Director of Finance and Accounting

Marriott•Monterey, CA

3d•$148,000 - $198,000

About The Position

The Director of Finance and Accounting functions as the property’s strategic financial business leader. This position develops and implements property-wide strategies to meet or exceed the needs and expectations of the brand’s target customers and property employees. It provides financial expertise to support the implementation of the brand service strategy and initiatives while maximizing return on investment. The role creates and executes a business plan aligned with property and brand strategy, focusing on financial and accounting activities and desirable financial results. The Director leads strategic planning and financial decision-making, budgeting, forecasting, accounting controls, audits, and compliance. The position advises the General Manager and executive committee on operating and financial issues, manages communication with owners, and oversees the finance and accounting team. It also supports team development, performance management, training, and hiring activities.

Requirements

A four-year bachelor’s degree in Finance and Accounting or a related major, plus two years 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

Develop strategies to improve profit, evaluate costs and benefits, and explore new business opportunities.
Analyze information, forecast sales and expenses, create annual budget plans, and monitor actual results against projections.
Analyze wage variances and identify cost-saving and productivity opportunities.
Create the property’s annual operating budget and lead development and implementation of a comprehensive annual business plan aligned with company and brand strategy.
Implement controls to manage business risks and safeguard assets, operations, and profitability.
Analyze financial data and market trends and provide ongoing analytical support to operating departments.
Produce accurate forecasts that enable operations to respond to business changes.
Lead, influence, and communicate strategic goals and owner priorities to the finance team and executive team.
Oversee internal, external, and regulatory audit processes.
Assign clear accountability and authority to team members and department managers; conduct annual performance appraisals for direct reports.
Attend meetings and communicate with owners to understand their priorities and strategic focus.
Understand and meet stakeholder needs, including those of owners, corporate teams, and guests.
Advise the General Manager and executive committee on current and emerging operating and financial issues.
Explain financial concepts clearly and persuasively to encourage desired behaviors.
Manage property working capital and cash flow in accordance with brand standard operating procedures and owner requirements.
Facilitate critique meetings with the management team.
Ensure profit and loss statements are documented accurately and monitor taxes to ensure they are current, collected, or accrued.
Submit reports on time and support achievement of performance, budget, and team goals.
Improve profit growth in operating departments and review audit issues for accuracy.
Generate accurate and timely reports and presentations.
Reconcile balance sheet accounts and ensure balances have appropriate supporting documentation.
Ensure profit and loss statements are accurate, with costs matched to revenue and recorded in proper accounts.
Ensure compliance with management contracts, reporting requirements, and standard and local operating procedures.
Ensure team members are cross-trained and that property policies are administered fairly and consistently.
Ensure new hires participate in orientation and receive appropriate job training.
Create development plans based on team members’ strengths, development needs, career aspirations, and abilities.
Conduct employee performance reviews and participate in hiring activities as appropriate.