VP CFO Ops -The Cosmopolitan of Las Vegas
Job Description
Our Company has one exciting mission: To entertain the human race and provide an unforgettable escape. Delivering excellence for our guests, and contributing to building and sustaining our communities, requires collaboration from diverse teams of world-class talent. Our iconic MGM Resorts brands offer a wide variety of exciting career opportunities, each with access to unlimited growth.
PRIMARY PURPOSE:
The CFO reports to and partners with the President to set the financial policy and direction for assigned property. Position is an active participant in, and driver of, the organization's overall strategy. Ensures all activities performed within the department are in accordance with the company's business objectives, budget guidelines, established safety standards, in addition to policies, practices and procedures.
Responsible for overseeing and leading the financial management of assigned properties, including financial analysis and projections, capital and operating budgetary planning, productivity, cash flow management, cost identification and allocation, revenue/expense trends analysis, financial record keeping and reporting
- Accountable for the operational and gaming regulation compliance function in accordance with the applicable gaming commissions and other governing agencies
- Oversees the risk management liability exposure for the property and monitors/governs financial expenditures
- Drives key operational and strategic initiatives
- Develops and implements a strategic plan and vision for the property consistent with the company's vision/mission and serves as a key member of the property's Operating Committee
- Serves as both a financial and operational resource to the President and operational division heads relative to the financial success and viability of the property
- Provides executive oversight and direction for the Finance Division, to include: Financial Reporting, Financial Planning & Analysis, Cage/Credit/Collections/Marker Operations, Purchasing, Warehouse/Receiving/Inventory Control, Compliance, and Internal Controls & Fraud Detection
- Provides leadership and direction in the development, execution, and measurement of guest service standards within the division consistent with the property's core service standards and brand attributes
- Participates in the identification and development of business partnerships and relationships which may be beneficial to the long-term growth and success of the property
- Instrumental in fostering a work environment that promotes collaboration, performance, feedback, and overall sense of employee community
- Provides leadership in the development and monitoring of fiscal budgets and operational strategies to produce both short-term and long-term profitability
- Assists in successfully managing priorities resulting from the company's corporate social responsibility (CSR) initiatives, including promoting strategies and processes that encompass the Company's diversity commitment
- Works closely with department management to establish sound operational business practices and methods to ensure all projects and assignments produce quality results, remain within budget, and meet targeted deadlines
- Develops cost proposals and estimates for equipment, systems, and procedural changes as needed
- Directs the research, development, evaluation and implementation of new products, services, technology and processes to ensure the company's competitive position in an ever-changing hospitality/gaming environment
- Maintains effective communication with peers and subordinates
- Establishes parameters that empower managers/supervisors with the authority to effectively accomplish the duties of their assigned positions
- Ensures compliance with all legal and company regulations and policies
MINIMUM REQUIREMENTS:
- Bachelor's Degree in Finance, Accounting, Business or related field, or equivalent experience
- Minimum eight (8) years prior experience working in a finance leadership capacity
Date Posted
12/23/2023
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