Assistant Director of Finance - The Madrid EDITION

Job description

Job Number 24020089
Job Category Finance & Accounting
Location The Madrid EDITION, Plaza de Celenque 2, Madrid, Madrid, Spain VIEW ON MAP
Schedule Full-Time
Located Remotely? N
Relocation? N
Position Type Management

JOB SUMMARY

- Lead the Finance team, including Purchasing and IT.
-  Knowledge of Spanish Legislation and Taxation
- Experience at Marriott Int, if possible in Luxury and/or Lifestyle Hotels (EDITION, RC, W, etc.)
- Knowledgeable about Marriott systems: Opera, People Soft, Micros/Infrasys, etc

- American Accounting reporting USALI
- Spanish Accounting
- Knowledgeable about Marriott's internal processes, ISRA, CSAT, SOP, etc.
- Preferably with years of experience in similar or leadership roles in Finance

Develops and implements property-wide strategies that deliver products and services to meet or exceed
the needs and expectations of the brand’s target customer and property employees. The position
provides the financial expertise to enable the successful implementation of the brand service strategy
and brand initiatives while maximizing the return on investment. In addition, creates and executes a
business plan that is aligned with the property and brand’s business strategy and focuses on the
execution of financial and accounting activities and the delivery of desirable financial results.
BUSINESS CONTEXT – EDITION
EDITION is the industry’s first truly global lifestyle hotel brand that successfully combines a personal,
intimate and unique hospitality experience on a global scale. Developed in collaboration with Ian
Schrager and Marriott Intl., EDITION combines outstanding innovation and design with the highest levels
of service execution. It achieves this goal by bringing great personal, friendly, modern service as well as
outstanding, one-of-a-kind food, beverage and entertainment offerings... “all under one roof”.
EDITION responds to new emerging cultural and social imperatives. It reflects these changing lifestyles
and caters to a vast underserved market of guests expecting and in turn demanding a unique
experience, not merely a place to sleep. Each hotel is rare in its individuality, authenticity, originality and
unique ethos that reflects the best of the cultural and social milieu of its location and of the time.
EDITION is about an attitude and the way it makes you feel rather than the way it looks. The attitude
comes alive to guests via their senses. The brand has unique language, modern visual appeal, music and
scent
CANDIDATE PROFILE
Education and Experience:
• 4-year bachelor's degree in Finance and Accounting or related major; 1 year experience in the
finance and accounting or related professional area.
OR
• Master's degree in Finance and Accounting or related major; no work experience required.
CORE WORK ACTIVITIES
Assists in Conducting Strategic Planning and Decision Making:
• Assists in the development of means to improve profit, including estimating cost and benefit,
exploring new business opportunities, etc.
• Analyzes information, forecasts sales against expenses and creates annual budget plans.
• Compiles information, analyzes and monitors actual sales against projected sales.
• Analyzes differences between actual budget wages and forecasted wages for more efficient budget
planning.
• Identifies the underlying principles, reasons, or facts of information by breaking down information or
data into separate parts.
• Assists in the creation of the annual operating budget for the property.
• Provides analytical support during budget reviews to identify cost saving and productivity
opportunities for property managers.
• Assists in the implementation of a system of appropriate controls to manage business risks. Ensures
a strong accounting and operational control environment to safeguard assets, improve operations
and profitability.

 

Analyzes financial data and market trends.
• Assists in the development and implementation of a comprehensive annual business plan which is
aligned with the company’s and brand’s strategic direction.
• Provides on going analytical support by monitoring the operating department’s actual and projected
sales.
• Produces accurate forecasts that enable operations to react to changes in the business.
Leading Finance & Accounting Team:
• Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates
sound financial/business decision making; demonstrates honesty/integrity; leads by example.
• Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and
precise manner.
• Oversees internal, external and regulatory audit processes.
• Provides excellent leadership by assigning team members clear accountability backed by
appropriate authority.
• Conducts annual performance appraisals with direct reports according to Standard Operating
Procedures.
Anticipating and Delivering on the Needs of Key Stakeholders:
• Attends meetings and communicating with the owners, understanding the priorities and strategic
focus.
• Understands and meets the needs of key stakeholders (owners, corporate, guests, etc.).
• Communicates financial concepts in a clear and persuasive manner that is easy to understand and
drives desired behaviors.
• Demonstrates an understanding of cash flow and owner priorities.
• Manages communication with owners in an effective manner.
• Manages property working capital and cash flow in accordance with brand SOPs and owner
requirements.
• Facilitates critique meetings to review information with management team.
Developing and Maintaining Finance and Accounting Goals:
• Ensures Profits and Losses are documented accurately.
• Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
• Submits reports in a timely manner, ensuring delivery deadlines.
• Develops and supports achievement of performance goals, budget goals, team goals, etc.
• Improves profit growth in operating departments.
• Reviews audit issues to ensure accuracy.
Managing Projects and Policies:
• Generates and provides accurate and timely results in the form of reports, presentations, etc.
• Reconciles balance sheet to ensure account balances are supported by appropriate documentation
in accordance with SOPs.
• Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in
the proper accounts).
• Ensures compliance with management contract and reporting requirements.
• Ensures compliance with standard and local operating procedures (SOPs and LSOPs).
• Ensures compliance with company Standard Operating Procedures (SOPs).
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.
• Conducts performance review process for employees
• Participates in hiring activities as appropriate.
MANAGEMENT COMPETENCIES
Leadership
• Adaptability – Develops strategies and identifies resources to implement and manage change;
models flexibility in adjusting priorities; and communicates the need for change in a positive way that
encourages commitment.
• Communication - Actively listens and uses appropriate communication styles to deliver complex
information in a clear concise way and influences others to accept a point of view, gain consensus,
or take action.
• Problem Solving and Decision Making - Models and sets expectations for solving complex
problems, collecting and comparing information to evaluate alternatives, considering their potential
impact before making decisions, involving others to gain agreement and support, and guiding others
to implement solutions.
• Professional Demeanor - Exhibits behavioral styles that convey confidence and command respect
from others; makes a good first impression and represents the company in alignment with its values.
Managing Execution
• Building and Contributing to Teams - Leads and participates as a member of a team to move the
team toward the completion of common goals while fostering cohesion and collaboration among
team members.
• Driving for Results - Focuses and guides others in accomplishing work objectives.
• Planning and Organizing - Gathers information and resources required to set a plan of action for self
and/or others; prioritizes and arranges work requirements self and/or others to accomplish goals and
ensure work is completed.
Building Relationships
• Coworker Relationships - Develops and uses collaborative relationships to facilitate the
accomplishment of work goals.
• Customer Relationships - Develops and sustains relationships based on an understanding of
customer needs and actions consistent with the company’s service standards.
• Global Mindset - Supports employees and business partners with diverse styles, abilities,
motivations, and/or cultural perspectives; utilizes differences to drive innovation, engagement and
enhance business results; and ensures employees are given the opportunity to contribute to their full
potential.
Generating Talent and Organizational Capability
• Organizational Capability - Evaluates and adapts the structure of organizational units, jobs, and
work processes to best fit the needs and/or support the goals of an organizational unit.
• Talent Management - Provides guidance and feedback to help individuals develop and strengthen
skills and abilities needed to accomplish work objectives.
Learning and Applying Professional Expertise
• Applied Learning - Seeks and makes the most of learning opportunities to improve performance of
self and/or others.
• Business Acumen - Understands and utilizes business information (e.g., data related to employee
engagement, guest satisfaction, and property financial performance) to manage everyday operations
and generate innovative solutions to approach business and administrative challenges.
• Technical Acumen - Understands and utilizes professional skills and knowledge in a specific
functional area to conduct and manage everyday business operations and generate innovative
solutions to approach function-specific work challenges.
o Economics and Accounting - Knowledge of P&L statements, operating budgets,
forecasting and scheduling, and the reporting of financial data.
o Auditing and Reconciliation - The ability to recognize, research, and resolve discrepancies
in financial data, and create flow charts on main accounting and control cycles (A/R, AP,
Cash) to facilitate understanding of key control points.

 

o General Finance and Accounting - The ability to perform bookkeeping procedures,
proficiently use financial systems technology, and accurately complete general ledger entries;
knowledge of database structures in order to obtain financial queries; establish Cash flow
statements and cash flow forecast with a good understanding the financials flows and the
working capital needs.
o Analysis - The ability to create and maintain spreadsheets as well as analyze and summarize
financial data using appropriate financial software.
o Accounting Knowledge - Knowledge of general accounting principles and current company
accounting policies and procedures. This includes general accounting and financial
reporting, auditing, accounts payable, and accounts receivable.
o Accounting and Internal Control Knowledge - Knowledge of local Generally Accepted
Accounting Principles (local GAAP), EDITION International Policies (MIP), and International
Standard Operating Procedures (ISOPs).
o Legal - Ability to read and understand basic contract elements, e.g. royalty fees,
management agreement, terms, priorities and profit distribution.
o Auditing Skills - The ability to perform auditing procedures, including the ability to recognize,
research, and resolve discrepancies in financial data.
o Accounts Payable and Accounts Receivable - Knowledge of Accounts Payable and
Accounts Receivable processes, including knowledge of subledger reconciliation and
controls.
• Basic Competencies - Fundamental competencies required for accomplishing basic work activities.
o Basic Computer Skills - Uses basic computer hardware and software (e.g., personal
computers, word processing software, Internet browsers, etc.).
o Mathematical Reasoning - Demonstrates ability to add, subtract, multiply, or divide quickly,
correctly, and in a way that allows one to solve work-related issues.
o Oral Comprehension - Demonstrates ability to listen to and understand information and
ideas presented through spoken words and sentences.
o Reading Comprehension - Demonstrates understanding of written sentences and
paragraphs in work-related documents.
o Writing - Communicates effectively in writing as appropriate for the needs of the audience.

 

Marriott International is an equal opportunity employer. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, such as disability and veteran status, or any other basis covered under applicable law.

EDITION Hotels combine the visionary genius of boutique hotelier Ian Schrager, the service delivery of a world-class luxury hotel, and the global reach of Marriott International to create an entirely new experience in the world of hospitality. EDITION delivers the best of both worlds in a delicate balancing act – polish with personality, perfectionism with individualism, and comfort with charisma and charm. The brand targets sophisticated, knowledgeable consumers who understand quality, originality, design, and service excellence, but who want it without limitations – breaking the bounds of convention and demanding an attitude and a feeling wrapped in a package that showcases the exceptional.

But to create this magical experience, we need you. We are looking for outgoing, authentically amazing people who are looking for a place to work that inspires them, challenges them and makes them proud to come to work. A place where service comes from the heart, not from a handbook. A place that delivers a never-ending theatrical performance that continuously delights and enchants each and every one of our guests.

We invite you to join us today. In joining EDITION, you join a portfolio of brands with Marriott International. Be where you can do your best work,​ begin  your purpose,  belong  to an amazing global​ team, and  become  the best version of you.