Area Director of Finance

$160,000 - $200,000/Yr

Hyatt - New York, NY

Full-time - Director

New York, NY

Accommodation

About the position

At Hyatt, we believe our guests select Hyatt because of our caring and attentive associates who are focused on providing efficient service and meaningful experiences. The Area Director of Finance is a highly visible role with exposure to Senior and Corporate leadership, overseeing both Hyatt Grand Central and Park South Hotel. This position reports to the hotel General Manager and is responsible for planning, organizing, directing, and controlling the accounting and control function of the division, reporting operational results, and providing financial support to hotel management. The role of the hotel director of finance as the hotel's "Chief Financial Officer" can be categorized into four main areas of discipline: Financial Management, Operational Leadership, Internal Controls and Risk, and Business Partner. In Financial Management, the director oversees generating accurate and reliable financial reports, data, and analysis, month-end financial close, forecasting/budgeting, internal/external audits, and owner/corporate reporting. Operational Leadership involves cultivating finance talents and non-finance functional team leaders in financial literacy, prioritizing inclusion, diversity, and equity, and improving operational efficiency. In terms of Internal Controls and Risk, the director is responsible for risk assessment and mitigation, maintaining internal controls and segregation of duties, and keeping up with local legislation changes. As a Business Partner, the director provides actionable analytical insights to maximize business results and supports strategic decision-making by implementing processes and partnering with the operational team to optimize targeted results and track performance. Duties include managing short and long-term planning and the management of the Accounting function, participating in total hotel management as a member of the Hotel Leadership Committee, and leading hotel on-site accounting functions to ensure proper fiscal management. The director also assists in nurturing relationships with owners, supervises and coordinates owner reporting, and provides custom reports as needed. Additionally, the director is responsible for managing SOX compliance, completing the year-end audit process, preparing and reviewing financial statements, and supervising the Information Technology function.

Responsibilities

• Responsible for short and long-term planning and the management of the Accounting function
• Participate in total hotel management as a member of the Hotel Leadership Committee
• Manage and lead hotel on-site accounting functions to ensure proper fiscal management, timely and accurate reporting and analysis for the hotel
• Assist in nurturing the important relationship with the owners and supervise owner reporting
• Provide actionable analytical insights to maximize core business results and enhance hotel performance
• Enable disciplined resource allocation to promote proactive decisions
• Manage SOX compliance
• Complete the year-end audit process and coordinate external auditor's visits
• Prepare and review all monthly and annual financial statements and investigate variances
• Aid in the preparation and final review of the annual business plans
• Supervise the Information Technology function and understand hotel operational systems
• Review monthly and quarterly property financial forecasts and assure attainability
• Coach and counsel employees to reflect Hyatt service standards
• Cultivate people leaders for advancing care for colleagues
• Prioritize inclusion, diversity, and equity
• Monitor organizational behavior and industry trends
• Maintain accountability of business strategic initiatives while upholding core values
• Embrace change through technology-enabled management

Requirements

• Demonstrated ability to effectively interact with people of diverse socioeconomic, cultural, disability, and ethnic backgrounds
• 6 years or more of progressive hotel Accounting experience
• Previous hotel pre-opening experience preferred
• Service-oriented style with professional presentation skills
• Hospitality or Accounting degree preferred
• High energy, entrepreneurial spirit, motivational leader
• Effective communicator with exceptional customer service skills
• Clear concise written and verbal communication skills in English
• Advanced user of Microsoft Word and Excel
• Excellent organizational, interpersonal, and administrative skills
• Maintain communications with Corporate Staff

Benefits

• Salary Range: $160K-$200K