CANDIDATE PROFILE
Education and Experience
- 4-year bachelor's degree in Finance and Accounting or a related major, plus 3 years of experience in finance and accounting or a related professional area.
- OR a Master's degree in Finance and Accounting or a related major, with 1 year of experience in finance and accounting or a related professional area.
CORE WORK ACTIVITIES
Engaging in Strategic Planning and Decision Making
- Develops strategies to enhance profitability, including estimating costs and benefits and exploring new business opportunities.
- Analyzes financial information, forecasts sales against expenses, and creates annual budget plans.
- Compiles and analyzes data to monitor actual sales against projections.
- Assesses variances between actual and forecasted budget wages for more efficient budget planning.
- Breaks down complex information or data into its component parts to understand underlying principles and facts.
- Thinks creatively and practically to develop, execute, and implement new business plans.
- Creates and manages the annual operating budget for the property.
- Provides analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers.
- Implements control systems to manage business risks and ensures a strong accounting and operational control environment to safeguard assets and enhance operations and profitability.
- Analyzes financial data and market trends to guide decision-making.
- Leads the development and implementation of a comprehensive annual business plan aligned with the company’s and brand’s strategic direction.
- Provides ongoing analytical support by monitoring operating department’s actual and projected sales.
- Produces accurate forecasts that allow operations to adapt to business changes.
Leading Finance Teams
- Utilizes interpersonal and communication skills to lead, influence, and encourage team members; advocates sound financial and business decision-making; demonstrates honesty and integrity; leads by example.
- Communicates strategic goals, focus, and owner priorities clearly and precisely to subordinates.
- Leverages functional leadership and communication skills to influence the executive team, guide property strategies, and lead the finance team.
- Oversees internal, external, and regulatory audit processes.
- Provides excellent leadership by assigning clear accountability to team members and department managers, backed by appropriate authority.
- Conducts annual performance appraisals with direct reports in accordance with standard operating procedures.
Anticipating and Delivering on the Needs of Key Stakeholders
- Attends meetings and communicates with owners to understand their priorities and strategic focus.
- Understands and meets the needs of key stakeholders, including owners, corporate, and guests.
- Advises the General Manager and executive committee on existing and evolving operational and financial issues.
- Communicates financial concepts clearly and persuasively to drive desired behaviors.
- Demonstrates an understanding of cash flow and owner priorities.
- Manages communication with owners effectively.
- Manages property working capital and cash flow in accordance with brand standards and owner requirements.
- Facilitates critique meetings to review information with the management team.
Developing and Maintaining Finance Goals
- Ensures accurate documentation of profits and losses.
- Monitors applicable taxes, ensuring they are current, collected, and/or accrued.
- Submits reports in a timely manner, ensuring adherence to delivery deadlines.
- Develops and supports the achievement of performance, budget, and team goals.
- Improves profit growth in operating departments.
- Reviews audit issues for accuracy.
- Monitors the purchasing process as applicable.
Managing Projects and Policies
- Generates and provides accurate and timely results through reports, presentations, etc.
- Reconciles balance sheets to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.
- Ensures that the P&L statement is accurate, with costs properly matched to revenue and recorded in the correct accounts.
- Ensures compliance with management contracts, reporting requirements, and standard operating procedures.
Managing and Conducting Human Resource Activities
- Ensures team members are cross-trained to support successful daily operations.
- Administers property policies fairly and consistently.
- Ensures new hires participate in the department’s orientation program and receive appropriate training.
- Creates development plans that align with team members' strengths, development needs, career aspirations, and abilities.
- Conducts performance reviews for employees.
- Participates in hiring activities as appropriate.
