Area Director of Finance, Singapore and Maldives

2 weeks ago

Singapore STARWOOD ASIA PACIFIC HOTELS & RESORTS PTE. LTD. Full time

Marriott International is the world's largest hotel company, with more brands, more hotels and more opportunities for associates to grow and succeed.

We believe a great career is a journey of discovery and exploration. So, we ask, where will your journey take you?

EXPECTED CONTRIBUTIONS
The following are specific responsibilities and contributions critical to the successful performance of the position in the "Area" role for Marriott-managed hotels:

  • Implement appropriate processes, metrics and controls to manage business risks and ensure a strong accounting & operational control environment exists to safeguard assets, improve operations and profitability in the region.
  • Develop and implement processes and tools that enhance the region's ability to make sound business decisions and identify opportunities to increase profits. Educates property teams on profit maximization and helps them identify opportunities to increase profits in their properties.
  • Assist SVP Finance (APEC) with development activity in the region (formulation of plans, monitoring/modifying proformas, and lending financial/strategic support to optimize unit growth).
  • Assist in the development of preopening and working capital budgets for new openings. Works with property team on preopening activities relating to finance and accounting, ensuring all billing procedures are set up according to the management agreement and surfaces potential issues to protect Marriott's interest.
  • Ensure that GMs and DOFs are knowledgeable about the management agreement and deal structure for their property, and that their operations are in compliance with contract requirements.
  • Implements processes to provide accurate, timely and meaningful financial information to key stakeholders in the region. Drives best practice sharing among hotel finance leaders.
  • Facilitates the Area's business planning processes (LRP, operating and capital budgets, forecast, risk assessment), standard reporting processes (working capital, month end reporting, annual statement of operations, etc.), and compliance with local tax, financial, accounting regulations, and management agreements.
  • Provides direction and support to ensure compliance on balance sheet analysis/certification, hotel audits and internal control standards, P&L reviews, cash flow forecasts, technical accounting, financial systems and reporting, and financial analysis (pro forma, project analysis, business cases, etc.).
  • Is a strategic business partner to the AVP & Area teams by providing financial leadership and strategic perspective in developing and monitoring business plans to achieve profit and growth objectives.
  • Ensures strong owner relationships in the Area by understanding the owners' perspectives & ROI expectations, proactively anticipating and addressing needs, and managing an effective balance between the owner's and MI's interests by developing solutions that create value for both.
  • Attracts and develops diverse, highcaliber talent that makes a strong positive impact on the organization. Partners with SVP Finance (APEC) to develop strategies for succession planning and career development.
  • Delivers financial training to Area hotel teams to comply with MI policies and procedures (e.g. training on how to read P&Ls)
  • Uses technical expertise and understanding of global and local economy, laws, regulations, and tax issues and their potential business impact to devise strategies to manage financial risk and grow the business.
  • Advises General Managers, Hotel DOFs, Corporate, Owners, Regioanl/ Area Team members on business issues, challenges & opportunities, and performance.
  • Takes a proactive role during individual and Area Team property visits providing trouble shooting for respective property costs, internal controls, revenue opportunities, brand standards, balance score card, etc.
  • Effectively communicates with hotel DOFs on Regional strategies and initiatives
  • Pursues initiative and innovation to improve overall companies' systems, processes, and industry competitiveness.
  • Performs other duties as assigned to meet business needs.

CANDIDATE PROFILE - KEY TALENTS AND EXPERIENCE DESIRED

Experience

  • Minimum of 8 years progressive financial management experience with at least 2 years in the field; lodging/hospitality knowledge required
  • Multiproperty and/or large hotel oversight required

Skills and Knowledge

  • Excellent finance, accounting and analytical skills, including experience with cash management, forecasting, revenue management strategies, capital expenditure planning and budgeting, and project management
  • Evaluates business trends and develops and successfully implements new business programs and strategies that enhance financial performance in a complex multidimensional operating environment
  • Experience in owner relations is preferred.
  • Understands complex operating and financial agreements; demonstrated success in evaluating risks and devel

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