In this role, you will implement best practice financial accounting processes within a robust control environment. You will oversee the overall management of the hotel’s accounting records and financial reports, ensuring they comply with company policies, owner expectations, statutory requirements, and fiscal deadlines.
As the Cluster Director of Finance, you will report directly to the Cluster General Manager and also maintain a professional relationship with the Regional Finance Director to uphold high standards. You will be responsible for the safekeeping and updating of all leases and contracts that impact the hotel’s financial status.
Duties & Key Responsibilities
Behavioral Competencies
• Ensure the balance sheet accurately reflects the assets and liabilities of the hotels within the cluster. Regularly review and reconcile all accounts.
• Maintain a robust system of internal controls to effectively manage the hotels’ assets, liabilities, revenue, and costs, ensuring compliance with company policies.
• Oversee the hotels’ assets, liabilities, income, and expenditure on behalf of both the Operator and Owner, providing leadership and accountability for the financial performance of the hotels within the cluster.
• Ensure adherence to the Management agreement with Hilton International and any Owner/Lease agreements.
• Ensure legal and tax compliance, maintain adequate insurance coverage, and manage the pension scheme where applicable, ensuring proper accounting, actuarial, and legal controls.
Technical Competencies
• Collaborate with the ISM to ensure proper use and maintenance of financial systems, including security and backup procedures.
• Proficient in SUN, Opera PMS, Agilysys, BirchStreet and Cadena.
• Continuously develop financial systems to ensure high levels of management reporting, processing, and staffing efficiency, thereby maximizing return on investment.
• Enhance the use of IT within the finance department to improve efficiency and information flow.
Problem- Solving
• Develop and continuously review best practice financial accounting and control procedures to maximize impact and efficiency.
• Report directly to the Cluster General Manager and the Regional Finance Director, maintaining professional standards.
• Safeguard and update all leases and contracts affecting the financial status of the hotels within the cluster.
Financial Acumen
• Offer financial and commercial advice to the Cluster General Manager and the hotel teams within the cluster, including interpreting financial data.
• Provide the highest standards of financial and commercial support to the business.
• Provide financial and commercial expertise to support business development initiatives, major pricing decisions, and other commercial decision- making.
• Review management information for the hotels within the cluster and propose value- added initiatives to the Cluster General Manager.
• Lead by example by operating an efficient and cost- effective Finance department.
