Financial Controller serving as the property’s strategic financial business leader, developing and implementing financial strategies and overseeing accounting operations and controls, requiring a bachelor’s or master’s degree in Finance and Accounting, 3-5 years experience in a similar role and luxury hospitality background, in a hotel environment, on-site role.
Job Summary
- Functions
as the property’s strategic financial business leader. The position
champions, develops 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. In addition, creates and executes a business plan that is aligned
with the property and brand’s business strategy and focuses on the
execution of financial and accounting activities and the delivery of
desirable financial results.
Education and Experience
- Bachelor’s
degree in Finance and Accounting or Master’s degree in Finance and
Accounting or related major.
- Must
have 3 – 5 years experience in a similar role.
- Luxury
Background required.
Key Responsibilities
Engaging
in Strategic Planning and Decision Making
- Analyzes
financial data and market trends.
- Analyzes
information, forecasts sales against expenses and creates annual budget
plans.
- Compiles
information, analyzes and monitors actual sales against projected sales.
- Develops
means to improve profit, including estimating cost and benefit, exploring
new business opportunities, etc.
- 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
- Protects
and strengthens our competitive advantage by advocating and supporting
sound business and financial decision making.
- Ensures
a strong accounting and operational control environment to safeguard
assets, improve operations and profitability.
- Implements
a system of appropriate controls to manage business risks.
Leading
Accounting 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.
- Provides
excellent leadership by assigning team members and other departments
managers’ clear accountability backed by appropriate authority.
- Holds
staff accountable for successful performance.
Developing
and Maintaining Finance and Accounting Goals
- Supports
property strategy from a finance and accounting perspective
- Submits
reports in a timely manner, ensuring delivery deadlines.
- Ensures
Profits and Losses are documented accurately.
- Achieves
and exceeds goals including performance goals, budget goals, team goals,
etc.
- Ensures
appropriate corrections are made to audit results if necessary.
- Reviews
audit issues to ensure accuracy.
Managing
Projects and Policies
- Monitors
all taxes that apply, ensuring that taxes are current, collected and/or
accrued.
- Generates
and providing accurate and timely results in the form of reports,
presentations, etc.
- 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).
- Ensures
that the P&L is accurate (e.g., costs are properly matched to revenue,
costs are recorded in the proper accounts).
Anticipating
and Delivering on the Needs of Key Stakeholders
- Understands
and meets the needs of key stakeholders (owners, corporate, guests, etc.).
- Understands
the owners’ perspective and ROI expectations.
- Anticipates
and addresses owner needs and involves ownership in key decisions.
- Leverages
strong functional leadership and communication skills to influence the
executive team, the property’s strategies and to lead own team.
- Advises
the GM and executive committee on existing and evolving
operating/financial issues.
- Facilitates
critique meetings to review information with management team.
- Attends
owners meetings in order to provide context and explanation for financial
results.
- Attends
meetings and communicates with the owners, understanding the priorities
and strategic focus.
- Demonstrates
a commitment to meeting the needs of all key stakeholders.
- Communicates
financial concepts in a clear and persuasive manner that is easy to
understand and drives desired behaviors.
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.
