Philadelphia International Airport (PHL) · 1 day ago
Executive Vice President of Hotel Finance job
Philadelphia, PA
Full-time
Onsite
Director/Executive
10+ years expCrescent Hotels & Resorts is a team of hospitality professionals committed to providing exceptional experiences for their guests. The EVP of Hotel Finance is responsible for directing the Hotel Finance Division, ensuring compliance with financial operations, and implementing systems to improve productivity and financial indicators.
Air Transportation
Responsibilities
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 focuses on achieving hotels and company objectives and maximizing profitability
Supervise SVP's of Hotel Finance and Regional Directors of Finance that are directly assigned. Assist them in managing various financial related tasks
Ensure that all team members complete the required property visit reports for their respective properties. A minimum of two financial review exercises per year per hotel is required. The results of the on-site financial/operational analyses should be structured to provide feedback and identify potential profit and/or control weaknesses
Ensure compliance with Crescent internal controls as per established procedures, and interface with the Internal Audit department and corrective action plans are put in place to remediate all deficiencies identified at the properties
Establish, implement, enforce and evaluate policies and procedures designed to achieve company, operational goals, and legal requirements
Ensure cost-effectiveness of resource (staffing) utilization, and the quality and quantity of services provided
Ensure that corporate-mandated policies, procedures, directives, and decisions are communicated fully and objectively to assigned hotels
Direct and assist the timely implementation of new automated financial systems and practices at assigned hotels
Assist the Chief Operating Officer in overseeing the development of a viable action plan(s) to establish timeliness, and address issues such as staffing and training requirements, reengineering of work, hardware/software needs, integration of new standards/procedures, maintaining operational continuity and related transition activities
Ensure that the receivables due to Crescent are prompt and current
Review and monitor hotels' annual plans for deviations from approved plans. Communicate with the President of Corp. Services & CFO all significant deviations from business plan(s) and recommend proper disposition of actions
Ensure the monitoring of hotels' revenues/expenses and ensure the accurate recording as per Crescent established guidelines
Ensure the monitoring of the capital planning process by assisting management with calculation of return on capital improvements and ensure proper controls per Crescent procedures and Owners' expectations and requirements
Ensure all hotels are in compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes
Continually focus on training and development programs for accounting associates to cultivate the "brightest" and "best" talent within the industry
Ensure coordination with COO on all communication with ownership regarding financial issues such as actual results, budgets, forecasts, cash-flow and capital recommendations
Direct and ensure the adherence to the timely completion of the various due dates for their RDOF's and the properties directly assigned to them:
Qualification
Required
A minimum of 15 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 10 years of related progressive experience; or a 2-year college degree and a minimum of 12 years of related progressive experience
Must be proficient in Windows, Excel, Word for Windows and PowerPoint
Proficiency in one or more back-office and front-office systems is recommended
Benefits
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
Company
Philadelphia International Airport (PHL)
Philadelphia International Airport is owned and operated by the City of Philadelphia provides provide Airport news, information & fun stuff.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Federal Aviation Administration
2023-02-28Grant
Leadership Team
Atif Saeed, A.A.E., IAP
Chief Executive Officer
Camille Tomlin
Deputy Chief Technology Officer
Recent News
Business Insider
2025-11-07
The Philadelphia Inquirer
2025-11-05
The Philadelphia Inquirer
2025-10-09
Company data provided by crunchbase