Regional Finance Head

Join the Mad Monkey Team in Sri Lanka!

Are you ready to be a part of something incredible? Mad Monkey, the renowned hostel brand, is expanding into the heart of Sri Lanka and we're on the lookout for passionate individuals to join our growing team. This is your chance to shape unforgettable experiences for travelers, right here in paradise.

We are currently looking for a Regional Finance Head!

Join us as the Regional Finance Head, where you'll be the financial backbone of our operations in Sri Lanka. Your strategic financial insights will drive our growth, ensuring the seamless expansion of Mad Monkey's footprint. From budgeting to financial reporting, you'll make sure our paradise ventures are as economically sound as they are breathtaking.

The Regional Finance Head will be responsible for the regional-wide company accounting operations, including, but not limited to overseeing the operations of accounts department employees and outsourced activities; ensuring that all types of company transactions are properly processed; reporting monthly financial statements; coordinating the creation of annual budgets; and developing, implementing, and maintaining an infrastructure of policies, procedures, and calendars of activities to ensure that all the aforementioned are achieved, accurately, efficiently, timely, and in compliance with accounting standards and tax reporting requirements.

Building strong relationships of leadership internally and with suppliers by ensuring Mad Monkey's core values have visibility within the business.

MAIN DUTIES & RESPONSIBILITIES:

Management:

• Management of the operations of the Accounting department.
• Development of an efficient and professional team of employees within the Accounting Department.
• Development of specific goals and plans to prioritize, organize and accomplish work objectives.
• Provision of excellent leadership, fostering teamwork, celebrating top performance, and encouraging work/life balance.
• Cultivation of employee team culture of open and collaborative relationships, and leading by example.
• Oversight of the activities of any supplier to which functions have been outsourced.
• Oversight of the accounting operations of any subsidiary of the Company.
• Development, implementation, and maintenance of an effective system of accounting policies and procedures.
• Implementation and maintenance of an effective system of accounting policies and procedures, as guided by the Group Financial Controller.

Transactions:

• Verify the supplier's invoice and the payment thereof within the designated due date.
• Issuance of invoices to customers as soon as goods/services have been sold/delivered.
• Prompt collection of accounts receivable.
• Processing of payroll information with minimal errors, and issuance of compensation payments to employees by scheduled pay dates.
• Timely recording and prompt depositing of cash receipts.
• Completion of comprehensive bank & cash reconciliations at regular intervals.
• Payment of debt payments as scheduled.
• Effective operation of the company accounting, POS & reservation software, and any other software utilized in accounting operations.
• Development and maintenance of a chart of accounts that effectively fulfills the business's record-keeping and management reporting requirements, universally adopted across the Group.
• Ensure a strong accounting and operational control environment to safeguard Company assets.
• Maintenance of an orderly filing system for all hard and soft copy accounting records.
• Development, implementation, and maintenance of a comprehensive system of controls over all accounting functions within the company.

Reporting:

• Compilation and issuance of accurate financial statements on a timely basis.
• Measurement and reporting of the financial and operational performance of the company and its business units in ongoing reports to management.
• Preparation of various financial analyses for management.
• Representation of the company accounts department in scheduled Head of Department meetings.
• Supporting and liaising with the Heads of Departments in meeting the strategic goals of the Group.
• Proactively seeking and identifying opportunities to reduce costs, enhance revenues and improve profits, and promptly and effectively report them to management.
• Assistance in the preparation of the company s annual reports.
• Provision of information required by internal, external & regulatory auditors to examine the company s in-regional financial statements and accounting system.
• Implementation and maintenance of an effective infrastructure of policies, procedures, and calendar activities for the reporting of accurate and timely financial results as Guided by the Group Financial Controller.

Planning:

• Coordination of the creation of regional-wide annual budgets, and testing of their achievability.
• Calculate variances between actual and budgeted results, and report the reasons for variances to management.

Compliance:

• Monitoring the company in regional compliance with any existing debt covenants and warning management of covenant breaches.
• Compliance with any filing requirements imposed by local, state, or regional governing authorities.
• Compliance with tax reporting and payment requirements in line with Tax consultant.

QUALIFICATIONS / COMPETENCIES:

• Bachelor's degree in Accounting/Finance or equivalent.
• Years of progressive work experience in financial management, audit or compliance role, preferably in hospitality industry.
• Excellent verbal and written communication skills.
• Knowledge of local governmental compliance requirements.
• Proficient in computer skills and familiar with Microsoft Office application and Google Workspace.
• Able to work under pressure and meet tight deadlines.
• High level of integrity and ethics.
• Experience with delivering accurate and timely reports