Executive Vice President Of Hotel Finance

Executive Vice President of Hotel Finance

Join to apply for the Executive Vice President of Hotel Finance role at Crescent Hotels & Resorts

At Crescent Hotels & Resorts, we are a team of hospitality professionals that are deeply connected to & proud of the exceptional experiences we provide for our guests. More than that, we know our Associates are the shining stars of what we do! We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey.

Whether it be our health & wellness programs, best in class learning and development or our travel discounts that ‘feed your inner explorer’, we work hard to create and deliver on what YOU need. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright.

• Excellent total compensation package
• Operational incentive plan eligibility
• An exceptional benefit plan for eligible associates & your family members
• 401K matching program for eligible associates
• Discounts with our Crescent managed properties in North America for you & your family members

• For all direct report and their respective regions of hotels, establish, coordinate and administer an adequate plan for the control of operations. This plan would provide profit planning, sales forecasts, expense budgets, capital requirement/needs, cost standards and the necessary procedures for effecting the plan.
• Ensure that all hotels formulate local accounting policy, coordinate systems and procedures and prepare operating data and special reports as required to compare performance with operating plans and standards and to report and interpret the results of operations to all levels of management and ownership (where applicable) to ensure timely information is provided in order to maximize profits.
• Act as a financial consultant to Hotel Finance, Operations, Commercial and P&C teams. Provide information on the financial impact of business decisions for all segments of management responsible for policy or action concerning any phase of the business that relates to attainment of objectives, effectiveness of policies and organization structure and procedures.
• Be involved in tax audits and assist in coordinating the responses to governmental agencies for the properties directly assigned to them, when necessary.
• Ensure hotels are in compliance with hotel and accounting policies and procedures, legal requirements and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing and security procedures to ensure deviations are brought to the attention of the General Manager and appropriate regional management and to protect the hotel's assets.
• Continue to mentor and train member of the Hotel Finance team, as well as be involved in the recruitment of new team members as needed. Conduct performance and salary reviews, resolve problems and provide open communication vehicles and discipline and terminate as appropriate.
• Fiduciary responsibility to Crescent and Ownership.
• Approach all encounters with employees in an attentive, friendly, courteous and service-oriented manner.
• Maintain regular meeting attendance in compliance with Crescent standards, as required by scheduling which will vary according to the needs of the hotel.
• Maintain high standards of personal appearance and grooming, which include wearing the proper attire when working, especially in the field.
• Comply at all times with Crescent standards and regulations to encourage safe and efficient hotel operations.
• Maintain a warm and friendly demeanor at all times.
• Employees must, at all times, be attentive, friendly, helpful, and courteous to all guests, managers, and fellow associates.
• Plan and promote synergy and effective pooling of resources among Crescent hotels to form an integrated system of financial management which collectively focuses on achieving hotels and company objectives and maximizing profitability.
• Supervise SVP’s of Hotel Finance and Regional Directors of Finance that are directly assigned. Assist them in managing various financial related tasks.
• Ensure that all team members complete the required property visit reports for their respective properties. A minimum of two financial review exercises per year per hotel is required. The results of the on-site financial/operational analyses should be structured to provide feedback and identify potential profit and/or control weaknesses.
• Ensure compliance with Crescent internal controls as per established procedures, and interface with the Internal Audit department and corrective action plans are put in place to remediate all deficiencies identified at the properties.
• Establish, implement, enforce and evaluate policies and procedures designed to achieve company, operational goals, and legal requirements.
• Ensure cost-effectiveness of resource (staffing)…