Area Director of Finance

Full-Time

Description

Overview

The Area Director of Finance is responsible for providing the financial expertise to enable the successful implementation of the annual Commercial and Business Plan and brand initiatives while maximizing the return on investment to the owners of Wequassett Resort and Red Jacket Collection. 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. This position will be responsible for the development of the area model, as well as the financial teams of various properties under the same flag and ownership. This position will oversee all financial services, IT systems and control functions relating to local properties as assigned while ensuring timely processing and reporting to corresponding ownership and management. The Area Director of Finance must be detail-orientated, analytical, strategic, and adaptable to manage and work through opportunities while remaining professional and focused on the job at hand.

Key Responsibilities

• Detailed understanding and execution of Month-End process for the properties, including but not limited, to the preparation of financial statements, accruals, journal entries. Maintains reconciliations for balance sheet accounts in established corporate formats and in accordance with local Generally Accepted Accounting Principles (local GAAP). Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• Manages finance/accounting department personnel to include but not limited to the responsibility of hiring, training, administering performance reviews for direct reports, determining wages, coaching and discipline, termination, overall team management and task delegation, and weekly scheduling.
• Analyzes information, forecasts sales against expenses and creates annual budget plans.
• Think creatively and practically to develop, execute and implement new business plans.
• Creates the annual operating budget for the property.
• Provides 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.
• Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
• Leads the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction
• Produces accurate forecasts that enable operations to react to changes in the business.
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision-making; demonstrates honesty/integrity; leads by example.
• Leverages strong functional leadership and communication skills to influence the property's strategies and to lead own team.
• Manages communication with the Managing Director, Corporate office and Investors in an effective manner.
• Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue costs and are recorded in the proper accounts).
• Ability to read and understand basic contract elements, e.g. royalty fees, management agreement, terms, priorities and profit distribution. Maintains close relations with the hotel’s internal and external auditors and ensures effective action necessary on agreed upon recommendations.
• Business Acumen - Understanding and utilizing business information.

Preferred Qualifications

• 10 years’ minimum Independent Resort financial management experience.
• Bachelor's degree or equivalent.
• Superior user capabilities in computer software products including Micros, OPERA, Simphony, ProfitSword, Acumatica, Hotel Effectiveness
• Ability to communicate effectively and in written form with the public as well as property team members.
• Essential statistical and analytical skills required to identify revenue opportunities and shortfalls.
• Ability to handle confidential information discretely and in the proper manner.
• Self-starter, and possess excellent presentation skills
• Proven track record of successful hotel distribution and revenue strategic planning
• Effective decision-making skills
• Strong problem-solving skills
• Strong organizational skills
• May be required to work varying schedules.
• Good communication skills (verbal, listening, writing)
• Effective conflict management skills
• Strong customer and colleague relation skills