Area Director of Finance Sub Sahara and Africa

2 weeks ago

Cape Town, South Africa Marriott International, Inc Full time

**Job Number** 22198108

**Job Category** Finance & Accounting

**Location** MI Regional Office Cape Town, Arthur's Road, Western Cape, South Africa, South Africa VIEW ON MAP

**Schedule** Full-Time

**Located Remotely?** N

**Relocation?** N

**Position Type** Management

***

The Area Director of Finance is to provide strategic financial leadership in achieving profit, cash flow, and key performance goals while further enhancing owner, relationships and managing Marriott Investments in the designated countries. Partner with the, Area VP, and VP Operations Finance to help make optimal business decisions for the designated properties/brands in the EMEA Continent. Provide a strategic perspective and use sound financial skills and business acumen to identify profitable opportunities, anticipate challenges, and create competitive breakthrough strategies, while ensuring a controlled financial environment and protecting and strengthening Marriott's competitive advantage.

**SCOPE**

The Area Director of Finance provides support to the owned / leased managed properties in their Area and in addition properties under development.
- Location requirements: The Area Director of Finance to be located Cape Town
- Language Requirements: High proficiency (speaking, reading and writing) in English.
- Travel Requirements: 50 - 80% with a base in Cape town and travel in Sub Sahara, occasional travel to ME and London

**BUSINESS CONTEXT**
- High owner involvement.
- Increasing competition in the marketplace.
- Manage capital spending to ensure increase in market share.
- Support on-going property renovations.
- Manage risk exposure and protect owner & MI investment.
- May be a high amount of time spent traveling.

**Leadership Competencies**

**Financial Business Leadership**

Leverage strong financial expertise to enable the successful implementation of the hotel strategy and brand initiatives. Demonstrate a thorough understanding of the lodging business (hotel operation, industry drivers, challenges, competitors, and brand’s position in the global market place) and assert leadership to influence the strategic direction of the operation, unveil opportunities for growth, optimize allocation of financial resources, and drive business results. Focus on maximizing the property’s top revenue line by supporting the development of revenue generating strategies for rooms and other areas of the hotel. Manage the bottom profit line by educating leaders on sales and profit maximization and implications of business decisions and providing analytical decision support and tools.

**Financial and Accounting Management**

Effectively manage the execution of finance and accounting responsibilities for the area including development of the annual business plan and operating budget, forecasting, internal controls, financial analysis, cash management, balance sheet reconciliation, financial reporting, P&L accuracy, capital expenditure budget, etc. Provide strong technical expertise and direction, ensure appropriate controls are in place to manage business risks, manage through reliable systems and processes, and work through own team and influences other department managers to drive results.

**Human Resources**

Hire, develop, and retain a diverse hourly and management workforce to provide strong functional expertise, creativity and effective financial and entrepreneurial leadership to the property and the discipline. Creates and sustains a work environment that embraces the brand’s culture, ensures fair and equitable treatment, and ensures employee satisfaction to enable business success.

**Owner Relations**

Develop and maintain a trusting and effective business partnership with property ownership by understanding the management contract, the owner's perspective, and return on investment (ROI) expectations. Manage an effective balance between the owner's and Marriott International's interests and develop solutions that meet expectations and create value for both.

The following are specific responsibilities and contributions critical to the successful performance of the position:

- Facilitate the business planning processes (LRP, operating and capital budgets, forecast, risk assessment), standard reporting processes (working capital, month end reporting, annual statement of operations, etc.), and compliance with local tax, financial, accounting regulations, and management agreements.
- Provide direction and support to ensure compliance on balance sheet analysis/certification, hotel audits and internal control standards, P&L reviews, cash flow forecasts, technical accounting, financial systems and reporting, and financial analysis (pro forma, project analysis, business cases, etc.).
- Lead the execution of finance and accounting responsibilities across multiple sovereign jurisdictions and in different currencies, including: budgeting and forecasting, controls, financial analysis, cash management, balance sheet, financial reporting and

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