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Education & Experience: A minimum of 15 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 10 years of related progressive experience; or a 2-year college degree and a minimum of 12 years of related progressive experience. Ensure hotels are in compliance with hotel and accounting policies and procedures, legal requirements and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing and security procedures to ensure deviations are brought to the attention of the General Manager and appropriate regional management and to protect the hotel's assets.

At Crescent Hotels & Resorts, we are a team of hospitality professionals that are deeply connected to & proud of the exceptional experiences we provide for our guests. More than that, we know our Associates are the shining stars of what we do!We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. Whether it be our health & wellness programs, best in class learning and development or our travel discounts that ‘feed your inner explorer’, we work hard to create and deliver on what YOU need. We are ready for you to start your journey with us where You Belong. We Care. Shine Bright.We are committed to providing you with:<ul><li>Excellent total compensation package</li><li>Operational incentive plan eligibility</li><li>An exceptional benefit plan for eligible associates & your family members</li><li>401K matching program for eligible associates</li><li>Discounts with our Crescent managed properties in North America for you & your family members</li></ul> The EVP of Hotel Finance is responsible for directing the efforts of the Hotel Finance Division, while working in conjunction with other hotel operation divisions.  Additionally, the EVP of Hotel Finance is responsible for implementing, directing and evaluating a sound infrastructure to ensure that the financial operations and activities of hotels directly under their report are conducted in compliance with applicable policies, standards and procedures.  The work includes the timely and successful implementation of automated accounting systems and the re-engineering of existing ways of doing business to facilitate improvement in productivity and key financial indicators (i.e. EBITDA).  This position serves as the key conduit for corporate/hotel/ownership communications with regards to financial matters.DUTIES & FUNCTIONSEssential:<ul><li>For all direct report and their respective regions of hotels, establish, coordinate and administer an adequate plan for the control of operations.  This plan would provide profit planning, sales forecasts, expense budgets, capital requirement/needs, cost standards and the necessary procedures for effecting the plan.</li><li>Ensure that all hotels formulate local accounting policy, coordinate systems and procedures and prepare operating data and special reports as required to compare performance with operating plans and standards and to report and interpret the results of operations to all levels of management and ownership (where applicable) to ensure timely information is provided in order to maximize profits.</li><li>Act as a financial consultant to Hotel Finance, Operations, Commercial and P&C teams.  Provide information on the financial impact of business decisions for all segments of management responsible for policy or action concerning any phase of the business that relates to attainment of objectives, effectiveness of policies and organization structure and procedures.</li><li>Be involved in tax audits and assist in coordinating the responses to governmental agencies for the properties directly assigned to them, when necessary.</li><li>Ensure hotels are in compliance with hotel and accounting policies and procedures, legal requirements and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing and security procedures to ensure deviations are brought to the attention of the General Manager and appropriate regional management and to protect the hotel's assets.</li><li>Continue to mentor and train member of the Hotel Finance team, as well as be involved in the recruitment of new team members as needed.  Conduct performance and salary reviews, resolve problems and provide open communication vehicles and discipline and terminate as appropriate.</li><li>Fiduciary responsibility to Crescent and Ownership. </li><li>Approach all encounters with employees in an attentive, friendly, courteous and service-oriented manner.</li><li>Maintain regular meeting attendance in compliance with Crescent standards, as required by scheduling which will vary according to the needs of the hotel.</li><li>Maintain high standards of personal appearance and grooming, which include wearing the proper attire when working, especially in the field.</li><li>Comply at all times with Crescent standards and regulations to encourage safe and efficient hotel operations.</li><li>Maintain a warm and friendly demeanor at all times.</li><li>Employees must, at all times, be attentive, friendly, helpful, and courteous to all guests, managers, and fellow associates.</li><li>Plan and promote synergy and effective pooling of resources among Crescent hotels to form an integrated system of financial management which collectively focuses on achieving hotels and company objectives and maximizing profitability.</li><li>Supervise SVP’s of Hotel Finance and Regional Directors of Finance that are directly assigned.  Assist them in managing various financial related tasks.</li><li>Ensure that all team members complete the required property visit reports for their respective properties.  A minimum of two financial review exercises per year per hotel is required.  The results of the on-site financial/operational analyses should be structured to provide feedback and identify potential profit and/or control weaknesses.</li><li>Ensure compliance with Crescent internal controls as per established procedures, and interface with the Internal Audit department and corrective action plans are put in place to remediate all deficiencies identified at the properties.</li><li>Establish, implement, enforce and evaluate policies and procedures designed to achieve company, operational goals, and legal requirements.</li><li>Ensure cost-effectiveness of resource (staffing) utilization, and the quality and quantity of services provided.</li><li>Ensure that corporate-mandated policies, procedures, directives, and decisions are communicated fully and objectively to assigned hotels.</li><li>Direct and assist the timely implementation of new automated financial systems and practices at assigned hotels.</li><li>Assist the Chief Operating Officer in overseeing the development of a viable action plan(s) to establish timeliness, and address issues such as staffing and training requirements, reengineering of work, hardware/software needs, integration of new standards/procedures, maintaining operational continuity and related transition activities.</li><li>Ensure that the receivables due to Crescent are prompt and current.</li><li>Review and monitor hotels’ annual plans for deviations from approved plans.  Communicate with the President of Corp. Services & CFO all significant deviations from business plan(s) and recommend proper disposition of actions.</li><li>Ensure the monitoring of hotels’ revenues/expenses and ensure the accurate recording as per Crescent established guidelines.</li><li>Ensure the monitoring of the capital planning process by assisting management with calculation of return on capital improvements and ensure proper controls per Crescent procedures and Owners’ expectations and requirements.</li><li>Ensure all hotels are in compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. </li><li>Continually focus on training and development programs for accounting associates to cultivate the “brightest” and “best” talent within the industry.</li><li>Ensure coordination with COO on all communication with ownership regarding financial issues such as actual results, budgets, forecasts, cash-flow and capital recommendations.</li><li>Direct and ensure the adherence to the timely completion of the various due dates for their RDOF’s and the properties directly assigned to them:</li></ul>QUALIFICATION STANDARDSEducation & Experience:<ul><li>A minimum of 15 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 10 years of related progressive experience; or a 2-year college degree and a minimum of 12 years of related progressive experience.</li><li>Must be proficient in Windows, Excel, Word for Windows and PowerPoint.</li><li>Proficiency in one or more back-office and front-office systems is recommended.</li></ul>

Crescent Hotels & Resorts LLC

Executive Vice President of Hotel Finance

Accounting

Accounting Policies

Accounting Software

Accounts Receivable

Budgeting

Business Plan

Capital Budgeting

Capital Expenditure (CAPEX)

Cash Flow

Communication Skills

Compensation and Benefits

Contract Requirements

Corporate Policies

Corrective Action

Cost Effectiveness Analysis

Expense Tracking

Fiduciary

Finance

Financial Analysis

Financial Management

Financial Operations

Financial Planning

Financial Systems

Forecasting

Hardware-Software Integration

Head of Finance

Incentive Programs

Internal Audit

Legal

Maintain Compliance

Mentoring

Microsoft Excel

Microsoft PowerPoint

Microsoft Windows Operating System

Microsoft Word

Operations Control

Operations Planning

Operations Processes

Policy Development

Policy Evaluation

Problem Solving Skills

Procedure Development

Process Improvement

Process Management

Productivity Management

Profit & Loss

Property Management

QoS (Quality of Service)

Reengineering

Regulations

Regulatory Compliance

Regulatory Requirements

Return on Capital (ROC)

Sales Forecasting

Security Auditing

Systems Engineering

Time Management

Training Program

Training/Teaching

For applicants who will be working in New York, the anticipated compensation range for the position is $100-120k; for applicants who will be working in NYC, the anticipated compensation range for the position is $100-120k; for applicants who will be working in Colorado, the anticipated compensation range for the position is $100-120k; for applicants who will be working in Washington, the anticipated compensation range is $100-120k; for applicants who will be working in California, the anticipated compensation range for the position is $100-120k. A minimum of 8 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.

YEAR

Crescent Hotels & Resorts is seeking a dynamic, results-driven Director of Finance to join our Task Force team in providing strategic financial leadership across a diverse portfolio of hotels nationwide. This role is responsible for overseeing financial operations, protecting hotel assets, and ensuring accurate and timely financial reporting in accordance with GAAP and Crescent standards.The ideal candidate brings strong operational finance expertise, adaptability, and the ability to thrive in fast-paced hospitality environments.This position is remote eligible within the United States, with regular travel required. Candidates must reside near a major airport and be comfortable traveling as needed to support assigned properties.The Crescent portfolio is comprised of full-service premium branded hotels within the Marriott, Hilton, Hyatt and IHG brands.We understand what it takes to be a part of something great. We will encourage you to bring your true self to work every day, we will celebrate you and we will cheer you on as you shine bright in your career journey. Whether it be our health & wellness programs, best in class learning and development or our travel discounts that ‘feed your inner explorer’, we work hard to create and deliver on what YOU need.  We are ready for you to start your journey with us where You Belong. We Care. Shine Bright. As the Director of Finance, you will be responsible for providing ethical and consistent leadership in the financial area of various hotels in the field by supplying management with guidance, training and support. The Director of Finance is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.We are committed to providing you with:<ul><li>Excellent compensation package with a salary range of $100k - $120k</li><li>Operational incentive plan eligibility</li><li>An exceptional benefit plan for eligible associates & your family members</li><li>401K matching program for eligible associates</li><li>Discounts with our Crescent managed properties in North America for you & your family members</li></ul> What you will be doing:<ul><li>Acts as the “Chief Business Officer” to the general manager and EC Team, and as such is responsible for evaluating the financial impact on business decisions.</li><li>Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.</li><li>Effectively manage and communicate cash flow related issues, as required to management and ownership.  This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.</li><li>Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Crescent Hotels and Resorts established guidelines.  Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.</li><li>Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.</li><li>Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.  Provide assistance to management in enforcing compliance on all these items.</li><li>Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.</li><li>Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.</li><li>Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.</li><li>Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.</li><li>Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting, reviewing, recommending and maintaining an inventory of qualified and promotable Associates that can potentially become Controllers, Assistant Controllers, Accounting Managers, and other managers for the organization.</li></ul> What we are looking for:<ul><li>A minimum of 8 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.</li><li>Proficient in financial and accounting procedures.</li><li>Fluency in English language (reading, writing, and speaking) is essential.</li></ul> For applicants who will be working in New York, the anticipated compensation range for the position is $100-120k; for applicants who will be working in NYC, the anticipated compensation range for the position is $100-120k; for applicants who will be working in Colorado, the anticipated compensation range for the position is $100-120k; for applicants who will be working in Washington, the anticipated compensation range is $100-120k; for applicants who will be working in California, the anticipated compensation range for the position is $100-120k. The salary offered to a successful candidate will be dependent on several factors that may include but are not limited to years of experience within the job, years of experience within the required industry, education, work location, etc. Crescent Hotels is a multi-state employer and the salary ranges indicated herein may not reflect positions that work only in other states.

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Executive Vice President of Hotel Finance Crescent Hotels & Resorts LLC

Director of Finance | Task Force Crescent Hotels & Resorts LLC

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