JOB SUMMARY
The position champions and implements property- wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand’s target customer and property employees. The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment.
CORE WORK ACTIVITIES
Supporting Strategic Planning and Decision Making
• Analyzes financial data and market trends.
• Assists in analyzing information, forecasts sales against expenses and creates annual budget plans.
• Protects and strengthens our competitive advantage by advocating and supporting sound business and financial decision making.
• Assists in developing means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Implements a system of appropriate controls to manage business risks.
• Compiles information, analyzes and monitors actual sales against projected sales.
• Thinks creatively and practically to develop, execute and implement new business plans
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
Leading Accounting Teams
• Provides excellent leadership by assigning team members and other departments managers&039; clear accountability backed by appropriate authority.
• Holds staff accountable for successful performance.
• Communicates the goals and the owner priorities to subordinates in a clear and precise manner.
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
Developing and Maintaining Finance and Accounting Goals
• Ensures appropriate corrections are made to audit results if necessary.
• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
• Submits reports in a timely manner, ensuring delivery deadlines.
• Ensures Profits and Losses are documented accurately.
• Reviews audit issues to ensure accuracy.
• Supports property strategy from a finance and accounting perspective
Managing Projects and Policies
• Generates and providing accurate and timely results in the form of reports, presentations, etc.
• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
• Ensures compliance with standard and local operating procedures (SOPs and LSOPs).
• Oversees internal, external and regulatory audit processes.
• Ensures compliance with Standard Operating Procedures (SOPs).
Anticipating and Delivering on the Needs of Key Stakeholders
• Facilitates critique meetings to review information with management team.
• Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
• Leverages strong functional leadership and communication skills to influence the executive team, the property&039;s strategies and to lead own team.
• Attends meetings and communicates with the owners, understanding the priorities and strategic focus.
• Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
• Anticipates and addresses owner needs and involves ownership in key decisions.
• Understands the owners&039; perspective and ROI expectations.
• Demonstrates a commitment to meeting the needs of all key stakeholders.
• Attends owners meetings in order to provide context and explanation for financial results.
• Advises the GM and executive committee on existing and evolving operating/financial issues.
Managing and Conducting Human Resource Activities
• Ensures property policies are administered fairly and consistently.
• Ensures new hires participate in the department’s orientation program.
• Ensures new hires receive the appropriate new hire training to successfully perform their job.
• Ensures team members are cross- trained to support successful daily operations.
• Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.
