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Bench Director of Finance
3 months ago
Location Western Regional Office, 17872 Gillette Avenue Suite 300, Irvine, California, United States
Schedule Full-Time
Located Remotely? Y
Relocation? N
Position Type Management
JOB SUMMARY
The Bench Director of Finance is a key member of Americas Finance. This position Provide leadership and financial support to properties within a region, which may include interim Director of Finance roles, conducting audits, leading projects, training staff, etc.
This individual will work closely with regional finance teams, property leaders and Internal Audit to identify control weaknesses and present recommendations to financial leaders.
EXPECTED CONTRIBUTIONS
Based on the assignment, the Bench Director of Finance may perform some or all of the following functions:
Leads the development and implementation of a comprehensive annual business plan which is aligned with the companys and brands strategic direction, improves profit growth in operating departments and demonstrates a commitment to meeting the needs of all key stakeholders.
Creates the annual operating budget for the property and provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
Effectively manages communication with owners. Works through conflicts to create win/win results. Proactively anticipates and addresses needs and involves ownership in key decisions.
Collaborates with Operations and Revenue Managers to develop effective revenue management strategies and set aggressive goals that will drive the property's financial performance.
Participates in sales strategy and revenue management meetings and uses financial expertise and analytical models to evaluate mix of transient and group revenue and provide pricing and inventory recommendations that increase market share and attain revenue growth and profit goals.
Provides on going analytical support, e.g., monitoring the operating departments actual and projected sales and coaches management team to ensure revenue goals are met and opportunities are identified and addressed.
Effectively manages property working capital and cash flow in accordance with Marriott SOPs and owner requirements.
Identifies key projects and manages associated Capital Expenditure funds for implementation of brand initiatives, product improvement and increased revenue potential.
Uses financial analysis, data trends and market information to anticipate needs, identify operating/financial issues and recommend actions to maximize financial return. Highlights trends that are likely to shape the wants and needs of internal and external customers of the future; leads the organization in exploring business opportunities that create value for the customer while driving profit.
Functions as the propertysStrategic Financial Business Leader; develops and implements hotel-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brands target customer and property associates.
Analyzes financial data and market trends and produces accurate forecasts that enable operations to react to changes in the business and facilitates critique meetings to review information with management team. Provides regional and corporate recipients with forecast information in a timely manner.
Puts in place appropriate controls to manage business risks. Ensures a strong accounting and operational control environment to safeguard assets, improve
Ensures that accepted accounting and self-audit principles and policies are followed, and trains hotels about the adequacy and effectiveness of internal accounting procedures and operating systems and controls.
Confers with Company management on opportunities to improve policies, programs, and activities of the Americas; makes recommendations regarding specific areas of responsibility. Ensures consistent treatment and resolution of issues.
Meets with Company management at all levels to discuss audit plans and results and make recommendations to resolve findings requiring corrective action.
Works closely with Internal Audit to follow-up on issues and recommendations resulting from their own property and regional audits, and develops plans to improve overall control environment.
Train property teams on control environment enhancements and share best practices within and between hotels in a region.
CANDIDATE PROFILE
Knowledge and Skills
Thorough knowledge of the principles, procedures, and techniques of accounting, and of financial records and transactions including, but not limited to, generally accepted accounting principals.
Strong communications (verbal and written), organization and presentation skills
Strong financial management and analytical skills; ability to identify trends in financial statements
Knowledge of purchasing, inventory controls, supplies and equipment
Knowledge of overall hotel operations and governances
Governmental regulations and safety standards (OSHA, EPA, ADA, CFC, NFPA)
Systems skills, including MS Office and hotel systems (Peoplesoft or SAP, etc.)
Ability to work independently and take initiative; strong time management skills
Ability to translate financial concepts into actionable business strategies and tactics
Strong interpersonal skills with the ability to negotiate and influence others at all levels, including senior management
Effective decision-making skills; can choose a prompt course of action amongst options involving uncertainty or risk
Strong problem-solving skills; encourages new innovative solutions when appropriate
Ability to build consensus amongst various stakeholders with competing priorities
Minimum Job Specifications
Bachelor's degree in accounting, finance or a related field.
Starwood experience strongly preferred
Minimum of 4 years of experience, including at least one of the following areas:
1+ year as previous Director of Finance
2+ years as previous Assistant Director of Finance
3+ years experience in hotel auditing
Location
- This position may be based remotely and will require approximately 100% travel.
California Applicants Only: The salary range for this position is $96,038 to $209,169 annually.
Colorado Applicants Only: The salary range for this position is $96,038 to $190,154 annually.
Hawaii Applicants Only: The salary range for this position is $116,205 to $209,169 annually.
New York Applicants Only: The salary range for this position is $96,038 to $209,169 annually.
Washington Applicants Only: The salary range for this position is $96,038 to $209,169 annually. In addition to the annual salary, the position will be eligible to receive an annual bonus. Employees will accrue 0.04616 PTO balance for every hour worked and eligible to receive minimum of 7 holidays annually.
All locations offer coverage for medical, dental, vision, health care flexible spending account, dependent care flexible spending account, life insurance, disability insurance, accident insurance, adoption expense reimbursements, paid parental leave, educational assistance, 401(k) plan, stock purchase plan, discounts at Marriott properties, commuter benefits, employee assistance plan, and childcare discounts. Benefits are subject to terms and conditions, which may include rules regarding eligibility, enrollment, waiting period, contribution, benefit limits, election changes, benefit exclusions, and others.
The application deadline for this position is 28 days after the date of this posting, June 7, 2024.
Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.
Marriott International is the worlds largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.
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