Director Of Finance

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Prime Function:

• Organize and direct the team to supervise all revenues and expenses, as well as all inventories.
• Responsible for managing the day to day financial reporting and controlling requirements of the departments, and will be required to review and analyze management accounts.
• To plan, direct, supervise and coordinate the activities of the personnel involved in accounting and other financial functions of the organization.
• Analyze and interpret financial data and recommend changes to improve financial performance.
• Maintain an account of all the transactions of the organization.
• Responsible for budget and cost controls, financial analysis, accounting practices and reports.
• Any matter which may affect the interests of the hotel should be brought to the attention of the Management.

Key Responsibilities:

Finance Planning

• Responsible for establishing budget forecasts (investment budget and operating budgets) for the organization and keep a record of monthly budgetary discrepancies.
• Prepare Annual Budgets for effective management of the organization.

People Management

• Respond to queries, by resolving issues in a timely and efficient manner to ensure customer satisfaction.
• Establish and maintain seamless co-ordination & co-operation will all departments of the hotel to ensure maximum cooperation, productivity, morale and guest service.
• Ensure that the team has been trained for all safety provisions.
• Ensure that all personnel are kept well informed of department’s objectives and policies.
• Motivate and develop the team to ensure smooth functioning of the department and promote teamwork.

Financial Management

• Identify optimal, cost effective use of the resources and educate the team on the same.

Operational Management

• Preparation of the Monthly Management Accounts.
• Monitor budgetary and key performance indicator movements.
• Ensure to liaise with the company auditors and regulators.
• To develop the financial reporting and accounting systems.
• Responsible for all financial and accounting functions of the organization.
• Analyze financial implications of propose capital projects/expenditures.
• Provide guidance to the other Department Managers regarding accounting or financial matters and analysis of financial reports.
• Develop, update, maintain and monitor the effective implementation of policies and procedures, financial position forecasts, Corporate, Management, and internal reporting.
• Ensure to manage the development of accounting admissions, credit/collections and internal control policies.
• Recommend to the management on the issues related to Stock Management and Inventory controlling.
• Prepare periodical Management Information Reports.
• Performs all other functions as assigned by Management.
• Ensure to take the responsibility for maintaining accurate records.
• Providing effective financial controlling & also implement Control systems.

Managerial Qualities

• Leadership skills that utilize persuasion and motivation to attain organizational goals is the most desirable management quality, followed by honesty, integrity, ethical behavior, tactfulness, openness, and cultural awareness;
• Ability to accept responsibility;
• Self confidence, motivation, drive and tenacity;
• Ability to enhance organizational performance;
• Ability to clearly delegate tasks and responsibilities;
• Ability to think strategically, inductively, and creatively;
• And the propensity to recognize and acknowledge other people’ ideas.

Knowledge and Experience

• Preferred CA qualification.
• 10 to 15 year relevant experience in hospitality in international brands of which at least 2 years should be in similar responsibility level.
• Ability to perform effectively under pressure.
• Strong analytical and negotiation skills.

Competencies

• Strong leadership and interpersonal skills
• Excellent communication and customer contact skills
• Results and service oriented with an eye for details
• Ability to multi-task, work well in stressful & high-pressure situations
• A team player & builder
• A motivator & self-starter
• Well-presented and professionally groomed at all times