Associate Director of Finance

About the role

The Associate Director of Finance position provides support to the Complex Director of Finance in providing continuous leadership and guidance in matters relating to the financial operations of the hotel. Key responsibilities include:

• Managing/overseeing 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/owners/partners.
• Prepares and reviews forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision-making in cost and payroll control.
• Maintains financial data related to operations, investigates and critiques 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.
• Maintains internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll, and employee records to ensure policies are enforced according to Loews standards.
• Serves as an active member of the Executive Committee and attends all meetings of same.
• Aids in the preparation of annual profit plans and the capital planning process.
• Aids 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/insurance and all taxes.
• Attends various departmental meetings 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 reconciliations, month end journal entries, bad debt write-offs, all Loews inter-hotel and corporate charges.
• Directs cash management activities to ensure the proper use and timely availability of funds.
• Interviews, selects, trains, appraises, coaches, counsels, and disciplines accounting personnel according to Loews standards.
• 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.

Qualifications

• Extensive knowledge of computer-based front and back of house Accounting Management Systems.
• Prolific in Windows, Excel and MS-Office software operating systems and applications.
• 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.