Director of Finance
Skills
About This Role
Overview
The Director of Finance is accountable for the hotel in respect of understanding and driving financial performance and is responsible to perform all finance activities within the policy, regulatory and contractual framework.
As the Director of Finance, you will be responsible for performing the following tasks to the highest standards;
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.
- You will be and remain familiar with the management agreement for the Hotel and implement processes and procedures to ensure the Hotel is operated in compliance with the management agreement, reporting issues of non-compliance to your supervising manager.
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