Multi Property Director of Finance
- Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KRA'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 Executive Committee 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
- Analyse financial and management reports
- Design internal reporting systems required by the department and hotel
- Evaluate existing internal control measures that apply to accounting procedures and computer systems as per The Grand Policies and Procedures
- 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
- 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
- Reviews prices and recommends pricing strategy to the General Manager
- Implements and maintains acceptable accounting practices and procedures as required by The Grand Group Policy, generally accepted accounting practices, and as affected by local conditions
- Select and monitor the Local Banking arrangements made for the operation of the Hotel in conjunction with the Hotel Owners.
- Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items
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