Cluster Director of Finance

Salary Details

Salary Description: Competetive Salary Offered

Job Description For Cluster Director of Finance

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; 5 years experience in the finance and accounting or related professional
area.
• Master's degree in Finance and Accounting or related major; no work experience required.
• Needs to have managed multiple business units and understands how to navigate large organizations and complex ownership structures.

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 ongoing 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.
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• 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.
MANAGEMENT COMPETENCIES
Leadership
• Adaptability - Develops strategies and identifies resources to implement and manage change; models flexibility in adjusting
priorities; and communicates the need for change in a positive way that encourages commitment.
• Communication - Actively listens and uses appropriate communication styles to deliver complex information in a clear concise way
and influences others to accept a point of view, gain consensus, or take action.
• Problem Solving and Decision Making - Models and sets expectations for solving complex problems, collecting and comparing
information to evaluate alternatives, considering their potential impact before making decisions, involving others to gain agreement
and support, and guiding others to implement solutions.
• Professional Demeanor - Exhibits behavioral styles that convey confidence and command respect from others; makes a good first
impression and represents the company in alignment with its values.
Managing Execution
• Building and Contributing to Teams - Leads and participates as a member of a team to move the team toward the completion of
common goals while fostering cohesion and collaboration among team members.
• Driving for Results - Focuses and guides others in accomplishing work objectives.
• Planning and Organizing - Gathers information and resources required to set a plan of action for self and/or others; prioritizes and
arranges work requirements self and/or others to accomplish goals and ensure work is completed.
Building Relationships
• Coworker Relationships - Develops and uses collaborative relationships to facilitate the accomplishment of work goals.
• Customer Relationships - Develops and sustains relationships based on an understanding of customer needs and actions
consistent with the company's service standards.
• Global Mindset - Supports employees and business partners with diverse styles, abilities, motivations, and/or cultural perspectives;
utilizes differences to drive innovation, engagement and enhance business results; and ensures employees are given the opportunity
to contribute to their full potential.
Generating Talent and Organizational Capability
• Organizational Capability - Evaluates and adapts the structure of organizational units, jobs, and work processes to best fit the
needs and/or support the goals of an organizational unit.
• Talent Management - Provides guidance and feedback to help individuals develop and strengthen skills and abilities needed to
accomplish work objectives.
Learning and Applying Professional Expertise
• Applied Learning - Seeks and makes the most of learning opportunities to improve performance of self and/or others.
• Business Acumen - Understands and utilizes business information (e.g., data related to employee engagement, guest satisfaction,
and property financial performance) to manage everyday operations and generate innovative solutions to approach business and
administrative challenges.
• Technical Acumen - Understands and utilizes professional skills and knowledge in a specific functional area to conduct and manage
everyday business operations and generate innovative solutions to approach function-specific work challenges.
o Economics and Accounting - Knowledge of P&L statements, operating budgets, forecasting and scheduling, and the
reporting of financial data.
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o Auditing and Reconciliation - The ability to recognize, research, and resolve discrepancies in financial data, and create
flow charts on main accounting and control cycles (A/R, AP, Cash) to facilitate understanding of key control points.
o General Finance and Accounting - The ability to perform bookkeeping procedures, proficiently use financial systems
technology, and accurately complete general ledger entries; knowledge of database structures in order to obtain financial
queries; establish Cash flow statements and cash flow forecast with a good understanding the financials flows and the
working capital needs.
o Analysis - The ability to create and maintain spreadsheets as well as analyze and summarize financial data using
appropriate financial software.
o Accounting Knowledge - Knowledge of general accounting principles and current company accounting policies and
procedures. This includes general accounting and financial reporting, auditing, accounts payable, and accounts
receivable.
o Accounting and Internal Control Knowledge - Knowledge of local Generally Accepted Accounting Principles (local
GAAP), Marriott International Policies (MIP), and International Standard Operating Procedures (ISOPs).
o Legal - Ability to read and understand basic contract elements, e.g. royalty fees, management agreement, terms, priorities
and profit distribution.
o Auditing Skills - The ability to perform auditing procedures, including the ability to recognize, research, and resolve
discrepancies in financial data.
o Accounts Payable and Accounts Receivable - Knowledge of Accounts Payable and Accounts Receivable processes,
including knowledge of subledger reconciliation and controls.
• Basic Competencies - Fundamental competencies required for accomplishing basic work activities.
o Basic Computer Skills - Uses basic computer hardware and software (e.g., personal computers, word processing
software, Internet browsers, etc.).
o Mathematical Reasoning - Demonstrates ability to add, subtract, multiply, or divide quickly, correctly, and in a way that
allows one to solve work-related issues.
o Oral Comprehension - Demonstrates ability to listen to and understand information and ideas presented through spoken
words and sentences.
o Reading Comprehension - Demonstrates understanding of written sentences and paragraphs in work-related
documents.
o Writing - Communicates effectively in writing as appropriate for the needs of the audience.

At Marriott International, we are dedicated to being an equal opportunity employer, welcoming all and providing access to opportunity. We actively foster an environment where the unique backgrounds of our associates are valued and celebrated.Our greatest strength lies in the rich blend of culture, talent, and experiences of our associates. We are committed to non-discrimination on any protected basis, including disability, veteran status, or other basis protected by applicable law.

Combining timeless glamour with a vanguard spirit, St. Regis Hotels & Resorts is committed to delivering exquisite experiences at more than 50 luxury hotels and resorts in the best addresses around the world. Beginning with the debut of The St. Regis hotel in New York by John Jacob Astor IV at the dawn of the twentieth century, the brand has remained committed to an uncompromising level of bespoke and anticipatory service for all of its guests, delivered flawlessly by a team of gracious hosts that combine classic sophistication and modern sensibility, as well as our signature Butler Service. We invite you to explore careers at St. Regis. In joining St. Regis, 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.