Regional Director of Finance

AccorHotel • Wailea-Makena, HI

2d • $200,000 - $260,000 • Hybrid

About The Position

The Regional Director of Finance & Business Support (RDOF) provides strategic leadership, functional guidance and valuable insights to Operations Leaders, Partners, Executive Committees and Department Heads for optimal business decisions for hotels within the region. This role interacts with ownership groups, asset managers, hotel legal counsel, insurance companies, tax consultants, auditors, and commercial and government banks to effectively control the assets of the business. The role is an interdependent part of the core regional team. The Regional Director of Finance & Business Support will be a highly motivated team player with strong accounting, communication, business presentation, and analytical skills, as well as a strong multi-unit business and finance leader.

Requirements

• Must be able to speak, read, write and understand the English language.
• Requires strong communication skills, both verbal and written to address all levels within the organization and ability to gain consensus and influence others.
• Must be able to read and write to facilitate the communication process.
• Must be service oriented and capable of communicating effectively with persons involved in all levels of authority, both internally and externally.
• Must possess computer skills, including, but not limited to, Microsoft Word, Excel, and e-mail functions.
• Experience with accounting system or similar financial software for the purpose of financial reporting, analysis and presentation.
• Ability to assess and understand a variety of internal and external economic and financial issues which impact the business, to analyze data and forecast future business trends, and to develop effective financial plans based on businesses assessments in multiple locations.
• Knowledge of finance, budgeting and accounting processes and regulations with demonstrated knowledge of capital project management, standards and techniques, and GAAP regulations and procedures.
• Must be able to multi-task and be detail-oriented in a fast-paced, high-volume environment.
• Maintain a professional working environment and attitude.
• Must maintain sanitation procedures as directed.
• Must be available to travel.
• Minimum of five (5) years of work experience as a Director of Finance, ideally in multiple progressive, in size and complexity, hotels.
• Experienced in all areas of finance and accounting; capital project management, financial reporting and analysis, merger and acquisition analysis, and / or related areas.
• The ideal candidate has previous experience managing multiple hotels or business units.
• Experience in leading & developing people and multiple teams.
• All Candidates must be in possession of identification proving authorization to work in the United States as defined in the Immigration Reform and Control Act of 1986 (IRCA).
• This Position does not offer sponsorship of Work Visas.

Nice To Haves

• CPA or MBA preferred.
• CPA Preferred.

Responsibilities

• Provide strategic leadership, functional guidance and valuable insights to Operations Leaders, Partners, Executive Committees and Department Heads for optimal business decisions for hotels within the region.
• Interact with ownership group, asset managers, hotel legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business.
• Create and embrace the culture of business partnering by working with the RVP, the Hotel Directors of Finance & Business Support in the region, the Hotel General Managers in the region, and the VP of Finance & Business Support; jointly responsible for achieving optimal operating performance and returns for Accor and our owners without losing sight of all measured KPI’s.
• Develop and manage key relationships with respective Hotel Directors of Finance & Business Support, Hotel General Managers and their senior managers to provide financial support and understanding of short and long-term financial plans.
• Review financial performance of hotel department/area, analysis of variances, forecasts and budgets of home hotel and hotels in the region. Challenge existing strategies and/or recommend alternate strategies to continually improve effectiveness of the business or financial management.
• Contribute to business decisions of the home hotel and hotels in the region; ensure the full conversion of revenue generation opportunities and the capturing of all revenues (i.e. RevPRO engagement).
• Provide oversight in the Hotel Directors of Finance and Business Support in the region with the development and implementation of “corrective action plans” on internal and or external audit and operational reports.
• Provide oversight in the development of the business acumen of all levels of the Hotel Leadership teams to ensure they understand the impact of every component on the business as a whole and embrace the fiscal reporting processes and other information available in order to drive the performance of their areas of responsibility.
• Promote, drive and maximize the GOP Theoretical Flow Through concept across hotels in the region.
• Support the RVP and the Hotel General Managers in the region in developing a strong business relationship with the hotel ownership groups by participating and contributing in meetings and discussions and responding proactively to owner requests and initiatives within the boundaries of the HMA, P&P’s, ownership structure and bank documents.
• Provide leadership in rolling out company initiatives and projects as required.
• Analyze and interpret financial data within the region and communicating this in a comprehensible form of meaningful variations in the operations. The analysis of the balance sheet accounts, on a selected basis and the review and analysis of the monthly internal benchmarking and operational performance analysis reports.
• Lead the development and implementation of benchmarking techniques that will enable the Hotels in the region to enhance revenues while improving productivity and cost efficiencies. Seek, identify and implement throughout the Hotels in the Region, best practices that will serve to enhance revenues, guest service and improve cost and productivity efficiencies.
• Oversee and lead in preparing, in conjunction with the RVP, the Hotel DOF and the Hotel General Managers, the annual budget, capital budgets and the rolling forecasts. Establish the annual budget preparation timelines, procedures and guidelines for hotels within his/her region and assist the RVP in presenting annual budgets to the Corporate team and ownerships.
• Recommend and engage with Operations in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules in the region, labor standards, forecasts, plans to assist operational staff in the Hotels. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary.
• Regularly review and analyze reports from buying programs for hotels within the region and improve costs by driving buying compliance and delivery efficiencies.
• Review and analyze monthly the forecast accuracy report for hotels within the region and drive accuracy in forecasting.
• Provide accurate and complete financial and management reports on a timely basis to Regional management within the region and the corporate office, in accordance with the company and ownership reporting requirements and policy. In addition, be responsible for reporting accurately and timely, the actual results as compared to budget/forecast results in his/her Hotels. Maintain adequate records to reflect the comparison of the actual expenditures for furniture, equipment and operating equipment to the budgeted amounts.
• Oversee all facets of the Hotel property capital process. Ensure all Hotels in the region establish and maintain the tracking of fixed assets sub-ledgers and depreciation.
• Participate in the development, maintenance and adherence to a single chart of accounts, payroll and expense dictionary, and the function of accounts in order that the property financial and statistical data is accurately and consistently recorded and reported.
• Oversee the preparation of all financial statements, accounting and statistical reports, and any other special reports that may be required by corporate office or the RVP, interpret said reports and then communicate the results of the region with the RVP Hotel Operations.
• Ensure the properties within the Region are reporting in compliance with the Uniform Chart of Accounts, Accor Policies & Procedures, ownership and bank documents and hotel management or other contractual agreements with respect to accounting matters.
• Ensure compliance of all laws and fiscal regulations of the hotel area locations. This includes seeing that proper permits and licenses are obtained for such things as liquor licenses, sellers permit, business licenses, etc.
• Protect the owners and the management company’s interest in the hotel assets and operations.
• Be the guardian of the Property Management Agreements. Management Agreement terms, priorities, performance tests and fees, and distribution requirements are completely understood and managed for all hotels in the region.
• Monitor and manage the safekeeping of all hotel leases and contracts and any other legal records and documents, which may affect the financial status of the hotel. Such documents are to be listed and keep current on the Critical Date List by each individual hotel.
• Conduct regular operations risk assessments, establish a risk register for the hotels and assist with preparing an action plan addressing the mitigation of identified risks, subject to regular reporting and follow up on the execution of the risk action plan. Ensure the timing and accurate reporting of all incidents in accordance with Company protocol.
• Maintain a thorough knowledge of policies and procedures. Understand and properly apply policies and procedures. Be the champion in the region to drive best practice and support hotels to achieve required policies and procedures.
• Monitor and audit control systems on a regular basis, as documented by Audit Services, to measure compliance with internal controls. Enforce segregation of duties for non-compatible functions. Explain and ensure understanding of controls by all employees, as part of their job description that the employee has acknowledged.
• Be accountable for the development, documentation, and maintenance of control systems, within the Hotels, to ensure compliance. Review and approve MIP and SIP payments for hotels within the region.
• Ensure cash flow is at or above minimum required as per HMA or is adequate to meet the needs of the hotel operations within the region.
• Review issues surrounding Accounting, Policy or Controls with ED of Finance & Business Support and/or RVP.
• Conduct effective balance sheet reviews at the hotels as well as regional reviews at the hotels as per defined schedule provided by corporate. Be responsible for any remediation action plans across the hotels as a result of these reviews as well as any on-site audit completed by Internal Audit Services.
• Develop, implement and monitor credit and collection procedures and guidelines pursuant to “adopted” corporate credit policies.
• Work within the Talent Management System to ensure the departmental performance of hotel staff in the Region is productive.
• Operate efficiently and optimize staffing levels.
• Plan for future staffing needs (Succession Planning). Focus on succession planning of DOFs and Assistant DOFs across the hotels.
• Plan and coordinate coverage for property vacancies. As needed, fill in vacant DOF positions until replacement is found.
• Recruit in line with company guidelines.
• Prepare detailed orientation programs for new DOFs.
• Maintain a comprehensive, current and guest focused set of departmental standards and procedures and oversee their implementation.
• Ensure training needs analysis of departmental staff is carried out and training programs are designed and implemented to meet needs.
• Deliver training.
• Actively work at developing direct reports and identify high potentials.
• Cross train and task force to develop talent.
• Conduct probation and formal performance appraisals in line with company guidelines.
• Coach, counsel and discipline staff, providing constructive feedback to enhance performance.
• Approve leave requests after considering peaks and troughs in the business.
• Regularly communicate with staff in both base and regional hotels to maintain positive relationships.
• Perform other similar or related duties as necessary.
• Maintain atmosphere of aloha spirit by providing engaging, personalized, timely, and efficient service to our discerning guests – internal or external.
• Focus attention on guest needs, remaining calm and courteous at all times.
• Promote and enforce health and safety awareness as well as have a complete understanding of the emergency procedures.
• Follow hotel and departmental policies, procedures and service standards.
• Contribute to the improvement of the operation by contributing ideas, making suggestions and actively participating in departmental communication meetings.
• Actively participate and promote the Fairmont Kea Lani, Maui’s environmental program and department specific initiatives in working towards sustainable operations.
• Check with manager before leaving shift. Bring any concerns to the attention of the Manager On Duty.

Benefits

• Comprehensive benefits package (Medical, Vision and Dental) including extended benefits like; Basic life insurance, TDI and Long-Term Disability for regular Full-time and Part-time employees
• Flexible spending account (FSA)
• 401(k) retirement savings plan and matching program
• Paid Vacation, holidays, personal and sick days
• Food & Beverage, Spa and on property specific discounts (venue and property specific discounts may vary)
• Wellness Offerings
• Employee benefit card offering discounted rates in Accor worldwide
• Learning programs through our Academies
• Opportunity to develop your talent and grow within your property and across the world!
• Employee Activities

What This Job Offers

• Job Type: Full-time
• Career Level: Manager