Job Summary
Property Name
Embassy Suites Chicago - North Shore/Deerfield
Job Title
Assistant Controller
Location
Illinois-Chicago
Company Name
City
Deerfield
Work Permit
No
Management Position
Yes
Accommodation
No
Industry
Hotel/Resort
Position Categories
Accounting/Finance
Assistant Controller
Corporate Overview
An all-suite hotel in Deerfield, IL near the North Shore, the Embassy Suites Chicago - North Shore/Deerfield hotel is ideally located for travelers wanting first rate room accommodations and guest services close to the excitement of The Windy City. Our Deerfield, IL hotel brings urban flair to the Chicago North Shore suburbs and offers a central location for visitors to the city. The Embassy Suites in Deerfield is a premier option for all suite hotels near the North Shore.
Job Description
Mission:
Play an ongoing role in the creation, execution and refinement of profitable financial strategies designed to maximize opportunities for Embassy Suites Deerfield, while also ensuring excellence in the Company's day-to-day financial accounting, reporting, analytical and planning functions, as well as the integration of best practices.
Mission-Critical Objectives:
* Provide clear leadership and direction to the staff accountant while ensuring that the department's work objectives are achieved on an ongoing basis.
* Along with the Director of Finance, create an accountable, communicative, team-oriented environment such that the operations and accounting teams are striving to achieve and exceed expectations.
* Perform in a manner fully aligned with DH&R's core values and overall strategic objectives.
* Communicate and work effectively with other department managers across various functional lines to build and maintain productive relationships.
* Perform all of the above with the highest standard of excellence and integrity.
DUTIES AND RESPONSIBILITIES
Financial Reporting:
Complete the month end financial statement closing procedures. This includes overseeing timely daily revenue postings, updating A/P and A/R entries, and producing all G/L journal entries necessary to produce timely and accurate monthly financial statements.
Oversee month end inventory calculation and ensure its accuracy.
On a monthly basis, reconcile all balance sheet accounts and resolve differences as necessary. Train the staff accountant on various balance sheet reconciliations.
Along with the staff accountant, ensure the monthly hotel sales and use tax returns are filed accurately and timely.
Along with the staff accountant, ensure cash (including credit card deposits) is being reconciled on a daily basis.
Ensure staff accountant is thoroughly trained in properly recording their specific areas of responsibility in the property's chart of accounts and back office system.
Lead the assessment and implementation of new financial policies and procedures.
Lead the assessment and implementation of financial controls necessary to safeguard the property's assets.
Attend daily and weekly meetings, as required by the GM and/or Director of Finance, and act as the management representative from the Accounting Department.
In the first year, work closely with the Director of Finance, General Manager and operations team to prepare the monthly operating forecasts. In the second year, take the initiative to lead the monthly forecasting process for the property.
Assist Director of Finance in making specific recommendations that will result in revenue enhancement, cost reductions and/or profit improvement and benefit to the Hotel overall. Conduct related analyses as necessary.
In the first year, work closely with the Director of Finance, General Manager and operations team to prepare the property operating budgets, capital budgets, and business plans and ensure timely completion in accordance with the Hotel Management Agreement. In the second year, take the initiative to lead the process of completing the property operating budgets, capital budgets, and business plans.
Initially, assist the Director of Finance with cash flow forecasting by providing accurate, daily information regarding cash. Within 6 months, take the initiative to take-over the cash flow forecasting process and ensure that any cash needs are communicated to the Director of Finance and General Manager on a monthly basis, in advance.
Liaise with the Corporate Project Manager responsible for capital budgeting and the Director of Finance to ensure everything is being tracked properly as well as to ensure the expected timing of expenditures are aligned with cash flow availability. Review the appropriate Capex schedules and assist with the compilation of same if required.
Interface actively with all departments of the Resort to identify areas for revenue enhancement, cost savings, process improvement, improved communication flow and/or necessity for documentation of policies/procedures.
Staff, Training and Job Knowledge:
Ensure full knowledge of all job responsibilities of the staff accountant enabling proper training and support in the areas of accounts receivable, accounts payable, income audit, payroll, and general cashier.
Be willing to perform the tasks of the staff accountant in the cas...
Play an ongoing role in the creation, execution and refinement of profitable financial strategies designed to maximize opportunities for Embassy Suites Deerfield, while also ensuring excellence in the Company's day-to-day financial accounting, reporting, analytical and planning functions, as well as the integration of best practices.
Mission-Critical Objectives:
* Provide clear leadership and direction to the staff accountant while ensuring that the department's work objectives are achieved on an ongoing basis.
* Along with the Director of Finance, create an accountable, communicative, team-oriented environment such that the operations and accounting teams are striving to achieve and exceed expectations.
* Perform in a manner fully aligned with DH&R's core values and overall strategic objectives.
* Communicate and work effectively with other department managers across various functional lines to build and maintain productive relationships.
* Perform all of the above with the highest standard of excellence and integrity.
DUTIES AND RESPONSIBILITIES
Financial Reporting:
Complete the month end financial statement closing procedures. This includes overseeing timely daily revenue postings, updating A/P and A/R entries, and producing all G/L journal entries necessary to produce timely and accurate monthly financial statements.
Oversee month end inventory calculation and ensure its accuracy.
On a monthly basis, reconcile all balance sheet accounts and resolve differences as necessary. Train the staff accountant on various balance sheet reconciliations.
Along with the staff accountant, ensure the monthly hotel sales and use tax returns are filed accurately and timely.
Along with the staff accountant, ensure cash (including credit card deposits) is being reconciled on a daily basis.
Ensure staff accountant is thoroughly trained in properly recording their specific areas of responsibility in the property's chart of accounts and back office system.
Lead the assessment and implementation of new financial policies and procedures.
Lead the assessment and implementation of financial controls necessary to safeguard the property's assets.
Attend daily and weekly meetings, as required by the GM and/or Director of Finance, and act as the management representative from the Accounting Department.
In the first year, work closely with the Director of Finance, General Manager and operations team to prepare the monthly operating forecasts. In the second year, take the initiative to lead the monthly forecasting process for the property.
Assist Director of Finance in making specific recommendations that will result in revenue enhancement, cost reductions and/or profit improvement and benefit to the Hotel overall. Conduct related analyses as necessary.
In the first year, work closely with the Director of Finance, General Manager and operations team to prepare the property operating budgets, capital budgets, and business plans and ensure timely completion in accordance with the Hotel Management Agreement. In the second year, take the initiative to lead the process of completing the property operating budgets, capital budgets, and business plans.
Initially, assist the Director of Finance with cash flow forecasting by providing accurate, daily information regarding cash. Within 6 months, take the initiative to take-over the cash flow forecasting process and ensure that any cash needs are communicated to the Director of Finance and General Manager on a monthly basis, in advance.
Liaise with the Corporate Project Manager responsible for capital budgeting and the Director of Finance to ensure everything is being tracked properly as well as to ensure the expected timing of expenditures are aligned with cash flow availability. Review the appropriate Capex schedules and assist with the compilation of same if required.
Interface actively with all departments of the Resort to identify areas for revenue enhancement, cost savings, process improvement, improved communication flow and/or necessity for documentation of policies/procedures.
Staff, Training and Job Knowledge:
Ensure full knowledge of all job responsibilities of the staff accountant enabling proper training and support in the areas of accounts receivable, accounts payable, income audit, payroll, and general cashier.
Be willing to perform the tasks of the staff accountant in the cas...