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Director of Finance

Contact Details

Office Address
Confidential information
Phone
Confidential information
Contact Name
Hospitality jobs
 Vacancies
Email
ceo@bhfirstconsulting.com

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Director of Finance

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Job Description

 

  1. Financial Strategy and Planning:
    • Develop and implement financial strategies aligned with the hotel’s business goals.
    • Create long-term and short-term financial plans to drive growth and profitability.
    • Lead the budgeting and forecasting processes, ensuring they reflect both current performance and market conditions.
  2. Financial Management and Reporting:
    • Oversee all financial reporting activities, ensuring accuracy and compliance with both internal and external standards.
    • Prepare monthly, quarterly, and annual financial statements and reports for management and ownership.
    • Conduct financial analysis, including profitability analysis, cost control, and variance analysis, to help the management team make informed decisions.
  3. Cash Flow Management:
    • Monitor cash flow, ensuring sufficient liquidity to meet operational needs.
    • Optimize working capital and manage capital expenditures to ensure efficient use of funds.
    • Lead the management of hotel bank accounts and financial institutions to ensure the smooth functioning of daily operations.
  4. Internal Controls and Compliance:
    • Establish and maintain robust internal controls to safeguard hotel assets and ensure financial integrity.
    • Ensure compliance with local tax laws, industry regulations and company policies.
    • Work closely with auditors during internal and external audits, implementing recommended improvements.
  5. Team Leadership and Development:
    • Lead, mentor and develop the finance team, ensuring high performance and professional growth.
    • Manage staffing needs and provide training on financial policies and best practices.
    • Create a positive, results-driven environment within the finance department.
  6. Cost Control and Profitability:
    • Monitor operational costs and recommend cost-saving initiatives to improve profitability without compromising on service quality.
    • Work closely with other departments to review and control expenses, analyze variances and identify opportunities for cost reduction.
  7. Owner/Investor Relations:

This job listing was provided by Hospitality Job Vacancies. To apply, please use the link in the job description.

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