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Job Title : Director of Finance About the Company: We are hiring on behalf of our client, a leading international hospitality brand, renowned for its hotels and resorts across South Asia and beyond. This opportunity is for their five-star property located in a central location in Mumbai , a symbol of elegance, sophistication, and exceptional guest experiences. Salary Budget: 35 to 40LPA Position Summary: The Director of Finance will play a pivotal leadership role in managing the hotel’s overall financial operations. You will oversee all aspects of finance and accounting, driving strategic initiatives to ensure the property’s financial health and long-term profitability. Reporting directly to the General Manager, you will be a key business partner to the leadership team and corporate stakeholders. This role demands a proactive and results-driven finance leader who thrives in a fast-paced, luxury hospitality environment Key Responsibilities: 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. 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: 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. 8.Risk Management: Identify financial risks and work to mitigate them. Ensure appropriate insurance and risk management policies are in place. Preferred QUALIFICATION & EXPERIENCE: Qualification: Chartered Accountant (CA) Experience: Minimum 12+ years of post-qualification experience, including at least 2 years in a senior role with a reputed five-star hotel. Proven experience with financial management in a hotel environment, including budgeting, forecasting, financial reporting, and control. Leadership Skills : Ability to lead and manage a finance team effectively, motivating them to achieve both individual and collective goals. Financial Acumen : Strong understanding of financial analysis, financial planning, cash flow management, and cost control in a hotel setting. Technical Proficiency : Advanced knowledge of accounting software, Microsoft Excel, and financial modeling. Experience with hotel-specific financial systems (e.g., Opera, Micros, Sun or similar) is a plus. Strategic Thinking : Ability to think strategically and provide financial insights that align with the hotel’s long-term goals. Problem-Solving Skills : Ability to analyze complex financial data, identify issues, and develop actionable solutions. Communication Skills : Strong verbal and written communication skills, capable of presenting financial data to senior management, ownership, and other stakeholders. Attention to Detail : High degree of accuracy in financial reporting and analysis. Negotiation Skills : Ability to negotiate financial terms with suppliers, service providers, and other third parties. Show more Show less
