What are the responsibilities and job description for the Chief Financial Officer position at Rio Hotel & Casino Las Vegas?
What You’ll Do
The Chief Financial Officer (CFO) is responsible for the strategic and financial planning and analysis of all activities and departments for Dreamscape’s new Rio Las Vegas Hotel & Casino. This includes overseeing the development and implementation of strategies to increase revenue and profitability, manage budgets and expenses, financial reporting, strategy, forecasting, and cost analysis. The CFO establishes accounting policies, procedures, controls and reporting systems in accordance with generally accepted accounting principles, and ensure compliance with all required regulations, laws, and company policies.
ROLE EXPECTATIONS
Responsibilities Include, But Are Not Limited To, The Following
The Chief Financial Officer (CFO) is responsible for the strategic and financial planning and analysis of all activities and departments for Dreamscape’s new Rio Las Vegas Hotel & Casino. This includes overseeing the development and implementation of strategies to increase revenue and profitability, manage budgets and expenses, financial reporting, strategy, forecasting, and cost analysis. The CFO establishes accounting policies, procedures, controls and reporting systems in accordance with generally accepted accounting principles, and ensure compliance with all required regulations, laws, and company policies.
ROLE EXPECTATIONS
Responsibilities Include, But Are Not Limited To, The Following
- Manage all financial departments and functions of the property, including Accounting, Auditing, Count Room, Purchasing, and the Warehouse.
- Demonstrate strong knowledge and understanding of the operating and capital budgets and forecasts.
- Prepare budget and financial forecasts, maintain and plan control procedures, including the cost accounting system, and analyze and report variances.
- Drive the strategy and performance of the Executive Committee of monthly financial statements, guest service initiatives and company positioning.
- Responsible for the reconciliation and processing of the accounting records and general ledger.
- Has management responsibility for GL, A/P, A/R, Payroll/Benefits in accordance with generally accepted accounting principles.
- Responsible for the coordination and implementation of accounting systems and accounting control procedures.
- Provide financial planning and guidance on labor and staffing initiatives. Work with all staff to ensure maximized profits through the proper utilization of the games, employees through scheduling and staffing levels, and control of departmental expenses to maintain the levels of service required for the business levels.
- Guide decisions in succession planning, culture and diversity and inclusion initiatives. Mentor and provide career pathing to team members.
- Review and approve capital improvement projects to maintain/upgrade property standards and brand image.
- Helps develop and ensure that the company’s System of Internal Controls (SICS) meet and/or exceed the Nevada Minimum Internal Control System (MICS) with a thorough knowledge of these regulations including Title 31.
- Assist Management in maintaining all licenses, permits, insurance and contracts.
- Identify and adapt to changes in the economic climate and/or company profits and pivot accordingly.
- Ensure compliance with Gaming Lease Agreement.
- Interact on a daily basis with all levels of staff to maintain open communication and collect feedback for analysis (F&B, revenue management, casino operations, hotel operations, security, etc.)
- Develop annual business plans and budgets and then effectively perform against plan.
- Understand and comply with all gaming regulations including Title 31, SICS, and MICS regulations.
- Perform other reasonable duties and responsibilities as assigned.
- This position directly oversees all financial (operational and administrative) departments. Department leaders will report directly to the CFO.
- Minimum fifteen (15) years of general accounting experience.
- Minimum ten (10) years of progressive leadership experience.
- Strong organizational skills, solution-driven, and analytical thinker.
- Excellent written and oral communication skills.
- Strong interpersonal and leadership skills.
- Able to set and successfully drive strategies for both customer loyalty and employee culture programs.
- Strong Computer proficiency; ability to use Microsoft Office Suite and applicable financial and operational software.
- At least 21 years of age.
- Five (5) years experience of leading large teams.
- Prior casino management experience at the levels of Director, Vice President and above.
- Bachelor’s Degree
- Experience working in a similar resort setting.
- Must be able to qualify for licenses and permits required by federal, state, and local regulations.
- Must be able to work under time constraints and within established deadlines.
- Must regularly lift and/move up to 15 pounds, and must have the ability to push, pull, reach, bend, twist, kneel and balance when performing job duties in varying work areas such as confined spaces.
- Work is performed indoors in a climate-controlled environment and exposed to various environmental factors such as but not limited to noise, dust and smoke.