Assistant Director, Finance at Loews Hotels

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

13 Jun, 26

Salary

95000.0

Posted On

15 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Reporting, Internal Control, Compliance, Staffing, Training, Scheduling, Accounting, Payroll, Financial Analysis, Budgeting, Audit Coordination, Cash Management, Leadership, Communication, MS-Office Suite, Data Analysis

Industry

Hospitality

Description

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 support to the Director of Finance in providing continuous leadership and guidance in matters relating to the financial operations 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. Essential Functions and Responsibilities Manages/oversees the accounting and receiving/storeroom department to ensure optimal efficiency of financial operations and adherence to Loews commitments to management contract Directs or prepares all financial information required at FSC by accounting department including audit, accounts payable, payroll etc. Prepares all financial reports including P&L and supplemental reporting to Loews, ownership, bank etc. Interprets and analyzes monthly financial statements and presents to management Review forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision-making in cost and payroll control 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 Evaluates and determines course of action to improve hotel’s performance on FSC scorecard 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 Assists Director of Finance in preparation of annual profit plan Assists Director of Finance in the capitol planning process 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 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, accounts payable invoices, 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 charges Directs cash management activities to ensure the proper use and timely availability of funds 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 Other duties as assigned Regular attendance in conformance with standards May be required to work varying schedules to reflect business needs Required to attend all training sessions and meetings Supportive Functions and Responsibilities 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 Other duties as assigned Qualifications Extensive knowledge of computer based front and back of house Accounting Management Systems Prolific in 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 Must be willing to relocate to be considered for this position Education: Bachelors or higher degree in Accounting/Finance or equivalent experience Experience: Four to six years progressive experience in managing Hospitality Accounting operations Salary range for this position, based on experience, is $76,000.00 to $95,000.00. Visit this site to view benefits this role may be eligible for based on classification: Loews Hotels Benefits Headquartered in New York City, Loews Hotels & Co is rooted in deep heritage in the hotel industry and excellence in service. As one of the only independently owned family hotel companies, we know that hospitality comes from the heart. Loews Hotels & Co owns and operates hotels and resorts across the U.S. and Canada. Located in major city centers and resort destinations, including multiple hotels in partnership with Universal Orlando Resort, Loews Hotels & Co features properties grounded in family heritage and dedicated to delivering unscripted guest moments, all with a locally handcrafted approach. We pride ourselves on the individuality and uniqueness of our offering. Joining Loews Hotels & Co means not just gaining a job, it means becoming a part of a family. A family where Team Member growth and empowerment are part of our DNA and have been for decades. We offer progressive benefits including paid parental leave, 401K matching and travel benefits, and opportunities for ongoing learning and development. But beyond that, as a member of the Loews Hotels family, you are part of a culture of diversity and inclusion, one that works hard to protect our environment with eco-friendly and sustainability programs, and one that is always a good neighbor to their communities, supporting them in ways large and small. We welcome you to join us. Loews Hotels & Co is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state or local laws and ordinances.

Responsibilities

This role supports the Director of Finance by providing leadership and guidance over the hotel's financial operations, ensuring accurate and timely financial reporting to aid management decision-making. Key duties include managing the accounting and storeroom departments, preparing all financial reports, interpreting statements, and overseeing internal controls to safeguard assets.