Complex Director of Finance

at HEI Hotels & Resorts in Chicago, Illinois, United States

Job Description

Complex Director of Finance
Job Locations

US-IL-Chicago

Requisition ID 
2024-49840  

Category 
Accounting/Finance  

Position Type 
Regular Full-Time  

FLSA Status 
Exempt  

 Location Name  
The Gwen  

Discretionary Performance Bonus Eligible 
Yes  

Tipped / Service Charge Eligible 
No
About Us

Imagine yourself in 1930's Chicago. Chicago celebrated its centennial by hosting the world's fair in 1933. The speakeasies and gangsters were thriving. It was a distinguished time in Chicago's history. The Gwen has a glorious past and an even more glorious future. Rooted in the history and heritage of downtown Chicago in the 1930's, the Gwen serves as a city emblem of this golden era and yet is poised to bring luxury to a future generation of worldly travelers. This unmistakable inspiration comes to life with our historic facade, famously created by sculptress Gwen Lux in 1928. A female artisan making a mark in a predominantly 1930's, male design city depicts and exciting atmosphere of change. The building has been home to many stories in an illustrious past.

Health, dental and vision are just a start. We offer unlimited career potential, top of the line training, free lunch, Ventra Transit Benefit and we also provide your uniforms. Now we're inviting you to re-create the Gwen experience. Let it be a canvas for your own personal stories.

Don't meet every single requirement of this job? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At HEI we are dedicated to building a diverse and inclusive workplace, so if you're excited about this role but your experience doesn't align perfectly with every qualification in the job description, we encourage you to still send in your information. You may be the perfect candidate for this or for other roles within our organization!

We value U.S. military experience and invite all qualified military candidates to apply.
Overview

This role will oversee The Gwen Hotel in Chicago, IL and The Couryard by Marriott Manhatten Midtown East in New York, NY. Supervises and directs the financial activities of the hotel, safeguards the assets, and prepares all financial reports in accordance with generally accepted accounting principles and HEI Hotels and Resorts Standards. Travel expectations of 10-20%.

Responsibilities

Executive Committee Responsibilities
Ability to perform special financial analysis as needed and /or requested by General Manager and Corporate Office.
Practical solutions from a cost vs. benefits viewpoint. Provide accurate policy interpretations.
Actively participate in Executive Committee and staff meetings.
Assist other managers in analyzing statements, distributions, and other financial data.
Support and comply with property standards and Corporate SOP's.
Financial and Accounting Practices, Procedures, and Policies
Skill in correcting deficiencies identified on Internal Audit report.
Effective use of the Controller's Checklist.
Maintain effective cash control system with audits and reports for each period.
Review security over assets and auditing inventories.
Understanding of all pertinent leases, contracts, agreements, covenants, and restrictions.
Knowledge of City, County, State sales tax laws and laws dealing with innkeepers, liquor, and labor.
Budget Preparation
Schedule and coordinate the preparation and presentation of the annual operating budget.
Coordinate all aspects of the capital expenditures budget according to SOP.
Capital Expenditure Control
Control the Capital Expenditure program and complete ROI Analysis.
Financial Objectives
Complete entries required for preparation of the financial statements. Review statements for inaccurate data and make corrections within the following period.
Inform the General Manager and HEI Corporate management of current and potential financial problems.
Keep management informed of sales and profit attainment throughout the period.
Coordinate the property's labor management system.
Accounts Receivable
Maintain appropriate standards for 60-90 day accounts. Conform to standards regarding the average collection period.
Documenting the local credit policy and auditing property compliances.
Approve all major accounts for credit as defined by local policy.
Conduct credit and write-off meetings as requested.
Submit accurate and timely critiques and credit loss reports as required.
Review all major banquet functions and group accounts for proper credit extensions prior to arrival.
Maintain standard regarding level of bad debt expenses as related to credit sales.
Aggressively fulfill the accounts receivable management responsibilities to maximize receivable realizations.
Responses to Corporate Staff
Complete financial required reports and requests from HEI Corporate... For full info follow application link.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled