Director of Finance

About the role

The Director of Finance oversees all financial operations of the hotel, ensuring accuracy, efficiency and adherence to financial regulations and standards. The role reports to the General Manager and is pivotal in guiding strategic decision making and financial planning to drive the hotel’s achievements and profitability.

Responsibilities

• Prepare and review all monthly and annual financial statements. Investigate, review and analyze the variance explanations, involving the department managers in this process. Identify areas for improvement and execute necessary corrective measures as required.

• Manage and lead hotel on and off-site accounting functions to ensure proper fiscal management, timely and accurate reporting, and analysis. This responsibility also includes hotel financial and capital planning, budgeting, month-end financial close, accounting, and cash management.

• Leads the development and implementation of a comprehensive annual business plan aligned with business objectives.

• Complete the year-end process. Review and approve all reconciliations and audit work papers. Coordinate the external auditors' visits, respond to auditor requests, approve all adjustments, reconcile the audited report to the hotels information and approve the audit.

• Maintains adherence to policies and procedures to ensure sound internal controls and segregation of duties. Manage SOX Compliance.

• Monitor and keep abreast of industry trends, local legislative changes and organizational behavior to inform sound business decisions.

• Mentor and coach the finance team providing direction, training, and performance feedback to nurture their professional advancement and growth.

• Support the development of future leaders in ALL areas of the hotel. Empower employees with financial insights.

• Supervise the Information Technology and Procurement function. Additionally have a sound understanding of the hotel operational and back-office.

• Cultivates and supports an environment receptive to change.

• Collaborate with management to devise and implement strategic initiatives aimed at cost efficiency and revenue generation enhancements to achieve business objectives without compromising core business values and relationships.

• Nurture relationship with owners' representative and key stakeholders ensuring timely communication and submission of deliverables.

• Embody a growth mindset and embrace change to drive value to stakeholders.

Qualifications

• 5 years or more of finance career progression; preferred experience in hospitality, retail, or related industry.
• 2 or more years in Director-level leadership within hospitality or complex environments.
• Degree in Accounting, Finance, Hospitality, Business or related field preferred.
• Demonstrated ability to effectively interact with people of diverse socioeconomic, cultural, disability, and ethnic backgrounds.
• Clear and concise written and verbal communication skills in English.
• Proficiency in Microsoft Office products.