DUTIES AND RESPONSIBILITIES
· Review financial performance of assigned area cluster and its individual hotels, analysis of variances, forecasts and budgets. Coordinate budget issues with appropriate hotel and management staff; manage issues related to hotels’ forecasting. Challenge existing strategies and/or recommend alternate strategies to continually improve effectiveness of the business and/or financial management.
· Participate with hotel management staff in the development of business plans, financial policies, operating and capital budgets and standardization of hotel processes for all hotels in assigned area.
· Oversee financial administration activities and standard reporting including internal and hotel audits, working capital reporting, period end reporting packages, annual statement of operations and management agreement synopsis.
· Provide direction and support to the Finance and Accounting team on balance sheet review, hotel audits, P&L reviews, technical accounting, and financial analysis.
· Analyze and monitor performance of assigned area through benchmarking, flow through and analyses of key indicators to ensure returns are maximized.
· Manage financial and control issues and their impact to key stakeholders. Support hotels, management and external owners with routine financial issues, escalating complex or sensitive items to regional management for resolution.
· Review and monitor the area’s cash flow projections, and hotel and IHG receivables.
· Ensure the finance departments in hotels are set-up in accordance with local law and uniform system of accounts to ensure uniformity throughout the area, and to safeguard assets and returns and minimize risks. Review Internal Audit reports and progress through hotel visits to ensure maximum internal controls are in place. Provide Sarbanes-Oxley (SOX) support for internal controls and ensure compliance of SOX requirements and other applicable regulations within the hotels in the area.
https://careers.ihg.com/en/job-details/?jobref=Area+Director+Finance%7cUS%7c168479#176573
This job listing was provided by Hospitality Job Vacancies. To apply, please use the link in the job description.
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