Director of Finance & Business Support

Benefits

Additional Information

Under the business supervision of the Regional Director of Finance or Vice-President Finance and the General Manager, and within the limits of ACCOR policies and procedures and local requirements, the position is responsible for the supervision of all members of the hotel Finance and Accounting Department. The Director of Finance provides strategic leadership, functional guidance and valuable insights to Operations Leader, Partner, Executive Committee and Department Heads for optimal business decision; Interacting with hotel's legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The Director of Finance will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills. Strong systems background needed. Responsible for leading, completing, and monitoring month end closing process for the Hotel Operation and the Residential component of the property. Timely preparation of monthly financial statements and forecast for the property, part of a large condominium project involving multiple entities and stakeholders. Creation and embracing the culture of business partnering by working with General Manager. The Director of Finance and the General Manager are jointly responsible for achieving optimal operating performance and returns for ACCOR and our owners without losing sight of all measured KPI's. Develop and manage key relationships and respective Management Committee members and their senior managers to provide financial support and understanding of short and long-term financial plans. Review financial performance of department/area, analysis of variances, forecasts, and budgets. Challenge existing strategies and/or recommend alternate strategies to continually improve effectiveness of the business or financial management. Contribute to all business decisions of the hotel regarding revenue generation, hotel expenditure and investment. To assist other department heads in the development and implementation of "corrective action plans" on internal and or external audit and operational reports. To assist in the development of the business acumen of all levels of the hotel Leadership team to ensure they understand the impact of every component on the business as a whole and embrace the fiscal reporting processes, and information available in order to drive the performance of their areas of responsibility. Attend and contribute to Weekly Revenue Meeting discussions with a focus on identifying opportunities and risks in Rooms, Conference & Banqueting and other revenues, to drive revenue growth. Promote, drive, and maximize GOP Theoretical Flow Through, GOPPAR index, concept across the departments. Support the General Manager in developing a strong business relationship with hotel owner by participating and contributing to meetings and discussions and responding proactively to owner requests and initiatives within the boundaries of the HMA. Responsible for the analysis and interpretation of the financial data and communicating this in a comprehensible form, of meaningful variations in the operations. The analysis of the balance sheet accounts, on a selected basis and the preparation of the monthly internal benchmarking and operational performance analysis reports. To assist in the development and implementation of benchmarking techniques that will enable the hotel to enhance revenues while improving productivity and cost efficiencies. To seek, identify and implement throughout the hotel best practices that will serve to enhance revenues, guest service and improve cost and productivity efficiencies. To assist in preparing, in conjunction with the General Manager and other department heads, the annual budget, capital budgets and the rolling forecast. The Director of Finance will establish the annual budget preparation procedures and guidelines. To recommend and assist in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules, labor standards, forecast, plans to assist operational staff. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary. To provide accurate and complete financial and management reports on a timely basis to hotel management, corporate office, and owners in accordance with the company and ownership reporting requirements and policy. In addition, the Director of Finance is responsible for reporting accurately and timely, the actual results as compared to budget/forecast results. He/she is to maintain adequate records to reflect the comparison of the actual expenditures for furniture, equipment, and operating equipment to the budgeted amounts. Manage all facets of the capital process. Ensure all hotels establish and maintain the tracking of fixed assets sub-ledgers and depreciation. To participate in the development, maintenance, and adherence to a single chart of accounts