Director of Finance

Marriott•Portland, OR

About The Position

The Director of Finance functions as the property’s strategic financial business leader. This role 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 brand service strategies and initiatives while maximizing return on investment. The Director of Finance creates and executes a business plan aligned with the property’s and brand’s business strategy, focusing on financial activities and desirable financial results. The role leads financial planning, budgeting, forecasting, controls, accounting, audit, and reporting activities. It advises the General Manager and executive committee on operating and financial issues, manages relationships and communication with owners, and leads the finance team and related human-resource activities. The position is with Renaissance Hotels, part of Marriott International.

Requirements

A four-year bachelor’s degree in Finance and Accounting or a related major, plus three 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, plus one year of relevant experience.
Ability to analyze financial data, budgets, sales, expenses, wages, cash flow, and market trends.
Leadership, interpersonal, and communication skills to influence executives, lead teams, and communicate financial concepts clearly.
Ability to develop and execute business plans, forecasts, budgets, and financial controls.
Ability to manage audits, reporting, accounting accuracy, stakeholder communications, and compliance.

Responsibilities

Develop strategies to improve profit, assess costs and benefits, and explore new business opportunities.
Analyze financial information and market trends; forecast sales and expenses; prepare annual budget plans; and monitor actual sales against projections.
Create the property’s annual operating budget and provide analytical support during budget reviews to identify cost-saving and productivity opportunities.
Develop and implement an annual business plan aligned with company and brand strategy, and produce accurate forecasts that help operations respond to changes.
Establish appropriate controls to manage business risks and safeguard assets, operations, and profitability.
Lead and influence finance teams, communicate strategic goals and owner priorities, and assign clear accountability and authority.
Oversee internal, external, and regulatory audit processes and conduct annual performance appraisals for direct reports.
Attend owner meetings, understand stakeholder priorities, advise the General Manager and executive committee on operating and financial issues, and manage owner communications.
Manage property working capital and cash flow in accordance with brand procedures and owner requirements.
Facilitate management critique meetings and explain financial concepts clearly to promote desired behaviors.
Ensure profits and losses are documented accurately, taxes are current and properly collected or accrued, reports are submitted on time, and audit issues are reviewed for accuracy.
Support achievement of performance, budget, and team goals and improve profit growth in operating departments.
Monitor the purchasing process as applicable.
Generate accurate and timely reports and presentations; reconcile balance-sheet accounts with supporting documentation; and ensure accurate P&L accounting and cost matching.
Ensure compliance with management contracts, reporting requirements, and standard and local operating procedures.
Cross-train team members, administer property policies consistently, and ensure new hires complete orientation and appropriate training.
Create development plans based on team members’ strengths, development needs, career aspirations, and abilities; conduct employee performance reviews and participate in hiring as appropriate.