Finance Manager

What will I be doing

Finance Manager

Financial Accounting & Control

• Manage all hotel accounting records and financial reports, ensuring compliance with Hilton, owner, statutory, and fiscal requirements.
• Maintain a robust internal control environment, ensuring the safeguarding of hotel assets, accurate financial reporting, and compliance with all relevant agreements and regulations.
• Perform regular reviews and reconciliations of the balance sheet, ensuring fair representation of hotel assets and liabilities.
• Manage legal and tax compliance, insurance requirements, and financial aspects of any pension schemes, where applicable.
• Liaise effectively with Internal and External Auditors to ensure in-hotel audit programs are effective and corrective actions are taken as necessary.
• Emphasize revenue assurance, conducting interim self-audits, and using monthly control checklists.
• Maintain updated records of contracts, leases, and permits that impact the hotel's financial status.

Management Reporting

• Develop and deliver high-quality, timely management information and performance measurements.
• Implement innovative reporting practices that incorporate benchmarking, KPIs, and balanced scorecard techniques.
• Ensure all corporate reports (Datalink, Pro-Plant, management reports, etc.) are timely, accurate, and reconciled to the trial balance.

Business Support

• Provide financial and commercial advice to the General Manager and hotel management team.
• Analyze management information to identify opportunities for value creation.
• Support major pricing decisions, business development initiatives, and other strategic commercial activities.

Information Technology & Systems

• Support the implementation, maintenance, and optimal use of financial systems.
• Ensure data integrity and address system errors at the source to drive process improvements.
• Maximize efficiency through continual development of financial reporting and systems usage.

Investment Management

• Utilize project evaluation techniques to optimize returns on investments.
• Lead the preparation and management of the hotel's capital expenditure plan.
• Conduct post-investment audits and ensure learnings are applied to future projects.

Strategic Planning and Forecasting

• Play a support role in hotel strategic planning, particularly long-term master-planning.
• Manage the formulation and execution of annual budgets and regular forecasts.
• Provide advance alerts on business trends, ensuring senior management is informed of significant changes.

Team Development and People Management

• Recruit, retain, and develop top finance talent, ensuring succession planning and career development.
• Lead the finance team to achieve high performance through ongoing training and measurable objectives.
• Provide financial training to the broader hotel management team using resources such as Hilton University.

Cash Management and Working Capital

• Optimize the hotel's cash position, minimizing interest expenses and maximizing interest earnings.
• Maintain accurate cash flow forecasts and ensure proper reconciliation of all bank accounts weekly.
• Establish robust credit control and receivables management policies, ensuring recoverability and minimizing bad debts.

Cost Management

• Analyze and benchmark hotel costs, identify opportunities for savings, and manage financial risks.
• Ensure all procurement is conducted in a cost-effective manner.
• Operate the finance department efficiently, setting an example of cost-consciousness for the hotel.

Additional Responsibilities

• Maintain a strong relationship with both the General Manager and Regional Finance Director, ensuring alignment on professional standards.
• Participate in Finance Manager appraisals, bonus schemes, and personal development reviews in consultation with the Regional Finance team.
• Exercise the right to access financial information across all hotel departments to fulfill responsibilities effectively.

What are we looking for

Finance Manager

• A degree in Accounting, Finance, or a relevant field; professional accounting qualifications are preferred (e.g., CPA, ACCA).
• Proven experience in financial management roles, ideally within the hospitality industry.
• Excellent knowledge of accounting regulations and procedures.
• Strong leadership, communication, and interpersonal skills.
• Ability to challenge, influence, and drive financial performance.
• High level of IT proficiency, particularly with financial systems.
• Strong analytical and strategic planning skills.
• A commitment to professional development and continuous improvement.