Multi-property Director of Finance City Cluster

JOB SUMMARY

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 and exploring new business opportunities.

• 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 properties.

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

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

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

• Collaborates with Operations and Revenue Managers to develop effective revenue management strategies.

Leading Finance & Accounting Teams for Cluster

• 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.

• Oversees internal, external and regulatory audit processes.

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

• Uses financial expertise and analytical models to evaluate mix of transient and group revenue.

Anticipating and Delivering on the Needs of Key Stakeholders

• Demonstrates a commitment to meeting the needs of all key stakeholders.

• Understands and meeting the needs of key stakeholders (owners, corporate, guests, etc.).

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

• Demonstrates an understanding of cash flow and owner priorities.

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

• Understands the owners' perspective and ROI expectations.

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

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.

• Improves profit growth in operating departments.

• Coaches management team to ensure revenue goals are met and opportunities are identified and addressed.

• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.

• Sets aggressive goals that will drive the cluster's financial performance.

• Provides pricing and inventory recommendations that increase market share and attain revenue growth and profit goals.

Managing Projects and Policies 

• Champions the use of technology to create operational efficiency.

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

• Identifies key projects and manages associated Capital Expenditure funds for implementation of brand initiatives, product improvement and increased revenue potential.

Managing and Conducting Human Resource Activities

• Ensures employees are treated fairly and equitably.

• Holds staff accountable for successful performance.

Additional Responsibilities

• Shares alternative viewpoints and encourages others to do so as well.

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

• Negotiates effectively while maintaining positive relationships with others.

• Participates in sales strategy and revenue management meetings.