Description
At Crescent Hotels & Resorts, we are a team of hospitality professionals that are deeply connected to & proud of the exceptional experiences we provide for our guests. More than that, we know our Associates are the shining stars of what we do!
We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. Whether it be our health & wellness programs, best in class learning and development or our travel discounts that ‘feed your inner explorer', we work hard to create and deliver on what YOU need. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright.
We are committed to providing you with:
- An exceptional benefit plan for associates & family members including Medical, Dental, Vision, Short Term and Long Term Disability, Life Insurance, Flexible Spending Account
- 401K matching program
- Discounts with our Crescent managed properties in North America for you & your family members along with Hyatt Branded Hotel Associate Discounts
- Employee Assistance Program
What you will be doing:
Financial:
- Acts as the “Chief Business Officer” to the general manager and EC Team, responsible for evaluating the financial impact on business decisions.
- Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
- Effectively manage and communicate cash flow related issues, including preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
- Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Crescent Hotels and Resorts guidelines. Investigate variances to budget or prior year and offer practical improvement strategies.
- Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support, and evaluating scope of work and specifications.
- Ensure compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes.
- Coordinate the completion of forecasts and budgets as required, with participation of the Executive Committee Team and department managers.
- Analyze financial data and operations to assist management in maintaining financial objectives.
- Ensure that all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
- Establish and audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
- Embrace a continuous growth environment by hiring professional staff and maintaining an inventory of qualified Associates.
- Focus on training and development programs for finance associates.
- Hire, train, supervise and develop staff, including coaching and counseling.
- Maintain compliance with Crescent Hotels and Resorts standards and regulations.
- Ensure proper utilization, maintenance and periodic upgrades of all IT systems and equipment.
- Direct and/or prepare all financial reports in accordance with IHR requirements.
Daily:
- Review and submit a Daily Revenue Report.
- Ensure timely deposit of all cash and transmission of Credit Cards.
- Review Labor Report for overtime and variances to Forecast.
Weekly:
- Review departmental Checkbooks and advise of any needed changes.
- Distribute and discuss weekly G/L report with department managers.
- Update GM on any unfavorable financial issues impacting the month.
- Ensure sufficient cash to meet all scheduled obligations.
Monthly:
- Reconcile Balance Sheet with proper backup.
- Ensure all banks are counted.
- Count the main vault.
- Review “Key Financial Controls” Checklist for compliance.
- Review actual numbers to forecast to find discrepancies.
- Participate in the monthly Credit Meeting.
- Complete and review the forecast with Department Heads prior to submission.
Annual:
- Complete the Internal Control Questionnaire (ICQ) bi-annually.
- Conduct a surprise payroll audit bi-annually.
- Complete and review the annual budget with Department Heads prior to submission.
- Prepare analysis required by ownership and outside accounting firms.
- Conduct and/or attend periodic meetings to maintain favorable working relationships among employees.
- Ensure compliance with all report deadlines and due dates.
- Maximize efforts towards productivity and assist in problem-solving.
- Approach all encounters with guests and employees in a friendly and service-oriented manner.
- Maintain regular attendance in compliance with Crescent Hotels and Resorts standards.
- Maintain high standards of personal appearance and grooming.
- Comply with Crescent Hotels and Resorts standards and regulations.
Management:
- Participate in M.O.D. coverage as required.
- Attend meetings/training as required by management.
- Perform other duties as requested by management.
What is required:
Education & Experience:
- A minimum of 8 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related experience; or a 2-year college degree and a minimum of 6 years of related experience.
Physical Requirements:
- Long hours are sometimes required.
- Sedentary work, exerting up to 25 pounds of force occasionally.
Mental Requirements:
- Must convey information and ideas clearly.
- Must evaluate and select among alternative courses of action quickly and accurately.
- Must work well in stressful, high-pressure situations.
- Must maintain composure under pressure.
- Must handle problems effectively, including anticipating, preventing, identifying and solving them.
- Must assimilate complex information and data from disparate sources.
- Must effectively listen and clarify concerns raised by co-workers and guests.
- Must understand financial information and data, and basic arithmetic functions.
- Must prioritize departmental functions to meet deadlines.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees cannot disclose the pay of others unless the disclosure is (a) in response to a formal complaint, (b) in furtherance of an investigation, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Source: Crescent Hotels & Resorts
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