Executive Vice President of Hotel Finance

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:

• Excellent total compensation package
• Operational incentive plan eligibility
• An exceptional benefit plan for eligible associates & your family members
• 401K matching program for eligible associates
• Discounts with our Crescent managed properties in North America for you & your family members

 

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 & FUNCTIONS

Essential:

• 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.
• 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.
• 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.
• Be involved in tax audits and assist in coordinating the responses to governmental agencies for the properties directly assigned to them, when necessary.
• 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.
• 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.
• Fiduciary responsibility to Crescent and Ownership. 
• Approach all encounters with employees in an attentive, friendly, courteous and service-oriented manner.
• Maintain regular meeting attendance in compliance with Crescent standards, as required by scheduling which will vary according to the needs of the hotel.
• Maintain high standards of personal appearance and grooming, which include wearing the proper attire when working, especially in the field.
• Comply at all times with Crescent standards and regulations to encourage safe and efficient hotel operations.
• Maintain a warm and friendly demeanor at all times.
• Employees must, at all times, be attentive, friendly, helpful, and courteous to all guests, managers, and fellow associates.
• Plan and promote synergy and effective pooling of resources among Crescent hotels to form an integrated system of financial management which collectively focuse