Director of Finance

Accor Hotels; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

Accor Hotels is seeking a Finance Director to oversee its hotel financial operations in Toronto. This role requires strong leadership skills and a deep understanding of financial systems in the hospitality industry. The Finance Director will ensure accuracy in financial reporting and compliance with local regulations while guiding the financial planning and budgeting processes. Join a globally recognized brand that offers opportunities for growth and personal development.

Benefits

Great healthcare

Competitive salary

Learning opportunities

Diversity and inclusion events

Qualifications

• 5+ years leadership experience in a luxury resort.
• Strong command of financial KPIs: GOP, REVPAR, EBITDA.
• Solid knowledge of hospitality financial systems.

Responsibilities

• Oversee Finance and Accounting department for accurate financial reporting.
• Coordinate hotel financial planning and budget management.
• Conduct internal audits and implement control policies.

Skills

Leadership

Communication

Financial Analysis

Interpersonal Skills

Knowledge of KPIs

Education

Master’s Degree in Finance or Hospitality Management

Tools

Property Management Systems

Job description

SO / Maldives is reinventing the luxury island getaway experience with bespoke beach-front and over-water villas and sensorial experiences rooted in fashion and art. With diverse dining, a sophisticated playful beach club and serene spa all set in a private lagoon enclave, it's time to escape, explore and play. Where castaway meets runway, the stylish collection of 80 villa collections are designed for open plan living with panoramic ocean views.

A 15-minute speedboat ride from Velana International Airport whisks you away to a private island in this idyllic archipelago overlooking the Emboodhoo Lagoon. Introducing a new generation of luxury for modern adventurers.

Job Description

• To oversee the Finance and Accounting department in the hotel and ensure its smooth running so that all financial and management reports are accurate and available by their due dates.
• To define and implement hotel internal control policies and procedures, ensuring their effectiveness so that the profitability of the hotel is maximized (in conjunction with the General Manager of the hotel).
• Direct and coordinate hotel financial planning and budget management functions.
• Monitor and analyze monthly operating results against budget.
• Direct and coordinate debt financing and debt service payments with external agencies.
• Prepare annual reports of actual revenues, transfers, and expenses.
• Analyze financial outlooks and prepare financial forecasts.
• Prepare financial analysis for contract negotiations and product investment decisions.
• Ensure compliance with local, state, and federal budgetary reporting requirements.
• Establish and implement short- and long-range departmental goals, objectives, policies and operating procedures.
• Maintain an organizational structure and staffing to effectively accomplish the department’s goals and objectives.
• Serve as primary legislative liaison relative to company financial issues.
• Direct financial audits and provide recommendations for procedural improvements.
• Conduct regular checks on procedures for purchasing, receiving, storing, issuing, food preparing and portioning.
• To ensure that the books, records and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.
• To devise and maintain a system of internal accounting control sufficient to ensure that transactions are executed in accordance with Management’s general and specific authorization and in compliance with generally accepted accounting principles and specific country legislation.
• To review and certify any hotel internal or external financial reporting before distribution.
• Oversee the preparation of the hotel’s yearly operating budget.
• To ensure that the hotel holds execute all required finance related SOPs and Policies.
• To ensure the hotel has adequate insurance policies in place as stipulated in the Management Agreement.
• To review all proposed contracts for pricing and terms, ensuring that the hotel’s interest comes first and is protected at all times.
• To provide assistance to other operational departments in the definition, implementation and follow-up of improved internal control tools.
• To maintain close communication with third parties such as the Owning company, public auditors, external auditors, local authorities and Accor Regional Office.

Qualifications

• Master’s Degree in Finance or Hospitality Management
• Minimum 5 years of leadership experience in similar senior role in a luxury resort
• Strong leadership and managerial skills with the ability to motivate and lead diverse teams.
• Excellent communication and interpersonal skills to interact effectively with team members, and stakeholders.
• Solid knowledge of hospitality-specific financial systems.
• Proficiency in property management systems and strong knowledge of revenue and yield management principles.
• Understanding of taxation, compliance, labor laws, and internal controls.
• Strong command of financial KPIs : GOP, REVPAR, EBITDA, flow-through, etc.

Additional Information

• Lots of opportunity to progress and switch it up as part of a global family of brands.
• Great healthcare, competitive salary, and some nice extra perks across the Ennismore family of brands!
• Learning opportunities to broaden your skillset and development that helps you think, make, and thrive at work.
• An annual diversity and inclusion calendar of events creating opportunities for you to learn, celebrate and make a positive impact.
• The opportunity to be yourself and collaborate with other bright minds in a relaxed, innovative culture.

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