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Functions as the property’s strategic financial business leader. The position champions, develops and implements 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, creates and executes a business plan that is aligned with the property and brand’s business strategy and focuses on the execution of financial activities and the delivery of desirable financial results.
Job Responsibility:
Develops means to improve profit
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 property
Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers
Implements a system of appropriate controls to manage business risks
Ensures a strong accounting and operational control environment to safeguard assets
Analyzes financial data and market trends
Leads the development and implementation of a comprehensive annual business plan
Provides ongoing 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
Communicates the strategic goals, the focus and the owner priorities to subordinates
Leverages strong functional leadership and communication skills to influence the executive team
Oversees internal, external and regulatory audit processes
Provides excellent leadership by assigning team members and other departments managers' clear accountability
Conducts annual performance appraisals with direct reports
Attends meetings and communicating with the owners
Understands and meets the needs of key stakeholders
Advises the GM and executive committee on existing and evolving operating/financial issues
Communicates financial concepts in a clear and persuasive manner
Demonstrates an understanding of cash flow and owner priorities
Manages communication with owners in an effective manner
Manages property working capital and cash flow
Facilitates critique meetings to review information with management team
Ensures Profits and Losses are documented accurately
Monitors all taxes that apply
Submits reports in a timely manner
Develops and supports achievement of performance goals
Improves profit growth in operating departments
Reviews audit issues to ensure accuracy
Monitors the purchasing process
Generates and provides accurate and timely results
Reconciles balance sheet
Ensures that the P&L is accurate
Ensures compliance with management contract and reporting requirements
Ensures compliance with standard and local operating procedures
Ensures team members are cross-trained
Ensures property policies are administered fairly and consistently
Ensures new hires participate in the department’s orientation program
Ensures new hires receive appropriate training
Creates appropriate development plans
Conduct performance review process
Participates in hiring activities as appropriate
Requirements:
4-year bachelor's degree in Finance and Accounting or related major
3 years experience in the finance and accounting or related professional area
Master's degree in Finance and Accounting or related major
1 year experience in the finance and accounting or related professional area