Area Director of Finance

4 weeks ago


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

The Area Director of Finance will oversee the financial operations for a dual-branded hotel in downtown Chicago. This role is responsible for all activities related to budgeting, forecasting, profit and loss reporting, and account reconciliation for operating and balance sheet accounts.

Responsibilities
  • Verifies the accuracy and timeliness of all finance functions: 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.
  • Provides analytical tools and support to department heads during budget preparation and leads the sales and operations team in creating accurate monthly forecasts.
  • 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 and analyzes financial data and operational and market trends to identify opportunities for improvement.
  • Leads the property in developing and maintaining a strong labor culture that maximizes productivity and performance and facilitates monthly P&L reviews to uncover challenges, opportunities, and trends.
  • Manages capital expense budget and reconciles expenditures monthly and ensures strong accounting and operational controls to safeguard assets and maximize profits.
  • Oversees internal and city audit processes and manages the accurate collection, posting, and reconciliation of occupancy taxes, sales taxes, and transient marketing district (TMD) fees.
  • Reconciles balance sheet accounts monthly and ensures totals are supported by appropriate documentation and provides continuous direction to and education of the operational team in all areas related to finance, financial reports, internal controls, labor management, payroll, month-end reconciliation, P&L performance, etc.
  • Fosters strong professional relationships with the entire management group by providing direct counsel and feedback that positively impacts the performance of the business and sharpens the financial acumen of the team.
  • Conducts ongoing coaching and annual reviews to influence positive team development and cross-trains team members to support successful department operations.
  • Sets high standards for performance and holds the team accountable for results and supports and brings to life the property's core values and service culture.


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