Complex Director of Finance

6 days ago

Penang, Malaysia Marriott International, Inc Full time

**Job Number** 23114658

**Job Category** Finance & Accounting

**Location** Penang Marriott Hotel, One Marriott Drive, Penang, Malaysia, Malaysia

**Schedule** Full-Time

**Located Remotely?** N

**Relocation?** N

**Position Type** Management

**HOTEL DESCRIPTION**

Perfectly positioned along Gurney Drive, a popular seafront promenade in George Town, Penang Marriott Hotel will be part of a 55-storey tower, featuring 220 rooms to enable guests to seamlessly transition between work and relaxation. A range of dining options, including a speciality restaurant, an all-day dining buffet restaurant, bar and lounge areas, will provide guests with a wide offering of local and international favorites. Guests will also be able to maintain their fitness routines while on the road, with a fully-equipped fitness center, along with an outdoor swimming pool, complete with a sun deck. This new hotel will also cater to business travelers’ every need, with a state-of-the-art business center and multi-purpose event spaces - including a 500sqm ballroom as well as 4 meeting rooms, perfect for hosting business meetings, functions and other special events. The hotel is projected to open in Q1, 2024.

**JOB SUMMARY**

Functions as the strategic financial business leader for a cluster of 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. 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 and exploring new business opportunities.
- 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 properties.
- 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 for Cluster**
- 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,

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