Vice President, Hotel Finance

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POST DATE 8/13/2016
END DATE 10/14/2016

Loews Hotels & Resorts New York, NY

New York, NY
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #
Entry Level (0 - 2 years)


Loews Hotels is a leading owner and operator of luxury hotels with three distinct brands: Loews Hotels & Resorts, Loews Regency and OE Collection. The portfolio consists of 25 hotels and resorts in the United States and Canada as well as two new-build properties in development, and plans to continue growing significantly over the next few years. Located in major city centers and resort destinations from coast to coast, the Loews portfolio features one-of-a-kind properties that go beyond Four Diamond standards and embrace their uniquely local community in order to curate exciting, approachable and local travel experiences for guests. Loews Hotels is seeking a Vice President of Finance to join the team. The VP of Finance will work closely with Home Office, Regional and Property Finance leadership to improve and enable the delivery of accurate and timely hotel financial reporting. More specifically, responsibilities include: Create, coordinate and execute financial reporting SOPs and ensure properly designed controls are operating effectively in hotels as defined by SOPs Enhance close process to leverage technology and increase compliance with SOPs Partner with operational internal audit to ensure SOPs are up-to-date and reflective of current process and control environment. Communicate changes properly and create/execute action plans to resolve issues are reviewed for system level issues for broader resolution. Lead hotel stand-alone audit process with external auditors and coordinated with corporate accounting team on technical matters and field finance Proactively design reports that fulfill business reporting needs including appropriate variance analysis to reduce ad hoc reporting and move towards reports designed to accomplish business needs Present to CFO/SVP Controller succinct hotel-level operating results Partner with VP of Strategic Planning to coordinate preparation of budgets and monitor forecasts by hotels, adhering to necessary schedules and reporting timeframes to meet the requirements of senior leadership and parent company Coordinate reports and schedules necessary for the annual budget process, including property presentations, reports and directions for the hotels and other business units that enable a seamless budget process Oversee programs and act as corporate contact in certain key, third party relationships including: credit card processing companies to provide card payment services to hotels; corporate travel programs; hotel treasury functions for hotel operating accounts Serve as the finance point person in performing and reviewing targets and coordinating contract reviews to ensure issues are identified and economics are modeled appropriately Coordinate with the shared services team on labor management systems and vendor relationships Oversee monthly hotel financial reporting activities leveraging the Regional DOFs and corporate analytics staff Oversee costs allocated to the hotels including budgeting, forecasting and actual analysis related to areas such as: group loyalty programs, IT, marketing, benefits, etc Other duties as assigned by SVP, Corporate Controller