Director of Finance & Business Support

Belong in a place where you can be yourself and love what you do. Join our hotel community and we will support you to realize your true potential. You will be part of a team where everyone’s contribution is valued. And we will empower you to bring ideas to elevate our services, creating personalized experiences for guests. Help them to feel special, and we will do the same for you.

What is in it for you?

• Employee Discount Travel Program
• Employee Assistance Program (EAP)
• Extended healthcare plan coverage
• Opportunity to develop your talent and grow with the Company across the world
• Ability to make a difference through our Corporate Social Responsibility

Under the business supervision of the Regional Director of Finance & Business Support and the General Manager, and within the limits of ACCOR 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 of Finance & Business Support provides strategic leadership, functional guidance and valuable insights to Operations Leader, Partner, Executive Committee and Department Heads for optimal business decision; Interacting with hotel’s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business. The Director of Finance & Business Support will be a highly motivated team player with strong accounting, communication, business presentation and analytical skills. Strong systems background needed.

What you will be doing:

Core Duties and Responsibilities

Business Partnering and Performance Management

Creation and embracing the culture of business partnering by working with General Manager. The Director of Finance & Business Support and the General Manager are jointly responsible for achieving optimal operating performance and returns for ACCOR and our owners without losing sight of all measured KPI’s.

Develop and manage key relationships and respective Management Committee members and their senior managers to provide financial support and understanding of short and long-term financial plans.

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.

Contribute to all business decisions of the hotel regarding revenue generation, hotel expenditure and investment.

To assist other department heads in the development and implementation of “corrective action plans” on internal and or external audit and operational reports.

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.

Attend and contribute to Weekly Revenue Meeting discussions with a focus on identifying opportunities and risks in Rooms, Conference & Banqueting and other revenues, to drive revenue growth.

Promote, drive, and maximize GOP Theoretical Flow Through, GOPPAR index, concept across the departments.

Support the General Manager in developing a strong business relationship with hotel owner by participating and contributing to meetings and discussions and responding proactively to owner requests and initiatives within the boundaries of the HMA.

Financial Planning, Reporting and Analysis

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.

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.

To assist in preparing, in conjunction with the General Manager and other department heads, the annual budget, capital budgets and the rolling forecast. The Director of Finance & Business Support will establish the annual budget preparation procedures and guidelines.

To recommend and assist in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules, labor standards, forecast, plans to assist operational staff. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary.

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 of Finance & Business Support 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.

Manage all facets of the capital process. Ensure all hotels 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 hotels financial and statistical data is accurately and consistently recorded and reported.

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 General Manager, the Director of Finance & Business Support is responsible for interpreting said reports and then communicating the results with the General Manager and relevant department heads.

Compliance & Risk Management

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.

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.

To protect the owners and the management company’s interest in the hotel assets and operations. Director of Finance & Business Support 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.

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.

Working with General Manager and hotel executive committee, Director of Finance & Business Support 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.

Control and Policies & Procedures

A thorough knowledge of policies and procedures required. A thorough knowledge of understanding and proper application of policies and procedures.

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.

Accountable for the development, documentation, and maintenance, within hotels, to ensure compliance with the requirements of internal/standard controls.

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.

Issues surrounding Accounting, Policy or Controls are reviewed with GM, Regional Director of Finance & Business Support and /or Executive Director, Finance & Business Support.

Developing, implementing, and monitoring credit and collection procedures and guidelines pursuant to “adopted” corporate credit policies.

People and Talent Management

Work within the ACCOR’s Human Resource Management System to ensure the departmental performance of staff is productive. Duties include:

• Operate efficiently and optimize staffing levels
• Plan for future staffing needs (Succession Planning)
• Recruit in line with company guidelines
• Prepare detailed orientation programs for new staff
• Maintain a comprehensive, current, and guest focused set of departmental standards and procedures and oversee their implementation
• Ensure training needs analysis of your departmental staff is carried out and training programs are designed and implemented to meet needs

Deliver training

Actively work at developing your direct reports and identify high potentials

Conduct probation and formal performance appraisal in line with company guidelines

Coach, counsel, and discipline staff, providing constructive feedback to enhance performance

Performs other similar or related duties as necessary

The annual salary range for this position is between $185 - 200k.

Education:

• 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

Experience:

• 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.

• Must have 5+ years Director of Finance experience at a property with over $50m in annual revenue.

• Must have opening or repositioning experience.

• Must be comfortable navigating ownership representatives and ensuring fluid communication.

• Must have union environment experience.

Technical Skills and Knowledge:

• 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.
• 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.

• 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, along with demonstrated knowledge of capital projects management standards and techniques and GAAP regulations and procedures.

Decision making responsibilities (Key Decision Rights):

• 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.
• 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.

Dual Reporting Responsibilities:

• The Director of Finance & Business Support’s dual reporting responsibilities could potentially give rise to a situation where there is a conflict between the Director of Finance & Business Support’s responsibilities. Such a situation can usually be resolved by referring to the Company’s Policy and Procedures Manuals. If the manuals are not specific or applicable, and the General Manager and Director of Finance & Business Support are not able to come to a mutually satisfactory agreement, the Regional Director of Finance & Business Support should be consulted.
• Communicates effectively in English, both verbally and in writing. 
• Visa Requirements: Must be legally eligible to work in the United States
• The hotel is unable to assist candidates in obtaining work authorization documents.  This position is Not Remote.

Your team and working environment:

Ideally situated steps away from Fifth Avenue, Times Square and Grand Central Station, Sofitel New York’s 398 spacious guest rooms including 52 suites provide a haven in the midst of the hustle and bustle of the city.  With French inspiration, our ambassadors deliver service from the heart and lifelong memories one guest at a time.

Our commitment to Diversity & Inclusion:
We are an inclusive company and our ambition is to attract, recruit and promote diverse talent. All your information will be kept confidential according to EEO guidelines.

Why work for Accor?

When you become one of our Heartists®, you will also be a member of the Accor group with all the benefits that brings. The ALL Heartists® program is the benefits program dedicated to Accor Heartists®. It provides employees with the opportunity
to enjoy living life to its fullest throughout the year, thanks to preferential rates in hotels and exclusive discounts with a wide range of partners (travel, gourmet, wellness, shopping…).