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Posted: Sunday, February 25, 2018 12:10 AM

Job Description
The CFO will be responsible for all financial activities of the Hotel Management Company. This includes overseeing all financial reporting, monthly closings, consolidations, GAAP compliance, implementing new pronouncements and tax compliance. Experience in each of the companys operating segments is a plus, but a knowledge of commercial real estate accounting, finance and hotels is essential. Maintaining internal controls and integrity in financial reporting are paramount.
Responsibilities and Duties
xF0B7; Manage the accounting operations of the organization, as well as cash and risk management, along with supervising all accounting staff.
xF0B7; Create an organizational structure within the accounting department to facilitate the achievement of the companys short:term goals and long:term objectives.
xF0B7; Oversee staff preparation of monthly and quarterly financial reports and work:papers. Additionally, provide guidance and issue resolution in monthly financial reporting.
xF0B7; Build and enhance a strong accounting and finance team that provides proactive support and execution of responsibilities supporting the current and future needs of the business.
xF0B7; Mentor and manage the financial and accounting departments which includes employee engagement and professional development.
xF0B7; Compile and Analyze Financial Reporting Package for the hotels and the Company.
xF0B7; Assure adherence to internal controls, internal auditing and financial oversight.
xF0B7; Oversee the bidding and procurement of Property, Liability, and Health insurance.
xF0B7; Manage 401 (k) plan.
xF0B7; Manage banking relationships for the company and at the property level.
xF0B7; Assure the accuracy and timeliness of the organizations financial results and reports.
xF0B7; Assure financial reports comply with current accounting principles and financial reporting standards.
xF0B7; Recommend benchmarks for the measurement of company financial performance goals.
xF0B7; Comply with all local, state, and federal tax filings and reporting requirements.
xF0B7; Maintain a system of controls over all transactions.
xF0B7; Ensure sound management of company assets by creating checks and balances on all financial data.
xF0B7; Set achievable financial targets and establish policies, practices and programs to measure performances of all types against strategies and operating objectives.
xF0B7; Prepare financial projections and forecasting models.
xF0B7; Interact and provide financial analysis and forecasting directly to owner groups.
xF0B7; Manage cash flow for hotels under management contracts.
xF0B7; Oversee technology efforts for the company and the assets under management contract.
xF0B7; Oversee takeover and sale of any hotel assets.
xF0B7; Interact, where applicable, with lenders and provide approved information.
xF0B7; Review contracts, leases, and other agreements to ensure compliance with appropriate governing documents including loan agreements, management contracts, etc.
Qualifications and Skills
Knowledge of GAAP, including accounting for deferred taxes, pensions, business acquisitions, lease accounting, cash flow statements, and consolidations are essential. The candidate should have a minimum of 10 years experience, preferably beginning in public accounting and progressing to a senior manager, corporate controller or CFO of a smaller operation. A CPA or MBA is preferred.
Key Requirements
xF0B7; A willingness and ability to lead by example.
xF0B7; The ability to function effectively and calmly under pressure; proactive/self:starter while recognizing when discussion and approval by CEO and/or COO is
xF0B7; The ability to address shifting priorities; flexible and adaptable while advocating recommendations and providing alternatives; willing and capable of engaging in thoughtful, spirited debate.
xF0B7; An ability to produce results with minimal


• Location: Chicago

• Post ID: 90453752 chicago is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018