Senior Assistant Director of Finance and Accounting

About the role

The Senior Assistant Director of Finance and Accounting plays a crucial role in supporting the strategic planning and decision-making processes, leading the finance and accounting team, and ensuring the successful execution of financial and accounting activities.

Responsibilities

• Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
• 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.
• Assists in identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
• Thinks creatively and practically to assist in the development, execution and implementation of new business plans.
• Assists in the creation of the annual operating budget for the property.
• Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
• Assists in the implementation of a system of appropriate controls to manage business risks.
• Analyzes financial data and market trends.
• Assists in 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.
• 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 excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.
• Conducts annual performance appraisals with direct reports according to Standard Operating Procedures.
• Attends meetings and communicates with the owners, understanding the priorities and strategic focus.
• Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
• Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
• Demonstrates an understanding of cash flow and owner priorities.
• Manages communication with owners in an effective manner.
• Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
• Facilitates critique meetings to review information with management team.
• Ensures Profits and Losses are documented accurately.
• Maintains compliance with management contract and reporting requirements.
• Ensures compliance with standard and local operating procedures (SOPs and LSOPs).
• Ensures compliance with Standard Operating Procedures (SOPs).
• Ensures team members are cross-trained to support successful daily operations.
• Ensures property policies are administered fairly and consistently.
• Ensures new hires participate in the department’s orientation program.
• Ensures new hires receive the appropriate new hire training to successfully perform their job.
• Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.
• Conducts performance review process for employees.
• Participates in hiring activities as appropriate.

Qualifications

• Education and Experience: A 4-year bachelor's degree in Finance and Accounting or related major; 1 years experience in the finance and accounting or related professional area, or a Master's degree in Finance and Accounting or related major; no work experience required.

Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Ability to manage multiple projects simultaneously.
• Knowledge of financial systems and practices.
• Experience with budgeting and forecasting.
• Proficiency in Microsoft Office Suite.

Benefits

At The Ritz-Carlton, we offer a comprehensive benefits package designed to support you and your family. This includes:

• Health insurance coverage
• Retirement savings plan
• Flexible spending accounts
• Employee assistance programs
• Generous paid time off
• Professional development opportunities

Pay

The salary range for this position is $85,000 - $120,000 annually, depending on experience and qualifications.

Schedule

This position is full-time and works a standard 40-hour week, Monday through Friday.