Cluster Director of Finance - Luxury Hotel
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Key skills for this role
About the Role
Lead financial planning, develop business strategies, ensure compliance, and manage cash flow while collaborating with stakeholders and driving financial performance.
Key Skills for This Role
Full Job Posting
Key Responsibilities
- Lead the financial planning process across the cluster including annual budgets, forecasts, long-range plans, and performance reviews.
- Leads the development and implementation of a comprehensive annual business plan which is aligned with the company s and brand s strategic directions.
- Provide strategic insights and financial analysis to guide decision-making and improve profitability.
- Thinks creatively and practically to develop, execute and implement new business plans.
- Colaborates with Operations and Revenue Managers to develop collective revenue management strategies.
Preopening Experience
- Strong pre-opening experience with multiple hotel openings.
Shared Services
- Set up of Shared Services including Record to Report (R2R), Procure to Pay (P2P) and centralized Payroll.
- Developing and Maintaining Finance and Accounting Goals
- Ensures Profit and Losses are documented accurately.
- Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
- Submit reports in a timely manner, ensuring delivery deadlines.
- Improves profit growth in operating departments.
- Coaches Management teams across the portfolio to ensure revenue goals are met and opportunities are identified and addressed.
- Set aggressive goals that will drive the cluster s financial performance.
- Provide pricing and inventory recommendations that increases market share and attain revenue growth and profit goals.
Managing Projects And Policies
- Champions the use of technology to create operational efficiency.
- Reconcile balance sheets to ensure account balances are supported by appropiate documentation in accordance with SOPs.
- Identifies key projects and manages Capital Expenditure funds for implementation of brand initiatives, product improvement and increased revenue potential.
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- Key Stakeholders relations:
- Understands and meeting the needs of key stakeholders (owners, corporate, etc.).
- Ensures timely and accurate completion of all Owner reporting requirements.
- Advises the GMs, Directors of Finance and executive commitees on existing and evolving operating and financial issues.
- Understands the owner perspective and ROI expectations.
- Attend meetings and communicating with the owners, understanding the priorities and strategic focus.
Leading Finance & Accounting Cluster Teams
- Utilizes communication skills to lead, influence and encourage others; advocates sound financial and business decision making; demostrates honesty and integrity; leads by example.
- Communicates the strategic goals, the focus and the owner priorities to all Directors of Finance in a clear and precise manner.
- Provides ongoing analytical support by monitorig the operating departments actual and projected sales.
- Uses financial expertise and analytical models to evaluate market mix.
- Ensures employees are treated fairly and equitably.
- Holds staff accountable for successful performance.
Budget Management Support
- Manage the hotels budgeting process, including revenue projections, expense control, and variance analysis.
- Monitor financial performance against budget targets and implement corrective actions as necessary.
Cash Flow Management
- Oversee cash flow planning, liquidity management, and capital allocation to optimize financial resources.
- Implement effective cash management strategies to maintain adequate liquidity levels for operational needs.
Compliance And Audit Support
- Ensure compliance with financial regulations, tax laws, and reporting requirements in all financial operations.
- Coordinate with auditors, regulatory authorities, and internal teams to facilitate financial audits and reviews.
- Technological and automation mindset:
- Proven experience in implementing and optimizing procurement and finance systems;Expert in COA mapping across multiple systems, including PMS and POS.
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