Marriott International

Manages and franchises hotels around the world

Director of Finance

Financial AccountingConfirmed live in the last 24 hours

Full-timeFlorida, USA$115k - $120k /yrIn-person

About the Job

Requirements

At least 5 years of hospitality finance or accounting experience.
Prior Controller or Director of Finance experience, preferably at a premium-branded hotel.
A bachelor's degree is required, preferably in Finance or Accounting.
Must supervise 2 or more employees.
Must be proficient in Windows, company-approved spreadsheets and word processing, and the operation of all hotel-specific systems.

Responsibilities

Manage and communicate cash flow issues, including preparing monthly property financial statements, managing receivables, payables, and cash balances, maintaining control mechanisms, and ensuring timely deposits.
Monitor hotel revenues and expenses and ensure accurate recording under established guidelines; monitor and control hotel cash flow and operating forecasts.
Create annual budgets and monthly variance analyses; investigate variances against budget or prior year and offer practical improvement methodologies to management.
Ensure compliance with regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes, and assist management in enforcing compliance.
Analyze financial data and operations to assist and advise management in maintaining the hotels' financial objectives.
Comply with standard accounting policies and procedures and internal controls for finance and accounting operations.
Review and approve balance sheet accounts in a timely manner, including monthly bank and general ledger account reconciliations.
Establish and continually audit internal financial controls for purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
Ensure successful completion of internal and external financial audits, coordinate work with CPA firms, and deliver requested information to auditors on time.
Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
Maintain compliance with hotel standards and regulations to ensure safe and efficient hotel operations.
Direct or prepare required financial reports to meet due dates, including weekly A/R and A/P aging, flash, payroll, and revenue reports; monthly financial statements, forecasting key statistics, and cash flow reports; and annual budgets, five-year plans, and five-year capital plans.
Interact in a timely manner with Executive Committee members to ensure property operations are on track and under control.
Monitor hotel compliance with report deadlines and due dates and respond accordingly.
Monitor accurate production of the hotel daily operating report.
Execute other special projects and responsibilities as assigned.

Desired Qualifications

Prior Controller or Director of Finance experience at a premium-branded hotel is preferred.

Additional Information: This hotel is owned and operated by an independent franchisee, Highgate Holdings. The franchisee is a separate company and a separate employer from Marriott International, Inc. The franchisee solely controls all aspects of the hotel’s employment policies and practices, including hiring, firing, discipline, staffing, compensation, benefits, and all other terms and conditions of employment. If you accept a position at this hotel, you will be employed by a franchisee and not by Marriott International, Inc.

Overview

The Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Highgate Hotels ‘s Standard Operating Procedures; and safeguarding owners/investors assets.

Responsibilities

Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Highgate Hotels established guidelines. Monitors and controls Hotel’s cash flow and operating forecast.
Creates annual budgets and monthly variance analysis. Investigates and critiques variances to budget or to prior year and offer practical improvement methodologies to management.
Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance on all these items.
Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
Complies with Standard Accounting policies and procedures and internal controls for finance and accounting operations
Timely reviews and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
Hire, train, supervise and develop staff, including coaching, counseling and discipline.
Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
Directs or prepares all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines, i.e:
- Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates
- Monthly: Financial Statements, Forecasting KeyStatistics Report, Cash Flow
- Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
Timely interacts with Executive Committee members to assure that property operations are on track and under control at all times.
Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
Monitor the accurate production of the hotel daily operating report.
Executes other special projects and responsibilities as assigned.

Qualifications

At least 5 or more years of Hospitality Finance/Accounting experience.
Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
Excellent verbal and written communication skills.
Bachelor’s degree required preferably in Finance or Accounting.
Must supervise 2 or more employees
Must be proficient in Windows, Company approved spreadsheets and word processing and in the operation of all hotel-specific systems.

Benefits

We are pleased to offer to our full-time associates a comprehensive and competitive benefits package designed to support your health, well-being, and financial future. Medical insurance, dental insurance, vision insurance, life insurance, short-term and long-term disability insurance 401(k) Retirement Plan with employer matching contributions Paid holidays Paid vacation Paid sick leave (provided in accordance with applicable law) Employee assistance program (EAP) Educational opportunities / Tuition reimbursement

This company is an equal opportunity employer.

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Pay Range (US/Canada/EMEA): $115,000 - $120,000 annually

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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