Assistant Director of Finance

Viceroy Hotels and Resorts; Chicago (IL); On-site; USD 95,000 - 135,000; Full time

Job summary

Highgate Hotels seeks an Assistant Director of Finance to lead the hotel's accounting team and drive profitability through accurate reporting and strong internal controls.

You will assist in timely monthly statements, monitor revenues and cash flow, and collaborate with department heads to keep operations on track. Hospitality finance experience is desirable; long hours may be required.

Qualifications

• Bachelor’s degree in Accounting.
• Strong PC skills with Excel and Word.
• Experience with hospitality finance and accounting is desirable.

Responsibilities

• Assist Director of Finance in timely preparation of monthly financial statements.
• Prepare, monitor, and record hotel revenues daily using Income Journal. Identify variances to budget and prior year.
• Monitor cash flow and operating forecasts for the property.
• Coordinate with Department Heads to keep operations on track.
• Prepare monthly bank reconciliations and GL reconciliations.
• Supervise accounting staff and ensure internal controls.
• Ensure compliance with accounting policies and regulatory requirements.
• Analyze financial data and advise on improvements.

Skills

Excel

Word

Financial accounting systems

Analytical skills

Verbal communication

Written communication

Education

Bachelor's Degree in Accounting

Tools

Accounting software

Job description

The Assistant Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by supplying the accounting staff with guidance and training. He/she is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels on internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.

General Responsibilities Include but not limited to:

• Assist Director of Finance in timely preparation of monthly financial statements for the property
• Prepare, monitor, and accurately record hotel revenues daily by preparation of the Income Journal. Identify all variances to budget and last year.
• Monitoring and control of hotel operations, cash flow and operating forecasts for the property
• Under guidance of Director of Finance maintain timely interaction with Department Heads to assure that property operations are on track and under control at all times
• Preparation of monthly bank reconciliations and general ledger account reconciliations for the property
• Supervision of accounting department staff
• Compliance with Highgate Accounting Policies and Procedures and internal controls for our finance and accounting operations
• Effectively manage and communicate related issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotel’s established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
• Analyze financial data and operations in order to assist Director of Finance and advise Department Heads in maintaining the hotels’ financial objectives.
• With supervision of Director of Finance hire, train, supervise and develop staff, including coaching, counseling and discipline.
• Preparation of any special reports, statements, etc., as requested.
• Other special projects and responsibilities as assigned.

Desired Qualifications:

• Bachelors Degree, preferably in Accounting.
• Strong PC skills including Excel, Word and financial accounting systems.
• Strong organizational, analytical, verbal and written communication skills.
• Long hours and sometimes required.
• Hospitality related financial management and accounting experience desirable.