Assistant Hospitality Finance Manager - Chicago, Illinois

Job Description

Job Description

Want to hear something crazy? Cars only spend 5% of their time driving. Where do they spend the other 95%? PARKED! LAZ Parking is one of the largest and fastest-growing parking companies in the country. LAZ operates hundreds of thousands of parking spaces across the country. When it comes to parking, we are experts! We are also a PEOPLE FIRST company. We often say, parking is our industry, but people are our passion. Our mission is to create opportunities for our employees and value for our clients. If you are looking to join a growing company led by passionate people committed to being the best contact us today!

The LAZ Hospitality silo is a unique team within LAZ Parking dedicated to growth through operational and financial excellence. The Hospitality team specializes in Hotel Partnerships across the country and excels at developing relationships through training, human connection, and career development for our employees and partners.

The Spirit of the Position:

The Assistant Hospitality Finance Manager supports The Hospitality Finance Manager with complete oversight of the financial success of the region in addition to the direct management of the finances at the largest hotel in the portfolio, The Hyatt Regency Chicago.

Principal Job Duties:

• Responsible for financial reporting and ticket reconciliation at The Hyatt Regency Chicago.
• Support The Hospitality Finance Manager in month-end reconciliation of revenue reports to ensure accuracy of all documents provided to the Client Reporting Services team.
• Assist The Hospitality Finance Manager in the financial training and development of location managers and assistant managers.
• Ensure accurate financial reporting across the portfolio and provide additional training as needed.
• Compile, analyze, and present data to identify operational needs and determine solutions.
• Investigate and address reporting issues through collaboration with the National Hospitality Team.
• Additional duties as assigned.

People

• Attend and present data at regular internal financial analysis meetings and other meetings as scheduled by clients.
• Assist with the management and development of the Hospitality team to accomplish annual and periodic goals/initiatives, while embodying and using LAZ Parkings culture as a guideline.
• Conduct financial training for new managers and existing managers in need of additional training.
• Identify high potential employees to support the organizations continued growth, both within your region and outside.
• Actively participate in the recruiting and onboarding process for prospective employees.
• Ensure all financial concerns in the portfolio are reported to The Hospitality Finance Manager for review and collaboration on resolutions.

Product

• Drive financial results and establish goals by monitoring and responding to data from internal audits, ensuring all locations in the portfolio are compliant with financial standards.
• Responsible for cultivating client relationships and business retention.
• Implement and complete other projects, programs, and initiatives that may arise at The Hyatt Regency Chicago or as assigned by The Hospitality Finance Manager.

• Understand, implement, and deliver all requirements that are outlined within the contractual agreement between LAZ Parking and our clients.

Profit

• Responsible for ensuring LHIST data is entered daily and accurately at The Hyatt Regency Chicago.
• Conduct daily ticket reconciliation at The Hyatt Regency Chicago and ensure revenue capture percentage is in compliance with company expectations.
• Investigate and manually post any unpaid tickets identified in the reconciliation process.
• Compile and present data to assist location managers in adherence to budget and revenue enhancements as it relates to staffing, scheduling, and operational expenses.
• Prepare, analyze, and present daily, weekly, monthly, and annual financial and operational reports.
• Assist with the monitoring, review, and analysis of market rate structures.

Education:

• Bachelor's Degree or equivalent work experience in Accounting, Business Administration or Computer Science is preferred, but not required.

Experience:

• Prior experience in the hospitality industry is preferred.
• Previous experience with financial reporting and revenue reconciliation is preferred.
• Previous supervisory or management experience is preferred.
• Experience with data visualization software such as Tableau, Power BI, and/or Looker Studio a plus.
• Programming ability in SQL, Python, C#, or Go a plus.
• Valid drivers license required.
• Previous experience working in a fast-paced environment with high customer expectations.
• Knowledge of Excel, Word, Power Point and General Microsoft Office Applications.

Skills:

• Cross-collaboration and creative problem solving.

• Capable of leading teams, managing employees, and providing conflict resolution.
• Strong customer service skills and abilities.
• Ability to mitigate and lead others to overcome challenges (Never Ever Give Up Attitude).
• Ability to encourage open expression of ideas and opinions.
• Excellent teambuilding and interpersonal skills.
• Ability to work independently and multi-task.
• Ability to communicate professionally and effectively with all levels of the organization.
• Ability to interpret policies, procedures, and standard business practices.
• Demonstrates a sense of urgency and timeliness.
• Ability to demonstrate high attention to detail and organizational skills.

Physical Demands:

• Willingness to work in all external elements. Ability to lift, push, and pull at least 50 pounds.
• Ability to stand, walk and run for extended periods of time.
• Ability bend, stoop, squat and lift frequently throughout a shift.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with qualified disabilities to perform the essential duties/functions.

FLSA Status: Exempt, Non-Tipped

LAZ Parking is an equal opportunity employer. In all our employment practices, including hiring, we are firmly committed to provide equal employment opportunity (EEO) to all persons, regardless of race, color, religion, sex, national origin, disability, age, genetics, Vietnam era, special disabled, recently separated and other protected veterans, or any other characteristic protected by federal, state or local law. No question in our application process is used for the process of limiting or excluding any applicant's consideration for employment on such grounds.

LAZ Parking participates in E-Verify.