Reporting to the General Manager, 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.
Areas of Responsibility
Accounting & Finance
- Oversee the daily operations of the Finance department
- Direct and coordinate hotel financial planning and budget management functions
- Monitor and analyze monthly operating results against budget
- Direct and coordinate debt financing and debt service payments with external agencies
- Prepare annual reports of actual revenues, transfers, and expenses
- Analyze financial outlooks and prepare financial forecasts
- Prepare financial analysis for contract negotiations and product investment decisions
- Ensure compliance with local, state, and federal budgetary reporting requirements
- Establish and implement short- and long-range departmental goals, objectives, policies and operating procedures
- Maintain an organizational structure and staffing to effectively accomplish the department’s goals and objectives
- Serve as primary legislative liaison relative to company financial issues
- Direct financial audits and provide recommendations for procedural improvements
- Conduct regular checks on procedures for purchasing, receiving, storing, issuing, food preparing and portioning
Team Management
- Interview, select and recruit direct reports
- Identify and develop team members with potential
- Conduct performance review and manages performance issues that arise within the management team
- Constantly monitor team members performance, attitude and degree of professionalism
- Work with Talent & Culture function to ensure appropriate hiring, training, motivating, coaching, counseling and development of team members according to the changing needs of the business
- Conduct monthly departmental meetings to provide information to team members, obtain their feedback, rectify issues and provide a regular forum for department communication
Other Responsibilities
- Attend all briefings, meetings and trainings as assigned by management
- Maintain a high standard of personal appearance and hygiene at all times
- Be aware of the hotel fire & life safety/emergency procedures
- Perform other reasonable duties assigned by the assigned by the Management
