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Sage Hospitality Group Assistant Director, Finance at The Ritz-Carlton, Chicago in Chicago, Illinois

Why us?

Iconic architecture, a thriving culinary scene, beautifully landscaped public spaces and an array of museums are just part of what draws visitors to the Windy City. At The Ritz-Carlton, Chicago, a luxury hotel set atop Water Tower Place in the historic Gold Coast, guests will have every chance to explore the city, from shopping along Michigan Avenue to viewing famous works at the Art Institute. Yet with our hotel’s spa, rooftop lounge, locally inspired restaurant, indoor lap pool and spacious accommodations overlooking the city, guests may not want to leave the premises.

As a member of the Accounting team at The Ritz-Carlton, Chicago, you would play a pivotal part in the guest experience by protecting privacy, security, and the company’s confidential information and assets.

Recognized as “the gold standard” of hospitality, The Ritz-Carlton selects only the most passionate and skilled hospitality professionals. As one of our Ladies and Gentlemen, you will reflect the values that make us the world’s finest luxury brand. Here, in a diverse environment where individual aspirations are fulfilled and quality of life is enhanced, you will be inspired to work alongside your fellow employees to bring special moments to life for our guests and each other.

Job Overview

Supervise and coordinate the Accounting Operations in the hotel to ensure accurate, timely and consistent reporting in accordance with policies and procedures, Federal, State and local laws and regulations. Assist and support the Director of Finance in maintaining control over income, expenses and the assets and liabilities of the hotel. Position is responsible for the daily operation of Payroll, Accounts Receivable, Accounts Payable, Income Journal, General Cashiering, Taxes and internal controls. May recommend and implement operational changes.

Responsibilities

  • Supervise the Payroll, Accounts Payable, Accounts Receivable, Cashier and Night Audit employees; interview, recommend hiring, train, develop, empower, schedule, coach and counsel, recommend and conduct performance and salary reviews, resolve problems, provide open communications and recommend discipline and termination, as appropriate.

  • Supervise the daily accounting operations ensuring compliance with the SOPs and Federal, State and local laws and regulations.

  • Analyze and reconcile all general ledger accounts and bank statements to ensure financial information is available and accurate.

  • Prepare financial statements and reports to ensure accurate, timely information is available for management.

  • Assist in the compilation and preparation of the annual budget, forecasts, taxes and other financial reports to provide support thus ensuring accurate, timely information is available for management and owners.

  • Train, monitor and coordinate the implementation and maintenance of financial and cash controls and information flow throughout the other departments in the hotel to ensure compliance, accurate records and minimize liabilities, losses and expenses.

  • Resolve problems and ensure maintenance of the accounting systems and equipment to ensure smooth operations.

  • Analyze and be familiar with tenants, leases and rent reports and ensure hotel is in compliance with hotel leases and management contracts.

  • Has a fiduciary responsibility to company and management.

  • Assumes the responsibilities of the Director of Finance in his/her absence.

Qualifications

Education/Formal Training

A four-year college degree (accounting preferred) or equivalent education/experience.

Experience

One to two years of employment in hospitality management or hospitality accounting

Knowledge/Skills

  • Requires knowledge of all the functions performed by the subordinate reporting directly or indirectly to the Hotel Director of Finance.

  • Requires advanced knowledge of the accounting, finance and hospitality professions. Requires experiential knowledge for management of people and complex problems.

  • Requires ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.

  • Ability to make decisions guided by established policies and procedures.

  • Ability to communicate so as to provide information and services, supervisory skills.

  • In addition to these fundamental requirements, an Assistant Director of Finance must also be knowledgeable in the following areas: Office Management, Bank Reconciliations, Preparation of State and Federal Reports, Training of Accounting staff employees, Conducting or participating in meetings, Analysis of Balance Sheet Accounts, Preparation of Journal entries, closing the books and preparing the Balance, Sheet Package, Interviewing and evaluation of applicants as well as current employees

  • Excellent hearing required to train and deal with management, employees.

  • Excellent vision required to read reports, computer, etc.

  • Excellent speech communication skills required to train and deal with management, employees.

  • Excellent comprehension and literacy required for reports, computers, ledgers, etc.

Physical Demands

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Lifting, pushing, pulling, carrying - limited lifting, pushing, pulling or carrying up to 15-20 lbs. Generally boxes, computer equipment.

  • Limited bending/kneeling required when arranging supplies or equipment.

  • Mobility - limited, between offices and departments.

  • Infrequent continuous standing, climbing or driving required.

Environment

Work inside 95% of work period.

Benefits

Medical

Dental

Vision

Vacation

Sick Time

401K with company match

ID: 2022-14385

Position Type: Regular Full-Time

Property : The Ritz Carlton Chicago

Outlet: Not Applicable

Category: Finance & Accounting

Address : 160 E Pearson St

City : Chicago

State : Illinois

EOE Protected Veterans/Disability

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