Finance Manager - Hospitality - JN-082022-5739858

Principal Accountabilities

Engaging in strategic planning and decision Making:

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

Leading finance team:

1. Utilize interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision-making; demonstrates honesty/integrity; leads by example;
2. Communicate the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner;
3. Leverage strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team;
4. Oversee internal, external and regulatory audit processes;
5. Provide excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority;
6. Conduct annual performance appraisals with direct reports according to standard operating procedures.

Anticipating and delivering on the needs of key stakeholders:

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

Developing and maintaining finance goals

1. Ensure Profits and Losses are documented accurately;
2. Monitor all taxes that apply, ensuring that taxes are current, collected and/or accrued;
3. Submit reports in a timely manner, ensuring delivery deadlines;
4. Develop and support achievement of performance goals, budget goals, team goals;
5. Improve profit growth in operating departments;
6. Review audit issues to ensure accuracy;
7. Manage the purchasing process as applicable.

Managing projects and policies

1. Generate and provide accurate and timely results in the form of reports, presentations, etc;
2. Reconcile balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures;
3. Ensure that the P&L is accurate (e.g., costs are properly matched to revenue; costs are recorded in the proper accounts);
4. Ensure compliance with management contract and reporting requirements.