rosewood hotel group

Job summary    Under the business supervision of the Regional Director Finance Business Partner and the Hotel Managing Director/General Manager, and within the limits of Rosewood Hotel Group policies  ...

Job summary Under the business supervision of the Regional Director Finance Business Partner and the Hotel Managing Director/General Manager, and within the limits of Rosewood Hotel Group policies and procedures and local requirements, the position is responsible for the supervision of all members of the hotel Finance and Accounting Department. The Director Finance Business Partner provides strategic leadership, functional guidance and valuable insights to Operations Leader, Partner, Executive Committee and Department Heads for optimal business decision; Interacting with hotel&#39;s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The Director Finance Business Partner will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills. Strong systems background needed. Essential Duties and Responsibilities - (Key Activities) 1. Business Partnering and Performance Management <ul><li> Creation and embracing the culture of business partnering by working with Managing Director/General Manager. The Director Finance Business Partner and the Managing Director/General Manager are jointly responsible for achieving optimal operating performance and returns for Rosewood Hotel Group and our owners without losing sight of all measured KPI&#39;s. </li><li> Develop and manage key relationships and respective Executive Committee members and their senior managers to provide financial support and understanding of short and long-term financial plans. </li><li> Review financial performance of department/area, analysis of variances, forecasts and budgets. Challenge existing strategies and/or recommend alternate strategies to continually improve effectiveness of the business or financial management. </li><li> Contribute to all business decisions of the hotel regarding revenue generation, hotel expenditure and investment. </li><li> To assist other department heads in the development and implementation of "corrective action plans" on internal and or external audit and operational reports. </li><li> To assist in the development of the business acumen of all levels of the hotel Leadership team to ensure they understand the impact of every component on the business as a whole and embrace the fiscal reporting processes, and information available in order to drive the performance of their areas of responsibility. </li><li> Attend and contribute to Weekly/Monthly Revenue Meeting discussions with a focus on identifying opportunities and risks in Rooms, Conference & Banqueting and other revenues, to drive revenue growth. </li><li> Promote, drive and maximize GOP Theoretical Flow Through concept across the departments. </li><li> Support the Managing Director/General Manager in developing a strong business relationship with hotel owner by participating and contributing in meetings and discussions and responding proactively to owner requests and initiatives within the boundaries of the HMA. </li></ul> 2. Financial Planning, Reporting and Analysis <ul><li> Responsible for the analysis and interpretation of the financial data and communicating this in a comprehensible form, of meaningful variations in the operations. The analysis of the balance sheet accounts, on a selected basis and the preparation of the monthly internal benchmarking and operational performance analysis reports. </li><li> To assist in the development and implementation of benchmarking techniques that will enable the hotel to enhance revenues while improving productivity and cost efficiencies. To seek, identify and implement throughout the hotel best practices that will serve to enhance revenues, guest service and improve cost and productivity efficiencies. </li><li> To assist in preparing, in conjunction with the Managing Director/General Manager and other department heads, the annual budget, capital budgets and the rolling forecast. The Director Finance Business Partner will establish the annual budget preparation procedures and guidelines. </li><li> To recommend and assist in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules, labour standards, forecast, plans to assist operational employees. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary. </li><li> To provide accurate and complete financial and management reports on a timely basis to hotel management, corporate office and owners in accordance with the company and ownership reporting requirements and policy. In addition, the Director Finance Business Partner is responsible for reporting accurately and timely, the actual results as compared to budget/forecast results. He/she is to maintain adequate records to reflect the comparison of the actual expenditures for furniture, equipment and operating equipment to the budgeted amounts. </li><li> Manage all facets of the capital process. Ensure all hotels establish and maintain the tracking of fixed assets sub-ledgers and depreciation. </li><li> To participate in the development, maintenance and adherence to a single chart of accounts, payroll and expense dictionary, and the function of accounts in order that the hotels financial and statistical data is accurately and consistently recorded and reported. </li><li> In addition to the preparation of all financial statements, accounting and statistical reports, and any other special report that may be required by corporate office or the Managing Director/General Manager, the Director Finance Business Partner is responsible for interpreting said reports and then communicating the results with the Managing Director/General Manager and relevant department heads. </li></ul> 3. Compliance & Risk Management <ul><li> Has a fiduciary responsibility to the Company and/or Owners for ensuring the hotels are reporting in compliance with the policies, the Uniform Chart of Accounts and hotel management or other contractual arrangements with respect to accounting matters. </li><li> All laws and fiscal regulations of the area location, which effect financial matters of the hotel, will be complied with. This includes seeing that proper permits and licenses are obtained for such things as liquor licenses, sellers permit, business licenses, etc. </li><li> To protect the owners and the management company&#39;s interest in the hotel assets and operations. Director Finance Business Partner should be the guardian of the Hotel Management Agreement. Management Agreement terms, priorities, performance tests and incentive fees distribution requirements are completely understood and managed. </li><li> The safe keeping of all lease and contracts and any other legal records and documents, which may affect the financial status of the hotel. Such documents are to be listed and keep current on the Critical Date List. </li><li> Working with Managing Director/General Manager and hotel executive committee, Director Finance Business Partner shall conduct regular operations risk assessments, establish a risk register for the hotel and prepare an action plan addressing the mitigation of identified risks, subject to regular reporting and follow up on the execution of the risk action plan. They shall ensure the timing and accurate reporting of all incidents in accordance with Company protocol. </li></ul> 4. Control and Policies & Procedures <ul><li> A thorough knowledge of policies and procedures required. A thorough knowledge of understanding and proper application of policies and procedures. </li><li> Control systems are monitored and audited on a regular basis, as documented by Audit Services, to measure compliance with internal controls. Segregation of duties for non-compatible functions is enforced. Controls are explained and understood by all employees, as part of their job description that the employee has signed off on. </li><li> Accountable for the development, documentation and maintenance, within hotels, to ensure compliance with the requirements of internal/standard controls. </li><li> Ensure cash flow is adequate to meet the needs of the operation. Approve all cash disbursements and ensure that all disbursements are properly documented and executed. Approve all rebates, adjustments and allowances in accordance with company policy. </li><li> Issues surrounding Accounting, Policy or Controls are reviewed with MD, Regional Director Finance Business Partner and /or VP Finance. </li><li> Developing, implementing and monitoring credit and collection procedures and guidelines pursuant to "adopted" corporate credit policies. </li></ul> 5. People and Talent Management <ul><li> Work within the Rosewood Hotel Group&#39;s Talent and Culture Management System to ensure the departmental performance of employees is productive. Duties include: </li><li> Operate efficiently and optimize staffing levels </li><li> Plan for future staffing needs (Succession Planning) </li><li> Recruit in line with company guidelines </li><li> Prepare detailed orientation programmes for new employees </li><li> Maintain a comprehensive, current and guest focused set of departmental standards and procedures and oversee their implementation </li><li> Ensure training needs analysis of your departmental employees is carried out and training programmes are designed and implemented to meet needs </li><li> Deliver training </li><li> Actively work at developing your direct reports and identify high potentials </li><li> Conduct probation and formal performance appraisal in line with company guidelines </li><li> Coach, counsel and discipline employees, providing constructive feedback to enhance performance </li><li> Approve leave requests after considering peaks and troughs in the business </li><li> Regularly communicate with employees to maintain positive relationships </li></ul> 6. Dual Reporting Responsibilities <ul><li> The Director Finance Business Partner dual reporting responsibilities could potentially give rise to a situation where there is a conflict in the Director Finance Business Partner responsibilities. Such a situation can usually be resolved by referring to the Company&#39;s Policy and Procedures Manuals and / or HMA documents. In the event that the manuals / documents are not specific or applicable, and the RVP Hotel Operations and the Regional Director Finance Business Partner are not able to come to a mutually satisfactory agreement, the VP Finance should be consulted. </li><li> Performs other similar or related duties as necessary. </li></ul> Requirements: <ul><li> Demonstrated ability to assess and understand a variety of internal and external economic and financial issues which impact the business, to analyze data and forecast future business trends, and to develop effective financial plans based on businesses assessments </li><li> Demonstrated experience in leading & developing people. Strong communication skills, both verbal and written to address all levels within the organization and ability to gain consensus and influence others. </li><li> Demonstrated experience with accounting system or similar financial software for the purpose of financial reporting, analysis and presentation. </li><li> Decision making responsibilities (Key Decision Rights): </li><li> Significant impact on the financial planning, cost management, budgeting and operations of assigned unit. Decisions made and analytical data gathered directly influences business operating decisions made by senior management. </li><li> Significant impact on the tracking and maintenance of budget and financial performance data for assigned division, on capital spend, and on the accurate and timely reporting of current financial and budget status to senior management. </li><li> Accounting Designation, Bachelor&#39;s or Master&#39;s Degree in Business, Finance, or a relevant field of work, or an equivalent combination of education and work-related experience. CPA or MBA preferred. </li><li> Employee must be subject to passing background check to be eligible for the position. </li><li> 10+ years progressive work related experience in multiple areas of accounting and/or capital projects management and reporting, financial and/or business analysis, accounting, merger/acquisition analysis, or a related area, with 5 to 7 years managing teams and/or significant complex projects. </li><li> The Statements in this job description are intended to represent the key duties, essential nature and level of work being performed. They are not intended to be all responsibilities or qualifications of the job. Job description may be updated at any time. </li></ul>