The purpose of this position is to provide consistent leadership in the financial area of the hotel by providing management with guidance and training in terms of: focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and The London West Hollywood Standard Operating Procedures; and safeguarding owners/investors assets.

• Embrace and utilize the philosophies of the London West Hollywood when dealing with guests and team members. These philosophies include a friendly, service-oriented outlook and maintaining high standards of personal appearance and grooming.
  
  • Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
  • Monitor hotel revenues and expenses and ensure the accurate recording in accordance with The London West Hollywood established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
  • Monitor the capital planning process by assisting management with the calculation of return on capital improvements, gathering support and monitoring the bid process, and ensuring proper upkeep of the property by evaluating scope of work and specifications.
  • 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.
  • Analyze financial data and operations in order to assist and advise management in maintaining the hotels' financial objectives.
  • Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.
  • Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
  • Continually focus on training and development programs for the Accounting team members to cultivate the brightest and best talent within the industry.
  • Hire, train, supervise and develop staff, including coaching, counseling and corrective action.
  • Ensure the proper utilization, maintenance and periodic upgrades of all equipment.
  • Directs or prepares all financial reports in accordance with London West Hollywood requirements meeting various due dates and deadlines.
  • Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships among team members and promote maximum morale, productivity, and efficiency.
  • Monitor hotels' compliance in meeting required report deadlines and due dates and react accordingly.