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Raffi Ararxian
Director of Finance at Hilton
Professional Background
Raffi Ararxian is a seasoned finance professional with a robust career spanning over 21 years in the hospitality industry. Currently serving as the Director of Finance at Hilton Worldwide, Raffi has developed a comprehensive understanding of various operational facets within the hotel sector. His extensive experience includes crucial areas such as general hotel operations, finance management, forecasting, budgeting, liability insurance, and vendor contracting and negotiation. Through his multifaceted role, he has demonstrated his capacity as a strategic thinker and an influential leader in the hospitality finance landscape.
Throughout his career, Raffi has been a firm believer in the importance of leadership through action, stating that "actions speak louder than words". He prides himself on being a genuine hospitality leader, committed not only to optimizing financial performance but also to fostering a supportive and motivating environment for his colleagues and employees. His dedication to excellence and strong work ethic have made him a respected figure within his organization and a reliable team player, always aiming to uplift those around him.
Education and Achievements
Raffi Ararxian pursued his higher education at California State Polytechnic University-Pomona, where he obtained a Bachelor’s Degree in Hospitality Administration/Management. This foundational education has equipped him with the necessary skills and knowledge to navigate the complexities of finance within the hospitality sector effectively. The understanding of hospitality-specific challenges and operations he gained during his studies has proven invaluable throughout his extensive career.
His role as Director of Finance at Hilton Worldwide follows a successful tenure as the Assistant Director of Finance, where he honed his financial management skills and became instrumental in the financial success of the properties he oversaw. Through both positions, Raffi has implemented innovative financial strategies that have contributed significantly to the overall profitability and operational efficiency of Hilton Worldwide.
Raffi has been fortunate to have strong mentors throughout his career who have guided him on his path to success. He attributes much of his professional growth to the invaluable lessons learned from these individuals, inspiring him to strive for excellence and continuously improve in his field.
Achievements
Raffi's commitment to his work and the people he leads is well-documented. His strategic mindset and problem-solving capabilities have not only resulted in improved financial performance metrics but have also fostered a culture of teamwork and collaboration in the workplace. His ability to negotiate vendor contracts successfully and manage liability insurance has positioned Hilton Worldwide advantageously against competitors in the hospitality market.
In addition to his technical expertise, Raffi's philosophy centers on integrity and accountability, emphasizing that one’s actions during moments of privacy are essential to a thriving workplace culture. He consistently looks for ways to give back to his team and nurture their professional development, reflecting his deep-rooted values of respect and mentorship. As a professional in the hospitality finance sector, Raffi Ararxian is not just a leader but a figure of inspiration within Hilton Worldwide, making notable contributions that impact both employees and guests alike.
