Assistant Director of Finance & Accounting Job at Marriott Bonvoy (Chicago)

Job Description

Assists in the development and implementation of 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, assists with 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.

Job Responsibility

Assists in the development of 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
Assists in the creation of the annual operating budget for the property
Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers
Assists in the implementation of 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
Assists in 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
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 excellent leadership by assigning team members clear accountability backed by appropriate authority
Conducts annual performance appraisals with direct reports according to Standard Operating Procedures
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.)
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
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
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)
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
Conducts performance review process for employees
Participates in hiring activities as appropriate

Requirements

4-year bachelor's degree in Finance and Accounting or related major
1 year 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

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Assistant Director of Finance & Accounting

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