Hotel Financial Analyst

Who We Are

Harwood Hospitality Group, Dallas’ premier Hospitality owner-operator, introduces its most complete expression of a multi-generational vision in Harwood District’s first hotel, Hôtel Swexan.

The hotel is a new destination, with an uncompromising mission that values experience above all. It is a place like no other that draws inspiration from the world’s greatest cities – New York, London, and Paris – together in one location to create something completely new. Local expertise with an international influence. Classic and contemporary, the hotel is a twist on conventions.

Part collection, part creativity, and always elegant. Guests stay to get lost – in culture and conversation. The hotel is a world of its own, a meeting place, a hideaway, and a stomping ground. For celebration or solitude.

Designed with all generations in mind, Harwood District’s hotel plays host to an eclectic mix of personalities. It is a timeless setting where locals mix with out-of-towners and old souls and encounter the young at heart.

Intimate, immersive, and transportive. Hôtel Swexan has a surprise around every corner. Forget, for a second, where you came from, and leave with a memory that keeps you coming back.

Summary

The Hotel Financial Analyst plays a critical role in analyzing financial data, preparing reports, and providing insights to support strategic decision-making within the hotel. This position involves financial forecasting, budgeting, variance analysis, and financial modeling to optimize revenue and profitability. The Hotel Financial Analyst collaborates with various departments to identify opportunities for cost savings, revenue enhancement, and operational efficiency.

Job Title: Hotel Financial Analyst

Responsibilities

Financial Analysis
- Conduct detailed analysis of financial data, including revenue, expenses, and profitability metrics.
- Identify trends, variances, and key performance indicators to evaluate the financial health of the hotel.

Budgeting and Forecasting
- Assist in the development of annual budgets and long-term financial forecasts.
- Monitor actual performance against budgeted targets and provide explanations for variances.

Financial Reporting
- Prepare regular financial reports for management, owners, and stakeholders, highlighting key insights and recommendations.
- Generate ad-hoc financial analyses and reports as requested by management.

Cost Control
- Analyze costs and expenses to identify opportunities for cost reduction and efficiency improvement.
- Collaborate with department heads to develop cost-saving initiatives and monitor their implementation.

Revenue Management
- Analyze revenue streams and pricing strategies to maximize revenue and profitability.
- Evaluate the performance of sales and marketing initiatives and provide recommendations for optimization.

Financial Modeling
- Develop financial models to evaluate investment opportunities, pricing strategies, and capital expenditure projects.
- Conduct sensitivity analysis and scenario planning to assess potential risks and opportunities.

Forecasting and Trend Analysis
- Utilize historical data and industry trends to forecast future financial performance.
- Identify emerging trends and market dynamics that may impact the hotel's financial performance.

Compliance and Risk Management
- Ensure compliance with financial regulations, accounting standards, and internal controls.
- Identify and mitigate financial risks through effective risk management practices.

Collaboration and Communication
- Collaborate with cross-functional teams, including operations, sales, and marketing, to align financial goals with operational strategies.
- Communicate financial insights and recommendations to management and stakeholders in a clear and concise manner.

Qualifications

- Bachelor's degree in Finance, Accounting, Economics, or related field; MBA or professional certification (e.g., CFA, CPA) is a plus.
- Proven experience in financial analysis, budgeting, and forecasting, preferably in the hospitality industry.
- Strong analytical skills and proficiency in financial modeling and data analysis tools (e.g., Excel, financial software).
- Excellent communication and presentation skills, with the ability to convey complex financial concepts to non-financial stakeholders.
- Detail-oriented with a focus on accuracy and data integrity.
- Ability to work independently and collaboratively in a fast-paced environment.
- Knowledge of hospitality industry dynamics, revenue management principles, and hotel operations.
- Understanding of financial regulations and compliance requirements.

The Hotel Financial Analyst plays a crucial role in driving financial performance and supporting strategic decision-making to achieve the hotel's goals and objectives.