Job Description: Finance Manager
What will you be doing As the Finance Manager, you will be responsible for performing the following tasks to the highest standards:
Financial Accounting & Control
- Ensure best practice financial accounting processes in a robust control environment.
- Oversee the management of accounting records and financial reports for the hotel, ensuring compliance with company, statutory, and fiscal requirements.
- Maintain a regular review and reconciliation process for the balance sheet accounts.
- Ensure compliance with Hilton's management agreement, Owner/Lease agreements, and local statutory requirements.
- Maintain a strong internal control system to ensure the effective management of assets, liabilities, revenue, and costs.
- Ensure the hotel maintains legal and tax compliance, including obtaining adequate insurance coverage.
- Manage the pension scheme, ensuring accounting and legal controls are maintained.
- Safeguard and update all leases and contracts affecting the financial status of the hotel.
- Liaise with Internal and External Audit teams to ensure effective auditing processes and that corrective actions are implemented.
- Focus on ensuring all revenue is captured, conducting monthly control checks and self-audits as necessary.
- Continuously review and develop financial reporting and control procedures to maximize efficiency.
Management Reporting
- Develop high-quality management information that is timely, accurate, and promotes management action.
- Ensure reports such as profit and loss statements, balance sheets, and cash flow statements are timely and accurate.
- Implement reporting systems that include key performance indicators (KPIs) and benchmarking to stimulate decision-making.
- Ensure corporate reports reconcile with the trial balance and maintain proof of reconciliations.
Business Support
- Provide financial and commercial support to the General Manager and hotel team.
- Review management information and propose value-added initiatives.
- Provide financial insight for business development, pricing decisions, and commercial decision-making.
Information Technology & Systems
- Optimize the use of IT within the finance department to improve efficiency and financial reporting.
- Work with Project Managers and the ISM to implement financial systems and ensure their proper use, security, and backup procedures.
- Act as the guardian of data integrity, ensuring that control processes are sound and errors are corrected at source.
Investment Management
- Utilize project evaluation techniques to direct investments that optimize returns for the hotel.
- Prepare the annual capital plan and ensure proper funding and approvals are in place.
- Conduct post-investment audits to evaluate capital investments and ensure learnings are applied to future projects.
Strategic Planning and Budgeting
- Support the General Manager in strategic planning, focusing on identifying value opportunities.
- Manage the hotel's budgeting and forecasting processes, ensuring accuracy and alignment with operational needs.
- Alert Senior Management about any positive or negative trends in the business.
Investment in People
- Recruit and retain top talent within the Finance Department, ensuring a focus on succession planning and development.
- Lead and motivate the team to achieve high performance.
- Develop training programs to enhance financial skills across the Management Team.
Cash & Working Capital Management
- Minimize working capital, focusing on the management of debtors, stocks, and receivables.
- Maintain accurate cash flow forecasts and ensure sufficient notice is given for future cash requirements.
- Ensure full weekly reconciliation of all bank accounts.
Cost Management
- Optimize cost efficiency across the hotel, utilizing analysis to stimulate management action.
- Ensure adequate purchasing procedures are in place to ensure cost-effective purchasing of goods and services.
- Benchmark costs against competitors and identify opportunities for cost reduction.
Additional Notes
- The Finance Manager has dual responsibility to both the General Manager and Regional Finance Director. In case of any conflict, consult with senior leadership for guidance.
- No changes to the Finance Manager's remuneration package can occur without written approval from the Regional Finance Director/Area VP Finance.
- The Finance Manager has unlimited access to all financial figures and has the right to visit any department for studies related to their duties.
What are we looking for A Finance Manager serving Hilton Brands is always working on behalf of our Guests and working with other Team Members. To successfully fill this role, you should possess the following attributes:
- Education: University degree, preferably in Commerce, Accounting, or Management. A certification like ACCA or CPA is preferred.
- Experience: At least 5 years of relevant experience, with previous experience in a managerial operational accounting role.
- System Skills: Proficiency in OnQ, Check SCM, SUN, OPERA, MICROS, HRLINK.
- Communication: Strong verbal and written communication skills in English.
- Analytical Skills: Strong analytical capabilities to manage financial data and make strategic decisions.
- Flexibility: Ability to work flexible hours, especially during month-end and year-end periods.
This role demands a highly organized, strategic thinker with strong leadership skills and the ability to drive financial performance and operational efficiency across the hotel.
