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Financial Director

Grand Hyatt Tampa BayAt Hyatt, we believe our guests select Hyatt because of our caring and attentive associates who are focused 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. This position reports to the hotel General Manager. The Director of Finance plans, organizes, directs, and controls the accounting and control function of the division, reports operational results, and provides financial support to hotel management.The role of the hotel director of finance as the hotel’s “Chief Financial Officer” can be categorized into four main areas of discipline as described below.· Financial Management: oversight of generating accurate and reliable financial reports, data, and analysis, month-end financial close, forecasting/budgeting, internal/external audits, owner/corporate reporting, etc.· Operational Leadership: cultivating finance talents and non-finance functional team leaders in financial literacy; prioritizing inclusion, diversity, and equity; colleague wellbeing; operational efficiency improvement; accountability, etc.· Internal Controls and Risk: risk assessment and risk mitigation, maintaining internal controls and segregation of duties, keeping up with local legislation changes, contract/license/permit administration, etc.· Business Partner: providing actionable analytical insights to maximize business results, providing financial perspectives and insights to support strategic decision-making, implementing processes, and partnering with the operational team to optimize the targeted results and track and measure the performances, etc.Duties include:· Responsible for short and long-term planning and the management of the Accounting function· Participate in total hotel management as a member of the Hotel Leadership Committee· Manage and lead hotel on-site accounting 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· 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· Provide Actionable Analytical Insights to maximize core business results as well as forward looking to enhance and evolutionize hotel performance and to optimize stakeholder values on long term strategies· Enable disciplined resource allocation to promote and enable smart and proactive decisions· 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 any and all adjustments, reconcile the audit numbers to the property numbers and approve the final audit· 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 and troubleshoot for respective cost controls and revenue enhancement· Aid in the preparation and final review of the annual business plans· Supervise the Information Technology function. Additionally have a sound understanding of the hotel operational and back office systems as well as Microsoft Office products· 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 employees to reflect Hyatt service standards and procedures Hyatt associates work in an environment that demands exceptional performance yet reaps great rewards.· Cultivate people leaders so that they are more enabled and accountable for advancing care for colleagues· Prioritize inclusion, diversity, and equity· Monitor and keep up with organization behavior and industry trends that create values· Maintain accountability of business strategic initiatives without compromising the core business values, relationships, and mission· Embrace change – technology enabled management using collaboration tools to reduce manual work and new behavioral techniques to get the best of the staff’s talentQualifications• Demonstrated ability to effectively interact with people of diverse socioeconomic, cultural, disability, and ethnic backgrounds• 6 years or more of progressive hotel Accounting experience• Previous Director of Finance experience with Hyatt preferred• Service oriented style with professional presentations skills• Hospitality or Accounting degree preferred• Must possess the following strengths: high energy, entrepreneurial spirit, motivational leader, effective communicator, effective in providing exceptional customer service and ability to improve the bottom line• Clear concise written and verbal communication skills in English• Must be an advanced user of Microsoft Word and Excel• Must have excellent organizational, interpersonal and administrative skills• Maintain communications with Corporate StaffHyatt is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
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What You Should Know About Financial Director, Hyatt

At Grand Hyatt Tampa Bay, we're not just about hospitality; we’re about creating unforgettable experiences for our guests. We’re searching for a dynamic Financial Director to join our vibrant team! In this pivotal role, you'll be the go-to financial guru, directly working alongside our General Manager and engaging with senior and corporate leadership. Your primary mission will be to ensure we manage our finances with precision and excellence, overseeing everything from financial reporting to budgeting and compliance with regulations. You'll have the chance to cultivate talents within the finance team while promoting operational efficiency and financial literacy across all departments. Imagine guiding the hotel to success by providing essential insights that enhance our services and optimize our performance. You’ll maintain robust internal controls while leading our accounting functions to guarantee timely and accurate reporting. Not only will you manage essential audits and financial assessments, but you’ll also foster meaningful relationships with our owners, attending meetings, responding to questions, and delivering custom reports that keep them informed. Above all, we want someone with an entrepreneurial spirit and exceptional leadership skills, who can inspire their team to reflect Hyatt's commitment to superior service. If you’re ready to take on this multi-faceted role and make a significant impact at Grand Hyatt Tampa Bay, we can’t wait to hear from you!

Frequently Asked Questions (FAQs) for Financial Director Role at Hyatt
What are the main responsibilities of the Financial Director at Grand Hyatt Tampa Bay?

The Financial Director at Grand Hyatt Tampa Bay is responsible for overseeing all financial aspects of the hotel, including generating accurate financial reports, managing budgeting and forecasting processes, and ensuring compliance with internal controls and regulations. Additionally, this role involves providing actionable insights to maximize business results and managing relationships with hotel owners.

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What qualifications are required for the Financial Director position at Grand Hyatt Tampa Bay?

To qualify for the Financial Director position at Grand Hyatt Tampa Bay, candidates should have at least six years of progressive hotel accounting experience, preferably with prior Director of Finance experience at Hyatt. A degree in Hospitality or Accounting is preferred, along with advanced skills in Microsoft Office, especially Excel.

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How does the Financial Director contribute to operational leadership at Grand Hyatt Tampa Bay?

The Financial Director plays a crucial role in operational leadership by cultivating financial literacy among team members, prioritizing inclusivity, and enhancing the overall operational efficiency of the hotel. This includes coaching non-financial leaders as well as ensuring that financial principles are understood and implemented across the organization.

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What is the role of the Financial Director in managing audits and compliance at Grand Hyatt Tampa Bay?

The Financial Director at Grand Hyatt Tampa Bay is responsible for overseeing the entire audit process, from coordinating external auditors to responding to their requests. This role also ensures that all reconciliations are accurate and that the hotel adheres to Sarbanes-Oxley (SOX) compliance, thus safeguarding the hotel's financial integrity.

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What skills are necessary for the Financial Director role at Grand Hyatt Tampa Bay?

Essential skills for the Financial Director role at Grand Hyatt Tampa Bay include exceptional communication and organizational abilities, leadership qualities, a strong analytical mindset, and proficiency in financial software and tools. Additionally, an entrepreneurial spirit and the ability to engage and motivate a diverse team are vital.

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Common Interview Questions for Financial Director
Can you describe your experience with managing financial audits and controls?

When discussing your experience with financial audits and controls, highlight specific instances where you successfully managed audits, ensured compliance with internal controls, and improved financial reporting. Mention any tools or strategies you used to streamline processes and enhance accuracy.

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How do you prioritize financial reporting and budgeting processes?

To effectively prioritize financial reporting and budgeting, elaborate on your methods for establishing timelines, utilizing financial software, and that you build collaborative relationships with department heads to ensure they understand their budget responsibilities and financial metrics.

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What strategies do you implement to enhance team financial literacy?

In your response, discuss specific programs or workshops you've facilitated to improve financial understanding among non-financial staff. Emphasize the importance of making financial concepts accessible and relatable across all functions.

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How do you maintain positive relationships with hotel owners?

Share your approach to maintaining positive relations with hotel owners. Highlight your communication skills, ensuring that you provide timely, transparent reports and respond to their queries swiftly. Discuss the importance of building trust and partnership.

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What methods do you use to provide actionable financial insights to support decision-making?

In your answer, detail how you gather and analyze financial data to create comprehensive reports. Discuss your techniques for translating that data into actionable insights for the management team and operational leaders.

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Can you describe a time you improved operational efficiency in a financial context?

Provide a specific example where you identified inefficiencies in financial processes and implemented solutions. Discuss the outcome and how it benefited the overall operation of the hotel.

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How do you ensure compliance with accounting regulations in your financial reporting?

Emphasize your knowledge of accounting regulations and procedures. Detail your practices for staying updated with changes in legislation and how you consistently integrate compliance checks into your financial reporting processes.

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What is your approach to coaching team members in financial management?

Highlight your commitment to mentorship. Describe specific techniques you use to encourage team members to engage with financial concepts, including regular training sessions or one-on-one coaching that emphasizes the importance of financial stewardship.

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How do you handle financial variance explanations in reports?

Discuss your systematic approach to analyzing variances, identifying the causes, collaborating with department managers for accurate explanations, and ensuring that these insights are communicated effectively in reports.

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What tools do you find essential for effective financial management in hospitality?

In your response, mention financial management software, reporting tools, and analytics platforms you have used successfully. Discuss how these tools assist you in ensuring accuracy, timely reporting, and informed decision-making.

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We care for people so they can be their best. Care comes from a place of empathy and authentic human connection. We do this by truly seeing people and getting to know them as unique individuals, so we can design and deliver personal experiences. ...

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Full-time, on-site
DATE POSTED
November 30, 2024

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