Sage Hospitality Resources Assistant Director of Finance in Chicago, Illinois
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.
Recognized as “the gold standard” of hospitality, The Ritz-Carlton selects only the most passionate and skilled hospitality professionals. And 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.
Assistant Director of Finance
Ritz Carlton Chicago
We are proud to be an EEO/AA employer M/F/Disabled/Veterans. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
The Assistant Director of Finance helps manage the hotels finances. Supports all areas in finance including payroll, budgeting, AP/AR, forecasting and relevant duties. Demonstrates excellent leadership skills and provides accurate and timely financial reports as requested by leadership and corporate. Implements internal control procedures that safeguard leaders, owner, assets and complies with Federal, State and Local regulations. Reporting to the Controller, this position may assume the duties of the Controller in their absence.
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.
Dealing with Ambiguity
Can effectively cope with change; can shift gears comfortably; can decide and act without having the total picture; isn’t upset when things are up in the air; doesn’t have to finish things before moving on; can comfortably handle risk and uncertainty.
Is cool under pressure; does not become defensive or irritated when times are tough; is considered mature; can be counted on to hold things together during tough times; can handle stress; is not knocked off balance by the unexpected; doesn’t show frustration when resisted or blocked; is a settling influence in a crisis.
Relates well to all kinds of people – up, down, and sideways, inside and outside the organization; builds constructive and effective relationships; uses diplomacy and tact; can defuse even high-tension situations comfortably.
Building Effective Teams
Blends people into teams when needed; creates strong morale and spirit in his/her team; shares wins and successes; fosters open dialogue; lets people finish and be responsible for their work; creates a feeling of belonging in the team.
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 associates, 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 associates
Excellent hearing required to train and deal with management, associates.
Excellent vision required to read reports, computer, etc.
Excellent speech communication skills required to train and deal with management, associates.
Excellent comprehension and literacy required for reports, computers, ledgers, etc.
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.
A four year college degree (accounting preferred) or equivalent education/experience.
One to two years of employment in hospitality management or hospitality accounting
Computers, 10 key calculator, phones (95-100% of work period).
Work inside 95% of work period.
Full Time - Regular