Chief Financial Operations Officer

1 day ago

Scottsdale, Arizona, United States Marriott International Full time

Job Summary

The Chief Financial Operations Officer serves as the property's strategic financial business leader, championing, developing, and implementing property-wide strategies to deliver products and services that meet or exceed the needs and expectations of the brand's target customer and property employees. This role provides financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing return on investment.

Candidate Profile

Education and Experience

  • A 4-year bachelor's degree in Finance and Accounting or a related major; 2 years of experience in the finance and accounting or related professional area.
  • OR
  • A Master's degree in Finance and Accounting or a related major; no work experience required.

Core Work Activities

Engaging in Strategic Planning and Decision Making

  • Develop means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
  • Analyze information, forecast sales against expenses, and create annual budget plans.
  • Compile information, analyze, and monitor actual sales against projected sales.
  • Analyze differences between actual budget wages and forecasted wages for more efficient budget planning.
  • Identify the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Think creatively and practically to develop, execute, and implement new business plans.
  • Create the annual operating budget for the property.
  • Provide analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers.
  • Implement a system of appropriate controls to manage business risks.
  • Ensure a strong accounting and operational control environment to safeguard assets, improve operations, and profitability.
  • Analyze financial data and market trends.
  • Lead the development and implementation of a comprehensive annual business plan aligned with the company's and brand's strategic direction.
  • Provide ongoing analytical support by monitoring the operating department's actual and projected sales.
  • Produce accurate forecasts that enable operations to react to changes in the business.

Leading Finance & Accounting Teams

  • Utilize interpersonal and communication skills to lead, influence, and encourage others; advocate sound financial/business decision-making; demonstrate honesty/integrity; lead by example.
  • Communicate the strategic goals, focus, and owner priorities to subordinates in a clear and precise manner.
  • Lead by leveraging strong functional leadership and communication skills to influence the executive team, property strategies, and own team.
  • Oversee internal, external, and regulatory audit processes.
  • Provide excellent leadership by assigning team members and other departments' managers clear accountability backed by appropriate authority.
  • Conduct annual performance appraisals with direct reports according to Standard Operating Procedures.

Anticipating and Delivering on the Needs of Key Stakeholders

  • Attend meetings and communicate with owners, understanding priorities and strategic focus.
  • Understand and meet the needs of key stakeholders (owners, corporate, guests, etc.).
  • Advise the GM and executive committee on existing and evolving operating/financial issues.
  • Communicate financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
  • Demonstrate an understanding of cash flow and owner priorities.
  • Manage communication with owners in an effective manner.
  • Manage property working capital and cash flow in accordance with brand SOPs and owner requirements.
  • Facilitate critique meetings to review information with the management team.

Developing and Maintaining Finance and Accounting Goals

  • Ensure profits and losses are documented accurately.
  • Monitor all taxes that apply, ensuring taxes are current, collected, and/or accrued.
  • Submit reports in a timely manner, ensuring delivery deadlines.
  • Develop and support achievement of performance goals, budget goals, team goals, etc.
  • Improve profit growth in operating departments.
  • Review audit issues to ensure accuracy.

Managing Projects and Policies

  • Generate and provide accurate and timely results in the form of reports, presentations, etc.
  • Reconcile the balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs.
  • Ensure the P&L is accurate (costs are properly matched to revenue, costs are recorded in the proper accounts).
  • Ensure compliance with management contract and reporting requirements.
  • Ensure compliance with standard and local operating procedures (SOPs and LSOPs).
  • Ensure compliance with Standard Operating Procedures (SOPs).

Managing and Conducting Human Resource Activities

  • Ensure team members are cross-trained to support successful daily operations.
  • Ensure property policies are administered fairly and consistently.
  • Ensure new hires participate in the department's orientation program.
  • Ensure new hires receive the appropriate new hire training to successfully perform their job.
  • Create appropriate development plans that develop team members based on their individual strengths, development needs, career aspirations, and abilities.
  • Conduct performance review process for employees.
  • Participate in hiring activities as appropriate.

Marriott International Benefits

Marriott International offers a competitive salary range of $97,000 to $125,000 annually, comprehensive health care benefits, 401(k) plan with up to 5% company match, employee stock purchase plan at 15% discount, accrued paid time off (including sick leave where applicable), life insurance, group disability insurance, travel discounts, adoption assistance, paid parental leave, health savings account (except for positions based out of or performed in Hawaii), flexible spending accounts, tuition assistance, pre-tax commuter benefits, other life and work wellness benefits, and may include other incentives such as stock awards and deferred compensation plans. Benefits and incentive compensation may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions. Marriott reserves the right to modify compensation and benefits at any time, with or without notice, subject to applicable law.

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.

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