jobseeker Logo
Now Apply on the Go!
Download iimjobs Jobseeker App and get a seamless experience for your job-hunting
11/03 Neeta
Consultant at Cornerstone

Views:2758 Applications:132 Rec. Actions:Recruiter Actions:2

Manager - Finance - Hotel/Restaurant (6-8 yrs)

Overseas/International/Africa/Kenya Job Code: 673967

- 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

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

Add a note
  • Apply
  • Assess Yourself
  • Save
  • Insights (Read more)
  • Follow-up
    (Read more)
Something suspicious? Report this job posting.