United States
Our foundation in family goes back to 1957, when entrepreneur Jay Pritzker purchased the original Hyatt House motel. Pritzker and his brother, Donald, worked to grow the Hyatt brand, powered by their belief in the importance of family and care. As of March 31, 2020, Hyatt is a global hospitality company with 20 premier brands and more than 900 hotel, all-inclusive, and wellness resort properties in over 65 countries across six continents.With more than 127,000 colleagues across 65 countries, we embrace all cultures, races, ethnicities, genders, sexual orientations, ages, abilities, perspectives, and ways of thinking. Our culture is one that empowers every individual to be his or her best, and such authentic connection inspires the way we care for each other and for our guests.Be a part of something bigger. Enjoy life every day. Make a difference in the lives of those around you. Love where you work. Join a company that values respect, integrity, humility, empathy, creativity, and fun. With careers spanning the globe, your perfect opportunity awaits. Discover why Hyatt is consistently ranked one of the world’s best places to work.
Industry : Hotels & Resorts
Department : General Management
Location : Denver, United States
Level : Director
Posted : 21 Feb 2025
Job Role : Finance Director
Recruiter : Hyatt Hotels
Job Ref : HOZ78817
Employment Type: Permanent
Job Type :
Validate Through : 2025-03-22
Salary Description: Competetive Salary Offered
Description
Description
At Hyatt, we believe our guests select Hyatt because of our caring and attentive colleagues who focus on providing efficient service and meaningful experiences. As a member of the properties Leadership Committee, the Director of Finance is a highly visible role with exposure to Senior and Corporate leadership, property ownership and our asset management firm. This position reports to the hotel General Manager.
The Director of Finance is responsible for providing consistent leadership in the financial area of the hotel by focusing on the profitability of the business; maintaining accurate and timely financial reporting; ensuring acceptable levels on internal control; ensuring compliance with all federal, state, and local regulations and Standard Operating Procedures; and safeguarding owners' assets.
Duties include:
Responsible for short and long term planning and the management of the Finance Division.
Participate in total hotel management as a member of the Hotel Leadership Committee.
Manage and lead hotel on-site finance functions to ensure proper fiscal management, timely and accurate reporting and analysis for the hotel. This responsibility also includes hotel financial planning, budgeting, accounting and cash management.
Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of monthly financial statements for the property: cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
Forecasting, budgeting and preparation of the estimates of financial performance to create analytical insights that drive results.
Prepare and review all monthly and annual financial statements. Investigate, review and analyze the variance explanations, involving the department managers in this process. Take initiative to manage trouble shooting for respective cost controls and revenue enhancement.
Assist in nurturing the important relationship with the owners. Be responsible for supervising and coordinating owner reporting as required. Provide custom reports, respond quickly to questions or requests and attend meetings.
Manage SOX compliance.
Complete the year-end audit process. Review and approve all reconciliations and audit work papers. Coordinate external auditor's visits, respond to auditor requests, approve all adjustments, reconcile the audit numbers to the property numbers and approve the final audit.
Aid in the preparation and final review of the annual business plans.
Have a sound understanding of the forecasting system and the tools from Revenue Management.
Review monthly and quarterly property financial forecasts, assure that the forecast is attainable.
Coach and counsel colleagues to reflect Hyatt's Purpose of Care, our Values as well as our service standards, practices and procedures.
Providing leadership to an onsite team of knowledgeable and skilled individuals in the Finance, Purchasing, Productivity and IT functions of the property.
Maintaining a close relationship with the various support functions at the Hyatt Shared Services Center and maintain ongoing communication with the various Hyatt Divisional and Corporate functional areas.
Coordinating the preparation of the presentations for the monthly asset manager/owner meetings, active participation in such meetings, and ongoing communication with the asset managers/owners of the hotel.
Developing and maintaining the short and long term career advancement and succession plans of direct reports.
Providing leadership and divisional financial guidance to each hotel's Leadership Committee Team.
Directs or prepares all financial reports in accordance with requirements, meeting various due dates and deadlines,
Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Cash Tracking
Monthly: Financial Statements, Variance Reports, Forecasting, Key Statistics Report, Cash Flow
Annual: Budgets, 5-Year Plans, 5-Year Capital Plans
Monitor the accurate production of the hotel's daily operating report.
Maintain and manage disbursements in accordance with the approved annual capital budget. Assist DOE with preparation of the annual capital budget.
Contract administration to insure compliance with Hotel Operating Agreement requirements.
Insure hotel compliance with Hyatt's internal controls subject to internal corporate review.
Hyatt colleagues work in an environment that demands exceptional performance yet reaps great rewards. Whether its career opportunities, job enrichment or a supportive work environment, if you are ready for this challenge, then we are ready for you.
This is not your typical career opportunity. This is the Hyatt Touch.
Qualifications
Qualifications
Rishi star
Mumbai, India
Awesome hotel !!