Director of Finance
1 month ago
Summary
At Hyatt, we believe our guests select Hyatt because of our caring and attentive associates who are focused on providing efficient service and meaningful experiences. As a member of the properties Leadership Committee, the Director of Finance is a highly visible role with exposure to Senior and Corporate leadership. This position reports to the hotel General Manager. The Director of Finance plans, organizes, directs, and controls the accounting and control function of the division, reports operational results, and provides financial support to hotel management.
The role of the hotel director of finance as the hotel’s “Chief Financial Officer” can be categorized into four main areas of discipline as described below.
- Financial Management: oversight of generating accurate and reliable financial reports, data, and analysis, month-end financial close, forecasting/budgeting, internal/external audits, owner/corporate reporting, etc.
- Operational Leadership: cultivating finance talents and non-finance functional team leaders in financial literacy; prioritizing inclusion, diversity, and equity; colleague wellbeing; operational efficiency improvement; accountability, etc.
- Internal Controls and Risk: risk assessment and risk mitigation, maintaining internal controls and segregation of duties, keeping up with local legislation changes, contract/license/permit administration, etc.
- Business Partner: providing actionable analytical insights to maximize business results, providing financial perspectives and insights to support strategic decision-making, implementing processes, and partnering with the operational team to optimize the targeted results and track and measure the performances, etc.
Duties include:
- Responsible for short and long-term planning and the management of the accounting function
- Participate in total hotel management as a member of the Hotel Leadership Committee
- Manage and lead hotel on-site accounting functions to ensure proper fiscal management, timely and accurate reporting and analysis for the hotel. This responsibility also includes hotel financial planning, budgeting, accounting, and cash management
- Assist in nurturing the important relationship with the owners. Be responsible for supervising and coordinating owner reporting as required. Provide custom reports, respond quickly to questions or requests, and attend meetings
- Provide Actionable Analytical Insights to maximize core business results as well as forward looking to enhance and evolutionize hotel performance and to optimize stakeholder values on long term strategies
- Enable disciplined resource allocation to promote and enable smart and proactive decisions
- Manage SOX compliance
- Complete the year-end audit process. Review and approve all reconciliations and audit work papers. Coordinate external auditor's visits, respond to auditor requests, approve any and all adjustments, reconcile the audit numbers to the property numbers and approve the final audit
- Prepare and review all monthly and annual financial statements. Investigate, review and analyze the variance explanations, involving the department managers in this process. Take initiative to manage and troubleshoot for respective cost controls and revenue enhancement
- Aid in the preparation and final review of the annual business plans
- Supervise the Information Technology function. Additionally have a sound understanding of the hotel operational and back-office systems as well as Microsoft Office products
- Have a sound understanding of the forecasting system and the tools from Revenue Management. Review monthly and quarterly property financial forecasts. Assure that the forecast is attainable
- Coach and counsel employees to reflect Hyatt service standards and procedures Hyatt associates work in an environment that demands exceptional performance yet reaps great rewards.
- Cultivate people leaders so that they are more enabled and accountable for advancing care for colleagues
- Prioritize Inclusion, diversity, and equity
- Monitor and keep up with organization behavior and industry trends that create values
- Maintain accountability of business strategic initiatives without compromising the core business values, relationships, and mission
- Embrace change - technology enabled management using collaboration tools to reduce manual work and new behavioral techniques to get the best of the staff’s talent
**Qualifications**:
- Demonstrated ability to effectively interact with people of diverse socioeconomic, cultural, disability, and ethnic backgrounds
- 6 years or more of progressive hotel accounting experience
- With opening hotels, previous hotel pre-opening experience preferred
- Service oriented style with professional presentations skills
- Hospitality or Accounting degree preferred
- Must possess the following strengths: high energy, entrepreneurial spirit, motivational leader, effective communicator, effective in providing exceptional custo
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