RESPONSIBILITIES:
Financial Strategy and Planning:
- Develop and implement financial strategies aligned with the hotel s business goals.
- Create long-term and short-term financial plans to drive growth and profitability.
- Lead the budgeting and forecasting processes, ensuring they reflect both current performance and market conditions.
Financial Management and Reporting:
- Oversee all financial reporting activities, ensuring accuracy and compliance with both internal and external standards.
- Prepare monthly, quarterly, and annual financial statements and reports for management and ownership.
- Conduct financial analysis, including profitability analysis, cost control, and variance analysis, to help the management team make informed decisions.
Cash Flow Management:
- Monitor cash flow, ensuring sufficient liquidity to meet operational needs.
- Optimize working capital and manage capital expenditures to ensure efficient use of funds.
- Lead the management of hotel bank accounts and financial institutions to ensure the smooth functioning of daily operations.
Internal Controls and Compliance:
- Establish and maintain robust internal controls to safeguard hotel assets and ensure financial integrity.
- Ensure compliance with local tax laws, industry regulations and company policies.
- Work closely with auditors during internal and external audits, implementing recommended improvements.
Team Leadership and Development:
- Lead, mentor and develop the finance team, ensuring high performance and professional growth.
- Manage staffing needs and provide training on financial policies and best practices.
- Create a positive, results-driven environment within the finance department.
Cost Control and Profitability:
- Monitor operational costs and recommend cost-saving initiatives to improve profitability without compromising on service quality.
- Work closely with other departments to review and control expenses, analyze variances and identify opportunities for cost reduction.
Owner/Investor Relations:
- Provide financial insights and reports to ownership or investors.
- Participate in meetings with ownership to review the financial health of the hotel and discuss strategic goals.
- Develop financial models and forecasts to support potential investment decisions or business expansions.
Risk Management:
- Identify financial risks and work to mitigate them.
- Ensure appropriate insurance and risk management policies are in place.
- Chartered Accountant (CA) is mandatory.
- Minimum of 12-15 years of progressive finance experience, with at least 3-5 years in a senior financial leadership role within the hospitality or hotel industry.
- Proven experience with financial management in a hotel environment, including budgeting, forecasting, financial reporting, and control.
