Director of Finance & Business Support

Fairmont Hotels & Resorts is where the intimate equally coexists with the infinite – an unrivaled portfolio of more than 90 extraordinary hotels where grand moments of life, heartfelt pleasures and personal milestones are celebrated and remembered long after any visit. Since 1907, Fairmont has created magnificent, meaningful and unforgettable hotels, rich with character and deeply connected to the history, culture and community of its destinations – places such as The Plaza in New York City, The Savoy in London, Fairmont San Francisco, Fairmont Banff Springs in Canada, Fairmont Peace Hotel in Shanghai, and Fairmont The Palm in Dubai. Famous for its engaging service, awe-inspiring public spaces, locally inspired cuisine, and iconic bars and lounges, Fairmont also takes great pride in its pioneering approach to hospitality and leadership in sustainability and responsible tourism practices. Fairmont is part of Accor, a world leading hospitality group counting over 5,400 properties throughout more than 110 countries, and a participating brand in ALL - Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.   

Job Purpose

This position is responsible for the overall financial management of the Hotel including financial reporting, budget and forecasts preparation, as well as the development and maintenance of adequate internal accounting control policies and procedures to ensure compliance with generally accepted accounting principles or international financial reporting standards.

Key Interactions

Internally

• All department heads
• Owner / Owner’s representative

Externally

• Government bodies
• Accounting / Finance Association
• Banks
• Financial Agencies

Primary Responsibilities

Accounting & Finance

• Oversee the daily operations of the Finance department

• Direct and coordinate hotel financial planning and budget management functions

• Monitor and analyze monthly operating results against budget

• Direct and coordinate debt financing and debt service payments with external agencies

• Prepare annual reports of actual revenues, transfers, and expenses

• Analyze financial outlooks and prepare financial forecasts

• Prepare financial analysis for contract negotiations and product investment decisions

• Ensure compliance with local, state, and federal budgetary reporting requirements

• Establish and implement short- and long-range departmental goals, objectives, policies and operating procedures

• Maintain an organizational structure and staffing to effectively accomplish the department’s goals and objectives

• Serve as primary legislative liaison relative to company financial issues

• Direct financial audits and provide recommendations for procedural improvements

• Conduct regular checks on procedures for purchasing, receiving, storing, issuing, food preparing and portioning

Team Management

• Interview, select and recruit direct reports

• Identify and develop team members with potential

• Conduct performance review and manages performance issues that arise within the management team

• Constantly monitor team members performance, attitude and degree of professionalism

• Work with Talent & Culture function to ensure appropriate hiring, training, motivating, coaching, counseling and development of team members according to the changing needs of the business

• Conduct monthly departmental meetings to provide information to team members, obtain their feedback, rectify issues and provide a regular forum for department communication

Other Responsibilities

• Attend all briefings, meetings and trainings as assigned by management

• Maintain a high standard of personal appearance and hygiene at all times

• Be aware of the hotel fire & life safety/emergency procedures

• Perform other reasonable duties assigned by the assigned by the Management
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Main Complexity/Critical issues in the Job

Ensure that both internal control as well as external expenditure must be properly recorded and handled with high integrity and honesty.

Knowledge and Experience

• Bachelor’s Degree in Accounting / Finance
• Additional certificate as a Certified Public Accountant (CPA) will be an advantage
• Minimum 5 years of experience in a senior finance or accounting position or 2 years of experience in a similar capacity
• High degree of professionalism with strong understanding of business acumen
• Excellent reading, writing and oral proficiency in English language
• Proficient in MS Excel, Word, PowerPoint, and relevant financial and accounting reporting systems
• Fully conversant in  accounting principles  and financial regulation standards

Competencies

• Strong leadership and interpersonal skills
• Excellent communication and customer contact skills
• Results and service oriented with an eye for details
• Ability to multi-task, work well in stressful & high-pressure situations
• A team player & builder
• A motivator & self-starter
• Well-presented and professionally groomed at all times