Job Purpose
This position is responsible for the overall financial management of the Hotel including financial reporting budget and forecasts preparation as well as the development and maintenance of adequate internal accounting control policies and procedures to ensure compliance with generally accepted accounting principles or international financial reporting standards.
Key Interactions
Internally
- All department heads
- Owner / Owners representative
Externally
Government bodiesAccounting / Finance AssociationBanksFinancial AgenciesPrimary Responsibilities
Accounting & Finance
Oversee the daily operations of the Finance departmentDirect and coordinate hotel financial planning and budget management functionsMonitor and analyze monthly operating results against budgetDirect and coordinate debt financing and debt service payments with external agenciesPrepare annual reports of actual revenues transfers and expensesAnalyze financial outlooks and prepare financial forecastsPrepare financial analysis for contract negotiations and product investment decisionsEnsure compliance with local state and federal budgetary reporting requirementsEstablish and implement short and longrange departmental goals objectives policies and operating proceduresMaintain an organizational structure and staffing to effectively accomplish the departments goals and objectivesServe as primary legislative liaison relative to company financial issuesDirect financial audits and provide recommendations for procedural improvementsConduct regular checks on procedures for purchasing receiving storing issuing food preparing and portioningTeam Management
Interview select and recruit direct reportsIdentify and develop team members with potentialConduct performance review and manages performance issues that arise within the management teamConstantly monitor team members performance attitude and degree of professionalismWork with Talent & Culture function to ensure appropriate hiring training motivating coaching counseling and development of team members according to the changing needs of the businessConduct monthly departmental meetings to provide information to team members obtain their feedback rectify issues and provide a regular forum for department communicationOther Responsibilities
Attend all briefings meetings and trainings as assigned by managementMaintain a high standard of personal appearance and hygiene at all timesBe aware of the hotel fire & life safety / emergency proceduresPerform other reasonable duties assigned by the assigned by the ManagementMain Complexity / Critical issues in the Job
Ensure that both internal control as well as external expenditure must be properly recorded and handled with high integrity and honesty.
Qualifications : Education :
Accounting Designation Bachelors or masters degree in Business Finance or a relevant field of work or an equivalent combination of education and workrelated experience. CPA or MBA preferredExperience :
10 years progressive workrelated experience in multiple areas of accounting and / or capital projects management and reporting financial and / or business analysis accounting merger / acquisition analysis or a related area with 5 to 7 years managing teams and / or significant complex projects.Must have 5 years Director of Finance experience at a property with over $50m in annual revenue.Must have opening or repositioning experience.Must be comfortable navigating ownership representatives and ensuring fluid communication.Must have union environment experience.Technical Skills and Knowledge :
Demonstrated ability to assess and understand a variety of internal and external economic and financial issues which impact the business to analyze data and forecast future business trends and to develop effective financial plans based on businesses assessments.Demonstrated experience in leading & developing people. Strong communication skills both verbal and written to address all levels within the organization and ability to gain consensus and influence others.Demonstrated experience with accounting system or similar financial software for the purpose of financial reporting analysis and presentation.Demonstrated knowledge of finance budgeting and accounting processes and regulations along with demonstrated knowledge of capital projects management standards and techniques and GAAP regulations and procedures.Decision making responsibilities (Key Decision Rights) :
Significant impact on the financial planning cost management budgeting and operations of assigned unit. Decisions made and analytical data gathered directly influences business operating decisions made by senior management.Significant impact on the tracking and maintenance of budget and financial performance data for assigned division on capital spend and on the accurate and timely reporting of current financial and budget status to senior management.Dual Reporting Responsibilities :
The Director of Finance & Business Supports dual reporting responsibilities could potentially give rise to a situation where there is a conflict between the Director of Finance & Business Supports responsibilities. Such a situation can usually be resolved by referring to the Companys Policy and Procedures Manuals. If the manuals are not specific or applicable and the General Manager and Director of Finance & Business Support are not able to come to a mutually satisfactory agreement the Regional Director of Finance & Business Support should be consulted.Communicates effectively in English both verbally and in writing.Visa Requirements : Must be legally eligible to work in the United StatesThe hotel is unable to assist candidates in obtaining work authorization documents. This position is Not Remote.Additional Information :
Your team and working environment :
If creating memories and being part of an exceptional guest experience appeals to you perhaps you would be interested in joining the outstanding team of hospitality professionals at The Fairmont Washington D.C. Georgetown.Our commitment to Diversity & Inclusion :
We are an inclusive company and our ambition is to attract recruit and promote diverse talent.
Remote Work : Employment Type :
Fulltime
Key Skills
Accounting Software,Forecasting,Ellucian,Financial Report Writing,GAAP,Accounting,Corporate Finance,Financial Analysis,Financial Modeling,Budgeting,Financial Management,Financial Planning
Vacancy : 1
Salary : $50
