Address
Form of work
SalaryJob Number 24035319
Job Category Finance & Accounting
Location The Ritz-Carlton South Beach, 1 Lincoln Road, Miami Beach, Florida, United States VIEW ON MAP
Schedule Full-Time
Located Remotely? N
Relocation? Y
Position Type Management
JOB SUMMARY
Functions as the strategic financial business leader for several properties within a market. Responsible for achieving financial goals at each participating property. The position champions, develops and implements property-wide strategies that deliver products and services to meet or exceed the needs and expectations of the brand’s target customer and property employees. The position provides the financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment. In addition, creates and executes a business plan that is aligned with the brand’s business strategy and focuses on the execution of financial and Accounting activities and the delivery of desirable financial results.
CANDIDATE PROFILE
Education and Experience
- 4-year bachelor's degree in Finance and Accounting or related major; 2 years experience in the Finance and Accounting or related professional area.
OR
- Master's degree in Finance and Accounting or related major; no work experience required.
CORE WORK ACTIVITIES
Engaging in Strategic Planning and Decision Making
- 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.
- Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Thinks creatively and practically to develop, execute and implement new business plans.
- Creates the annual operating budget for the property.
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
- Leads 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.
- Collaborates with Operations and Revenue Managers to develop effective revenue management strategies.
Leading Finance & Accounting Teams
- 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 on going analytical support by monitoring the operating department’s actual and projected sales.
- Uses financial expertise and analytical models to evaluate mix of transient and group revenue.
Anticipating and Delivering on the Needs of Key Stakeholders
- Demonstrates a commitment to meeting the needs of all key stakeholders.
- Understands and meeting the needs of key stakeholders (owners, corporate, guests, etc.).
- Advises the GM and executive committee on existing and evolving operating/financial issues.
- Demonstrates an understanding of cash flow and owner priorities.
- Manages property working capital and cash flow in accordance with brand SOPs and owner requirements.
- Understands the owners' perspective and ROI expectations.
- Attends meetings and communicating with the owners, understanding the priorities and strategic focus.
Developing and Maintaining Finance and Accounting Goals
- Ensures Profits and Losses are documented accurately.
- Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
- Submits reports in a timely manner, ensuring delivery deadlines.
- Improves profit growth in operating departments.
- Coaches management team to ensure revenue goals are met and opportunities are identified and addressed.
- Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
- Sets aggressive goals that will drive the property's financial performance.
- Provides pricing and inventory recommendations that increase market share and attain revenue growth and profit goals.
Managing Projects and Policies
- Champions the use of technology to create operational efficiency.
- Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with SOPs.
- Identifies key projects and manages associated Capital Expenditure funds for implementation of brand initiatives, product improvement and increased revenue potential.
Managing and Conducting Human Resource Activities
- Ensures employees are treated fairly and equitably.
- Holds staff accountable for successful performance.
Additional Responsibilities
- Shares alternative viewpoints and encourages others to do so as well.
- Generates and provides accurate and timely results in the form of reports, presentations, etc.
- Negotiates effectively while maintaining positive relationships with others.
- Participates in sales strategy and revenue management meetings.
The salary range for this position is $136,000.00 to $183,000.00 annually. Marriott offers a bonus program, comprehensive health care benefits, 401(k) plan with up to 5% company match, employee stock purchase plan at 15% discount, accrued paid time off (including sick leave where applicable), life insurance, group disability insurance, travel discounts, adoption assistance, paid parental leave, health savings account (except for positions based out of or performed in Hawaii), flexible spending accounts, tuition assistance, pre-tax commuter benefits, other life and work wellness benefits, and may include other incentives such as stock awards and deferred compensation plans. Benefits and incentive compensation may be subject to generally applicable eligibility, waiting period, contribution, and other requirements and conditions.
The compensation and benefits information is provided as of the date of this posting. Marriott reserves the right to modify compensation and benefits at any time, with or without notice, subject to applicable law.
Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.
At more than 100 award-winning properties worldwide, The Ritz-Carlton Ladies and Gentlemen create experiences so exceptional that long after a guest stays with us, the experience stays with them. Attracting the world’s top hospitality professionals who curate lifelong memories, we believe that everyone succeeds when they are empowered to be creative, thoughtful and compassionate.
Every day, we set the standard for rare and special luxury service the world over and pride ourselves on delivering excellence in the care and comfort of our guests.
Your role will be to ensure that the “Gold Standards” of The Ritz-Carlton are delivered graciously and thoughtfully every day. The Gold Standards are the foundation of The Ritz-Carlton and are what guides us each day to be better than the next. It is this foundation and our belief that our culture drives success by which The Ritz Carlton has earned the reputation as a global brand leader in luxury hospitality. As part of our team, you will learn and exemplify the Gold Standards, such as our Employee Promise, Credo and our Service Values. And our promise to you is that we offer the chance to be proud of the work you do and who you work with.
In joining The Ritz-Carlton, you join a portfolio of brands with Marriott International. Be where you can do your best work, begin your purpose, belong to an amazing global team, and become the best version of you.
