Director of Finance

Functions as the property s strategic financial business leader

The position champions, develops and implements property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand s target customer and property employees

The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment

In addition, creates and executes a business plan that is aligned with the property and brand s business strategy and focuses on the execution of financial activities and the delivery of desirable financial results

CANDIDATE PROFILE

Education and Experience

4-year bachelors degree in Finance and Accounting or related major; 3 years experience in the finance and accounting or related professional area

OR

Masters degree in Finance and Accounting or related major; 1 year experience in the finance and accounting or related professional area

CORE WORK ACTIVITIES

Engaging in Strategic Planning and Decision Making

Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc

Analyzes information, forecasts sales against expenses and creates annual budget plans

Compiles information, analyzes and monitors actual sales against projected sales

Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning

Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts

Thinks creatively and practically to develop, execute and implement new business plans

Creates the annual operating budget for the property

Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers

Implements a system of appropriate controls to manage business risks

Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability

Analyzes financial data and market trends

Leads the development and implementation of a comprehensive annual business plan which is aligned with the company s and brand s strategic direction

Provides on going analytical support by monitoring the operating department s actual and projected sales

Produces accurate forecasts that enable operations to react to changes in the business

Leading Finance Teams

Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example

Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner

Leverages strong functional leadership and communication skills to influence the executive team, the propertys strategies and to lead own team

Oversees internal, external and regulatory audit processes

Provides excellent leadership by assigning team members and other departments managers clear accountability backed by appropriate authority

Conducts annual performance appraisals with direct reports according to standard operating procedures

Anticipating and Delivering on the Needs of Key Stakeholders

Attends meetings and communicating with the owners, understanding the priorities and strategic focus

Understands and meets the needs of key stakeholders (owners, corporate, guests, etc

)

Advises the GM and executive committee on existing and evolving operating/financial issues

Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors

Demonstrates an understanding of cash flow and owner priorities

Manages communication with owners in an effective manner

Manages property working capital and cash flow in accordance with brand standard operating procedures and owner requirements

Facilitates critique meetings to review information with management team

Developing and Maintaining Finance Goals

Ensures Profits and Losses are documented accurately

Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued

Submits reports in a timely manner, ensuring delivery deadlines

Develops and supports achievement of performance goals, budget goals, team goals, etc

Improves profit growth in operating departments

Reviews audit issues to ensure accuracy

Monitor the purchasing process as applicable

Managing Projects and Policies

Generates and provides accurate and timely results in the form of reports, presentations, etc

Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures

Ensures that the P&L is accurate (eg, costs are properly matched to revenue, costs are recorded in the proper accounts)

Ensures compliance with management contract and reporting requirements

Ensures compliance with standard and local operating procedures

Ensures compliance with standard operating procedures

Managing and Conducting Human Resource Activities

Ensures team members are cross-trained to support successful daily operations

Ensures property policies are administered fairly and consistently

Ensures new hires participate in the department s orientation program

Ensures new hires receive the appropriate new hire training to successfully perform their job

Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities

Conduct performance review process for employees

Participates in hiring activities as appropriate