Director of Finance

Four Seasons is powered by our people. We are a collective of individuals who crave to become better, to push ourselves to new heights and to treat each other as we wish to be treated in return. Our team members around the world create amazing experiences for our guests, residents, and partners through a commitment to luxury with genuine heart. We know that the best way to enable our people to deliver these exceptional guest experiences is through a world-class employee experience and company culture.

At Four Seasons, we believe in recognizing a familiar face, welcoming a new one and treating everyone we meet the way we would want to be treated ourselves. Whether you work with us, stay with us, live with us or discover with us, we believe our purpose is to create impressions that will stay with you for a lifetime. It comes from our belief that life is richer when we truly connect to the people and the world around us.

About the location:

Four Seasons Resort Mallorca at Formentor, perched on the spectacular Formentor Peninsula and surrounded by panoramic views of the Mediterranean and the stunning landscape, first opened its doors in August 2024 following an extensive restoration and renovation of the historic property, originally inaugurated in 1929 on a vast private estate. After its successful debut, the resort will reopen to guests in March 2025, reaffirming its status as a unique destination of luxury and elegance on the island.

About the role

We are currently looking for a talented and dynamic Director of Finance to join our team. The Director of Finance is responsible for safeguarding the hotel assets and financial resources to ensure that all are utilized to maximize revenues and hotel profitability. Provide timely and accurate financial information and counsel to hotel senior management and hotel owners and to ensure that the hotel operates within all related local and corporate policies and procedures and under the terms of the Management Agreement.

He or she forms part of the Hotel Leadership team who collectively make key strategic and operational decisions for the Hotel or Resort. The Director is responsible for safeguarding the hotel assets and financial resources contributing towards maximizing hotel profitability. Provides timely and accurate financial information and counsel to hotel senior management (and ownership) and ensures that the hotel operates within all related local and corporate policies and procedures and under the terms of the management agreement and any other applicable agreements (e.g. loan agreements). The Director is also responsible for the development of Finance staff to aid the future growth of the company.

What you will do:

People functions:

• Support, mentor and develop finance employees for today and the future.
• Maintain harmonious and professional relationship with all departments and Home Office.
• Maintain close relations with hotel’s/resort’s ownership and internal/external auditors and ensure effective action necessary on all agreed upon recommendations.
• Deal with all disciplinary and grievance matters in a consistent manner and ensure each issue is appropriately documented.
• Conduct effective department meetings; appropriately communicate and complete any action items.
• Assist General Manager in establishing policies, procedures, rules, internal controls and safeguards that are beneficial to the business.
• Actively support the hotel internal Committees.
• Actively network within the community to attract potential candidates for recruitment purposes and understanding the competitive market.
• Promote continuing education and training for self and members of finance team.

Product Functions:

• Continuously deliver the highest level of product with respect to financial reporting and analysis, internal control compliance and business management. Ensure this is done with both integrity and accuracy.
• Ensure that bank accounts are opened in consultation with owners with a bank of strong financial standing and if local rating services are available, they should be utilized for verification of financial strength.
• Ensure all payments are signed only by authorized parties and that positive pay and positive payee are in place on all bank accounts (where available) and that source documents are approved by members as stipulated in the hotel management agreement.
• Ensure the preparation of a comprehensive monthly and annual reporting of financial results of the hotel in established corporate formats and in accordance with generally accepted accounting principles and as required by the hotel management agreement.
• Effectively advocate Finance Department programs and policies to Planning Committee, Department Heads and employee groups.
• Monitor the status of Accounts Receivable aging and billing collections to achieve company standards as well as supporting the hotels cash requirements.
• Maintain files on all contracts, leases and agreements and ensure compliance with their requirements; ensure proper authorization has been obtained for all hotel specific contracts (including Engineering), leases and other agreements and competitive bids are on file where applicable and reviewed prior to execution of contract.
• As applicable, ensure compliance with all loan covenants and the balance of long-term debt is accurate and agrees to all supporting documentation and verified when payments are made.
• Ensure that insurance policies are in place as specified in the hotel management agreements.
• As appropriate, based on the hotel's accounting on behalf of owners, interest accruals on long-term debt may be recorded on the hotel's books; the Director of Finance should ensure accuracy of the unpaid balance and applicable interest rate, and accrue the expense to the Interest Expense line item and record the corresponding liability in the Accrued Interest liability account.
• Ensure that monthly reconciliations for all balance sheet accounts are prepared and signed off on in accordance with policy.
• Review and sign off on all bank reconciliations monthly, paying special attention to reconciling items.
• Continuously strive for improvement of processes and efficiency.
• Assist with the preparation and the analysis of Capital ROI projects for presentation to Home Office and Hotel owners.
• Use consultants as necessary to improve operations (labor audit, energy, food cost, telephone, etc.)
• Continuously develop and refine the staffing levels within the hotel finance division.
• Work with IT to promote efficiency in the hotel for both guests and employees.
• Ensure compliance with the Uniform System of Accounts for Hotels as modified from time to time, or as per local GAAP.
• Must maintain high degree of professional integrity and confidentiality.
• Adheres to and communicates the company’s policies on reporting fraud and unethical behavior.

Profit Functions:

• Monitor, control and record all sales, purchases, salaries and expenses of the hotel.
• Closely monitor and effectively manage labor costs; plan vacations effectively and ensure proper service levels are provided with the labor standards, while minimizing OT. Comply with applicable Employment Laws.
• Prepare forecasts and budgets as required locally, by corporate office or Management Agreement.
• Review the cash position of the hotel on a daily basis in order to optimize the use of funds.
• Ensure gains/losses on the sale/disposal of fixed assets are properly disclosed and recorded on the Statement of Changes in financial position (SR-25 where applicable) and on the P&L statement.
• For locations that maintain full balance sheets including fixed assets, ensure accumulated depreciation accounts are accurate and properly recorded.
• Always search out and drive new business opportunities that benefit the hotel.
• Assist with preparation of Hotel Contingency Planning to react to and downturn in business conditions.
• Work effectively with hotel marketing on revenue management strategies and hotel business plan.
• Work effectively with Food and Beverage Director on revenue management strategies and profitability.
• Works effectively with hotel ownership on hotels strategic planning and capital investments.
• Prepares ROI analysis and monitors performance against projections.

What you bring:

• 4-year degree from accredited University/College with Accounting through intermediate levels.
• Three (3) to five (5) years of experience in the related position with Four Seasons or other organization.
• Candidate should hold valid work authorization for the EU.
• Spanish is a must.

Behavioral Competencies:

• Proven leadership skills in a hotel/resort environment.
• Highest level of integrity and transparency.
• Strong interpersonal and relationship-building skills to work with cross-functional teams, to negotiate for resources and influence stakeholders and to gain acceptance of and commitment to plans, ideas, initiatives, etc.
• Excellent written and verbal communication skills to prepare and deliver reports, effective presentations and to facilitate meetings.
• Apply an ethical approach to influence the outcome of situations.
• Serve as a role model for others by demonstrating appropriate business conduct and ethical principles.
• Continuously seek to improve/develop the performance of others and continuously strive to improve his/her own performance.

Technical Skills and Knowledge:

• Require a working technical knowledge of generally accepted accounting principles and job knowledge of all positions in Accounting, Purchasing and Food & Beverage control. Working knowledge is generally learned on-the-job or through a series of professional certifications.
• Require knowledge of and the ability to operate computer equipment and software applications.
• A working knowledge of hotel systems and operations.
• Strategic, analytical and have solid business acumen.

What we offer:
• Competitive Salary, wages, and a comprehensive benefits package
• Excellent Training and Development opportunities
• Complimentary Accommodation at other Four Seasons Hotels and Resort
• Complimentary Dry Cleaning for Employee Uniforms
• Complimentary Employee Meals

Dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality, Four Seasons can offer what many hospitality professionals dream of -the opportunity to build a life-long career with global potential and a real sense of pride in work well done.