Director of Finance
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Key skills for this role
About the Role
AccorHotel at Raffles The Palm is seeking a Director of Finance to lead the hotel's finance function, ensuring sound financial management and operational efficiency. The role involves financial planning, budgeting, reporting, and team leadership, reporting to the Regional Vice President & Managing Director.
Key Skills for This Role
Responsibilities
- Develop and implement the hotel's financial planning and budgeting process
- Monitor and review budget performance regularly, identifying areas for improvement and cost saving opportunities
- Prepare and present accurate and timely financial reports, including income statements, balance sheets, cash flow statements
- Analyse financial data to provide insights into the hotel's performance and make strategic recommendations
- Work closely with the revenue management team to set room rates and optimize revenue
- Monitor and analyse revenue streams from various hotel operations
- Implement cost control measures to manage expenses efficiently
- Review and approve expenditures, ensuring compliance with budgetary guidelines
- Oversee the financial operation of the hotel
- Coordinate effective and efficient Payroll Management
- Ensure compliance with all relevant financial regulations, accounting standards, and local tax laws
- Coordinate and liaise with external auditors during the hotel's annual audit process
Requirements
- Develop and implement the hotel's financial planning and budgeting process
- Monitor and review budget performance regularly
- Prepare and present accurate and timely financial reports
- Analyse financial data to provide insights into the hotel's performance
- Work closely with revenue management team to set room rates and optimize revenue
- Implement cost control measures
- Oversee cash flow management
- Ensure compliance with financial regulations and tax laws
- Lead and supervise the finance team
- Coordinate with external auditors
- Manage Owner's monthly reporting package as per HMA
Full Job Posting
Job Overview
- We invite you to join the world of luxury hospitality at Raffles The Palm as our new Director of Finance.
- Reporting directly to the Regional Vice President & Managing Director, you will lead the hotel's Finance function, ensuring sound financial management and operational efficiency while supporting a culture of service excellence.
- By planning, organizing, directing, and controlling all Accounting & Finance policies and procedures, you will ensure alignment with Accor and Raffles standards and contribute to an exceptional guest experience.
Key Responsibilities
- Develop and implement the hotel's financial planning and budgeting process, in alignment with the hotel's strategic goals and objectives.
- Monitor and review budget performance regularly, identifying areas for improvement and cost saving opportunities.
- Prepare and present accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and other financial metrics to the hotel's management and ownership.
- Analyse financial data to provide insights into the hotel's performance and make strategic recommendations for improvement.
- Work closely with the revenue management team to set room rates and optimize revenue through effective pricing strategies.
- Monitor and analyse revenue streams from various hotel operations, such as room revenue, food and beverage, and other ancillary services.
- Implement cost control measures to manage expenses efficiently without compromising on service quality and guest satisfaction.
- Review and approve expenditures, ensuring compliance with budgetary guidelines and procurement procedures.
- Oversee the financial operation of the hotel.
- Co ordinate an effective and efficient Payroll Management/Resource allocation through establishing a flexible work force throughout the Division, based on the principles of multi skilling and multi tasking.
- Ensure compliance with all relevant financial regulations, accounting standards, and local tax laws.
- Coordinate and liaise with external auditors during the hotel's annual audit process.
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