Associate Director, Accounting Services

Job Description

Job Description

Loews Hotels & Co is a leading owner and operator of luxury hotels with a portfolio of hotels and resorts in the United States. 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.

Who We Are : Founded in 1960, Loews Hotels & Co operates iconic hotels and resorts across the U.S. Together, our diverse and welcoming teams craft exceptional experiences in iconic destinations.

Growth and belonging start here ; you'll be valued for who you are and the goals you have. Whether your next career chapter involves making memories for guests or supporting our properties in our Corporate Office, every role-from Guest Services to Finance, Culinary to IT-offers opportunities to grow and make a meaningful impact.

Creating a Team Member experience where you belong no matter what age, race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status that makes you, you is a daily focus for us.

What We Offer :

• Competitive health & wellness benefits, 401(k) & company match

• Paid Sick Days, Vacation, and Holidays, Paid Bereavement, Paid Pet Bereavement

• Training & Development opportunities, career growth

• Tuition Reimbursement

• Pet Insurance

• Team Member Hotel Rates, other discounts, perks and more

What We're Looking For:

The Associate Director, Accounting Services is responsible for directing the centralized accounting team of Loews Hotels servicing hotels across the United States and the corporate office. Provides leadership on all components of accounting services to include general ledgers, income reporting and audits, fixed assets, revenue taxes, month end closings, cash and bank account reconciliations, balance sheet account reconciliations, and compliance audits. Responsible for recording transactions in accordance with GAAP and delivering exceptional experience for key stakeholders and team members. Collaborates closely with Loews Hotels Corporate Office disciplines and all Loews Hotels entities to ensure compliance with internal controls, policies, and procedures. Provides input and feedback based on business flow to support brand and individual hotel strategies. Assists the Director to ensure the effectiveness and efficiency of the Accounting Services department in alignment with Brand Principles and Standards of Loews Hotels.

Who You Are:

• A relationship builder with a dynamic approach to developing connections

• A continually curious forward thinker who loves to find creative solutions

• Comfortable with taking the lead in a variety of settings

• Collaborator who excels in an exciting, ever-evolving environment

• A proven leader, able to advocate new ideas, set an example for co-workers, delegate responsibility, create training plans, empower associates to make sound decisions and provide constructive feedback to others

What You Will Do:

• Directs monthly bank reconciliations to ensure timeliness, compliance, and accuracy.

• Directs monthly balance sheet reconciliations to ensure timeliness, compliance, and accuracy.

• Communicates material adjustments of reported financial results to executive leadership.

• Conducts periodic balance sheet reviews with the Directors of Finance for each hotel location.

• Directs the month end close process to ensure timeliness, compliance, and accuracy.

• Directs the activities of the income audit and revenue recognition team to ensure timeliness, compliance and accuracy.

• Directs the activities of the fixed asset team to ensure the accurate reporting of capital spend, depreciation, and asset disposals.

• Directs the activities of the revenue tax team to ensure the timeliness and accuracy of tax filings.

• Assists the Director with creating or enhancing internal controls.

• Ensures internal controls are in place, adhered to, and monitored through monthly testing procedures.

• Coordinates due diligence requests and random testing activities for internal and external audits.

• Responsible for the hiring, onboarding and training of all departmental new hires.

• Responsible for the training of Hotel Directors of Finance on all responsibilities related to FSC Accounting Services.

• Maintains and updates training documentation as needed.

• Responsible for team member engagement and creating a positive work environment.

• Reports performance statistics and workflow metrics to executive management.

• Identifies opportunities and recommendations for improvement; Implements action plans.

• May be required to work varying schedules to reflect business needs.

• Required to attend all training sessions and meetings.

• Assists the Director in being accountable for labor and operating expense spend of the department in accordance with budgetary guidelines.

• Develops the leadership team in alignment with Loews Hotels standards and expectations.

• Maintains a positive, quality environment that positions Loews Hotels as the employer of choice in approved hiring markets; establishing policies and protocols collectively as a center.

• Other duties as assigned

Your Experience Includes:

• Written and Oral Communication - Speaks and writes clearly and informatively; Varies writing style to meet needs; Presents numerical data effectively; Able to read and interpret written information.

• Change Management - Communicates changes effectively; Builds commitment and overcomes resistance; Prepares and supports those affected by change; Monitors transition and evaluates results.

• Delegation - Delegates work assignments; Matches the responsibility to the person; Gives authority to work independently; Sets expectations and monitors delegated activities; Provides recognition for results.​

• 3-5 years of accounting experience required. Bachelor's Degree in Accounting, Finance or Business Administration preferred

• Strong understanding of GAAP and SOX Controls

Who You'll Supervise:

• Accounting Managers

• Senior Accountants

• Accountants

Loews Hotels & Co is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and pregnancy-related conditions), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, or any other characteristic protected by applicable federal, state or local laws and ordinances.