JOB SUMMARY
Functions as the property’s strategic financial business leader. Theposition champions, develops and implements property-wide strategies thatdeliver products and services to meet or exceed the needs and expectations ofthe brand’s target customer and property employees. The position provides thefinancial expertise to enable the successful implementation of the brandservice strategy and brand initiatives while maximizing the return oninvestment. In addition, creates and executes a business plan that is alignedwith the property and brand’s business strategy and focuses on the execution offinancial activities and the delivery of desirable financial results.
CANDIDATEPROFILE
Education andExperience
• 4-year bachelor's degree in Finance and Accounting or related major; 3years experience in the finance and accounting or related professional area.
OR
• Master's degree in Finance and Accounting or related major; 1 yearexperience in the finance and accounting or related professional area.
CORE WORKACTIVITIES
Engaging inStrategic 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 annualbudget plans.
• Compiles information, analyzes and monitors actual sales against projectedsales.
• Analyzes differences between actual budget wages and forecasted wages formore efficient budget planning.
• Identifies the underlying principles, reasons, or facts of information bybreaking down information or data into separate parts.
• Thinks creatively and practically to develop, execute and implement newbusiness plans
• Creates the annual operating budget for the property.
• Provides analytical support during budget reviews to identify cost savingand productivity opportunities for property managers.
• Implements a system of appropriate controls to manage business risks.
• Ensures a strong accounting and operational control environment tosafeguard assets, improve operations and profitability.
• Analyzes financial data and market trends.
• Leads the development and implementation of a comprehensive annual businessplan which is aligned with the company’s and brand’s strategic direction.
• Provides on going analytical support by monitoring the operatingdepartment’s actual and projected sales.
• Produces accurate forecasts that enable operations to react to changes inthe business.
Leading FinanceTeams
• Utilizes interpersonal and communication skills to lead, influence, andencourage others; advocates sound financial/business decision making;demonstrates honesty/integrity; leads by example.
• Communicates the strategic goals, the focus and the owner priorities tosubordinates in a clear and precise manner.
• Leverages strong functional leadership and communication skills toinfluence 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 otherdepartments managers' clear accountability backed by appropriate authority.
• Conducts annual performance appraisals with direct reports according tostandard operating procedures.
Anticipatingand Delivering on the Needs of Key Stakeholders
• Attends meetings and communicating with the owners, understanding thepriorities and strategic focus.
• Understands and meets the needs of key stakeholders (owners, corporate,guests, etc.).
• Advises the GM and executive committee on existing and evolvingoperating/financial issues.
• Communicates financial concepts in a clear and persuasive manner that iseasy 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 brandstandard operating procedures and owner requirements.
• Facilitates critique meetings to review information with management team.
Developing andMaintaining Finance Goals
• Ensures Profits and Losses are documented accurately.
• Monitors all taxes that apply, ensuring that taxes are current, collectedand/or accrued.
• Submits reports in a timely manner, ensuring delivery deadlines.
• Develops and supports achievement of performance goals, budget goals, teamgoals, etc.
• Improves profit growth in operating departments.
• Reviews audit issues to ensure accuracy.
• Monitor the purchasing process as applicable.
ManagingProjects 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 byappropriate documentation in accordance with standard operating procedures.
• Ensures that the P&L is accurate (e.g., costs are properly matched torevenue, 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 andConducting Human Resource Activities
• Ensures team members are cross-trained to support successful dailyoperations.
• 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 tosuccessfully perform their job.
• Creates appropriate development plans which develop team members based ontheir individual strengths, development needs, career aspirations andabilities.
• Conduct performance review process for employees.
• Participates in hiring activities as appropriate.
