Commercial Finance Manager
London, UK
5d ago

Job Summary

The Commercial Finance Manager is accountable for their portfolio of hotels in respect of understanding and driving financial performance and ensuring challenge and insight across the portfolio.

The Hotels in scope for this role are allocated from the London properties in the HAFS model (excluding London Metropole).

The role has accountability for developing excellent working relationships across a broad range of internal and external stakeholders, including within Operations Finance, Hotel Operations, Commercial VPs, Central Functional leadership, Leaseholders, Owners and Asset Managers and the broader commercial finance team.

They will support the commercial agenda across the London Commercial Leadership team; developing strong business partnering relationships, providing constructive challenge, insight, and quantification of trade-

offs to deliver against strategic priorities.

They will have responsibility for identifying emerging risks and opportunities, providing robust and appropriate financial advice on commercial activities and making suitable recommendations to drive value.

The role will also have responsibility for specific cost lines for the whole UK&I leased and managed portfolio recommending opportunities for improvements at a macro level working closely with the Commercial Finance team and stakeholders.

The Commercial Finance Manager will also support the Commercial Finance Director as the Operations Finance interface to leaseholders and owners and will be tasked with presenting consistent and effective information to support their requirements and maximise returns.

The role will work closely with the FP&A team to challenge and provide insight on performance. The Commercial Finance Manager will use this analysis to build action plans to maximize profitability for hotels.

The role holder must be comfortable influencing at Senior level and combine the ability to think strategically with a positive hands-

on attitude. Key stakeholders will include FP&A team, UK&I Hotel Exec Leadership, Hotel Commercial Leadership, Hotel General Managers, Owners, Asset Managers, Corporate Functional Leads.

The role will also be responsible for driving a high performing team culture.

What will I be doing?

  • Assist Commercial Finance Director in their role as internal asset manager for Hilton and lead Operations Finance to drive performance and maximise profitability of Managed & Leased Hotels in scope.
  • Partner with the FP&A team to ensure that forecasts are robust and challenge the Hotels performance.
  • Use variance analysis provided by FP&A team to explain commercial reason for variances and develop & implement action plans to improve negative variances.
  • Partner with Central Corporate Functions to identify areas of opportunity to increase revenues or reduce costs across the estate.
  • Manage development of commercial finance analysis (value chain analysis, financial modelling, opportunity assessment, return on investment analysis, cash flow analysis and other financial tools) to develop recommendation to business leads and strategy assessments to support decision making.
  • Review, provide input, approve and present completed analyses that require expert knowledge of financial models and application of strategic and operational measures to assess economic and commercial viability of proposed business decisions.
  • Communicate and interpret findings across brand, distribution channel and economic trends based on financial analysis that provides additional perspectives on implications, risk, opportunity and trends.
  • Partner with Corporate Functions to identify commercial opportunities for the Hotel estate (cost savings; revenue initiatives;
  • working capital improvements).

  • Own commercial relationships with commercial stakeholders, including assisting the Commercial Finance Director as the Finance point of contact for leaseholders and owners.
  • Ad hoc commercial initiatives (e.g. acquisitions).
  • Finance projects.
  • Serve as a business partner and financial advisor to hotel management and ownership, area management and corporate
  • offices.

  • Assist and advise team heads in the interpretation and analysis of financial data, recommending courses of action to maximize
  • hotel profitability.

  • Demonstrate full commercial understanding of Lease Agreements and Management Agreements and related fee implications
  • for Hotels in scope for the role.

  • Provide financial oversight of capital expenditure projects as necessary.
  • Hire, manage, evaluate Operations Finance team members drive high performing culture.
  • Build competence with relevant employees through training, best practice sharing, recognition and rewards, and other
  • professional development opportunities.

  • Support and foster an environment receptive of change in response to corporate initiatives and special projects.
  • Performs other duties and responsibilities as assigned or required.
  • Act in accordance with fire, health and safety regulations on property and follow the correct procedures when required.
  • Ensure hotels are in compliance with Corporate Policies (SPI's) and governmental rules and regulations. Report irregularities
  • and non-compliant situations to General Manager and VP Hotel Operational Finance as required by corporate guidelines.

  • Ensure that the best interest of the hotels, HHC and owners are protected. Seek legal advice, if deemed necessary, from the
  • legal department of HHC.

  • Executes directives of organization's mission, goals and objectives and demonstrates through ongoing and direct motivation,
  • communication, group dynamics and leaders.

  • Oversees and evaluates business processes to maximize efficiency and effectiveness within the department.
  • Ability to develop presentations and effectively present to all levels of company, hotels & owners.
  • Strong communication and negotiation skills (all levels of management and external customers).
  • What are we looking for?

  • 3+ years relevant and progressive work experience in Accounting or Finance.
  • Ability to analyze large volume of complex financial information from many sources and create reports, forecasts, and projections.

  • Strong problem solving skills, including ability to effectively address any issue in collaboration with others as appropriate;
  • ability to proactively identify and prevent potential problems; ability to help develop problem solving skills among direct reports and other team members as appropriate.

    Ability to take initiative to identify, prioritize and implement all elements required for team to fulfill responsibilities.

    Ability to manage and develop staff.

    Detail oriented and organized.

    Ability to develop presentations and effectively present to all levels of company, hotels & owners.

    Strong communication and negotiation skills (all levels of management and external customers).

    Proficient in MS Excel, Word and Outlook with the ability to quickly learn new programs when required.

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