As the Cluster Assistant Director of Finance, you will oversee the financial operations of multiple hotels within the cluster. Your role is to ensure the highest standards of financial accounting, control, and reporting across all properties, while providing strategic financial support to the Cluster General Manager, Cluster Director of Finance and hotel teams.
Duties & Key Responsibilities
Financial Accounting & Control:
• Manage the accounting records and financial reports for all hotels in the cluster, ensuring compliance with company, owner, statutory, and fiscal requirements.
• Maintain a robust system of internal controls across the cluster to safeguard assets, liabilities, revenue, and costs.
• Ensure the balance sheets of all hotels accurately reflect their assets and liabilities, with regular reviews and reconciliations.
• Continuously develop best practices in financial accounting and control procedures across the cluster.
• Liaise with Internal and External Audit to ensure effective audit programs and prompt corrective actions across all hotels.
• Ensure all revenue is captured and conduct interim self- audits as required for each property.
• Safeguard and update all leases and contracts affecting the financial status of the hotels within the cluster.
• Ensure legal and tax compliance, manage insurance cover, and oversee pension schemes where applicable for all properties.
Management Reporting:
• Develop high- quality management information and performance measurement that is timely and accurate for all hotels.
• Implement reporting that includes benchmarking, key performance indicators, and balanced scorecards for the cluster.
• Ensure all corporate reporting is timely, accurate, and internally consistent, with monthly reconciliations for each hotel.
Business Support:
• Support business development initiatives, major pricing decisions, and other commercial decision- making for the cluster.
• Review management information for all hotels and propose value- added initiatives to the Cluster General Manager and Cluster Director of Finance.
• Provide financial and commercial support to operation leaders and hotel teams across the cluster, including interpreting financial data.
Information Technology & Systems:
• Ensure proper use and security of financial systems, with adequate backup procedures across the cluster.
• Maintain the integrity of data flowing into the accounting system and correct errors at the source for all properties.
• Support the implementation and maintenance of financial systems in all hotels within the cluster.
• Develop the usage of financial systems to enhance management reporting and efficiency across the cluster.
Looking Ahead:
• Manage the budgeting process and ensure regular forecasting cycles for all hotels.
• Support the Cluster General Manager and Cluster Director of Finance in strategic planning and identifying value opportunities for the cluster.
Cash & Working Capital:
• Maintain accurate cash flow forecasts and provide adequate notice of future cash requirements for all hotels.
• Optimize cash position by managing debtors, stocks, and receivables, while maximizing interest earnings across the cluster.
