Assistant Director Finance

2 weeks ago

Melbourne, Victoria, Australia The Ritz-Carlton , Melbourne Full time

HE RITZ-CARLTON, MELBOURNE, TO DEBUT IN MARCH 2023
We are thrilled to announce the opening of
The Ritz-Carlton, Melbourne, in March 2023.

Set to redefine luxury in the city, the hotel's extraordinary design, exceptional experiences and breathtaking views present a stunning new landmark to the Melbourne skyline.

Designed with materials inspired by the unique stories of the city, guests will enjoy luxury accommodation, signature dining experiences, holistic wellness spaces and an iconic infinity pool, as well as world-class meeting and event facilities and services.

The Ritz-Carlton Melbourne is looking for a
Assistant Director of Finance to join the team on a
Full-Time basis.

JOB SUMMARY


Assists in the championing, development, and implementation of 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.

Provides financial expertise to enable the successful implementation of the brand service strategy and brand initiatives while maximizing the return on investment.

In addition, assists in the creation and execution of a business plan that is aligned with the property and brand's business strategy and focuses on the execution of financial and accounting activities and the delivery of desirable financial results.


Education and Experience

  • 4year bachelor's degree in Finance and Accounting or related major; 1 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

Assisting 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.
  • 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.
  • Provides on going analytical support by monitoring the operating department's actual and projected sales.
  • Produces accurate forecasts that enable operations to react to changes in the business.

Leading Finance & Accounting Team

  • 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.

Anticipating and Delivering on the Needs of Key Stakeholders

  • 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.

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.
  • Develops and supports achievement of performance goals, budget goals, team goals, etc.
  • Improves profit growth in operating departments.
  • Reviews audit issues to ensure accuracy.

Managing Projects and Policies

  • Generates and provides accurate and timely results in the form of

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