Director of Finance and Accounting

Marriott•Washington, DC

6h•$154,000 - $198,000

About The Position

The Director of Finance and Accounting serves as the property’s strategic financial business leader, developing and implementing property-wide strategies to meet or exceed the needs of the brand’s target customers and property employees. The role provides financial expertise for implementing brand service strategies and initiatives while maximizing return on investment, and creates and executes a business plan aligned with the property’s and brand’s strategies, focused on financial and accounting activities and desirable financial results. The position leads financial planning, budgeting, forecasting, analysis, accounting controls, audits, cash flow, and working capital management. It advises the general manager and executive committee on financial and operating issues, communicates with owners and other stakeholders, and leads finance and accounting team members. The role also oversees performance management, training, development, hiring participation, and compliance with applicable company, brand, and local procedures.

Requirements

A bachelor’s degree in Finance and Accounting or a related major, plus 2 years of experience in finance and accounting or a related professional area; OR
A master’s degree in Finance and Accounting or a related major; no work experience is required.

Responsibilities

Develop strategies and opportunities to improve profit, including estimating costs and benefits.
Analyze financial information, market trends, sales, expenses, wages, and budget variances.
Create the property’s annual operating budget and support budget reviews by identifying cost-saving and productivity opportunities.
Lead development and implementation of an annual business plan aligned with company and brand strategy.
Produce accurate forecasts and monitor actual and projected operating department sales.
Implement controls to manage business risks and safeguard assets, operations, and profitability.
Lead and influence the finance and accounting team and communicate strategic goals, focus, and owner priorities.
Oversee internal, external, and regulatory audit processes.
Assign clear accountability and authority to team members and other department managers.
Conduct annual performance appraisals with direct reports.
Attend owner meetings, understand stakeholder priorities, and manage owner communications effectively.
Advise the general manager and executive committee on operating and financial issues.
Communicate financial concepts clearly to encourage desired behaviors.
Manage property working capital and cash flow in accordance with brand procedures and owner requirements.
Facilitate critique meetings with the management team.
Ensure profit-and-loss statements are accurate and taxes are current, collected, or accrued.
Submit reports on time and support achievement of performance, budget, and team goals.
Review audit issues and improve profit growth in operating departments.
Prepare accurate and timely reports and presentations.
Reconcile balance-sheet accounts and ensure balances have appropriate supporting documentation.
Ensure costs are matched to revenue and recorded in the proper accounts.
Ensure compliance with management contract and reporting requirements, standard operating procedures, and local operating procedures.
Ensure team members are cross-trained and that new hires complete orientation and job training.
Administer property policies fairly and consistently.
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.