Assistant Director, Finance

Job Description

Our urban oasis, situated at the corner of Hollywood and Highland, is your perfect base for moving and shaking, tinseltown-style. Loews Hollywood Hotel offers you movie-star magic and modern upscale amenities. Welcome to Style and Stature in the Hollywood Hills.

This position provides support to the Director of Finance in providing continuous leadership and guidance in matters relating to the financial operations of the hotel by: providing accurate and timely financial reports to assist management decision making process, maintaining acceptable internal control procedures designed to safeguard owners/investors assets, ensures compliance with all Federal, State, Local regulations. Additional responsibilities include; staffing, training, scheduling of employees; planning organizing, directing and coordinating all department activities to ensure efficient operation.

Essential Functions and Responsibilities

Manages/oversees the accounting and receiving/storeroom department to ensure optimal efficiency of financial operations and adherence to Loews commitments to management contract

Directs or prepares all financial information required at FSC by accounting department including audit, accounts payable, payroll etc.

Prepares all financial reports including P&L and supplemental reporting to Loews, ownership, bank etc.

Interprets and analyzes monthly financial statements and presents to management

Review forecasts according to the established schedule, for distribution of operational information necessary to assist management in decision-making in cost and payroll control

Monitors revenues/expenses and ensure accurate recording of information to Loews established guidelines

Compiles financial data related to operations, investigate and critique variances from expectations to determine cause and recommend appropriate management response to insure attainment of hotels financial objectives

Evaluates and determines course of action to improve hotel's performance on FSC scorecard

Establishes and oversees /audit all internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll and employee records to insure policies are enforced according to Loews standards

Coordinates annual internal and external audit processes

Assists Director of Finance in preparation of annual profit plan

Assists Director of Finance in the capital planning process

Assists division and department heads in the preparation of their respective budgets

Maintains files, pertaining 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's, all taxes

Attends various departmental meeting's in order to maintain effective working relationships with operational departments and staff

Approves as needed all purchase orders, payroll submittals, accounts payable invoices, cash transfers to owners, manual checks, balance sheet and bank reconciliation's, month end journal entries, bad debt write-off's, all Loews inter-hotel and corporate charges

Directs cash management activities to ensure the proper use and timely availability of funds

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

Other duties as assigned

Regular attendance in conformance with standards

May be required to work varying schedules to reflect business needs

Required to attend all training sessions and meetings

Supportive Functions and Responsibilities

Promotes and applies teamwork skills at all times

Notifies appropriate individual promptly and fully of problems and/or unusual matters of significance

Executes emergency procedures in accordance with hotel standards

Complies with required safety regulations and procedures

Attends appropriate hotel meetings and training sessions

Complies with hotel standards, policies and rules

Recycles whenever possible

Remains current with hotel information and changes

Complies with hotel uniform and grooming standards

Other duties as assigned

Qualifications

Extensive knowledge of computer based front and back of house Accounting Management Systems

Prolific in Windows, Lotus/Excel and MS-Office software operating systems and applications

Ability to assemble, analyze, understand and present integrated spread sheets and complex technical information to all levels of management

Organization/prioritization skills necessary to meet deadlines

Effective management, leadership, organizational and communications skills

Working knowledge of basic office equipment, i.e.; fax, copiers, printers, calculators

Ability to work flexible schedule to include weekends and holidays

Must be willing to relocate to be considered for this position

Education:

Bachelors or higher degree in Accounting/Finance or equivalent experience

Experience:

Four to six years progressive experience in managing Hospitality Accounting operations Salary range for this position, based on experience, is $82,400.00 to $103,000.00.

Loews Hotels & Co is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state or local laws and ordinances.

Full-time