Director of Finance

Job Responsibilities

• Manages/oversees the accounting department to ensure optimal efficiency of financial operations and adherence to Loews commitments to management contract.
• Directs or prepares all financial reports, ledger reviews and forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision‑making and budget preparation processes.
• Oversees preparation of, interprets and analyzes monthly financial statements and presents them to management.
• Monitors revenues/expenses and ensures accurate recording of information to Loews established guidelines.
• Compiles financial data related to operations, investigates and critiques variances from expectations to determine cause and recommend appropriate management response to ensure attainment of the hotel’s financial objectives.
• Establishes and oversees audit of all internal financial controls, including purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll and employee records to enforce policies according to Loews standards.
• Coordinates annual internal and external audit processes.
• Assists management in capital planning process by providing ROI information.
• Coordinates the development of the annual financial plan and assists division and department heads in the preparation of their respective budgets.
• Maintains files pertaining to insurance policies, all contracts and legal agreements, ensuring compliance.
• Ensures proper, timely payment of fees for licenses, permits, regulatory contracts and insurance, as well as all taxes.
• Serves as active member of Executive Committee and attends all meetings; attends departmental meetings to maintain effective working relationships.
• Approves as needed all purchase orders, payroll submittals, cash transfers to owners, manual checks, balance sheet and bank reconciliations, month‑end journal entries, bad debt write‑offs, and all Loews inter‑hotel and corporate billings.
• Directs cash management activities to ensure proper use and timely availability of funds.
• Provides guidance on technical issues affecting departments reporting to the Credit Manager.
• Conducts/oversees monthly audit of the General Cashier’s vault.
• Interviews, selects, trains, appraises, coaches, counsels and disciplines accounting personnel according to Loews standards.
• Follows New Hire Training and ongoing Star Service Competency programs in accordance with hotel policy.
• Evaluates individual employee performance, determines areas for improvement or advancement, establishes goals, objectives and training needs.
• Participates in MOD program as required.
• Other duties as assigned.
• Promotes and applies teamwork skills at all times; notifies appropriate individual promptly and fully of problems or unusual matters of significance; executes emergency procedures; complies with safety regulations; attends hotel meetings and training sessions; complies with hotel standards, policies, rules, uniform and grooming standards; recycles whenever possible; remains current with hotel information and changes.

Qualifications

• Extensive knowledge of computer‑based front and back‑of‑house Accounting Management Systems.
• Proficiency in Windows, Lotus/Excel, and MS‑Office applications.
• Ability to assemble, analyze, understand and present integrated spreadsheets and complex technical information to all levels of management.
• Organization and prioritization skills necessary to meet deadlines.
• Effective management, leadership, organizational and communication skills.
• Working knowledge of basic office equipment (fax, copiers, printers, calculators).
• Ability to work a flexible schedule, including weekends and holidays.
• Bachelor’s or higher degree in Accounting/Finance.
• Four to six years of progressive experience in managing hospitality accounting operations.

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