Director of Finance

ANDAZ

DIRECTOR OF FINANCE

DEPARTMENT: FINANCE

JOB SUMMARY

The Director of Finance is responsible for overseeing all financial operations of the Andaz Turks and Caicos Resort. This includes managing accounting functions, developing financial strategies, preparing budgets, monitoring financial performance, and ensuring compliance with local regulations and Hyatt’s corporate policies. The Director of Finance works closely with the General Manager and other department heads to drive profitability, control costs, and support the overall financial health of the resort.

RESPONSIBILITIES

• Lead the development and implementation of the hotel’s annual budget, financial forecasts, and long-term strategic plans.
• Monitor the hotel’s financial performance and recommend corrective actions to ensure the achievement of financial goals.
• Provide detailed monthly, quarterly, and annual financial reports, highlighting variances and proposing solutions to address gaps
• Analyze financial results, including revenue, expenses, profits, and losses, to provide insights and recommendations to hotel leadership.
• Prepare and present comprehensive financial reports to the General Manager and corporate offices, ensuring accuracy and timeliness.
• Conduct financial modeling, variance analysis, and profitability assessments for key areas of the hotel’s operations.
• Manage the hotel’s cash flow, ensuring sufficient liquidity to meet operational and capital needs.
• Oversee banking relationships, cash management, and investment strategies to optimize returns and minimize risks.
• Implement procedures for proper cash handling, credit policies, and accounts receivable/payable management.
• Ensure the hotel complies with local and international financial regulations, tax laws, and Hyatt corporate financial policies.
• Implement and maintain a robust system of internal controls to safeguard the hotel’s financial assets and prevent fraud or misappropriation.
• Coordinate audits and ensure timely responses to audit findings and recommendations.
• Analyze and control hotel expenses to ensure alignment with budgetary constraints and profitability goals
• Identify opportunities to increase revenue, improve margins, and reduce costs without compromising service quality.
• Work closely with department heads to manage expenses related to food and beverage, labor, utilities, and capital projects.
• Manage the hotel’s capital expenditure (CapEx) planning, ensuring that investments in property, plant, and equipment are aligned with the hotel’s long-term strategy.
• Oversee the maintenance of financial records related to fixed assets, depreciation, and capital improvements.
• Monitor the return on investment (ROI) of kev projects and make recommendations for future investments.
• Collaborate with external stakeholders, including banks, auditors, tax advisors, and government authorities, to ensure financial compliance and optimize financial operations.
• Communicate financial performance and business outlook to internal stakeholders, including the General Manager, ownership, and Hyatt corporate offices.

QUALIFICATIONS

• Bachelor’s degree in Finance, Accounting, or related field (Master’s degree or CPA preferred).
• Minimum of 7-10 years of financial management experience, preferably in the luxury hotel or hospitality industry.
• Strong knowledge of accounting principles, financial analysis, budgeting, and forecasting.
• Expertise in financial reporting, including P&L, balance sheet, cash flow, and variance analysis.
• Experience with hotel financial systems Opera, Oracle, or similar systems) and HR management software.
• In-depth understanding of local tax laws, labor regulations, and hospitality industry standards.
• Proven ability to lead and develop high-performing finance teams.
• Excellent communication, analytical, and problem-solving skills.
• Strong attention to detail and commitment to financial accuracy and integrity.

PLEASE APPLY IN WRITING, ADDRESSED TO HUMAN RESOURCES, ANDAZ TURKS AND CAICOS RESIDENCES, GRACEBAY,

EMAIL; HR@ANDAZTCRESIDENCES.COM. QUALIFIED CANDIDATES WILL BE CONTACTED FOR AN INTERVIEW.