Director of Finance & Business Support - InterContinental Chicago Magnificent Mile
Location: United States, Illinois, Chicago
Hotel: InterContinental - Chicago Magnificent Mile (ORDHA)
Job number: R181136
THE JEWEL OF CHICAGO'S MAGNIFICENT MILE
InterContinental Chicago is a lot like the city itself; historic but hip, refined but relaxed, cultured but comfortable. A member of Michigan Avenue's architectural elite since 1929, our hotel is within easy reach of Chicago's incomparable museums, stores, theatres and restaurants. Navy Pier, Shedd Aquarium and Oak Street Beach are minutes away.
The InterContinental Hotel Group owns, operates and franchise more than 9,000 hotels, 120 million stays per year in nearly 100 countries. Our people lie at the heart of our business - and by bringing your expertise and passion to IHG; you will help us to achieve our goal of creating Great Hotels Guest Love.
Your day to day
Direct the financial operations of the hotel to ensure the security of the assets of the company in a decentralized accounting environment.
- Manage receivables, payables, credit, payroll and cash handling functions with the accounting department. Implement and maintain acceptable accounting practices.
- Prepare financial analyses of hotel operations including variance explanation and make recommendations to ensure the achievement of business goals/targets.
- Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximize financial return. Highlight trends that are likely to shape the wants and needs of internal and external customers of the future; lead the organization in exploring business opportunities that create value for the customer while driving profit.
- Develop and implement financial control procedures and systems; ensure compliance to “internal Control Checkup”; maintain documents for audits of hotel accounts; ensure compliance with government regulations; federal, state and local laws; and contractual agreements. Independently comply with record retention requirements.
- Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
- Analyze ROI capital projects prior to committing funds and upon completion determine if anticipated results were achieved.
- Maximize cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances.
- Enforce, document and establish adequate controls for all revenue and expenses and protection of assets, and ensures controls will satisfy or improve the level of guest service.
- Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items.
- Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s.
- Ensure payments are made to IHG (All Fees and billings) as fast as possible.
- Serve as member of Executive Committee and work with other management personnel to establish hotel service standards to achieve maximum profitability and efficiency.
- Ensure all staff are properly trained and have the tools and equipment needed to effectively carry out their job functions.
- Promote teamwork and quality service through daily communication and coordination with other departments. Key departmental contacts include hotel department heads in all departments, and Regional Controller to obtain/provide information.
- Manage day-to-day operations and assignments of hotel Accounting staff, plan and organize work, communicate goals, and schedule/assign work. Advise staff of formal policies and procedures, identifying options and resolving issues. Recommend and/or initiate salary, disciplinary, or other staffing-related actions in accordance with company rules and policies. Alert management of potentially serious issues.
- Distribute outlook and forecast information as an up to date management tool for operating departments.
- Conduct daily pre-shift meetings and departmental communication meetings.
- May perform additional accounting management duties such as negotiating hotel space and tenant leases; processing payroll in a decentralized environment; performing asset management duties; providing forecasting and business projections, displacement analysis, preparing government reports, filing tax returns, etc. as needed or requested.
- May assist with other duties as assigned.
What we need from you
This is the top Accounting job in a large full service luxury hotel. Supervises clerical accounting employees in a full range of functions such as Accounts Payable, Accounts Receivable, Credit/Collections, Purchasing, Audit, Payroll, and/or Accounting Operations.
Minimum: Bachelor’s degree in Accounting, Finance or equivalent and 4-8 years in hotel accounting or audit with at least one year in an Assistant Controller or similar supervisory role, or an equivalent combination of education and work-related experience. CPA preferred. Must speak fluent English. Other languages preferred.
- Mathematical skills, including basic math, budgeting, profit/loss concepts, percentages, and variances are utilized frequently.
- Problem solving, reasoning, motivating, organizational and training abilities are used often.
- Reading abilities are used often in reviewing financial analyses, budgets, and other related reports. Writing abilities are used in compiling these financial reports, as well as to document.
- May be required to work nights, weekends, and/or holidays.
What we offer
At IHG we employ people who apply the same amount of care and passion to their jobs as they do their hobbies - people who put our guests at the heart of everything they do.
And we're looking for more people like this to join our friendly and professional team. In return we'll give you a competitive financial and benefits package which may include healthcare support, dental, vision, disability and life insurance support, and a matching 401k plan.
Hotel discounts worldwide are available as well as access to a wide variety of discount programs and the chance to work with a great team of people. Most importantly, we'll give you the room to be yourself.
So what's your passion? Do you see yourself as a Director of Finance & Business Support? Please get in touch and tell us how you could bring your individual skills to IHG.
IHG is an equal opportunity employer: Minorities / Females / Disabled / Veterans.