This role functions as the property’s strategic financial business leader, championing, developing, and implementing property-wide strategies to deliver products and services that meet or exceed the needs of customers and employees. The position provides financial expertise for the successful implementation of brand service strategies and initiatives while maximizing return on investment. It also involves creating and executing a business plan aligned with the property and brand’s business strategy, focusing on financial and accounting activities and delivering desirable financial results.
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’s and brand’s strategic direction
Provide ongoing analytical support by monitoring the operating department’s actual and projected sales
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 and demonstrate honesty/integrity
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 according to Standard Operating Procedures
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
Attend meetings and communicate with the owners, understanding the priorities and strategic focus
Understand and meet the needs of key stakeholders (owners, corporate, guests, etc.)
Advise the General Manager and executive committee on existing and evolving operating/financial issues
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 SOPs and owner requirements
Facilitate critique meetings to review information with 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, team goals, etc.
Improve profit growth in operating departments
Review audit issues to ensure accuracy
Generate and provide accurate and timely results in the form of reports, presentations, etc.
Reconcile balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs
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 (SOPs and LSOPs)
Ensure compliance with Standard Operating Procedures (SOPs)
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’s orientation program
Ensure new hires receive the 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 performance review process for employees
Participate in hiring activities as appropriate
Requirements
4-year bachelor's degree in Finance and Accounting or related major and 2 years of experience in the finance and accounting or related professional area
OR Master's degree in Finance and Accounting or related major; no work experience required
