Director of Finance

Overview

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, maintaining acceptable internal control procedures to safeguard owners / investors assets, and ensuring compliance with all federal, state, and local regulations. Additional responsibilities include staffing, training, scheduling of employees; and planning, organizing, directing, and coordinating all department activities to ensure efficient operation.

Job Specific Responsibilities

• Manages / oversees the accounting department to ensure optimal efficiency of financial operations and adherence to Loews commitments to management contract.
• Directs or prepares 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 ensures accurate recording of information to Loews established guidelines.
• Compiles financial data related to operations, investigates and critiques variances from expectations to determine cause and recommends appropriate management response to ensure attainment of the hotel’s financial objectives.
• Establishes and oversees audit of all internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable / fixed asset inventories, payroll and employee records to ensure 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 related 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, all taxes.
• Serves as active member of Executive Committee and attends all meetings of same.
• Attends various departmental meetings 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 reconciliations, month‑end journal entries, bad debt write‑offs, 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.
• Evaluates changes in guest needs, the hotel’s 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 service.
• Other duties as assigned.

General Responsibilities

Qualifications

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