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Key skills for this role
About the Role
The Luxury Collection is seeking a Director of Finance to serve as the strategic financial business leader for the property. The role involves developing financial strategies, managing budgets, leading the finance team, and ensuring compliance.
Key Skills for This Role
Responsibilities
- Develop means to improve profit, including estimating cost and benefit, exploring new business opportunities
- Analyze information, forecast sales against expenses, and create annual budget plans
- Lead the development and implementation of a comprehensive annual business plan
- Oversee internal, external, and regulatory audit processes
- Manage property working capital and cash flow
- Ensure compliance with management contract and reporting requirements
Requirements
- 4 year bachelor's degree in Finance and Accounting or related major; 3 years experience in finance and accounting
- OR Master's degree in Finance and Accounting or related major; 1 year experience in finance and accounting
Full Job Posting
Job Summary
- Functions as the property’s strategic financial business leader.
- Champions, develops and implements property wide strategies to deliver products and services to meet or exceed needs and expectations.
- Provides financial expertise to enable successful implementation of brand service strategy and brand initiatives while maximizing return on investment.
Candidate Profile Education And Experience
- 4 year bachelor's degree in Finance and Accounting or related major; 3 years experience in the finance and accounting or related professional area.
- OR Master's degree in Finance and Accounting or related major; 1 year experience in the finance and accounting or related professional area.
Core Work Activities Engaging in Strategic Planning and Decision Making
- Develops means to improve profit, including estimating cost and benefit, 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 property.
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities.
- Implements 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.
- Leads the development and implementation of a comprehensive annual business plan.
Leading Finance Teams
- Utilizes interpersonal and communication skills to lead, influence, and encourage others.
- Communicates strategic goals, focus and owner priorities to subordinates in a clear and precise manner.
- Leverages strong functional leadership and communication skills to influence executive team and property strategies.
- 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 according to standard operating procedures.
Anticipating and Delivering on the Needs of Key Stakeholders
- Attends meetings and communicates with owners, understanding priorities and strategic focus.
- Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
- 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 in accordance with brand standard operating procedures and owner requirements.
- Facilitates critique meetings to review information with management team.
Developing and Maintaining Finance 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.
- Develops and supports achievement of performance goals, budget goals, team goals, etc.
- Improves profit growth in operating departments.
- Reviews audit issues to ensure accuracy.
- Monitor the purchasing process as applicable.
Managing Projects and Policies
- 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.
- 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.
- Ensures compliance with standard operating procedures.
Managing and Conducting Human Resource Activities
- 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.
- Conduct performance review process for employees.
- Participates in hiring activities as appropriate.
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