Marriott International - Santa Barbara, CA
posted 5 months ago
The Finance Manager at The Ritz-Carlton Bacara Santa Barbara plays a crucial role in championing, developing, and implementing property-wide strategies that deliver exceptional products and services to meet or exceed the needs and expectations of both the brand's target customers and property employees. This position provides essential financial expertise to ensure the successful implementation of the brand service strategy and initiatives while maximizing return on investment. The Finance Manager will assist in creating and executing a business plan that aligns with the property and brand's overall business strategy, focusing on financial and accounting activities to achieve desirable financial results. In this role, the Finance Manager will be responsible for strategic planning and decision-making, which includes developing means to improve profit by estimating costs and benefits, exploring new business opportunities, and analyzing information to forecast sales against expenses. The position requires compiling and analyzing actual sales against projected sales, identifying differences between actual budget wages and forecasted wages, and assisting in the creation of the annual operating budget for the property. The Finance Manager will also provide ongoing analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers, ensuring that a system of appropriate controls is in place to manage business risks. Leading the finance and accounting team is another key responsibility, where the Finance Manager will utilize interpersonal and communication skills to lead, influence, and encourage team members. This includes overseeing internal, external, and regulatory audit processes, conducting annual performance appraisals, and ensuring that team members are cross-trained to support successful daily operations. The Finance Manager will also be responsible for anticipating and delivering on the needs of key stakeholders, managing property working capital and cash flow, and facilitating critique meetings to review information with the management team. Additionally, the Finance Manager will ensure that profits and losses are documented accurately, monitor applicable taxes, and submit reports in a timely manner. The role involves generating accurate and timely results in the form of reports and presentations, ensuring compliance with management contracts and reporting requirements, and developing and supporting the achievement of performance goals. The Finance Manager will also participate in hiring activities and create development plans for team members based on their strengths and career aspirations, ensuring that new hires receive appropriate training to perform their jobs successfully.