Assistant Director of Finance and Accounting
About The Position
The Assistant Director of Finance and Accounting assists in developing and implementing property-wide strategies and business plans aligned with the property’s and brand’s business strategy. The role provides financial expertise to support brand service strategies and initiatives while maximizing return on investment and delivering desirable financial results. It supports financial planning, forecasting, budgeting, accounting controls, audit processes, compliance, and the management of property working capital and cash flow. The position also assists in leading the finance and accounting team, communicating with owners and other stakeholders, and supporting team development and performance.
Requirements
- A four-year bachelor's degree in Finance and Accounting or a related major and one year of experience in finance and accounting or a related professional area; alternatively, a master's degree in Finance and Accounting or a related major with no work experience required.
Responsibilities
- Assist in identifying opportunities to improve profit, estimating costs and benefits, and exploring new business opportunities.
- Analyze financial information, market trends, sales, expenses, wages, and budget variances; prepare forecasts and annual budget plans.
- Assist in creating the property’s annual operating budget and comprehensive annual business plan.
- Provide analytical support during budget reviews and monitor operating departments’ actual and projected sales.
- Produce accurate forecasts that help operations respond to changes in the business.
- Assist with implementing controls to manage business risks and safeguard assets, operations, and profitability.
- Lead, influence, and encourage team members; communicate strategic goals, focus, and owner priorities.
- Oversee internal, external, and regulatory audit processes and conduct performance appraisals for direct reports.
- Attend meetings and communicate with owners; understand and address the needs of owners, corporate stakeholders, and guests.
- Explain financial concepts clearly and persuasively, manage owner communications, and manage property working capital and cash flow in accordance with brand SOPs and owner requirements.
- Facilitate critique meetings with the management team.
- Ensure profit and loss statements are accurately documented, monitor applicable taxes, submit reports on time, and review audit issues.
- Support achievement of performance, budget, and team goals and improve profit growth in operating departments.
- Generate accurate and timely reports and presentations; reconcile balance sheets and ensure P&L accuracy.
- Ensure compliance with management contract and reporting requirements, standard operating procedures, and local operating procedures.
- Ensure team members are cross-trained, property policies are administered fairly and consistently, and new hires receive orientation and training.
- Create development plans for team members, conduct employee performance reviews, and participate in hiring activities as appropriate.
Benefits
- Training and development opportunities
- Recognition
- A community and camaraderie with a diverse group of coworkers
- A luxury work environment with a focus on holistic well-being
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What This Job Offers
Job Type
Full-time
Career Level
Manager
