Joanne Cox
Chicago,IL
Summary
Highly accomplished hospitality Financial Executive with broad expertise in risk mitigation, GAAP and IFRS principles, P&L optimization, balance sheet clean up and SOP development on a national/global scale. Deeply versed in reporting, compliance, cost cutting, streamlining workflow and leading cross-functional teams in maximizing the bottom line for a diverse range of corporations, international entities and smaller firms. Hardworking Finance Consultant with superior numerical aptitude and knowledge of market trends and stock values. Superb communication and organizational skills. Committed to creating profitable solutions and maintaining relationships. Meticulous Finance Consultant with experience in strategic marketing, financial analysis and client relations. Results-orientated, friendly and works well under pressure.
Overview
27
27
years of professional experience
Work History
Finance Consultant
JTC CONSULTING SERVICES, LLC
01.2016 - Current
- The Carlyle NY, a Rosewood Hotel - Project based help in several areas of the finance team including balance sheet clean up, P&L reviews and compliance management
- Rosewood Washington DC - Recently renovated property, part of the opening team functioning as the interim Director of Finance
- Prepared the 2020 budget for the property, capex management from the renovation, month end close etc
- Rosewood Miramar Beach Hotel, Montecito, CA - Newly opened property providing support to the Director of Finance
- Establish balance sheet schedules and reconciliations, cash and credit card reporting, month end closing documents and SOP's
- Self-motivated, with a strong sense of personal responsibility.
- Worked effectively in fast-paced environments.
Interim Chief Financial Officer
Bode
01.2016 - Current
- Advise CEO on strategic initiatives regarding set up of new hotel company including legal structure, HMA contracts, corporate governance, centralized staffing model, process controls and SOP's, and other operational functions
- Streamline the month end close process and put measures in place to close the books timely and accurately (transitioned the company from a cash to accrual basis business)
- Multiple legal entity structures with related and non-related parties
Director of Finance
Proper Hotel
01.2016 - Current
- Provide full accounting and financial support in the DOF role overseeing the department during a vacancy period
- Balance sheet reconciliation and clean up for all accounts, some of which were not reconciled since opening
- Budget and reforecast, capex management, cash flow, month end close inclusive of detailed variance analysis, performance tracking against budget and KPI's, oversee AP, AR, payroll
Director of Finance
Blackstone Hotel
01.2016 - Current
- Company Overview: (a Sage Hospitality managed property)
- Function as the interim finance controller during a renovation phase of the property transitioning into another branded Marriott product
- Full scope of finance responsibilities including forecasting, cash flow during renovation, contract audits, process improvements including other areas of the hotel, most notably F&B and overseeing purchasing, AR, AP, IJ and payroll
- (a Sage Hospitality managed property)
Vice President of Operations Finance
Sage Hospitality
01.2016 - Current
- Responsible for overseeing a portfolio of hotels, supporting the property Directors of Finance to prepare, analyze and deliver financial information to various stakeholders
- Prepare and review forecasts, renovation budgets and proforma's, participate in the budget process for multiple properties
- Evaluate current talent at the property and make recommendations for talent progression and career planning
Chief Financial Officer
Luxe Hotels and Branding Company
01.2015 - 01.2016
- Company Overview: Luxe Hotels is a boutique hotel company that operates two hotels in Los Angeles and an international representation company focused on providing sales and marketing services to over 100 independently owned hotels and resorts around the world
- Tasked with a one-year assignment to clean up financial and accounting reporting systems and hotel operations to reposition the assets in order to turn them over to a management company
- Decreased month end reporting time from 25 days to 10 days and implemented a comprehensive month end reporting package to the stakeholders
- Cleaned up the balance sheets for all companies and implemented a mandatory month end reconciliation process
- Fixed the hotel P&L's to be in accordance with USALI 11th edition
- Prepared the 2016 hotel and branding company budgets and subsequent quarterly reforecasts
- Managed existing banking relationships with the intention of refinancing the hotels
- Evaluated F&B costs and was instrumental in changing the restaurant concept to a flat fee mandatory club concept with better than expected results
- Restructured the finance and accounting team to align efficiencies and cost savings
- Completed an IT audit to identify areas of weakness and implemented a strategy and timeline to bring the company into compliance including safeguarding proprietary guest information
- Turnover the HR department in order to bring on a compliance focused team while providing better in house services to the colleagues
- Conducted an internal audit, found multiple areas of risk and implemented controls to reduce and/or eliminate the risk
- Wrote SOP's and implemented controls for the accounting and operations teams where none existed prior
- Managed the insurance program and the annual renewal process from the application stage through coverage placement
- Participate in legal proceedings and mediation hearings, as applicable
- Luxe Hotels is a boutique hotel company that operates two hotels in Los Angeles and an international representation company focused on providing sales and marketing services to over 100 independently owned hotels and resorts around the world
Vice President Global Risk Management and Compliance; Vice President Finance and Accounting
Viceroy Hotel Group
01.2007 - 01.2015
- Company Overview: Privately held hotel management firm specializing in 3rd party management to unaffiliated hotel owners
- Extensive overhaul and rewrite of the internal audit documents and led the internal audit function including operational, financial and fire, life safety audits for all domestic and international properties
- Created the corporate finance and accounting SOP's and controls
- Developed expertise in HMA's, special purpose ownership entities as well as lender requirements/hurdles, loan documents and investor requirements
- Reviewed and validated service provider and 3rd party contracts for business terms, legal language and owner restrictions
- Responsible for tax, insurance and compliance audits generating clean opinions in all years under my control
- Administered all reporting functions for $375M in globally generated profits
- Realized 75% decrease in production time via automation of monthly tasks
- Produced the 5-year business plan model and subsequent summary reports presented annually to the Board of Directors
- Built and maintained the budget models, advanced excel spreadsheets, dashboard reports, Board of Director and ownership reports
- Initial review and recommendation of COSO framework for the implementation, timing and resources required to integrate fully into the business units within the global company
- Collaborated with outside general and panel counsel in managing claims, slip and falls and other lawsuits
- Real estate accounting for assets held under management
- Privately held hotel management firm specializing in 3rd party management to unaffiliated hotel owners
Controller, Corporate Accounting and Tax Credit Funds; Real Estate Asset Manager
The Alliant Company
01.2004 - 01.2007
- Company Overview: (LITCH tax credit syndicator)
- (LITCH tax credit syndicator)
Asset Manager and Fund Controller
Trimont Real Estate Advisors
01.2003 - 01.2004
- Company Overview: (Lehman Brothers syndicated tax credit business unit)
- (Lehman Brothers syndicated tax credit business unit)
Vice President and Controller
J.P. Morgan Chase & Co.
01.1998 - 01.2003
- Company Overview: (CMBS Business unit)
- (CMBS Business unit)
Education
Master of Business Administration - Finance (Coursework)
Oglethorpe University, Graduate School of Business
Atlanta, GAAccounting and Finance
Florida State University
Tallahassee, FLBachelor of Arts - Kinesiology
University of Western Ontario
Hotel Real Estate Investments and Asset Management -
eCornell
Skills
- Budgeting & Forecasting
- Accounting Management
- Deadline-Driven
- Financial Analysis
- GAAP Asset Management
- Financial and Strategic Reporting
- Internal/External Audits
- ROI
- Internal Controls
- Investor & Owner Relations
- Efficiency Improvements
- Contract Negotiations
- YOY Improvements
- State/Federal Tax Functions
- Risk and Compliance Management
- Lender Relationships
- Property Level Operations
Cash Flow Management
Credit analysis
Relationship Management
Financial statement analysis
Insurance Planning
Risk Management
Strategic financial planning
Risk Analysis
Portfolio Management
Working capital management
Profitability analysis
International Finance
Financial optimization
Problem-Solving
Attention to Detail
Timeline
Finance Consultant
JTC CONSULTING SERVICES, LLC
01.2016 - Current
Interim Chief Financial Officer
Bode
01.2016 - Current
Director of Finance
Proper Hotel
01.2016 - Current
Director of Finance
Blackstone Hotel
01.2016 - Current
Vice President of Operations Finance
Sage Hospitality
01.2016 - Current
Chief Financial Officer
Luxe Hotels and Branding Company
01.2015 - 01.2016
Vice President Global Risk Management and Compliance; Vice President Finance and Accounting
Viceroy Hotel Group
01.2007 - 01.2015
Controller, Corporate Accounting and Tax Credit Funds; Real Estate Asset Manager
The Alliant Company
01.2004 - 01.2007
Asset Manager and Fund Controller
Trimont Real Estate Advisors
01.2003 - 01.2004
Vice President and Controller
J.P. Morgan Chase & Co.
01.1998 - 01.2003
Master of Business Administration - Finance (Coursework)
Oglethorpe University, Graduate School of Business
Accounting and Finance
Florida State University
Bachelor of Arts - Kinesiology
University of Western Ontario
Hotel Real Estate Investments and Asset Management -
eCornell
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