Area Director of Finance

1 day ago

Chicago, Illinois, United States Aimbridge Hospitality Full time
Job Summary

The Area Director of Finance is responsible for overseeing all financial activities related to budgeting, forecasting, profit and loss reporting, and account reconciliation for up to 4 hotels. This role directly oversees all accounting activities, including income auditing, cashiering, accounts payable processing, accounts receivable collection, tax compliance, payroll, and month-end processing.

Key Responsibilities
  • Verifies the accuracy and timeliness of all finance functions, including daily and month-end reporting, payroll processing, income audit, accounts payable, accounts receivable, and cash and credit card management.
  • Completes comprehensive month-end close, including preparing journal entries and accruals, completing cost of sales entries, reconciling balance sheet accounts, ensuring proper tax reporting, and analyzing profit performance.
  • Develops and achieves financial goals, including creating the annual operating plan aligned with the company's strategic direction, providing analytical tools and support to department heads during budget preparation, and leading the sales and operations team in creating accurate monthly forecasts.
  • Implements and upholds business practices that positively support the company's obsession with having a sales-driven culture, ensures monthly P&Ls reflect accurate revenues, expenses, and cost of sales calculations, and analyzes daily, monthly variances between actual, forecasted, and budgeted performance.
  • Advises the General Manager and executive team on existing and upcoming financial and operational issues, analyzes financial data and operational and market trends to identify opportunities for improvement, and leads the property in developing and maintaining a strong labor culture that maximizes productivity and performance.
Requirements
  • Possess a 4-year Bachelor's Degree in Finance/Accounting and a minimum of 5 years of experience in a finance leadership position or a 5+ year history of progressive career growth in hotel finance (or in a similar industry).
  • Experience with budgeting, forecasting, profit and loss reporting, and balancing ledgers for operating and balance sheet accounts.
  • Aptitude for performing numerical analysis of data and formulating conclusions and/or solutions.
  • Ability to use logic to define a problem, collect information, establish facts, draw valid conclusions, interpret information, and deal with abstract variables for unique or unfamiliar situations.
  • Proven leadership and coaching skills with a track record of developing a highly motivated and cross-trained group of progressive accounting professionals.
  • Ability to clearly and concisely present technical subjects, possess strong oral and written communication skills, and the ability to conduct effective group meetings and presentations.
  • Ability to comprehend and use technical or professional language, either written or spoken, to communicate complex ideas.
  • Superior computer skills, including Microsoft Office, POS/PMS systems, and the ability to create, maintain, and analyze data in Excel spreadsheets.
Benefits

Aimbridge Hospitality offers a competitive benefits package, including medical, dental, and vision coverage, short-term and long-term disability income, term life and AD&D insurance, paid time off, employee assistance program, and 401(k) retirement plan.

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