Assistant Director, Finance

Rising gracefully above Millennium Park and Chicago’s impressive lakefront, Fairmont Chicago, Millennium Park is located conveniently near major cultural attractions, the city’s business and financial district and world-renowned shopping along the Magnificent Mile. With beautifully appointed, extraordinarily spacious guestrooms and spectacular suites, Fairmont Chicago, Millennium Park offers a superior and distinctive array of amenities and services, including phenomenal dining experiences, seasonal pop-ups and luxury event space.

The Assistant Director, Finance & Business Support provides critical leadership and support to the Director of Finance and broader management team, ensuring effective financial stewardship and business operations. This role is instrumental in delivering financial insights, supporting strategic business decisions, and fostering a collaborative culture of business and financial acumen across all departments.

Job Responsibilities: 

• Partner with the Director of Finance to provide financial leadership and strategic guidance to the General Manager, Executive Committee, and Department Heads to achieve optimal financial and operational performance.
• Collaborate with department leaders to interpret financial performance, analyze variances, and develop actionable plans to enhance profitability and efficiency.
• Support the preparation, analysis, and presentation of financial performance metrics, forecasts, budgets, and variance reports, providing clear insights and recommendations for improvement.
• Assist in the development and implementation of business strategies that align with financial objectives and support revenue growth, cost management, and operational excellence.
• Participate in the preparation and monitoring of annual budgets, capital expenditure plans, and rolling forecasts in collaboration with the Director of Finance and department heads.
• Promote the implementation of the GOP Theoretical Flow Through concept across departments to maximize profitability.
• Ensure compliance with all financial policies, contracts, and regulatory requirements, safeguarding company and owner interests.
• Prepare accurate and timely financial reports, including P&L statements, balance sheet analysis, and owner reporting, ensuring alignment with corporate standards.
• Manage cash flow and ensure appropriate approvals and documentation for financial transactions, rebates, and adjustments as per company policy.
• Support internal and external audit processes, ensuring timely responses and the implementation of corrective action plans when needed.
• Contribute to the development of financial knowledge among department leaders, fostering a culture of fiscal responsibility and accountability.
• Maintain up-to-date knowledge of best practices in financial management, recommending and implementing process improvements to enhance accuracy and efficiency.
• Assist in maintaining and safeguarding critical financial documents, contracts, and agreements, ensuring adherence to the Hotel Management Agreement and compliance with all local regulations.
• Assist with the day-to-day management of the Finance Department.
• Other duties, as assigned