Regional Director of Finance & Business Support

Company Description

Located on the coveted south shore of Maui in Wailea, Fairmont Kea Lani is Hawaiʻi’s only all-suite and villa luxury oceanfront resort. This newly transformed, distinctive property is located on the sunny shores of Polo Beach amongst 22 acres of tropical landscape, offering authentic Hawaiian cultural experiences and genuine personal service that embody the spirit of Aloha.

From full-moon staff hikes and beach clean-ups to appreciation luncheons and birthday holidays, our team provides endless opportunities to learn and grow in both your personal and professional development. Live and work in a place you love!

Salary Range: 200,000 - 260,000

What is in it for you

• Comprehensive benefits package (Medical, Vision and Dental) including extended benefits like Basic life insurance, TDI and Long-Term Disability for regular Full-time and Part-time employees
• Flexible spending account (FSA)
• 401(k) retirement savings plan and matching program
• Paid Vacation, holidays, personal and sick days
• Food & Beverage, Spa and on property specific discounts (venue and property specific discounts may vary)
• Wellness Offerings
• Employee benefit card offering discounted rates in Accor worldwide
• Learning programs through our Academies
• Opportunity to develop your talent and grow within your property and across the world
• Employee Activities

Job Description

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.

Areas of responsibility will include and are not limited to the following:

Business Partnering and Performance Management

• Creating 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 VP of Finance & Business Support; 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 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 reports.
• Oversight in the development of the business acumen of all levels of the Hotel Leadership teams to ensure they understand the impact of every component on the business as a whole and embrace the fiscal reporting processes and other information available in order to drive the performance of their areas of responsibility.
• 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.
• Provide leadership in rolling out company initiatives and projects as required.

Financial Planning, Reporting and Analysis

• Analyze and interpret financial data within the region 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 review and analysis of the monthly internal benchmarking and operational performance analysis reports.
• Lead 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, in conjunction with the RVP, the Hotel DOF and the Hotel General Managers, the annual budget, capital budgets and the rolling forecasts. The RDOF will establish the annual budget preparation timelines, procedures and guidelines for hotels with-in his / her region and will 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 with-in 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 with-in the region and the corporate office, in accordance with the company and ownership reporting requirements and policy. In addition, the Regional Director of Finance & Business Support is responsible for reporting accurately and timely, the actual results as compared to budget/forecast results in his / her Hotels. 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.
• 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.
• 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

• Ensure the properties within the Region are reporting in compliance with the Uniform Chart of Accounts, Accor Policies & Procedures, ownership and bank documents and hotel management or other contractual agreements with respect to accounting matters.
• Ensure compliance of all laws and fiscal regulations of the hotel area locations. This 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 safekeeping 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.
• Working with the RVP and the ED Finance & Business Support, the Regional Director of Finance & Business Support shall conduct regular operations risk assessments, establish a risk register for the hotels and assist with preparing an action plan addressing