Roscoe, Illinois, United States
Hospitality accounting professional with over thirty years of progressive hands on management experience. Servant Leader of accounting teams through participative collaboration using interpersonal and communication skills to motivate high quality productivity and company goals achievement. Manager of assets, projects, policies, and procedures through Continuous Improvement, ensuring compliance with all regulatory requirements and achieving continual profitability growth in an efficient, effective, and timely manner. Trainer, Mentor, and Coach of Team Members, inspiring successful professional growth and development, resulting in increased team members’ satisfaction, morale and engagement. Proactive change manager improving business processes to accelerate organizational performance through: transitions, brand conversions, expansions, acquisitions and divestment of assets, thriving in dynamic entrepreneurial, changing, and growing environments.
* Effectively manage and communicate cash flow related issues to management and ownership. * Coordinate the completion of forecasts and budgets with the participation of the Executive Team and department managers. * Analyze financial data and operations to advise management on maintaining financial objectives. * Ensure timely reconciliation of balance sheet accounts. * Establish and audit internal financial controls, including purchasing, cash handling, payroll, and records. * Prepare financial reports according to company requirements and deadlines. * Ensure compliance with regulatory licenses, permits, contracts, and operational taxes.
Provided hotel ownership and hotel management companies with short- and long-term Accounting Services and Consulting for start-up, receivership, transitional, opening, reopening and project needs resulting in: • Increased Profits • Increased Revenues • Increased Productivity • Reduced Cost Serving in various interim and task force roles such as: • Corporate Controller • Director of Accounting • Corporate Director of Finance • Director of Finance • Corporate Accounting Manager • Controller Provided: • Accounting and Finance personnel recruitment, training, assessment, mentoring and coaching. • Budget, Forecast, and Cash Flow development and management. • Financial Modeling. • Labor Cost management. • Financial Statements Preparation. • Financial Performance Analysis. • Strategic and Tactical Recommendations for improvement.
• Build a corporate accounting department to serve the three newly created companies in the group. • Recruited, developed, lead and managed a diverse team of accounting professionals. • Developed, established, and continuously updated Accounting Standard Operating Guidelines, Policies, and Procedures to ensure accurate and timely financial statements and reports. • Developed and established a culture and focus of service to General Managers and other stakeholders. • Managed the accounting department to ensure optimal efficiency of financial operations and adherence to company’s management contract commitments. • Managed the preparation, interpretation, analysis, and presentation to management and ownership of 31 Hotels and 30 Non-Hotels monthly financial statements including Profit and Loss, Balance Sheet, and Cash Flow Statements. • Monitored revenues and expenses to ensure accurate recording in compliance with Generally Accepted Accounting Principles (GAAP), Uniform System of Accounts for the Lodging Industry (USALI), and company guidelines. • Challenged existing strategies and recommended alternate strategies to continually improve effectiveness of the business, financial management, and profitability of each hotel. • Provided revenue forecasting analysis, oversight and collaboration to the revenue management team for continuously improved accuracy and profitability of the hotels. • Provided expense forecasting analysis, oversight, support, mentoring and coaching to the operations team for continuously improved accuracy and profitability of the hotels. • Developed and established the Budgeting Guidelines, Policies, and Procedures to ensure accuracy and timely delivery to leadership and ownership. • Developed and established streamlined processes and procedures for efficient and effective management of bank accounts, accounts payable, payroll recording, and tax filings. • Coordinated external audits in compliance with regulatory agencies and lender requirements.
• Managed the Corporate Accounting Department through asset transitions: disposed of three, acquired six, total 18 with the same stable team size. • Lead and developed four corporate accounting and 19 field accounting professionals. • Budget and Forecast planning, development, preparation, and follow-up management totaling over $100 Million in annual revenues, including guiding, mentoring, and coaching all business unit managers. • Implemented Continuous Accounting resulting in improved timeliness and accuracy of reporting. • Financial statements preparation and analysis including management recommendations with seven financials due in three business days, nine in seven business days, and two in eight business days. • Reconciled Balance Sheets to identify and correct system and operational accounting ensuring proper backup documentations for all balances. • Redesigned the Bank Reconciliation policy and procedure resulting in immediate fraud identification, improved cash management, timely and accurate completion of monthly activity. • Cash Flow planning, budgeting, forecasting and management for improved decision making by senior management and owners. • Established and continuously updated the company’s Accounting Standard Operating Guidelines resulting in clearly communicated expectations and consistency in performance. • Developed corporate accounting and field accounting processes resulting in more timely and accurate reporting • Maintained adequate financial and internal controls and procedures to ensure compliance with company and regulatory guidelines. • Coordinated annual external audits for all business units in compliance with management and lenders’ agreements. • Managed the completion of Internal Audits for all business units. • Monitored and reviewed Accounts Receivable for passed due accounts of all properties on a continuous basis. • Managed the completion of accounts payable, payroll recording and tax filings. • Software used: Quickbooks Enterprise