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Reporting to the Cluster General Manager, the Cluster Director of Finance is responsible for the overall financial management of the Hotels including financial reporting, budget and forecasts preparation, as well as the development and maintenance of adequate internal accounting control policies and procedures to ensure compliance with the generally accepted accounting principles, international and the brand financial reporting standards.
Job Responsibility:
Review thoroughly all monthly financial statements, management reports, and forecasts
Provide ongoing strategic and analytical support constantly to ensure financial goals are met
Identify and address opportunities proactively to drive business growth and profitability
Manage and coordinate all fiscal reporting activities, including the development and monitoring of annual business plans, budgets, and monthly revenue/expense and balance sheet reports
Ensure meticulous adherence to statutory reporting requirements to maintain compliance and transparency
Oversee the accurate and timely preparation of monthly and annual financial statements, ensuring they comply with all statutory and brand requirements
Ensue all financial reports reflect the true and fair view of the hotels’ financial positions
Maintain robust internal controls to manage business risks and safeguard financial assets
Review regularly and ensure compliance with all statutory requirements, continuously improving processes to mitigate risks
Communicate and collaborate closely with corporate finance teams to ensure strong compliance with accepted accounting principles and policies
Train all stakeholders on the adequacy and effectiveness of internal accounting procedures and operating systems and controls
Prepare adequately and ensure all financial audits are cleared with all findings resolved timely
Ensure a good control environment at all times by proactively addressing any issues requiring corrective actions
Maintain open and effective communication with the hotel owner, ensuring they are well-informed of financial performance
Monitor banking activities to ensure adequate cash flow for operations and compliance with bank requirements
Stay abreast of the global business environment and utilize financial analysis, data trends, and market information to anticipate needs
Identify and address operating and financial issues, making informed recommendations to maximize financial returns for the hotels
Oversee the execution of all contracts and legal agreements and safeguard the hotels from disadvantageous situations and unfavourable terms through meticulous contract management
Proactively supervise the finance team to seek improvements in financial results
Implement process streamlining and drive effective cost management, and revenue enhancements with all stakeholders to enhance financial performance
Oversee the effective operation and activities of the Purchasing team
Responsible for the performance and development of direct report(s) and/or team with effective supervision and coaching where applicable
Follow all workplace safety and security policies and procedures. Report accidents, injuries and incidents to security / talent & culture team immediately
Participate & contribute actively in all Corporate Social Responsibility and Sustainability initiatives organised by the Hotel
Perform any other duties and responsibilities that may be assigned
Requirements:
Degree in Accountancy / Finance or equivalent
Minimum 10 years of relevant experience in a senior managerial appointment in the hospitality industry
Strong business acumen, critical thinking and strategic decision-making skills
Strong human relations and influencing skills
Strong communications (verbal and written), planning and coordination skills