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Marriott International

Manages and franchises hotels around the world

Director of Finance

Corporate Finance & FP&APosted on Nov 11
Full-timeSonoma, CA, USA$110k - $130k /yrIn-person

About the Job

Requirements

  • A four-year college degree or equivalent education and experience is required; accounting is preferred.
  • Five to ten years of employment in a related position is required.
  • Knowledge of hotel accounting functions performed by subordinate staff is required.
  • Advanced knowledge of accounting, finance, and hospitality is required.
  • Ability to analyze activities or information involving original data manipulation or interpretation to reach logical conclusions is required.
  • Knowledge of office management, bank reconciliations, state and federal reporting, training accounting staff, conducting or participating in meetings, balance sheet account analysis, journal entries, closing the books, and preparing the balance sheet package is required.

Responsibilities

  • Assist in operating each leader's department and special projects; identify risks and present solutions to guide leaders in making financially effective decisions for the hotels.
  • Develop annual operating budgets, operating plans, and financial goals, and achieve budgeted revenues, costs, and profits through accounting diligence, expenditure controls, and proficient accounting practices.
  • Set quarterly written priorities and key objectives for each department head, including action plans and completion dates; follow up on implementation and take corrective action when objectives are not met.
  • Forecast operating staff and cost expenditures monthly, and plan business in line with forecasted sales and costs while guiding department heads.
  • Review financial statements monthly to correct problems, ensure spending is aligned, and plan for future business; review and approve departmental other expenses and regularly assess major expenditures.
  • Promote associate morale and loyalty, communicate with and counsel staff, support staff development, remain available to associates, and attend monthly department employee meetings when possible.
  • Conduct performance appraisals and personal development plans for management staff; identify substandard performance and outline improvement actions, including corrective or disciplinary measures.
  • Ensure hotel management has the experience, knowledge, and ability to meet job requirements.
  • Review controls and ensure adherence to protect hotel property and assets.
  • Review sales solicitation activities, room-night productivity, and group room rates; review individual productivity and corrective actions; evaluate market mix and take action to increase business; support key-account sales solicitation by reviewing contracts, meeting with the sales department, and visiting or calling key-account contacts.
  • Perform other duties as assigned, requested, or deemed necessary by management.

Desired Qualifications

  • A four-year college degree in accounting is preferred.

About the Company

Marriott International

Manages and franchises hotels around the world

Marriott International manages and franchises hotels and resorts for leisure and business travelers, with brands spanning luxury stays, select-service hotels and extended visits. Its portfolio includes The Ritz-Carlton, Sheraton and Courtyard, giving hotel owners different formats for serving guests. Most properties belong to third-party owners: Marriott earns management fees tied to hotel revenue and profit, or franchise royalties for use of its brands and systems, while owning or leasing a small share itself. The company also licenses its names for branded residences and vacation ownership properties. With operating roots dating to 1927, Marriott is headquartered in Bethesda, Maryland.

Company size
10,001+
Company stage
IPO
Headquarters
Bethesda, MD
Founded
1927

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