Director of Finance and Business Support

JOB SUMMARY

Function as one of the property’s financial business leaders supporting
the property executive leadership team while executing much of the same daily
work activities and responsibilities as directed by the Director of Finance
and Accounting (DOFA), who is the strategic decision maker for the property
and serves on the executive leadership team. The position is responsible
for championing, developing and implementing the daily property-wide initiatives
that deliver products and services to meet or exceed the needs and expectations
of the brand’s target customer and property associates. Financial expertise
is critical to enable the successful implementation of the brand service
strategy and brand initiatives as directed by the DOFA, while maximizing
the return on investment.

In addition, this position contributes to the creation and execution of
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

• Develop strategy to improve profit,
including estimating cost and benefit, exploring new business opportunities,
etc.

• Analyze information, forecast sales against expenses,
and contribute to the creation of annual budget plans.

• Compile
information, analyze and monitor actual sales against projected sales.

•
Analyze difference 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.

• Contribute to the creation of
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.

• Verify a strong accounting
and operational control environment to safeguard assets, improve operations,
and profitability.

• Analyze financial data and market trends.

•
Contribute to the development and implementation of a comprehensive annual
business plan which is aligned with the company’s and brand’s strategic
direction.

• Provide on-going 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.

Leading Finance & Accounting Teams

• Utilize
interpersonal and communication skills to lead, influence, and encourage others;
advocate sound financial/business decision making; demonstrate
honesty/integrity; lead by example.

• Communicate the strategic goals,
the focus and the owner priorities to subordinates in a clear and precise
manner.

• Leverage strong functional leadership and communication skills
to influence the executive team, the property's strategies and to lead own
team.

• Manage internal, external and regulatory audit processes.

• Provide excellent leadership by assigning team members and other
departments managers' clear accountability backed by appropriate authority.

• Conduct annual performance appraisals with direct reports according
to Standard Operating Procedures (SOPs).

Anticipating
and Delivering on the Needs of Key Stakeholders

• Attend
meetings and communicates with the owners as necessary, understanding
the priorities and strategic focus.

• Understand and meet the needs
of key stakeholders (owners, corporate, guests, etc.).

• Advise the GM,
Director of Finance 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 owner in an effective manner when
directed by the DOFA

• Manage property working capital and cash flow
in accordance with brand SOPs and owner requirements.

• Facilitate
critique meetings to review information with management team.

Developing and Maintaining Finance and Accounting Goals

• Verify Profits and Losses are documented accurately.

• Monitor all
taxes that apply, validate that taxes are current, collected and/or accrued.

• Submit reports in a timely manner, verifying delivery deadlines.

•
Develop and supports achievement of performance goals, budget goals, team goals,
etc.

• Improve profit growth in operating departments.

• Review
audit issues to validate accuracy.

Managing Projects
and Policies

• Generate and provides accurate and timely results
in the form of reports, presentations, etc.

• Reconcile balance sheet
to verify account balances are supported by appropriate documentation
in accordance with SOPs.

• Validate the P&L is accurate (e.g., costs
are properly matched to revenue, costs are recorded in the proper accounts).

• Validate compliance with management contract and reporting
requirements.

• Verify compliance with standard and local operating
procedures (SOPs and LSOPs).

Managing and Conducting
Human Resource Activities

• Validate team members are cross
trained to support successful daily operations.

• Verify property
policies are administered fairly and consistently.

• Verify new hires
participate in the department’s orientation program.

• Confirm new hires
receive the appropriate new hire training to successfully perform their job.

• Create appropriate 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.

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.