Step into Hotel Phoenix, Centennial Yards premier hotel, where modern luxury blends seamlessly with Atlantas rich culture and warm Southern hospitality. With thoughtfully designed accommodations, elevated dining, a vibrant outdoor pool and event lawn, and over 15,000 square feet of versatile event space, the hotel serves as a dynamic destination for both travelers and locals. Ideally located across from Mercedes-Benz Stadium and within walking distance of the Georgia World Congress Center, Hotel Phoenix stands at the heart of one of Downtown Atlantas most ambitious developments.
POSITION PURPOSE
It is the mission and intent of this position that the incumbent will assist the General Manager and VP of Hospitality Finance to manage all finance and accounting related responsibilities decisions for their respective Hotels.
Scope of Position
This position oversees the respective Hotel Accounting Team in providing financial support to the General Manager and VP of Hospitality Finance to ensure accurate and timely financial reports and operational reports are delivered to hotel management, centralized accounting services, and others on as requested. This position provides continuous leadership and guidance in matters relating to the daily operation of the accounting activities and internal control procedures designed to safeguard hotel assets and ensures compliance with all Federal, State, and Local regulations. Additional responsibilities include staffing, training, scheduling of employees; planning, organizing, directing, and coordinating inter and intra department activities to ensure efficient Financial Operations.
Organizational Structure
The Director, Hotel Finance reports to the General Manager of the hotel with a dotted line to the Vice President, Hospitality Finance.
Duties and Supporting Responsibilities
- Oversees the Accounting and Finance department activities to ensure optimal efficiency and performance of department.
- Managing the daily processes if applicable for Income Audit, Accounts Payable, Accounts Receivable, Payroll, and General Ledger functions to ensure accurate recording of information according to generally accepted accounting principles and CIM Hospitality Finance Guidelines in a timely manner.
- Ensures that all month end closing tasks are performed in a timely manner (in accordance with corporate deadline) with accurate financial data
- Provide guidance or assess accounting treatments on complicated transactions and discuss results with hotel management.
- Performs or reviews income statement and balance sheet fluctuations and ensures all key fluctuations are explained, documented, and addressed each month.
- Oversees the preparation of monthly financial statements including cashflow statements. Directs and/or prepares all financial reports under
- CIMs requirements meeting various due dates and deadlines established.
- Monitors hotel operations, cash flow, operating forecasts, and capital planning for assigned entities.
- Monitors hotel operations, cash flow and operating forecasts of
- assigned entities.
- Conducts or participates in monthly financial reviews after monthly close with the property team. Ensures that Financials are reviewed in detail prior to releasing. Financial Statements are due the 5th business day after each month end date. This is subject to change based on the requests from CIM corporate Accounting
- Reviews/Approves all Balance Sheet Reconciliation for respective properties to ensure balance sheet accounts are properly prepared by centralized accounting and that reconciling items are taken care of withing 30 days of the next month.
- Prepares Financial Reports for Monthly Owners Meeting. This should include a high-level overview of the performance of the hotel relative to the 30-day forecast, 12-month budget, and prior year actuals both on a month and year to date basis. Additionally provides hotel and corporate team with a total year forecast with key variances at the end of each month.
- Leads the hotel team in the preparation of monthly forecasts per the due dates established by the VP of Hospitality Finance.
- Ensures Compliance with Applicable Tax Laws.
- Supervises preparation and review of tax & governmental reports and ensures any payment of monies required on a timely basis.
- Ensures that transactions are recorded in accordance with US GAAP and USALI
- Ensures proper, timely payment of fees for licenses, permits, regulatory contracts and insurance policies.
- Continuously assess processes and propose Systems or processes that provide additional efficiencies. Examples: Infor, Hotel Property Management Systems, Black Line, Micros, all payroll reporting systems, etc.
- Performs special projects to meet Hotel Management or CIM Corporate needs on an ongoing basis.
- Interviews, selects, trains, appraises, coaches, counsels and disciplines accounting personnel according to CIM Hospitality Finance Standards.
- Evaluates individual employee performance, determines areas in need of improvement or requirements for advancement, establishes goals, objectives and training needs required to achieve same
- Directs & Supervises Accounting department employees that directly reports to DOF, including accounts payable, accounts receivable, and general ledger clerical positions.
- All Centralized Accounting Positions report directly to the Director of Hospitality Finance, Shared Services.
Experience and Knowledge
- BA in Accounting
- 8 to 10 years of Controller /Director Experience in Hospitality Accounting
- Proficient in all Windows Based Software Application, experience with Infor, M3, Micros, or other Hotel Property Management System is a must.
- Ability to assemble, analyze, understand integrated spread sheets and complex technical information.
- Prioritization skills necessary to meet deadlines.
- Effective management, leadership, organizational and communications skills
- Ability to work flexible schedule to include weekends and holidays.
Desirable
- Experience in centralized accounting environment would be beneficial.
- Experience with Blackline, Infor, and Birch Street Accounting Systems
PHYSICAL DEMANDS:
While performing this job, the employee is regularly required to stand, walk, sit, speak, hear, reach, bend over, stoop, use hands, use fingers, write, see, feel objects, handle paper, wires, pens, boxes, and occasionally kneel. Occasional lifting or moving may be required of objects of up to 50 pounds of force occasionally.
Source: Hospitality Online
#J-18808-Ljbffr