Director of Finance

Hyatt Regency; Newport Beach (CA); On-site; USD 128,000 - 180,000; Full time

Job summary

Hyatt Regency Newport Beach in Newport Beach, CA seeks a Finance Business Partner who embraces agile principles and cross-functional collaboration to implement strategic financial strategies aligned with hotel objectives.

The Director of Finance oversees all financial operations, planning, budgeting, month-end close, and internal controls, partnering with hotel management to drive profitability and stakeholder value while nurturing talent and a culture open to change.

Qualifications

• 6+ years of finance progression; hospitality/retail preferred.
• Degree in Accounting, Finance, Hospitality, or Business preferred.
• Strong English written and verbal communication.

Responsibilities

• Lead financial operations and reporting for the hotel.
• Oversee budgeting, month-end close, and audits.
• Ensure internal controls and SOX compliance.
• Partner with management to drive cost efficiency and revenue growth.

Skills

MS Office

Education

Degree in Accounting, Finance, Hospitality, Business or related field

Job description

Organization- Hyatt Regency Newport Beach - The Newporter

Summary

Hyatt seeks a Finance Business Partner who embraces the principle of agile and is committed to cross-function collaboration aimed at implementing strategic financial strategies aligned with business objectives to deliver on key priorities for all stakeholders. This role reports to the General Manager and is pivotal in guiding strategic decision making and financial planning to drive the hotel’s achievements and profitability. You will be part of a team that is committed to nurturing curiosity and new skills, and building connections across the organization with stakeholders, colleagues and guests. The Director of Finance oversees all financial operations of the hotel, ensuring accuracy, efficiency and adherence to financial regulations and standards. The Director of Finance plans, organizes, directs, and controls the financial and control function of the division, reports operational results, and provides financial support to hotel management. The DOF is expected to embody the following core competencies and the following expertise:

• Financial Management
  • Prepare and review all monthly and annual financial statements. Investigate, review and analyze the variance explanations, involving the department managers in this process. Identify areas for improvement and execute necessary corrective measures as required.
  • Manage and lead hotel on and off-site accounting functions to ensure proper fiscal management, timely and accurate reporting, and analysis. This responsibility also includes hotel financial and capital planning, budgeting, month-end financial close, accounting, and cash management.
  • Leads the development and implementation of a comprehensive annual business plan aligned with business objectives.
  • Complete the year-end process. Review and approve all reconciliations and audit work papers. Coordinate the external auditors’ visits, respond to auditor requests, approve all adjustments, reconcile the audited report to the hotels information and approve the audit.
• Internal Controls & Risk
  • Ensures adherence to HMA terms and fulfills reporting obligations.
  • Maintain adherence to policies and procedures to ensure sound internal controls and segregation of duties.
  • Manage SOX Compliance
  • Monitor and keep abreast of industry trends, local legislative changes and organizational behavior to inform sound business decisions.
• Operational Leadership
  • Mentor and coach, the finance team providing direction, training, and performance feedback to nurture their professional advancement and growth.
  • Support the development of future leaders in ALL areas of the hotel.
  • Empower employees with financial insights.
  • Supervise the Information Technology and Procurement function. Additionally have a sound understanding of the hotel operational and back-office.
  • Cultivates and supports environment receptive to change.
• Business Partner
  • Collaborate with management to devise and implement strategic initiatives aimed at cost efficiency and revenue generation enhancements to achieve business objectives without compromising core business values and relationships.
  • Nurture relationship with owners’ representative and key stakeholders ensuring timely communication and submission of deliverables.
  • Embody a growth mindset and embrace change to drive value to stakeholders.

The salary range for this position is $128,000 - $180,000.

Qualifications

• 6 years or more of finance career progression; preferred experience in hospitality, retail, or related industry.
• Degree in Accounting, Finance, Hospitality, Business or related field preferred.
• Demonstrated ability to effectively interact with people of cultural, disability, and ethnic backgrounds.
• Clear and concise written and verbal communication skills in English
• Proficiency in Microsoft Office products