Assistant Director of Finance and Accounting
Marriott International - Boston, MA
posted 4 months ago
About the position
The Assistant Director of Finance and Accounting plays a crucial role in championing, developing, and implementing property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand's target customer and property employees. This position provides financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment. The Assistant Director assists in the creation and execution of a business plan that aligns with the property and brand's business strategy, focusing on the execution of financial and accounting activities and the delivery of desirable financial results. In this role, the Assistant Director will develop means to improve profit, including estimating costs and benefits, exploring new business opportunities, and analyzing information to forecast sales against expenses. They will compile information, analyze, and monitor actual sales against projected sales, and assist in identifying the underlying principles, reasons, or facts of information by breaking down data into separate parts. The Assistant Director will also think creatively and practically to assist in the development, execution, and implementation of new business plans, and provide ongoing analytical support by monitoring the operating department's actual and projected sales. The position requires strong leadership skills, as the Assistant Director will utilize interpersonal and communication skills to lead, influence, and encourage others. They will oversee internal, external, and regulatory audit processes, conduct annual performance appraisals with direct reports, and ensure that team members are cross-trained to support successful daily operations. The Assistant Director will also manage communication with owners effectively, ensuring that property working capital and cash flow are managed in accordance with brand SOPs and owner requirements. Overall, this role is integral to the financial health and operational success of the property.
Responsibilities
- Develop means to improve profit, including estimating cost and benefit, exploring new business opportunities.
- Analyze information, forecast sales against expenses, and create annual budget plans.
- Compile information, analyze, and monitor actual sales against projected sales.
- Analyze differences between actual budget wages and forecasted wages for more efficient budget planning.
- Assist in identifying the underlying principles, reasons, or facts of information by breaking down data into separate parts.
- Think creatively and practically to assist in the development, execution, and implementation of new business plans.
- Assist in the creation of the annual operating budget for the property.
- Provide analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers.
- Assist in the implementation of a system of appropriate controls to manage business risks.
- Analyze financial data and market trends.
- Assist in the development and implementation of a comprehensive annual business plan aligned with the company's and brand's strategic direction.
- Provide ongoing analytical support by monitoring the operating department's actual and projected sales.
- Produce accurate forecasts that enable operations to react to changes in the business.
- Utilize interpersonal and communication skills to lead, influence, and encourage others; advocate sound financial/business decision making.
- Communicate the strategic goals, focus, and owner priorities to subordinates in a clear and precise manner.
- Oversee internal, external, and regulatory audit processes.
- Provide excellent leadership by assigning team members and other department managers clear accountability backed by appropriate authority.
- Conduct annual performance appraisals with direct reports according to Standard Operating Procedures.
- Attend meetings and communicate with the owners, understanding the priorities and strategic focus.
- Understand and meet the needs of key stakeholders (owners, corporate, guests, etc.).
- Communicate financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
- Manage property working capital and cash flow in accordance with brand SOPs and owner requirements.
- Facilitate critique meetings to review information with the management team.
- Ensure profits and losses are documented accurately.
- Monitor all taxes that apply, ensuring that taxes are current, collected, and/or accrued.
- Submit reports in a timely manner, ensuring delivery deadlines.
- Develop and support achievement of performance goals, budget goals, team goals, etc.
- Improve profit growth in operating departments.
- Review audit issues to ensure accuracy.
- Generate and provide accurate and timely results in the form of reports, presentations, etc.
- Reconcile balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs.
- Ensure that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
- Ensure compliance with management contract and reporting requirements.
- Ensure compliance with standard and local operating procedures (SOPs and LSOPs).
- Ensure compliance with Standard Operating Procedures (SOPs).
- Ensure team members are cross-trained to support successful daily operations.
- Ensure property policies are administered fairly and consistently.
- Ensure new hires participate in the department's orientation program.
- Ensure new hires receive the appropriate training to successfully perform their job.
- Create appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations, and abilities.
- Conduct performance review process for employees.
- Participate in hiring activities as appropriate.
Requirements
- 4-year bachelor's degree in Finance and Accounting or related major; 1 year experience in the finance and accounting or related professional area.
- OR Master's degree in Finance and Accounting or related major; no work experience required.
Benefits
- Bonus program
- Comprehensive health care benefits
- 401(k) plan with up to 5% company match
- Employee stock purchase plan at 15% discount
- Accrued paid time off (including sick leave where applicable)
- Life insurance
- Group disability insurance
- Travel discounts
- Adoption assistance
- Paid parental leave
- Health savings account (except for positions based out of or performed in Hawaii)
- Flexible spending accounts
- Tuition assistance
- Pre-tax commuter benefits
- Other life and work wellness benefits
- May include other incentives such as stock awards and deferred compensation plans.
