Director of Finance and Accounting

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.

Every day, we set
the standard for rare and special luxury service the world over and pride
ourselves on delivering excellence in the care and comfort of our
guests.

Your role will be to ensure that the “Gold Standards”
of The Ritz-Carlton are delivered graciously and thoughtfully every day.
The Gold Standards are the foundation of The Ritz-Carlton and are what guides
us each day to be better than the next.

It is this foundation and our belief that our culture drives success by
which The Ritz Carlton has earned the reputation as a global brand leader
in luxury hospitality. As part of our team, you will learn and exemplify
the Gold Standards, such as our Employee Promise, Credo and our Service Values.
And our promise to you is that we offer the chance to be proud of the work
you do and who you work with.

In joining The Ritz-Carlton,
you join a portfolio of brands with Marriott International. Be where
you can do your best work, begin your purpose, belong to
an amazing global team, and become the best version
of you.