Regional Director, Finance & Business Support


  • Company:
    Fairmont
  • Location:
  • Salary:
    negotiable / monthly
  • Job type:
    Full-Time
  • Posted:
    5 days ago
  • Category:
    Business / Mgmt

Regional Director, Finance and Business Support Under the business supervision of the Executive Director, Hotel Finance & Business Support (ED) and the Regional Vice President of Operations (RVP) and within the limits of ACCORHOTELS policies and procedures, HMA, ownership agreements, bank agreements and local requirements, this position is responsible for the financial oversight of a region/area by partnering and supporting a Regional Vice President of Operations and for direct supervision of the Hotel Directors of Finance & Business Support within a region. Hotel Directors of Finance & Business Support (DOF) have solid reporting line to this position within a region. The Regional Director of Finance & Business Support (RDOF) provides strategic leadership, functional guidance and valuable insights to Operations Leaders, Partners, Executive Committees and Department Heads for optimal business decisions for hotels within the region; Interacts with ownership group, asset managers, hotel legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The role is an interdependent part of the core regional team. The Regional Director of Finance & Business Support will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills as well as a strong multi-unit business and finance leader. Responsibilities and essential job functions include but are not limited to the following: Business Partnering and Performance Management Creation and embracing the culture of business partnering by working with the RVP , the Hotel Directors of Finance & Business Support in the region, the Hotel General Managers in the region, and the ED Hotel Finance & Business Support; jointly responsible for achieving optimal operating performance and returns for ACCORHOTELS and our owners without losing sight of all measured KPI’s. Develop and manage key relationships with respective Hotel Directors of Finance & Business Support, Hotel General Managers and their senior managers to provide financial support and understanding of short and long-term financial plans. Review financial performance of hotel department/area, analysis of variances, forecasts and budgets of home hotel and hotels in the region. Challenge existing strategies and/or recommend alternate strategies to continually improve effectiveness of the business or financial management. Contribute to business decisions of the home hotel and hotels in the region; ensure the full conversion of revenue generation opportunities and the capturing of all revenues (i.e. RevPRO engagement) Oversight in the Hotel Directors of Finance and Business Support in the region with the development and implementation of “corrective action plans” on internal and or external audit and operational report, and in the development of the business acumen of all levels of the Hotel Leadership teams. Promote, drive and maximize the GOP Theoretical Flow Through concept across hotels in the region. Support the RVP and the Hotel General Managers in the region in developing a strong business relationship with the hotel ownership groups by participating and contributing in meetings and discussions and responding proactively to owner requests and initiatives within the boundaries of the HMA, P&P’s, ownership structure and bank documents. Integrate new openings, transitions and take over. (i.e. Manage and monitor pre-opening budget) Provide leadership in rolling out company initiatives and projects as required Work within the Company’s Human Resource Management System to ensure the departmental performance of hotel staff in the Region is productive The Regional Director of Finance & Business Support dual reporting responsibilities could potentially give rise to a situation where there is a conflict in the Regional Director of Finance & Business Support responsibilities. Such a situation can usually be resolved by referring to the Company’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 of Finance & Business Support are not able to come to a mutually satisfactory agreement, the Executive Director of Finance & Business Support should be consulted Financial Planning, Reporting and Analysis Responsible for the analysis and interpretation of financial data with-in the region and communicating this in a comprehensible form of meaningful variations in the operations. Lead in the development and implementation of benchmarking techniques that will enable the Hotels in the region to enhance revenues while improving productivity and cost efficiencies. Seek, identify and implement throughout the Hotels in the Region, best practices that will serve to enhance revenues, guest service and improve cost and productivity efficiencies. Oversee and lead in preparing the annual budget, capital budgets and the rolling forecasts. Establish the annual budget preparation timelines, procedures and guidelines for hotels within the region and assist the RVP in presenting annual budgets to the Corporate team and ownerships Recommend and engage with Operations in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules in the region, labor standards, forecasts, plans to assist operational staff in the Hotels. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary. Regularly review and analyze reports from buying programs for hotels within the region and improve costs by driving buying compliance and delivery efficiencies. Review and analyze monthly the forecast accuracy report for hotels with-in the region and drive accuracy in forecasting. Provide accurate and complete financial and management reports on a timely basis to Regional management within the region and the corporate office Oversee all facets of the Hotel property capital process. Ensure all Hotels in the region establish and maintain the tracking of fixed assets sub-ledgers and depreciation. 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 property financial and statistical data is accurately and consistently recorded and reported. In addition to overseeing the preparation of all financial statements, accounting and statistical reports, and any other special reports that may be required by corporate office or the RVP, the Regional Director of Finance & Business Support is responsible for interpreting said reports and then communicating the results of the region with the RVP Hotel Operations. Compliance & Risk Management Comply with all laws and fiscal regulations of the hotel area locations, which effect financial matters of the property which includes seeing that proper permits and licenses are obtained for such things as liquor licenses, sellers permit, business licenses, etc. Protect the owners and the management company’s interest in the hotel assets and operations. Regional Director of Finance & Business Support should be the guardian of the Property Management Agreements. Management Agreement terms, priorities, performance tests and fees, and distribution requirements are completely understood and managed for all hotels in the region. Monitor and manage the safe keeping of all hotel leases 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 by each individual hotel. Conduct regular operations risk assessments, establish a risk register for the hotels and assist with preparing 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. Control and Policies & Procedures Thorough knowledge, understanding, and proper application of policies and procedures. Be the champion in the region to drive best practice and support hotels to achieve required policies and procedures. Accountable for the development, documentation, and maintenance of control systems, within the Hotels, to ensure compliance. Review and approval for MIP and SIP payment for hotels within the region. Ensure cash flow is at or above minimum required as per HMA or is adequate to meet the needs of the hotel operations within the region. Effective balance sheet review as well as regional review as per defined schedule provided by corporate. Be responsible for any remediation action plans across the hotels as a result of these reviews as well as any on site audit completed by Internal Audit Services. Developing, implementing and monitoring credit and collection procedures and guidelines pursuant to “adopted” corporate credit policies. Work within the ACCORHOTELS’s Human Resource Management System to ensure the departmental performance of hotel staff in the Region is productive. Regional Director, Finance and Business Support Under the business supervision of the Executive Director, Hotel Finance & Business Support (ED) and the Regional Vice President of Operations (RVP) and within the limits of ACCORHOTELS policies and procedures, HMA, ownership agreements, bank agreements and local requirements, this position is responsible for the financial oversight of a region/area by partnering and supporting a Regional Vice President of Operations and for direct supervision of the Hotel Directors of Finance & Business Support within a region. Hotel Directors of Finance & Business Support (DOF) have solid reporting line to this position within a region. The Regional Director of Finance & Business Support (RDOF) provides strategic leadership, functional guidance and valuable insights to Operations Leaders, Partners, Executive Committees and Department Heads for optimal business decisions for hotels within the region; Interacts with ownership group, asset managers, hotel legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The role is an interdependent part of the core regional team. The Regional Director of Finance & Business Support will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills as well as a strong multi-unit business and finance leader. Responsibilities and essential job functions include but are not limited to the following: Business Partnering and Performance Management Creation and embracing the culture of business partnering by working with the RVP , the Hotel Directors of Finance & Business Support in the region, the Hotel General Managers in the region, and the ED Hotel Finance & Business Support; jointly responsible for achieving optimal operating performance and returns for ACCORHOTELS and our owners without losing sight of all measured KPI’s. Develop and manage key relationships with respective Hotel Directors of Finance & Business Support, Hotel General Managers and their senior managers to provide financial support and understanding of short and long-term financial plans. Review financial performance of hotel department/area, analysis of variances, forecasts and budgets of home hotel and hotels in the region. Challenge existing strategies and/or recommend alternate strategies to continually improve effectiveness of the business or financial management. Contribute to business decisions of the home hotel and hotels in the region; ensure the full conversion of revenue generation opportunities and the capturing of all revenues (i.e. RevPRO engagement) Oversight in the Hotel Directors of Finance and Business Support in the region with the development and implementation of “corrective action plans” on internal and or external audit and operational report, and in the development of the business acumen of all levels of the Hotel Leadership teams. Promote, drive and maximize the GOP Theoretical Flow Through concept across hotels in the region. Support the RVP and the Hotel General Managers in the region in developing a strong business relationship with the hotel ownership groups by participating and contributing in meetings and discussions and responding proactively to owner requests and initiatives within the boundaries of the HMA, P&P’s, ownership structure and bank documents. Integrate new openings, transitions and take over. (i.e. Manage and monitor pre-opening budget) Provide leadership in rolling out company initiatives and projects as required Work within the Company’s Human Resource Management System to ensure the departmental performance of hotel staff in the Region is productive The Regional Director of Finance & Business Support dual reporting responsibilities could potentially give rise to a situation where there is a conflict in the Regional Director of Finance & Business Support responsibilities. Such a situation can usually be resolved by referring to the Company’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 of Finance & Business Support are not able to come to a mutually satisfactory agreement, the Executive Director of Finance & Business Support should be consulted Financial Planning, Reporting and Analysis Responsible for the analysis and interpretation of financial data with-in the region and communicating this in a comprehensible form of meaningful variations in the operations. Lead in the development and implementation of benchmarking techniques that will enable the Hotels in the region to enhance revenues while improving productivity and cost efficiencies. Seek, identify and implement throughout the Hotels in the Region, best practices that will serve to enhance revenues, guest service and improve cost and productivity efficiencies. Oversee and lead in preparing the annual budget, capital budgets and the rolling forecasts. Establish the annual budget preparation timelines, procedures and guidelines for hotels within the region and assist the RVP in presenting annual budgets to the Corporate team and ownerships Recommend and engage with Operations in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules in the region, labor standards, forecasts, plans to assist operational staff in the Hotels. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary. Regularly review and analyze reports from buying programs for hotels within the region and improve costs by driving buying compliance and delivery efficiencies. Review and analyze monthly the forecast accuracy report for hotels with-in the region and drive accuracy in forecasting. Provide accurate and complete financial and management reports on a timely basis to Regional management within the region and the corporate office Oversee all facets of the Hotel property capital process. Ensure all Hotels in the region establish and maintain the tracking of fixed assets sub-ledgers and depreciation. 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 property financial and statistical data is accurately and consistently recorded and reported. In addition to overseeing the preparation of all financial statements, accounting and statistical reports, and any other special reports that may be required by corporate office or the RVP, the Regional Director of Finance & Business Support is responsible for interpreting said reports and then communicating the results of the region with the RVP Hotel Operations. Compliance & Risk Management Comply with all laws and fiscal regulations of the hotel area locations, which effect financial matters of the property which includes seeing that proper permits and licenses are obtained for such things as liquor licenses, sellers permit, business licenses, etc. Protect the owners and the management company’s interest in the hotel assets and operations. Regional Director of Finance & Business Support should be the guardian of the Property Management Agreements. Management Agreement terms, priorities, performance tests and fees, and distribution requirements are completely understood and managed for all hotels in the region. Monitor and manage the safe keeping of all hotel leases 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 by each individual hotel. Conduct regular operations risk assessments, establish a risk register for the hotels and assist with preparing 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. Control and Policies & Procedures Thorough knowledge, understanding, and proper application of policies and procedures. Be the champion in the region to drive best practice and support hotels to achieve required policies and procedures. Accountable for the development, documentation, and maintenance of control systems, within the Hotels, to ensure compliance. Review and approval for MIP and SIP payment for hotels within the region. Ensure cash flow is at or above minimum required as per HMA or is adequate to meet the needs of the hotel operations within the region. Effective balance sheet review as well as regional review as per defined schedule provided by corporate. Be responsible for any remediation action plans across the hotels as a result of these reviews as well as any on site audit completed by Internal Audit Services. Developing, implementing and monitoring credit and collection procedures and guidelines pursuant to “adopted” corporate credit policies. Work within the ACCORHOTELS’s Human Resource Management System to ensure the departmental performance of hotel staff in the Region is productive. Qualifications: Accounting Designation, Bachelor’s or Master’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 5+ years of work experience as a Director of Finance, ideally in multiple progressive, in size and complexity, hotels orRegional Director experience in a large luxury hotel with amin. 1200 rooms. Experienced in all areas of finance and accounting; capital project management, financial reporting and analysis, merger and acquisition analysis, and / or related areas. The ideal candidate has previous experience managing multiple hotels or business units. Ability to travel is required to provide the oversight within the region 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 in multiple locations. Demonstrated experience in leading & developing people and multiple teams. Strong communication skills, both verbal and written to address all levels within the organization and ability to gain consensus and influence others. Demonstrated experience with accounting system or similar financial software for the purpose of financial reporting, analysis and presentation. Demonstrated knowledge of finance, budgeting and accounting processes and regulations with demonstrated knowledge of capital project management, standards and techniques, and GAAP regulations and procedures. Physical Aspects of Position (included but not limited to): Frequent sitting throughout shift Occasional lifting and carrying up to 20 lbs Occasional kneeling, pushing, pulling, lifting Occasional ascending or descending ladders, stairs and ramps Ability to focus attention on guest needs, remaining calm and courteous at all times Visa Requirements: Must already be legally permitted to work in Canada. APPLY TODAY : Whether you’re launching your career or seeking meaningful employment, we invite you to visit http://www.fairmontcareers.com/ to learn more about Fairmont Hotels & Resorts—and the extraordinary opportunities that exist Fairmont Hotels and Resorts believes in outstanding hospitality. We are committed to respecting the independence and dignity of all persons by providing a barrier-free environment for all guests, colleagues, and job applicants. Accommodations are available upon request for all applicants with a disability throughout the recruitment process. Please contact Human Resources at 416-860-5091 or ryh.careers@fairmont.com if you require accommodation. ABOUT FAIRMONT HOTELS & RESORTS At Fairmont Hotels & Resorts we offer our guests the finest hospitality experience in each of our destinations. And we know that, to offer our guests the best, we first need to offer our employees the best. That’s why you’ll find exceptional work opportunities—throughout North America and the Caribbean, Europe and Africa, the Middle East and Asia Pacific—as well as industry-leading training, career development, recognition and rewards. Fairmont Hotels & Resorts is a celebrated collection of hotels that includes landmark locations like London’s The Savoy, New York’s The Plaza, and Shanghai’s Fairmont Peace Hotel. Our teams are guided by values of Respect, Integrity, Teamwork and Empowerment; we employ the highest ethical and quality standards, treating all colleagues with fairness and dignity. A community and environmental leader, Fairmont is also regarded for its responsible tourism practices and award-winning Green Partnership program. An exciting future awaits Qualifications: Accounting Designation, Bachelor’s or Master’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 5+ years of work experience as a Director of Finance, ideally in multiple progressive, in size and complexity, hotels orRegional Director experience in a large luxury hotel with amin. 1200 rooms. Experienced in all areas of finance and accounting; capital project management, financial reporting and analysis, merger and acquisition analysis, and / or related areas. The ideal candidate has previous experience managing multiple hotels or business units. Ability to travel is required to provide the oversight within the region 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 in multiple locations. Demonstrated experience in leading & developing people and multiple teams. Strong communication skills, both verbal and written to address all levels within the organization and ability to gain consensus and influence others. Demonstrated experience with accounting system or similar financial software for the purpose of financial reporting, analysis and presentation. Demonstrated knowledge of finance, budgeting and accounting processes and regulations with demonstrated knowledge of capital project management, standards and techniques, and GAAP regulations and procedures. Physical Aspects of Position (included but not limited to): Frequent sitting throughout shift Occasional lifting and carrying up to 20 lbs Occasional kneeling, pushing, pulling, lifting Occasional ascending or descending ladders, stairs and ramps Ability to focus attention on guest needs, remaining calm and courteous at all times Visa Requirements: Must already be legally permitted to work in Canada. APPLY TODAY : Whether you’re launching your career or seeking meaningful employment, we invite you to visit http://www.fairmontcareers.com/ to learn more about Fairmont Hotels & Resorts—and the extraordinary opportunities that exist Fairmont Hotels and Resorts believes in outstanding hospitality. We are committed to respecting the independence and dignity of all persons by providing a barrier-free environment for all guests, colleagues, and job applicants. Accommodations are available upon request for all applicants with a disability throughout the recruitment process. Please contact Human Resources at 416-860-5091 or ryh.careers@fairmont.com if you require accommodation. ABOUT FAIRMONT HOTELS & RESORTS At Fairmont Hotels & Resorts we offer our guests the finest hospitality experience in each of our destinations. And we know that, to offer our guests the best, we first need to offer our employees the best. That’s why you’ll find exceptional work opportunities—throughout North America and the Caribbean, Europe and Africa, the Middle East and Asia Pacific—as well as industry-leading training, career development, recognition and rewards. Fairmont Hotels & Resorts is a celebrated collection of hotels that includes landmark locations like London’s The Savoy, New York’s The Plaza, and Shanghai’s Fairmont Peace Hotel. Our teams are guided by values of Respect, Integrity, Teamwork and Empowerment; we employ the highest ethical and quality standards, treating all colleagues with fairness and dignity. A community and environmental leader, Fairmont is also regarded for its responsible tourism practices and award-winning Green Partnership program. An exciting future awaits Senior Leadership / ExecutiveSenior Leadership / ExecutiveFull-timeFull-timeDay JobDay JobYes, 25 % of the TimeYes, 25 % of the Time23.Jan.2019, 10:29:00 AM23.Jan.2019, 10:29:00 AMRYH02474RYH02474