Director of Finance

Director of Finance page is loaded## Director of Finance locations:
GA - Atlanta - Loews Atlanta Hoteltime type:
Full time posted on:
Posted Todayjob requisition :
R0079526

Situated in the epicenter of Midtown,
** Loews Atlanta Hotel
** is walking distance to some of the best attractions in the city. Welcome to Atlanta's Most Vibrant Neighborhood. With spectacular views, beautiful rooms and an ideal location – this property is a modern-age Southern charmer.

This position provides continuous leadership and guidance in all matters relating to the financial operation 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.
** Job Specific
*** Manages/oversees the accounting department to ensure optimal efficiency of financial operations and adherence to Loews commitments to management contract
* Directs or prepare 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 to management
* 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
* 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
* Ensures the proper utilization, maintenance and periodic upgrading as required of all EDP systems and equipment
* Assists management in capital planning process by providing appropriate ROI information
* Coordinates the development of the annual financial plan
* 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
* Serves as active member of Executive Committee and attends all meetings of same
* 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, 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 billings
* Directs cash management activities to ensure the proper use and timely availability of funds
* Provides guidance on technical issues affecting departments reporting to the Credit Manager
* 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
* Evaluate changes in guest needs, the hotels guest mix and industry competitive set, to recommend appropriate product/service and operational changes necessary to ensure guest and employee satisfaction, while maintaining market dominance and exceptional fi
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