Director of Finance
Director of Finance
Posted on :
17-06-2025
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1 Vacancy
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Job Description
- Financial Strategy and Planning:
- Develop and implement financial strategies aligned with the hotels 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- Owner/Investor Relations:
- Provide financial insights and reports to ownership or investors.
- Participate in meetings with ownership to review the financial health of the hotel and discuss strategic goals.
- Develop financial models and forecasts to support potential investment decisions or business expansions.
- Risk Management:
- Identify financial risks and work to mitigate them.
- Ensure appropriate insurance and risk management policies are in place.
Qualifications :
- Chartered Accountant (CA) is mandatory.
- Minimum of 12-15 years of progressive finance experience with at least 3-5 years in a senior financial leadership role within the hospitality or hotel industry.
- Proven experience with financial management in a hotel environment including budgeting forecasting financial reporting and control.
Additional Information :
- Fluent in English & Hindi.
- Availability to work flexible hours including weekends or holidays depending on the hotels needs.
- Balances the needs and expectations of the owning entity with the operational goals of the hotel aligning financial strategies accordingly.
- Handles disagreements or concerns from the owning entity with professionalism finding mutually beneficial solutions.
Remote Work :
No
Employment Type :
Full-time
Employment Type
Full-time
Key Skills
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