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**Director of Finance
2 months ago
About the Role
The Director of Finance is a key member of the hotel's leadership team, responsible for overseeing the financial performance of the hotel. This role requires a strategic thinker with strong financial and analytical skills, as well as excellent communication and leadership abilities.
Key Responsibilities
- Financial Accounting & Control:
- Oversee accounting records, financial reports, and compliance with company, owner, and statutory requirements.
- Maintain internal controls to safeguard assets and ensure accurate financial reporting.
- Ensure compliance with legal, tax, and insurance requirements.
- Management Reporting:
- Develop and deliver timely, accurate management information and performance reports.
- Implement reporting systems with KPIs, benchmarking, and balanced scorecards.
- Business Support:
- Provide financial and commercial advice to the General Manager and hotel team.
- Support business development and pricing decisions with financial insights.
- Strategic Planning & Forecasting:
- Assist in strategic planning and budgeting processes.
- Manage regular forecasting and provide alerts on business trends.
- Cash & Working Capital Management:
- Optimize cash flow and manage working capital effectively.
- Ensure accurate cash flow forecasting and strict control over bank accounts.
- Cost Management:
- Analyze and control costs, ensuring effective purchasing procedures.
- Benchmark costs and identify opportunities for cost reduction.
- Team Leadership:
- Recruit, develop, and lead the finance team, ensuring high performance.
- Foster good employee relations and maintain an efficient finance department.
Requirements
- Strategic thinker with the ability to formulate effective goals, objectives, and priorities with a long-term perspective.
- Strong communication and negotiation skills (all levels of management and external customers).
- Financial and operational analytical skills (operational analysis).
- Knowledge of departmental and hotel operations.
- Ability to exercise judgment in evaluating situations and in making sound decisions.
- Ability to analyze and interpret financial data.
- Leadership and organizational skills (team orientation, flexible, adaptable).
- Ability to analyze large volumes of complex financial information from many sources and create reports, forecasts, and projections.
- Proficiency in MS Office suite applications (Excel, Word, PowerPoint).
Preferred Qualifications
- University degree in Accounting or Finance/Accounting certification (e.g., CIMA).
- Hotel-level or industry experience.
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