Chief Financial Officer - Hospitality - CA

CFO

Hiring CFO for Luxury Hospitality brand

Industry : Hospitality

Salary Up to 80 LPA

Location : Mumbai

CA must

Job Summary:

The Chief Financial Officer (CFO) for the Hospitality sector is a strategic executive leader responsible for managing the financial operations of the organization within the unique context of the hospitality industry. This role involves overseeing financial planning, budgeting, reporting, and analysis, as well as providing strategic guidance to support growth, profitability, and operational excellence. The CFO will collaborate with cross-functional teams, ownership groups, and external stakeholders to drive financial strategies aligned with the organization's goals and industry dynamics.

Key Responsibilities:

Financial Strategy and Planning:

- Develop and communicate a comprehensive financial strategy that aligns with the organization's business objectives and the specific demands of the hospitality industry.

- Lead the annual budgeting process and provide ongoing financial forecasts and projections to guide strategic decisions.

Financial Reporting and Analysis:

- Oversee the preparation and analysis of financial statements, performance metrics, and key performance indicators (KPIs) to assess the financial health of the organization.

- Provide insightful and actionable analysis to identify trends, opportunities, and areas for improvement.

Capital Management:

- Manage capital expenditure planning and allocation for property improvements, renovations, and expansions.

- Evaluate investment opportunities and capital projects to ensure alignment with business objectives and financial viability.

Cost Control and Efficiency:

- Implement cost control measures and operational efficiencies to optimize resource allocation and enhance profitability without compromising guest experience.

- Collaborate with operational teams to identify areas for cost reduction and process improvement.

Treasury and Cash Management:

- Develop and implement cash flow management strategies to ensure adequate liquidity for day-to-day operations and strategic initiatives.

- Monitor banking relationships, debt management, and financial risk exposure.

Financial Compliance:

- Ensure compliance with relevant financial regulations, industry standards, and tax requirements specific to the hospitality sector.

- Oversee internal controls to safeguard assets and prevent financial irregularities.

Strategic Partnerships:

- Collaborate closely with ownership groups, investors, and external partners to provide financial insights and support strategic decision-making.

- Participate in negotiations and due diligence for acquisitions, partnerships, and joint ventures.

Team Leadership:

- Lead and mentor the finance team, fostering professional growth and maintaining a high-performing and engaged department.

- Provide guidance on complex financial matters and serve as a resource for cross-functional teams.

Risk Management:

- Identify and assess financial risks inherent to the hospitality industry, such as market volatility, regulatory changes, and economic fluctuations.

- Develop risk mitigation strategies and contingency plans.

Qualifications and Requirements:

- CA.

- Extensive experience (typically 3) in progressively responsible financial leadership roles within the hospitality industry.

- In-depth understanding of hospitality finance, including revenue management, cost structures, and industry-specific financial dynamics.

- Strong analytical skills and the ability to synthesize complex financial data into actionable insights.

- Excellent communication and interpersonal skills, with the ability to convey financial concepts to non-financial stakeholders.

- Proven track record of financial strategy development and execution.

- Experience in capital project management and financial modelling.

- Familiarity with hospitality technology solutions and systems.

- Strategic thinking and the ability to align financial strategies with broader organizational goals.

- Ethical conduct and the ability to maintain confidentiality and objectivity.

- Flexibility to adapt to the evolving nature of the hospitality industry.

Please note that this job description is meant to provide a general overview of the responsibilities and qualifications for the Chief Financial Officer in the hospitality sector. Specific duties and requirements may be tailored based on the organization's needs and the dynamic nature of the hospitality industry.