Primary Purpose and Major Function of the Role
The Director of Finance ("DOF") will be responsible for providing the necessary financial support to Department Heads to facilitate the achievement of the Hotel's financial targets. As a member of the Executive Committee, he/she will partake in all operational, financial and marketing decisions, assist the General Manager in investigating opportunities and implement procedures for improved profitability, and assist and advise the General Manager and Hotel Manager where necessary on various aspects of hotel operations.
The incumbent will maintain control over the Hotel's assets, liabilities, income and expenditure on behalf of both the Operator and Owner and provide management, leadership and accountability for the financial performance of the Hotel. He/she will coordinate the fulfilment of the Operator, Owner and regulatory reporting responsibilities of the Hotel on an accurate and timely basis.
Duties and Responsibilities
· Coordinates the preparation and submission of accurate month end financial reports, including Profit & Loss Account, Balance Sheet and financial analysis, in compliance with Company's finance procedures and, procedures are in line with Company reporting timetable.
· Reviews monthly general journals and balance sheet reconciliations and ensure that these are appropriately supported and in accordance with the Company’s finance procedures and procedures.
· Performs monthly Profit & Loss review meetings with department heads and follow up any agreed corrective actions for variances noted.
· Works closely with Shared Services Centre (SSC) for Monitors Accounts Receivable collection status as well as in Hotel AP, Payroll, and Purchasing process and ensure a regular meeting with SSC team to improve the finance operation efficiency.
· Ensures that financial statements are prepared in accordance with the applicable financial reporting standards and finance policies.
· Coordinates the preparation of monthly Profit & Loss forecasts and annual budgeting process in line with Operator and Owner requirements and timetables.
· Prepares a monthly cash flow forecast and discusses with Executive Committee any corrective action required.
· Monitors business results and provide clear and informed analysis to meet hotel requirements and to support decision-making. Make recommendations for potential revenue, cost control and profit enhancements.
· Based on understanding of Hotel Properties, shopper, and tenant mix, work closely with Leasing Director and Owner office on placing suitable tenants.
· Support the implementation of Financial Systems in the Hotel, particularly those that impact how the Finance Department works.
· Ensure proper use and maintenance of Financial Systems (SAP full suite, Property Management System, Sales & Catering, and Point of Sale), including transaction, account code, security, and backup procedures.
· Reviews and manages submitted capital expenditure projects and monitor compliance with approved Capital Budget. Ensure approval requirements set out in Company’s finance policies and procedures and hotel management contract are complied with.
· Oversees the maintenance of the Hotel fixed asset register.
· Ensures that the Hotel has a good system of internal control in place, takes timely corrective action on any short-comings that are highlighted by internal auditors and/or statutory auditors, and conducts regular spot audits to test and check that all controls and policies are being followed and complied with.
· Coordinates the preparation of any required tax documentation and compliance relating to business taxes, foreign currency payments, withholding taxes, goods and services tax and income tax and ensure lodgement is completed as per required deadlines.
· Manages, maintains, protects and develops the Hotel's information systems.
· Ensures hotel insurance policies are in compliance with the hotel management contract.
· Monitors compliance with hotel management contract terms and conditions.
· Monitors the Hotel's compliance with Corporate finance policies and procedures and to implement new policies and procedures where necessary.
· Recruit and retain the best associates for the job, especially the senior position of the Finance Department.
· Supports the operational deaprtments as required to meet the hotels guest experience and Guest KPI
· Delivers exceptional service to both the internal and external customer in line with the principles of the Compay’s Vision, Core Values and Service Attributes
Requirements
· Minimum 6-8 years working experience in a similar role in Hotel operations.
· Bachelor of Commerce Degree
· Professional Accounting qualification, preferably ACCA
· High level of integrity
· Strong supervisory and leadership skills
· Excellent communication and presentation skills
· Team player with excellent interpersonal and human relations abilities
· Exhibits high level of attention to detail with the ability to work under pressure and meet tight deadlines
· Displays flexibility and high energy levels
· Deals efficiently and confidently with queries or any challenges from Owner, department heads and external parties.
· Well developed business acumen with the ability to fully manage a project from design stage to execution, preferably having experience in managing multiple projects at the same time
· Culturally sensitive, ability to engage people across all levels with ease and confidence
· Firm and yet diplomatic in all communication and business decision undertaking
If you are keen to be considered, please send your resume to [email protected]
