Director of Finance

6 days ago

Chicago, United States Viceroy Hotel Group Full time

Viceroy Chicago
1118 N State Street
Chicago, IL 60610, USA

Description

Viceroy Chicago, located at the site of the 1920's-era Cedar Hotel, among historic mansions and just steps to the Magnificent Mile and Lake Michigan, offers a locally-inspired luxury experience with 180 guestrooms, including 18 suites. Explore modern, Midwest flavors at the hotel’s restaurant or head up to the rooftop bar, pool and lounge, perched 18 stories high for a sweeping panorama of Great Lake views and Chicago’s iconic skyline.

General Responsibilities Include

  • Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
  • Analyzes information, forecasts sales against expenses, and creates annual budget plans.
  • Thinks creatively and practically to develop, execute, and implement new business plans.
  • Creates the annual operating budget for the property.
  • Provides analytical support during budget and P&L reviews to identify cost-saving and productivity opportunities for property managers.
  • Implements a system of appropriate controls to manage business risks.
  • Ensures a strong accounting and operational control environment to safeguard assets, improve operations, and profitability.
  • Leads the development and implementation of a comprehensive annual business plan aligned with the company’s and brand’s strategic direction.
  • Produces accurate forecasts that enable operations to react proactively to changes in the business.
  • Utilizes interpersonal communication skills to lead, influence, and encourage others; advocates sound financial/business decision-making; demonstrates honesty/integrity; and leads by example.
  • Leverages strong functional leadership and communication skills to influence the executive team, the property's strategies, and to lead the finance department.
  • Prioritizes responsibility as a member of the senior leadership team, ensuring that training and mentorship are carried out within the department and throughout the hotel.
  • Manages communication with owners effectively.
  • Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
  • Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
  • Knowledge of local Generally Accepted Accounting Principles (local GAAP).
  • Ability to read and understand basic contract elements, e.g., royalty fees, management agreement, terms, priorities, and profit distribution.
  • Business Acumen - Understanding and utilizing business information (e.g., data used in the VHG Balanced Scorecard related to Colleague surveys, Guest Satisfaction, and Property Financial Performance) to manage everyday operations and generate innovative solutions to approach business and administrative challenges.

Qualification Standards:

  • Five years minimum lifestyle hotel financial management experience in a full-service environment with significant revenues attributed from Food and Beverage operations.
  • Previous experience working with third-party ownership groups preferred.
  • Bachelor's degree or equivalent.

Grooming: All colleagues must maintain a neat and well-groomed appearance (specific standards will be provided).

EEO

Viceroy Chicago participates in the Department of Homeland Security's E-Verify program to verify the employment eligibility of all newly hired employees. Please review this important notice:

QualificationsEducationRequired

Bachelors or better.

ExperienceRequired5 years:

Five years minimum lifestyle hotel financial management experience in a full-service environment with significant revenues attributed from Food and Beverage operations.

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