Director of Finance

at Crescent Hotels & Resorts, LLC in ChicagoChicago, Illinois, United States

Job Description

Description

At Crescent Hotels & Resorts, we are a team of hospitality professionals that are deeply connected to & proud of the exceptional experiences we provide for our guests. More than that, we know our Associates are the shining stars of what we do!
We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. Whether it be our health & wellness programs, best in class learning and development or our travel discounts that 'feed your inner explorer', we work hard to create and deliver on what YOU need. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright
We are committed to providing you with:
An exceptional benefit plan for associates & family members including Medical, Dental, Vision, Short Term and Long Term Disability, Life Insurance, Flexible Spending Account
401K matching program
Discounts with our Crescent managed properties in North America for you & your family members along with Hyatt Branded Hotel Associate Discounts
Employee Assistance Program
What you will be doing:
Financial:
Acts as the "Chief Business Officer" to the general manager and EC Team, and as such is responsible for evaluating the financial impact on business decisions.
Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
Effectively manage and communicate cash flow related issues, as required to management and ownership. This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Crescent Hotels and Resorts established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
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.
Coordinate the completion of all forecasts and budgets as required, with the full and active participation of the Executive Committee Team and department managers.
Analyze financial data and operations in order to assist and advise management in maintaining the hotels' financial objectives.
Ensure that all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting, reviewing, recommending and maintaining an inventory of qualified and promotable Associates that can potentially become Controllers, Assistant Controllers, Accounting Managers, and other managers for the organization.
Continually focus on training and development programs for finance associates to cultivate the "brightest" and "best" talent within the industry.
Hire, train, supervise and develop staff, including coaching, counseling and discipline.
Maintain compliance with Crescent Hotels and Resorts standards and regulations to ensure safe and efficient operation of the hotel.
Ensure proper utilization, maintenance and periodic upgrades of all IT systems and equipments.
Direct and/or prepare all financial reports in accordance with IHR requirements meeting various due dates and deadlines:
Daily:
Review and submit a Daily Revenue Report.
Ensure timely deposit of all cash and transmission of Credit Cards.
Review Labor Report for overtime and any variance to Forecast.
Weekly:
Review departmental Checkbooks and advise of any needed changes.
Distribute and discuss weekly G/L report with department managers.
Update GM on any unfavorable financial issues impacting the month.
Ensure there is sufficient cash to meet all scheduled obligations.
Monthly:
Reconcile Balance Sheet with proper back up.
Ensure that all banks are counted.
Count the main vault.
Review "Key Financial... For full info follow application link.

EOE/AA/Disabled/Veterans Crescent Hotels & Resorts is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Crescent Hotels & Resorts does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.