"I'm 41 now," she said while being honored at Tuesday's Women in Film Crystal+Lucy Awards. "And I have to say, it is the best time in my life."
That prompted Jada Pinkett Smith – who was also being recognized, along with her costars from the upcoming chick flick, The Women – to shout out, "You look good!"
Hayek – who gave birth to daughter Valentina Paloma last September with billionaire fiancé Francois-Henri Pinault – said she is finally coming into her own.
"I have learned to enjoy time to be a woman. I have learned to enjoy how to do the most that I can with what I have," the Ugly Betty producer explained. "It is a good thing to be a 41-year-old Latina woman in America."
She also gave a shout out to fellow Latina Eva Mendes (another star of The Women), who responded with a loud, "I love you, Salma!"
And when it comes to balancing motherhood and her busy career, Hayek has already learned the most important lesson. "I delegate a lot more," she told PEOPLE at the L.A. event. "I'm very lucky because I have great people around me."