Finance Manager

Year    KA, IN, India

Job Description

DUTIES & RESPONSIBILITIES



Implement, monitor and ensure compliance to Hotel Financial Policies and Procedures, ensure appropriate deviations be requested from the Regional/Divisional Controller; report known non-compliance to Hotel Policy and Procedures to the General Manager and take action to address them. Prepare and submit reports and analysis that are concise, comprehensive, accurate and timely. Co-ordinate and submit financial projections as required by General Manager and the Management contract in relation to Owner reporting. Monitor business results and provide clear and informed analysis to meet hotel requirements. Present and explain variances to financial objectives to the General Manager, Owners and relevant Department Heads in a clear and concise manner with recommendations for future corrective action. Evaluate the impact of business decisions where necessary. Liaise with the General Manager & Executive Committee regarding potential opportunities and threats so as to be proactive in addressing changes in the Hotel's environment. Practice effective balance sheet management and ensure reconciliation's are completed monthly. Practice effective cash flow management and communicate all significant cash flows to the Owners on a regular basis. Support Management maintenance and development of the Hotel's data processing systems with the IT head Assist in developing department heads so that they may take more responsibility for forecasting their department's operating and financial performance. Evaluate staff performances and analyze training and developmental needs, including annual completion of performance appraisals. Respond to ad hoc requests by Owners, the General Manager, Regional Office, fellow associates and guests in an efficient, professional and timely manner. In conjunction with the General Manager, the Financial Controller is responsible for compliance with: Ensure the needed controls are in place to maximize profits and minimize losses through retention of revenues, ensuring that expenditures are justified and that hotel assets are safeguarded. Regular monitor all areas of hotel operations and performing profitability analysis and planning, and advise Department Heads on strategies for profit enhancement. Provide a professional, advisory and executive support service to the General Manager & Executive Committee to assist in meeting the strategic goals of the establishment. Implement control procedures to minimize errors, fraud and waste. Prepare monthly outlook/forecast reports. Take charge of the annual Business plan process in coordination with the General Manager and the Director of Sales. Participate in the preparation of the Strategic Business and Operating Plans. Conduct development and performance reviews, identifying key personnel for further development and structured career path. Implement and maintain training systems to ensure that associates have the necessary framework and skills to perform their job efficiently and effectively by ensuring that the AFC. Prepare work schedules and annual leave schedules within budget, business expectations and guidelines of the appropriate industrial legislation. Implement opportunities for quality Team Building. Ensure that all finance associates comply with the grooming and uniform standards. Oversee the selection and appointment of new associates within the department. Ensure an effective second chain of command is established to ensure continuity and efficient operations Conduct regular associate meetings to keep all associates informed. Align plans with business strategy; understand short- and long-term impact of business decisions; demonstrate knowledge of and educate others about how one's work aligns with the overall business/brand strategy, and ultimately shareholder value Collect and analyze data to make customer focused business decisions; ensure associates
understand and exceed customer expectations.

Understand the meaning and implications of key internal and external financial indicators; manage overall financial performance; use sound financial analysis to evaluate strategic and investment options Add value through revenue growth and operational efficiency through process improvement; understand and focus on the key drivers of sales, associate and customer satisfaction, profitability, and quality Plan and direct the functions of administration and planning of the Finance Department to meet the daily needs of operation. Must demonstrate an ability to set priorities, develop managerial work strategies ( using delegation, holding meetings, setting work plans etc.) schedule work, co-ordinate resources and establish feedback. Outstanding personal presentation standards Give a positive commitment to continuous improvement of product and performance. Completely understand, implement and ensure adherence to Local Labor laws and 'Brand' policies. Be well versed and knowledgeable of 'Brand' Fire and Evacuation procedures as well as health and safety requirements in the Workplace. Ensure Associates are aware of their duty of care as determined by legislation and that they maintain complete familiarity. Personally ensure compliance with all relevant Workplace Health & Safety and Occupational Health & Safety rules.
To summarize, it is not the intention of this to limit the scope or responsibilities of the above-mentioned, but to highlight the most important aspects of your position. It is essential that all associates are committed to their jobs and the success of the enterprise, and maintain a willingness to accept total flexibility of jobs and duties throughout the hotel.

JOB KNOWLEDGE, SKILLS & ABILITIES



Must demonstrate an ability to clearly communicate in verbal and written format

Build positive and productive working relationships with customers, subordinates, peers, superiors, business partners, and the community; encourage this behaviour in others Promote the free flow of information; encourage the open expression of ideas and opinions Build a team with different opinions, skills, experiences, and backgrounds; leverage personal, cultural, and functional differences to optimize team performance Work collaboratively with others to achieve common goals and objectives; serve effectively in both team member and team leader roles; promote collaboration & teamwork in others Must demonstrate an ability to develop a strong working relationship with others by being fair, open, reliable and consistent. Demonstrates an ability to guide group processes toward goal accomplishment e.g. Skill in meeting management, consensus problem solving
Must demonstrate an ability to communicate informally and effectively with all co-workers, in one-on-one or small group settings, through clear articulation of ideas and active listening.

Handle difficult situations with poise and self-assurance; demonstrate emotional stability and humility; remain calm, confident, and dependable during a crisis, be willing to take risks publicly

Demonstrate honesty, reliability, ethics, and professionalism; demonstrate consistency between words & behavior

Gather and analyse relevant facts and data to establish core issue or root cause; make timely and sound decisions with regard to appropriate course of action

Have indepth working experience of all Accounting functions of a hotel (e.g. F&B Control, Income Audit, Procurement, AR, AP, etc)

Convey relevant information in a timely fashion, appropriately tailored to the intended audience; effectively influence and persuade others; listen effectively and follow-up to ensure understanding

Advanced IT user skills (Microsoft Office)

QUALIFICATION STANDARD



Education:

Degree of Bachelor of Commerce or Bachelor of Science

Professional Accounting qualification preferably from ICAI

Experience:

Minimum 5 years experience in Hospitality Industry preferably in mid- to large sized Hotel

Additional Skill required:

Preferably a train-the-trainer certification

Job Types: Full-time, Permanent

Pay: ?70,000.00 - ?80,000.00 per month

Benefits:

Food provided Leave encashment Provident Fund
Work Location: In person

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Job Detail

  • Job Id
    JD4710483
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    KA, IN, India
  • Education
    Not mentioned
  • Experience
    Year