Finance Manager

Roles and responsibilities

1. Leadership and Team Management

• Team Oversight: Managing the accounting and finance teams, ensuring efficiency, accuracy, and timely completion of tasks.
• Mentoring: Training and developing team members to improve skills and maintain a high-performing finance team.
• Collaboration: Working closely with other departments and executives to align financial strategies with overall business goals.

2. Technical Accounting Expertise

• Accounting Standards: In-depth knowledge of GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
• Financial Reporting: Proficiency in preparing accurate financial statements, balance sheets, and income statements.
• Taxation and Compliance: Expertise in corporate taxation, regulatory requirements, and ensuring compliance with laws and standards.

3. Analytical and Strategic Thinking

• Budgeting and Forecasting: Developing and managing budgets, forecasts, and financial models to guide decision-making.
• Data Analysis: Analyzing financial data to identify trends, risks, and opportunities.
• Strategic Planning: Supporting long-term business planning with actionable financial insights.

4. Financial Systems and Technology

• ERP Systems: Proficiency in using financial and accounting software like SAP, Oracle, or QuickBooks.
• Data Visualization Tools: Ability to use tools like Power BI or Tableau for presenting financial insights.
• Process Automation: Implementing technology to streamline accounting processes and improve efficiency.

5. Communication and Interpersonal Skills

• Stakeholder Engagement: Communicating complex financial information to non-financial stakeholders in a clear and concise manner.
• Decision Support: Providing actionable financial insights to executives and helping guide business decisions.
• Negotiation Skills: Collaborating with auditors, regulators, and vendors to achieve favorable outcomes.

Key Responsibilities of a Financial Controller

1. Financial Management and Oversight

• Budgeting and Forecasting: Developing annual budgets and financial forecasts, monitoring performance, and recommending adjustments as needed.
• Cash Flow Management: Ensuring sufficient cash flow to meet operational needs and strategic investments.
• Financial Reporting: Preparing and presenting monthly, quarterly, and annual financial reports to senior management and stakeholders.

2. Compliance and Risk Management

• Audit Coordination: Managing internal and external audits, ensuring financial records are accurate and compliant.
• Regulatory Compliance: Ensuring adherence to tax laws, financial regulations, and reporting standards.
• Risk Mitigation: Identifying financial risks and implementing controls to protect the organization’s assets.

3. Operational Efficiency

• System Optimization: Implementing and managing financial systems to streamline accounting processes and improve accuracy.
• Cost Control: Monitoring expenses, identifying cost-saving opportunities, and ensuring efficient use of resources.
• Process Improvement: Developing and maintaining internal controls to enhance financial accuracy and efficiency.

4. Strategic Planning and Decision Support

• Financial Strategy: Contributing to the development of the organization's financial and business strategies.
• Mergers and Acquisitions: Providing financial analysis and due diligence for potential acquisitions or mergers.
• Performance Monitoring: Tracking KPIs and providing insights to drive strategic initiatives.

Desired candidate profile

The Finance Manager will work closely with the Cluster Director of Finance to ensure the smooth and efficient operation of the finance department. The ideal candidate will have a strong background in finance and accounting, excellent organizational skills, and the ability to work in a fast-paced environment.

• Assist the Cluster Director of Finance in preparing financial reports, budgets, and forecasts.
• Monitor and analyse financial performance against budget and forecast.
• Oversee accounts payable and accounts receivable processes.
• Ensure compliance with hotel policies and procedures, as well as relevant laws and regulations.
• Assist with financial audits and payroll related activities.
• Provide support to other departments regarding financial matters.
• Supervise and train finance department staff.
  

Qualifications

• Bachelor's degree in Finance, Accounting, or related field.
• 2+ years of experience in finance or accounting role, preferably in the hospitality industry.
• Strong understanding of financial principles and practices.
• Excellent analytical and problem-solving skills.
• Proficient in Microsoft Excel and accounting software.
• Excellent communication and interpersonal skills.
• Ability to work well under pressure and meet deadlines.