Director of Finance
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Job Number 20011335
Job Category Finance and Accounting
Location W Sydney, 31 Wheat Road, Darling Harbour, Sydney, New South Wales, Australia VIEW ON MAP
Brand W Hotels
Position Type Management
Start Your Journey With Us
Boldly coloring outside the lines of luxury, W turns the traditional notion of the extravagant hotel on its head. Our irreverent attitude and taste for excess redefine revelry for the modern jet set. Our guests have a lust for a life less ordinary that drives them to demand more, experience it all, and hit repeat.
We share our guests’ passions, providing insider access to what’s new and what’s next. Moderation is not in our vocabulary and we know that lust for life demands more, not less. W guests soak it in and live each day with a mantra: Detox.Retox.Repeat. If you’re ready to create the energetic W scene that is magnetic to everyday disruptors around the world, then we invite you to explore a career with W Hotels.
The W Sydney has 450 guest rooms and suites and 136 one, two- and three-bedroom apartments, 3 beverage and food outlets, a 600 SM ballroom and 3 meeting rooms. Guests will enjoy uninterrupted water views across Sydney Harbour to the north and a vista across the city and Tumbalong park. The W Sydney offers easy accessibility and good proximity to the newly reopened Sydney convention & exhibition centre, retail and dining facilities located in and around the Darling Harbour area, including Cockle Bay Wharf and Harbourside Shopping Centre and major tourist attractions located in Sydney Harbour.
The hotel is project to open in Q1, 2021.
The Director of Finance manages the day-to-day operation of the Accounting Office. Responsibilities include but are not limited to financial analysis and financial reporting, budgeting/forecasting, audit and control, asset and liability reconciliation, working capital and cash control.
The Director of Finance will conduct their duties in a courteous, safe and efficient manner, in accordance with the hotel’s policies and procedures, ensuring that a high level of service is maintained.
Cast Key Responsibilities:
Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision-making; demonstrates honesty/integrity; leads by example
Celebrates successes and publicly recognizes the contributions of team members
Establishes and maintains open, collaborative relationships with employees and ensures employees do the same within the team
Leverages strong functional leadership and communication skills to influence the management team and to lead own team
Creates a working environment that enables the retention of top talent and where individuals perform at their best
- Encourages open dialogue between team members
Assigns team members and other department managers clear accountability to accomplish goals
Ensures disciplinary procedures and documentation are completed according to Standard and Local Operating Procedures (SOPs and LSOPs) and support the Peer Review Process
Uses all available on the job training tools for employees
Ensures property policies are administered fairly and consistently
Maintaining Finance and Accounting Goals
Submits reports in a timely manner, ensuring delivery deadlines.
Ensures profits and losses are documented accurately
Achieves and exceeds goals including performance goals, budget goals, team goals, etc
Develops specific goals and plans to prioritize, organize, and accomplish your work
Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued
Compiles, codes, categorizes, calculates, tabulates, audits, or verifies information or data
Maintains a strong accounting & operational control environment to safeguard assets, improve operations and profitability and manage business risks
Generates and reviews financial reports that are linked to the plan’s financial goalsManaging Projects and Policies
Generates and provides accurate and timely results in the form of reports, presentations, etc
Analyses information and evaluating results to choose the best solution and solve problems
Ensures that the P&L is accurate (i.e., costs are properly matched to revenue, costs are recorded in the proper accounts) and statements are delivered to appropriate individuals in a timely manner
Reconciles balance sheet and ensures account balances are supported by appropriate documentation in accordance with SOPs
Oversees internal, external and regulatory audit processes and ensures compliance with Standard Operating Procedures (SOPs)
Produces accurate and timely financial reports to support effective decision-making
Ensures compliance with standard and local operating procedures (SOPs and LSOPs)
Ensures tax rates used for sales/use tax are current and proper amounts are collected and/or accrued
- Documents tax exempt transactions
- Demonstrating and Applying Accounting Knowledge
Demonstrates knowledge of job-relevant issues, products, systems, and processes
Uses computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information
Uses relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards
Keeps up-to-date technically and applying new knowledge to your job.
Provides analytical support during budget reviews to identify cost saving and productivity opportunities
Proving Financial Information and Guidance to Others
Informs and/or updates the executives, the peers and the subordinates on relevant information in a timely manner
Provides on going analytical support (e.g., monitoring the operating department’s actual and projected sales and profit and coaches management team to ensure financial goals are met and opportunities are identified and addressed)
Orients property managers to the accounting function and coaches to effectively manage their department’s financial performance
Provides meaning or context to the financial results
Advises the Director of Finance on existing and evolving operating/financial issues
Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures, and efficient control and utilization of financial resources
Knowledge and understanding of financial knowledge, controls, inventory, costs, expenses, and all cash handling procedures and policies.
- Managing and Conducting Human Resource Activities
Ensures team members are cross-trained to support successful daily operations.
Ensures property policies are administered fairly and consistently.
Ensures new hires participate in the department’s orientation program.
Ensures new hires receive the appropriate new hire training to successfully perform their job
Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities
Provides information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person
Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviours
- Attends critique meetings to review information with management team
Collaboration and Communication with the Senior Leadership Team and all talent within W Sydney.
Promoting effective communication amongst all talents within the Revenue Management department to ensure every member of the team has sufficient information and resources to fuel the lust for life of our internal & external guests.
Building long-lasting relationships with talent and guests at all times.
Providing guidance to all talents by giving constructive feedback. To identify talent’s learning gaps and develop training systems designed around employees’ developmental needs.
Understanding the talent within the department’s strengths and weaknesses and in doing so, foster a working environment where all talents are able to build on constructive feedback. To encourage the use of direct and indirect feedback to improve talent’s self-awareness and development in growing with Marriott.
Embracing the W Sydney Core Vision and Values and ensuring it is cascaded to our talent
Promoting a playful working culture based on Marriott’s “Put People First” culture and W Hotels’ Core Values whereby talents can achieve their fullest potential and their accomplishments are recognized and rewarded.
Embracing talent development by actively planning and participating in training initiatives.
Encouraging bottom-up feedback and communication to regularly review and action on talent suggestions.
Acting ethically in the handling, reporting and use of confidential information.
Ensure health & safety regulations standards are complied with.
Working knowledge of federal, state and local laws governing equal employment opportunity and civil rights, occupational safety and health, wage and hour issues, and labour relations.
Conducting meetings, communicating regularly with peers and other departments.
Flexibility to respond to a range of different work situations.
- Produce exciting shows together
- Embrace differences
- Own it
- Get it done creatively
- Think and act proactively
- Do it with style
- Believe in W and personally engage
- Be all that is now, embrace what is next
- Achieve your potential
Cultivate your talent
Know your job and serve as an expert in your particular area
Effectively learn and apply job knowledge and technical skills
Work to improve your functional skills for the future
- Readily share your expertise with other
Serve as a champion of W through words, actions and gestures
- Follow brand standards
- Have and show pride in W
- Support the brand values: Bold, Witty, Insider
Influence Your Audience
Communicate clearly and thoughtfully to engage your audience
Use the brand voice when writing and speaking to promote the culture
Tailor method and style to persuade and capture the attention of your audience
Continually enhance stand-up and visual presentation skills
- Sell it!
Flex Your Style
- Know your strengths and weaknesses
- Understand how your style and actions affect others
- Understand what’s going on around you
Choose to stay cool, confident, thoughtful and encourage others to follow your lead
- Fill emotional bank accounts
- Know when it’s time to change and try new things
- Foster excitement for what’s next
Encourage the free exchange of ideas and risk taking
Bench mark the best and adapt good ideas to make them great
- Build and communicate the case for change
- Influence others to innovate and evolve
Solve the Right Problem
Support and investigate the resolution of important problems
- Escalate issues and eliminate barriers to progress
- Secure additional resources where payoff is clear
Provide guidance and work together to find creative solutions
- Hire for attitude and train for skills
- Actively coach and develop others
Lead with Passion
- Show passion for what we do
- Inspire, celebrate and promote team success
Align and Engage
- Solicit input and involve others
Work through others to execute plans and achieve objectives
Technical / Functional Competencies
- Excellent networking and communications skills.
A genuine personal interest in lifestyle events and information that is close to W’s core values and brand positioning.
Excellent interpersonal and problem resolution skills with an outgoing personality and ability to work as part of a team.
Excellent communication and organization skills – ability to handle multiple tasks at once and follow-up whenever needed
- Excellent analytical and numerical skills
Minimum of 3 years’ experience in a hotel finance team
Marriott and Australia experience required
Must be able to speak, read, write and understand English. Additional knowledge of international and local languages is appreciated but not mandated.
Proficiency in Microsoft Outlook, Word, Excel and PowerPoint
- Proficiency in Opera PMS
- Proficiency in Micros Simphony POS
- Proficiency in Birchstreet purchasing system
- Proficiency in PeopleSoft accounting system or similar
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws