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 involves planning, organizing, directing, and controlling the financial and control function of the division, reporting operational results, and providing financial support to hotel management.
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.
Lead 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.
Cook up and respond to auditor requests, approve all adjustments, reconcile the audited report to the hotels information and approve the audit.
Maintain adherence to policies and procedures to ensure sound internal controls and segregation of duties.
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.
Cultivate and support 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.