Director Of Finance

CORE WORK ACTIVITIES



Engaging in Strategic Planning and Decision Making

• Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.

• Analyzes information, forecasts sales against expenses and creates annual budget plans.

• Compiles information, analyzes and monitors actual sales against projected sales.

• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.

• Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

• Thinks creatively and practically to develop, execute and implement new business plans

• Creates the annual operating budget for the property.

• Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.

• Implements a system of appropriate controls to manage business risks.

• Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.

• Analyzes financial data and market trends.

• Leads the development and implementation of a comprehensive annual business plan which is aligned with the company’s and brand’s strategic direction.

• Provides on going analytical support by monitoring the operating department’s actual and projected sales.

• Produces accurate forecasts that enable operations to react to changes in the business.



Leading Finance Teams

• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.

• Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.

• Leverages strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team.

• Oversees internal, external and regulatory audit processes.

• Provides excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.

• Conducts annual performance appraisals with direct reports according to standard operating procedures.



Anticipating and Delivering on the Needs of Key Stakeholders

• Attends meetings and communicating with the owners, understanding the priorities and strategic focus.

• Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).

• Advises the GM and executive committee on existing and evolving operating/financial issues.

• Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.

• Demonstrates an understanding of cash flow and owner priorities.

• Manages communication with owners in an effective manner.

• Manages property working capital and cash flow in accordance with brand standard operating procedures and owner requirements.

• Facilitates critique meetings to review information with management team.



Developing and Maintaining Finance Goals

• Ensures Profits and Losses are documented accurately.

• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.

• Submits reports in a timely manner, ensuring delivery deadlines.

• Develops and supports achievement of performance goals, budget goals, team goals, etc.

• Improves profit growth in operating departments.

• Reviews audit issues to ensure accuracy.

• Monitor the purchasing process as applicable.



Managing Projects and Policies

• Generates and provides accurate and timely results in the form of reports, presentations, etc.

• Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.

• 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 management contract and reporting requirements.

• Ensures compliance with standard and local operating procedures.

• Ensures compliance with standard operating procedures.



Managing and Conducting Human Resource Activities

• Ensures team members are cross-trained to support successful daily operations.

• 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.

• Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.

• Conduct performance review process for employees.

• Participates in hiring activities as appropriate.