Director of Finance

Company Description
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Job Description

• 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.

• 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.

• 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.

• 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.

• 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.

• 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.

• Risk Management:

• Identify financial risks and work to mitigate them.

• Ensure appropriate insurance and risk management policies are in place.

Qualifications

• Chartered Accountant (CA) is mandatory.
• Minimum of 12-15 years of progressive finance experience, with at least 3-5 years in a senior financial leadership role within the hospitality or hotel industry.
• Proven experience with financial management in a hotel environment, including budgeting, forecasting, financial reporting, and control.

Additional Information

• Fluent in English & Hindi.
• Availability to work flexible hours, including weekends or holidays, depending on the hotel's needs.
• Balances the needs and expectations of the owning entity with the operational goals of the hotel, aligning financial strategies accordingly.
• Handles disagreements or concerns from the owning entity with professionalism, finding mutually beneficial solutions.