Manager - Finance - Hotel/Restaurant

- Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO's

- Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances

- Ensure excess cash is managed to maximize earning potential

- Prepares outlooks for forthcoming months and forecasts for the remainder of the year

- Prepares monthly position of actual results against budget, analyse results and recommend to HODs measures required to meet budget

- Prepare consolidated quarterly position assessments for the General Manager

- Distributes outlook and forecast information as an up to date management tool for operating departments

- Implement and review financial controls and policies

- Communicate with Owners and maintains good relations and attends liaison meetings when required

- Analyse financial and management reports

- Design internal reporting systems required by the department and hotel

- Employ adequate internal control procedures to ensure correct authorization for payment procedures

- Manage internal and external audits when they occur

- Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance

- Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments

- Identifies staff with potential for promotion and/or transfer within Accounting operation

- Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations

- Provides safekeeping, including proper storage and access for all contracts, leases and other financial records

- Follows up on all capital expenditures to ensure compliance with original justification and approval

- Participates in local recognized professional and industry organizations

- Recommends and maintains appropriate list of delegation of authority for hotel management

- Conducts monthly inspections and tests to ensure all departments are complying with required procedures

- Performs those duties required by the controls checklist issued Director of Finance and V.P. Finance

- Reviews prices and recommends pricing strategy to the General Manager

- Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items

- Ensure all accounts are reconciled on monthly basis, review and approve those reconciliations

- Management of work flows of the finance department

- Assist in the maintenance of the fixed asset register on an annual basis

- Together with the IT Manager develop yearly strategic goals for the hotel relating to financial measures

- Work with Head of Departments to perform ad hoc cost benefit analysis on various projects