Finance & Accounting | Controller

Overview

"IF YOU CREATE THE STAGE SETTING AND IT IS GRAND, EVERYONE WHO ENTERS WILL PLAY THEIR PART." - Morris Lapidus A spectacular blend of Golden Era glamour and modern luxury, Fontainebleau today reinvents the original vision of legendary architect Morris Lapidus - a stage where everyone plays their unique part. At Fontainebleau, striking design, contemporary art, music, fashion and technology merge into a vibrant new kind of guest experience. Guests are invited to enter a world where they are free to play, shop, dine, spa, meet or simply relax - however they define a perfect day. Situated on oceanfront Collins Avenue in the heart of Millionaire's Row, Fontainebleau Miami Beach is one of the most historically and architecturally significant hotels on Miami Beach. Opened in 1954 and designed by Morris Lapidus, it was the most luxurious hotel on Miami Beach, and is thought to be the most significant building of Lapidus' career.

Responsibilities

The Assistant Controller reports to the Executive Director of Finance & Accounting and is responsible for the accounting and financial control operations of the hotel's Food & Beverage division, to include the production of periodic financial reports, revenue audit, cost, and inventory analysis, maintenance of inventory and operational controls, enforcement of standard operating procedures, and a comprehensive set of controls and budgets designed to mitigate risk, safeguard access, enhance the accuracy of reported financial results, and ensure that reported results comply with generally accepted accounting principles.  Examples of Duties, includes but is not limited to the following:  

Maintain a documented system of accounting policies and procedures.

Manage outsourced functions.

Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives.

Oversee the accounting operations of subsidiary corporations, especially in their control systems, transaction-processing operations, and policies and procedures.

Ensure that accounts payable are paid in a timely manner.

Ensure that all reasonable discounts are taken on accounts payable.

Ensure that accounts receivable is collected promptly.

Process payroll in a timely manner.

Ensure that periodic bank reconciliations are completed.

Ensure that required debt payments are made on a timely basis.

Maintain chart of accounts, an orderly accounting filing system, and a system of controls over accounting transactions.

Audit daily F&B revenue across all outlets (restaurants, bars, lounges, banquets, in-room dining, and minibar) and reconcile POS reports to the general ledger.

Review voids, comps, discounts, complimentary checks, and adjustments for proper authorization and supporting documentation.

Reconcile cashier reports, over/short logs, and credit card settlements; investigate and resolve discrepancies.

Analyze variances between theoretical and actual cost of goods sold; investigate root causes and recommend corrective action.

Monitor inventory and purchasing activity.

Coordinate the preparation of the corporate annual report.

Qualifications

• Knowledge of accounting concepts, practices, and objectives, with specific experience in hotel or restaurant F&B operations.

• Working knowledge of POS systems (e.g., Micros/Simphony, Infogenesis), PMS Systems (e.g., Opera), and inventory/procurement platforms (e.g., Adaco, BirchStreet).
• Understanding of F&B cost controls, recipe costing, menu engineering, and revenue audit practices.
• Keep abreast of financial and accounting principles to include reporting and GAAP disclosure (CPA or MBA a plus but not required).
• Ability to read, write, and understand English.
• Excellent planning and communication skills.
• Current knowledge with regulations at the federal, state, and local levels.
• Ability to exercise sound judgment and independent decision-making skills.
• Strong analytical and organizational skills.
• Takes initiative and has high expectations of self and team.
• Ability to utilize spreadsheet and presentation software.
• Knowledge, understanding, and compliance of policies and procedures, job descriptions, daily memorandums, and other instructions.