 1 hour ago

Director of Finance

Atlanta Metro

Full-time

Onsite

Lead/Staff, Director/Executive

4+ years exp

Loews Hotels & Co is a prominent hotel brand situated in Midtown Atlanta, known for its vibrant neighborhood and modern accommodations. The Director of Finance will lead the financial operations of the hotel, ensuring accurate reporting, compliance with regulations, and optimal efficiency in financial management. This role involves overseeing the accounting department, preparing financial reports, and coordinating budgets to achieve the hotel's financial objectives.

Travel

Hiring Manager

Annamaria Fink

Responsibilities

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 insurance's, all taxes

Serves as active member of Executive Committee and attends all meetings of same

Attends various departmental meeting's 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-off's, 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

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

Qualification

Accounting Management SystemsFinancial ReportingBudget PreparationMS-Office ProficiencyLeadership SkillsTechnical AnalysisOffice Equipment KnowledgeOrganizational SkillsCommunication Skills