Senior Assistant Director of Finance and Accounting

$81,000 - $102,000/Yr

Marriott International - Bal Harbour, FL

Full-time - Manager

Bal Harbour, FL

Accommodation

About the position

The Senior Assistant Director of Finance and Accounting plays a crucial role in the financial management of The St. Regis Bal Harbour Resort. This position is responsible for championing, developing, and implementing property-wide strategies that align with the brand's service strategy and initiatives. The individual will provide financial expertise to ensure the successful execution of these strategies while maximizing return on investment. The role involves creating and executing a business plan that aligns with both the property and brand's overall business strategy, focusing on financial and accounting activities to achieve desirable financial results. In this position, the Senior Assistant Director will assist in strategic planning and decision-making processes. This includes developing methods to improve profitability, analyzing sales forecasts against expenses, and creating annual budget plans. The individual will compile and analyze information to monitor actual sales against projections, identify discrepancies in budget wages, and assist in the development of the annual operating budget. Furthermore, the role requires providing analytical support during budget reviews to identify cost-saving opportunities and implementing controls to manage business risks effectively. The Senior Assistant Director will also lead the finance and accounting team, utilizing strong interpersonal and communication skills to influence and encourage team members. This includes overseeing audit processes, conducting performance appraisals, and ensuring clear accountability among team members. The position requires a proactive approach to understanding and meeting the needs of key stakeholders, including owners and corporate management, while effectively managing property working capital and cash flow. Additionally, the role involves developing and maintaining finance and accounting goals, ensuring accurate documentation of profits and losses, monitoring tax compliance, and submitting timely reports. The Senior Assistant Director will manage projects and policies, ensuring compliance with standard operating procedures and generating accurate reports and presentations. Human resource activities are also a key component of this role, including cross-training team members, administering property policies, and participating in hiring activities.

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.
• Assist in identifying 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 clearly.
• 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 owners, understanding their 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.
• 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 are met.
• Develop and support the 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 and presentations.
• Reconcile balance sheets to ensure account balances are supported by appropriate documentation in accordance with SOPs.
• Ensure that the P&L is accurate, with costs properly matched to revenue and 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 development plans for team members based on their strengths, development needs, career aspirations, and abilities.
• Conduct performance review processes for employees.
• Participate in hiring activities as appropriate.

Requirements

• 4-year bachelor's degree in Finance and Accounting or related major; 1 year of experience in finance and accounting or related professional area.
• OR a Master's degree in Finance and Accounting or related major; no work experience required.

Benefits

• 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
• Potential incentives such as stock awards and deferred compensation plans