Multi-Property Director of Finance

Job Number 24042838

Job Category Finance & Accounting

Location Cologne Marriott Hotel, Johannisstrasse 76-80, Cologne, North Rhine-Westphalia, Germany

Schedule Full-Time

Located Remotely? N

Relocation? N

Position Type Management

JOB SUMMARY

Functions as the strategic financial business leader for a cluster of properties within a market. Responsible for achieving financial goals at each participating property. The position champions, develops and implements property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand’s target customer and property employees. The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on. In addition, creates and executes a business plan that is aligned with the brand’s business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results.

CANDIDATE PROFILE

Education and Experience

• 4-year bachelor's degree in Finance and Accounting or related major; 2 years experience in the finance and accounting or related professional area.

OR

• Master's degree in Finance and Accounting or related major; no work experience required.

CORE WORK ACTIVITIES

Engaging in Strategic Planning and Decision Making

• Develops means to improve profit, including estimating cost and benefit and exploring new business opportunities.

• Analyzes information, forecasts sales against expenses and creates annual budget plans.

• Compiles information, analyzes and monitors actual sales against projected sales.

• Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.

• Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.

• Thinks creatively and practically to develop, execute and implement new business plans.

• Creates the annual operating budget for the properties.

• Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.

• Leads the development and implementation of a comprehensive annual business plan which is aligned with the company’s and brand’s strategic direction.

• Produces accurate forecasts that enable operations to react to changes in the business.

• Collaborates with Operations and Revenue Managers to develop effective revenue management strategies.

Leading Finance & Accounting Teams for Cluster

• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.

• Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.

• Oversees internal, external and regulatory audit processes.

• Provides on going analytical support by monitoring the operating department’s actual and projected sales.

• Uses financial expertise and analytical models to evaluate mix of transient and group revenue.

Anticipating and Delivering on the Needs of Key Stakeholders

• Demonstrates a commitment to meeting the needs of all key stakeholders.

• Understands and meeting the needs of key stakeholders (owners, corporate, guests, etc.).

• Advises the GM and executive committee on existing and evolving operating/financial issues.

• Demonstrates an understanding of cash flow and owner priorities.

• Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.

• Understands the owners' perspective and ROI expectations.

• Attends meetings and communicating with the owners, understanding the priorities and strategic focus.

Developing and Maintaining Finance and Accounting Goals

• Ensures Profits and Losses are documented accurately.

• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.

• Submits reports in a timely manner, ensuring delivery deadlines.

• Improves profit growth in operating departments.

• Coaches management team to ensure revenue goals are met and opportunities are identified and addressed.

• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.

• Sets aggressive goals that will drive the cluster's financial performance.

• Provides pricing and inventory recommendations that increase market share and attain revenue growth and profit goals.

Managing Projects and Policies

• Champions the use of technology to create operational efficiency.

• Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs.

• Identifies key projects and manages associated Capital Expenditure funds for implementation of brand initiatives, product improvement and increased revenue potential.

Managing and Conducting Human Resource Activities

• Ensures employees are treated fairly and equitably.

• Holds staff accountable for successful performance.

Additional Responsibilities

• Shares alternative viewpoints and encourages others to do so as well.

• Generates and provides accurate and timely results in the form of reports, presentations, etc.

• Negotiates effectively while maintaining positive relationships with others.

• Participates in sales strategy and revenue management meetings.

Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.

Marriott Hotels strive to elevate the art of hospitality, innovating at every opportunity while keeping the comfort of the oh-so-familiar all around the globe. As a host with Marriott Hotels, you will help keep the promise of “Wonderful Hospitality. Always.” by delivering thoughtful, heartfelt, forward-thinking service that upholds and builds upon this living legacy. With the name that’s synonymous with hospitality the world over, we are proud to welcome you to explore a career with Marriott Hotels. In joining Marriott Hotels, you join a portfolio of brands with Marriott International. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.

JW Marriott is part of Marriott International's luxury portfolio and consists of more than 100 beautiful properties in gateway cities and distinctive resort locations around the world. JW believes our associates come first. Because if you’re happy, our guests will be happy. JW Marriott associates are confident, innovative, genuine, intuitive, and carry on the legacy of the brand’s namesake and company founder, J.Willard Marriott. Our hotels offer a work experience unlike any other, where you’ll be part of a community and enjoy true camaraderie with a diverse group of co-workers. JW creates opportunities for training, development, recognition and most importantly, a place where you can pursue your passions in a luxury environment with a focus on holistic well-being. Treating guests exceptionally starts with the way we take care of our associates. That’s The JW Treatment™. In joining JW Marriott, you join a portfolio of brands with Marriott International. Be where you can do your best work,​ begin your purpose, belong to an amazing global​ team, and become the best version of you.

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