Associate Director, Accounting Services

About the role

The Associate Director, Accounting Services is responsible for directing the centralized accounting team of Loews Hotels servicing hotels across the United States and the corporate office. This role provides leadership on all components of accounting services including general ledgers, income reporting and audits, fixed assets, revenue taxes, month end closings, cash and bank account reconciliations, balance sheet account reconciliations, and compliance audits.

Responsibilities

• Directs monthly bank reconciliations to ensure timeliness, compliance, and accuracy.
• Directs monthly balance sheet reconciliations to ensure timeliness, compliance, and accuracy.
• Communicates material adjustments of reported financial results to executive leadership.
• Conducts periodic balance sheet reviews with the Directors of Finance for each hotel location.
• Directs the month end close process to ensure timeliness, compliance, and accuracy.
• Directs the activities of the income audit and revenue recognition team to ensure timeliness, compliance and accuracy.
• Directs the activities of the fixed asset team to ensure the accurate reporting of capital spend, depreciation, and asset disposals.
• Directs the activities of the revenue tax team to ensure the timeliness and accuracy of tax filings.
• Assists the Director with creating or enhancing internal controls.
• Ensures internal controls are in place, adhered to, and monitored through monthly testing procedures.
• Collaborates closely with Loews Hotels Corporate Office disciplines and all Loews Hotels entities to ensure compliance with internal controls, policies, and procedures.
• Provides input and feedback based on business flow to support brand and individual hotel strategies.
• Assists the Director in being accountable for labor and operating expense spend of the department in accordance with budgetary guidelines.
• Develops the leadership team in alignment with Loews Hotels standards and expectations.
• Maintains a positive, quality environment that positions Loews Hotels as the employer of choice in approved hiring markets; establishing policies and protocols collectively as a center.

Requirements

• Written and Oral Communication – Speaks and writes clearly and informatively; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.
• Change Management - Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results.
• Delegation - Delegates work assignments; Matches the responsibility to the person; Gives authority to work independently; Sets expectations and monitors delegated activities; Provides recognition for results.

Qualifications

• 3-5 years of accounting experience required.
• Bachelor's Degree in Accounting, Finance or Business Administration preferred.
• Strong understanding of GAAP and SOX Controls.