Director of Finance and Accounting

$111,000 - $144,000/Yr

Marriott International - Houston, TX

Full-time - Manager

Houston, TX

Accommodation

About the position

The Director of Finance and Accounting serves as the strategic financial leader for the property, responsible for developing and implementing financial strategies that align with the brand's goals. This role focuses on maximizing return on investment through effective financial planning, analysis, and management of accounting activities. The Director will create and execute a business plan that supports the property’s objectives while ensuring compliance with financial regulations and standards.

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 efficient budget planning.
• Identify underlying principles, reasons, or facts of information by breaking down data into separate parts.
• Think creatively and practically to develop, execute, and implement new business plans.
• Create the annual operating budget for the property.
• Provide analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers.
• Implement a system of appropriate controls to manage business risks.
• Ensure a strong accounting and operational control environment to safeguard assets, improve operations, and profitability.
• Analyze financial data and market trends.
• Lead 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 clearly.
• Leverage strong functional leadership and communication skills to influence the executive team and lead own team.
• 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 their priorities and strategic focus.
• Understand and meet the needs of key stakeholders (owners, corporate, guests, etc.).
• Advise the GM and executive committee on existing and evolving operating/financial issues.
• Communicate financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
• Demonstrate an understanding of cash flow and owner priorities.
• Manage communication with owners effectively.
• 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 applicable taxes, ensuring they 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, costs are properly matched to revenue, and 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 appropriate training to successfully perform their job.
• Create appropriate development plans for 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; 2 years experience in finance and accounting or related professional area.
• 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
• Stock awards and deferred compensation plans