Directing the financial strategy of the property is the core of this role, ensuring that all financial activities align with the brand's goals and maximize return on investment. This position suits a strategic financial leader who can develop and implement property-wide strategies to deliver excellent products and services while maintaining strong financial controls.
Responsibilities
Develop means to improve profit, including estimating cost and benefit and exploring new business opportunities
Analyze information, forecast sales against expenses, and create annual budget plans
Compile information, analyze, and monitor actual sales against projected sales
Analyze differences between actual budget wages and forecasted wages for more efficient budget planning
Identify the underlying principles, reasons, or facts of information by breaking down information or data into separate parts
Think creatively and practically to develop, execute, and implement new business plans
Create the annual operating budget for the property
Provide analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers
Implement a system of appropriate controls to manage business risks
Ensure a strong accounting and operational control environment to safeguard assets, improve operations, and profitability
Analyze financial data and market trends
Lead the development and implementation of a comprehensive annual business plan aligned with the company
Provide ongoing analytical support by monitoring the operating department
Produce accurate forecasts that enable operations to react to changes in the business
Utilize interpersonal and communication skills to lead, influence, and encourage others
Advocate sound financial/business decision-making
Demonstrate honesty and integrity and lead by example
Communicate strategic goals, focus, and owner priorities to subordinates clearly and precisely
Leverage strong functional leadership and communication skills to influence the executive team, the property's strategies, and to lead own team
Oversee internal, external, and regulatory audit processes
Provide excellent leadership by assigning team members and other department managers clear accountability backed by appropriate authority
Conduct annual performance appraisals with direct reports
Attend meetings and communicate with owners, understanding their priorities and strategic focus
Understand and meet the needs of key stakeholders (owners, corporate, guests, etc.)
Advise the GM and executive committee on existing and evolving operating/financial issues
Millions of jobs, with real people getting hired every day
200,000+
New jobs added daily
7,000,000+
Verified job listings
1,000,000+
Tailored applications submitted
Communicate financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors
Demonstrate an understanding of cash flow and owner priorities
Manage communication with owners effectively
Manage property working capital and cash flow in accordance with brand standard operating procedures and owner requirements
Facilitate critique meetings to review information with the management team
Ensure Profits and Losses are documented accurately
Monitor all applicable taxes, ensuring they are current, collected, and/or accrued
Submit reports in a timely manner, ensuring delivery deadlines
Develop and support achievement of performance goals, budget goals, and team goals
Improve profit growth in operating departments
Review audit issues to ensure accuracy
Monitor the purchasing process as applicable
Generate and provide accurate and timely results in the form of reports and presentations
Reconcile the balance sheet to ensure account balances are supported by appropriate documentation
Ensure that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts)
Ensure compliance with management contract and reporting requirements
Ensure compliance with standard and local operating procedures
Ensure team members are cross-trained to support successful daily operations
Ensure property policies are administered fairly and consistently
Ensure new hires participate in the department
Ensure new hires receive appropriate new hire training to successfully perform their job
Create appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations, and abilities
Conduct the performance review process for employees
Participate in hiring activities as appropriate
Requirements
4-year bachelor's degree in Finance and Accounting or a related major with 3 years of experience in the finance and accounting or related professional area
OR a Master's degree in Finance and Accounting or a related major with 1 year of experience in the finance and accounting or related professional area
