Viceroy Hotels and Resorts · 14 hours ago
Director of Finance
Chicago, IL
Full-time
Onsite
Lead/Staff, Director/Executive
$165K/yr - $175K/yr
5+ years expViceroy Hotels & Resorts is a leader in modern luxury hospitality, dedicated to creating immersive experiences for guests. The Director of Finance will lead the financial operations of the hotel, ensuring profitability, compliance with regulations, and accurate financial reporting.
Hospitality
Responsibilities
Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds
Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines. Monitors and controls Hotel’s cash flow and operating forecast
Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management
Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items
Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives
Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations
Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records
Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis
Hire, train, supervise and develop staff, including coaching, counseling and discipline
Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel
Directs or prepares all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines, i.e: Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates Monthly: Financial Statements, Forecasting KeyStatistics Report, Cash Flow Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times
Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly
Monitor the accurate production of the hotel daily operating report
Executes other special projects and responsibilities as assigned
Qualification
Required
At least 5 or more years of Hospitality Finance/Accounting experience
Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel
Excellent verbal and written communication skills
Bachelor's degree required preferably in Finance or Accounting
Must supervise 2 or more employees
Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems
Company
Viceroy Hotels and Resorts
Welcome to Viceroy Hotels & Resorts – Redefining Modern Luxury in Global Hospitality Named in the top ten of ‘Top 25 Hotel Brands’ on Travel + Leisure World's Best Awards 2023.
Founded in 1999West Hollywood, California, US
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Yoav Gery
Chief Development Officer
Recent News
Hotel Business
2024-02-19
Hotel Technology News
2023-12-26
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