JOB SUMMARY
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 and accounting activities and the delivery of desirable financial
results.
CANDIDATE PROFILE
Education and Experience
• 4-year bachelor's degree
in Finance and Accounting or related major; 2 years 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.
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 & Accounting 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 property's 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 SOPs and owner requirements.
• Facilitates critique meetings
to review information with management team.
Developing
and Maintaining Finance and Accounting 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.
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 SOPs.
• Ensures that the P&L is accurate (e.g.,
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 (SOPs and LSOPs).
• Ensures compliance with Standard Operating
Procedures (SOPs).
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.
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