Millennium Hotels and Resorts
The Millennium Knickerbocker Chicago Director of Finance
Millennium Hotels and Resorts is a Hong Leong subsidiary of Singapore-listed global real estate company City Developments Limited (CDL). Headquartered in Singapore, Millennium Hotels and Resorts is Singapore’s largest homegrown operator of international hotel brands spanning 4 continents and 80 strategic destinations. With a portfolio that includes timeless masterpieces to lifestyle properties, Millennium Hotels and Resorts comprises of the brands: The Biltmore, Grand Millennium, Millennium, M Social, Studio M, M Hotel, Copthorne and Kingsgate. The group also has a specially curated selection of uniquely inimitable properties under Leng’s Collection, which has been put together by our chairman, Mr. Kwek Leng Beng.
Millennium Hotels and Resorts are committed to crafting inspired workplaces that deliver the ultimate guest experiences and maximize investor returns. Millennium Hotels and Resorts pursues perfection and improves the process daily, ensuring they never accept the status quo, and hold each other accountable. The team is comprised of compassionate leaders who seek to understand, be part of the solution, express gratitude, and humility, and celebrate success with all they do.
The Millennium Knickerbocker Chicago Director of Finance is responsible for performing all hotel accounting and finance duties and providing project leadership on an ad hoc basis. They will provide consistent leadership and accountability in the hotel's financial area by supplying the accounting staff and hotel leadership with guidance and training. They are also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors\' assets.
Responsibilities
Prepare timely weekly/monthly/quarterly/annual financial reports and plans for the properties.
Oversee the preparation and ensure the accuracy of hotel revenues daily via the Income Journal.
Monitor and control hotel operations, cash flow, and operating forecasts for the property.
Maintain timely interaction with Department Heads to ensure that property operations are always on track and under control.
Preparation of monthly bank reconciliations and general ledger account reconciliations for properties as necessary.
Participate in revenue/yield management strategy meetings.
Compliance with the company\'s Accounting Policies and Procedures and internal controls for our finance and accounting operations.
Effectively manage and communicate issues related to managing receivables, payables, daily cash balances, and timely deposits of all funds.
Monitor hotel revenues and expenses to ensure accurate recording by the company\'s established guidelines. Advise Department Heads in maintaining the company\'s financial objectives.
Investigate and critique variances to budget/forecast or the prior year and offer practical improvement methodologies to management.
Assist with hiring, training, supervision, and development of staff, including coaching, counselling and discipline.
Assist with Internal/External/Sales Tax audits as required.
Participate as an active member of the management team.
Preparation of any special reports, statements, etc., as requested.
Other special projects and responsibilities as assigned.
Extended hours are sometimes required.
Qualifications
Bachelor\'s Degree, preferably in Accounting or Finance.
3-5 years previous experience as Hotel Director of Finance/Controller
Strong PC skills including Excel, Word and financial accounting systems.
Strong organizational skills, analytical skills, and verbal and written communication skills.
Full general ledger experience and month end closing experience is preferred
Ability to communicate effectively.
Ability to work under pressure.
Exceptional organizational skills.
Ability to meet deadlines
Relocation provided If needed.
Compensation
Base pay range:
$140,000.00/yr - $150,000.00/yr
Range information provided by Millennium Hotels and Resorts. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Seniority level
Director
Employment type
Full-time
Job function
Accounting/Auditing, Finance, and Management
Industries
Hospitality, Hotels and Motels, and Accounting
Referrals increase your chances of interviewing at Millennium Hotels and Resorts by 2x
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Millennium Hotels and Resorts is a Hong Leong subsidiary of Singapore-listed global real estate company City Developments Limited (CDL). Headquartered in Singapore, Millennium Hotels and Resorts is Singapore’s largest homegrown operator of international hotel brands spanning 4 continents and 80 strategic destinations. With a portfolio that includes timeless masterpieces to lifestyle properties, Millennium Hotels and Resorts comprises of the brands: The Biltmore, Grand Millennium, Millennium, M Social, Studio M, M Hotel, Copthorne and Kingsgate. The group also has a specially curated selection of uniquely inimitable properties under Leng’s Collection, which has been put together by our chairman, Mr. Kwek Leng Beng.
Millennium Hotels and Resorts are committed to crafting inspired workplaces that deliver the ultimate guest experiences and maximize investor returns. Millennium Hotels and Resorts pursues perfection and improves the process daily, ensuring they never accept the status quo, and hold each other accountable. The team is comprised of compassionate leaders who seek to understand, be part of the solution, express gratitude, and humility, and celebrate success with all they do.
The Millennium Knickerbocker Chicago Director of Finance is responsible for performing all hotel accounting and finance duties and providing project leadership on an ad hoc basis. They will provide consistent leadership and accountability in the hotel's financial area by supplying the accounting staff and hotel leadership with guidance and training. They are also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors\' assets.
Responsibilities
Prepare timely weekly/monthly/quarterly/annual financial reports and plans for the properties.
Oversee the preparation and ensure the accuracy of hotel revenues daily via the Income Journal.
Monitor and control hotel operations, cash flow, and operating forecasts for the property.
Maintain timely interaction with Department Heads to ensure that property operations are always on track and under control.
Preparation of monthly bank reconciliations and general ledger account reconciliations for properties as necessary.
Participate in revenue/yield management strategy meetings.
Compliance with the company\'s Accounting Policies and Procedures and internal controls for our finance and accounting operations.
Effectively manage and communicate issues related to managing receivables, payables, daily cash balances, and timely deposits of all funds.
Monitor hotel revenues and expenses to ensure accurate recording by the company\'s established guidelines. Advise Department Heads in maintaining the company\'s financial objectives.
Investigate and critique variances to budget/forecast or the prior year and offer practical improvement methodologies to management.
Assist with hiring, training, supervision, and development of staff, including coaching, counselling and discipline.
Assist with Internal/External/Sales Tax audits as required.
Participate as an active member of the management team.
Preparation of any special reports, statements, etc., as requested.
Other special projects and responsibilities as assigned.
Extended hours are sometimes required.
Qualifications
Bachelor\'s Degree, preferably in Accounting or Finance.
3-5 years previous experience as Hotel Director of Finance/Controller
Strong PC skills including Excel, Word and financial accounting systems.
Strong organizational skills, analytical skills, and verbal and written communication skills.
Full general ledger experience and month end closing experience is preferred
Ability to communicate effectively.
Ability to work under pressure.
Exceptional organizational skills.
Ability to meet deadlines
Relocation provided If needed.
Compensation
Base pay range:
$140,000.00/yr - $150,000.00/yr
Range information provided by Millennium Hotels and Resorts. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Seniority level
Director
Employment type
Full-time
Job function
Accounting/Auditing, Finance, and Management
Industries
Hospitality, Hotels and Motels, and Accounting
Referrals increase your chances of interviewing at Millennium Hotels and Resorts by 2x
Inferred from the description for this job Chicago, IL $140,000 - $180,000 1 month ago
Chicago, IL $197,000 - $392,000 4 weeks ago
Divisional Controller and Head of Finance
Chicago, IL $181,000 - $205,000 1 week ago
Greater Chicago Area $150,000 - $200,000 1 week ago
Downers Grove, IL $170,000 - $220,000 1 week ago
Chicago, IL $200,000 - $250,000 4 days ago
Greater Chicago Area $175,000 - $205,000 3 weeks ago
Director, CFO Services (OPEN TO ALL US LOCATIONS)
Chicago, IL $150,000 - $225,000 6 days ago
We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr