Roles and responsibilities
1. Leadership and Team Management
Team Oversight:
Managing the accounting and finance teams, ensuring efficiency, accuracy, and timely completion of tasks.
Mentoring:
Training and developing team members to improve skills and maintain a high-performing finance team.
Collaboration:
Working closely with other departments and executives to align financial strategies with overall business goals.
2. Technical Accounting Expertise
Accounting Standards:
In-depth knowledge of GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
Financial Reporting:
Proficiency in preparing accurate financial statements, balance sheets, and income statements.
Taxation and Compliance:
Expertise in corporate taxation, regulatory requirements, and ensuring compliance with laws and standards.
3. Analytical and Strategic Thinking
Budgeting and Forecasting:
Developing and managing budgets, forecasts, and financial models to guide decision-making.
Data Analysis:
Analyzing financial data to identify trends, risks, and opportunities.
Strategic Planning:
Supporting long-term business planning with actionable financial insights.
4. Financial Systems and Technology
ERP Systems:
Proficiency in using financial and accounting software like SAP, Oracle, or QuickBooks.
Data Visualization Tools:
Ability to use tools like Power BI or Tableau for presenting financial insights.
Process Automation:
Implementing technology to streamline accounting processes and improve efficiency.
5. Communication and Interpersonal Skills
Stakeholder Engagement:
Communicating complex financial information to non-financial stakeholders in a clear and concise manner.
Decision Support:
Providing actionable financial insights to executives and helping guide business decisions.
Negotiation Skills:
Collaborating with auditors, regulators, and vendors to achieve favorable outcomes.
Key Responsibilities of a Financial Controller
1. Financial Management and Oversight
Developing annual budgets and financial forecasts, monitoring performance, and recommending adjustments as needed.
Cash Flow Management:
Ensuring sufficient cash flow to meet operational needs and strategic investments.
Preparing and presenting monthly, quarterly, and annual financial reports to senior management and stakeholders.
2. Compliance and Risk Management
Audit Coordination:
Managing internal and external audits, ensuring financial records are accurate and compliant.
Regulatory Compliance:
Ensuring adherence to tax laws, financial regulations, and reporting standards.
Risk Mitigation:
Identifying financial risks and implementing controls to protect the organization's assets.
3. Operational Efficiency
System Optimization:
Implementing and managing financial systems to streamline accounting processes and improve accuracy.
Cost Control:
Monitoring expenses, identifying cost-saving opportunities, and ensuring efficient use of resources.
Process Improvement:
Developing and maintaining internal controls to enhance financial accuracy and efficiency.
4. Strategic Planning and Decision Support
Financial Strategy:
Contributing to the development of the organization's financial and business strategies.
Mergers and Acquisitions:
Providing financial analysis and due diligence for potential acquisitions or mergers.
Performance Monitoring:
Tracking KPIs and providing insights to drive strategic initiatives.
Desired candidate profile
You will take the lead on the hotel's financial strategy, operational performance, financial reporting, setting up & optimizing internal controls, team management & development, capital expenditure review & developing productive relationships with 3rd parties in the region. The role will work closely with the Hotel General Manager, cross functional Executive Team & Corporate Office to set up, establish & drive the performance of the hotel.
Qualifications
Degree in Finance, Accounting or a related field & professional accounting qualification
Minimum 5 years experience at managerial level that includes:
Track record of driving hotel finance performance.
Strong technical accounting, finance & taxation skills.
Preparation, review, analysis & presentation of management & statutory reporting.
Extensive Knowledge of hotel internal controls.
Knowledge of budget process.
Team Management, with ability to meet tight deadlines & coach team.
Ability to communicate with stakeholders at various levels.
Rebranding/pre-opening experience & having set up and managed a cluster finance operation is an advantage.
English skills: excellent verbal and written communication is required.
Computer literate, including systems implementation & knowledge of Sun, Opera & Micros
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