Complex Associate Director of Finance Job at Loews Hotels & Co.
We think every island paradise should have three things: sun, sand—and tons of palm trees. Good news: at Loews Royal Pacific Resort at Universal Orlando Resort™, we’ve got all three, plus so much more. Guest can enjoy a South Seas vacation without sailing halfway around the globe and feel the excitement of a time when adventurous travelers first island-hopped the South Pacific.
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 Windows, Lotus/Excel and 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
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