Chief Financial Officer (Pre-Opening)

Our client is a leading property developer group in Bali specializing in the creation of unique and exciting properties and currently seeking a Chief Financial Officer to join and lead their exceptional pre-opening team.

The Chief Financial Officer's responsibilities include developing and managing the financial plan and budget, ensuring they align with strategic goals, and securing necessary funding and capital investments.

Requirements:

• Minimum of 10 years of experience in finance and treasury, with a substantial portion in corporate finance.
• Experience in hospitality background, preferably in the hotel sector.
• Bachelor's or Master's Degree in Accounting/ Finance/ Business, or equivalent educational background.
• Uses financial expertise and analytical models to evaluate the mix of transient and group revenue. 
• A strong understanding of F&B / hospitality operations and administration to include, budgeting, forecasting, taxation and government regulations.
• Fluent in oral and written English to meet business needs.

• Strong knowledge of financial planning, budgeting, and forecasting.

• Proven ability to manage complex financial operations and lead a finance team.

• CPA/CMA certification is preferred.

• Proficient in Microsoft Office (Word, Excel, PowerPoint).

• Able to manage multiple stakeholders across various levels of seniority.

Responsibilities:

• Develop and implement financial strategies that align with the company's business goals and objectives.
• Provide strategic recommendations to the CEO and executive management team based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
• Oversee the preparation and approval of all financial reporting materials and metrics for funding organizations and the board of directors.

• Manage cash flow planning process and ensure funds availability.

• Monitor financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances.
• Lead the finance and treasury functions, ensuring robust processes and controls are in place.
• Manage banking relationships and ensure the company has the financial resources necessary to achieve its strategic objectives.
• Oversee investment activities and make recommendations on investment strategies
• Identify and manage financial risks, ensuring adequate internal controls are in place.
• Ensure compliance with all regulatory requirements and internal policies.
• Prepare a comprehensive monthly report of the financial results for the Hotel Management in established formats and in accordance with generally accepted accounting principles.
• Develop, implement and maintain all Finance, IT and Purchasing Policies and Procedures for the Hotel Management, ensuring compliance with appropriate legislation.
• Work closely with the stakeholders to prepare annual budget planning, re-forecast, and rolling forecast on a periodic business cycle.
• Review budget activities completed by the budget owner with accurate baseline, information, and proper justification.
• Highlight key financial issues and deliver the proposed solutions to the stakeholders.
• Provide insightful financial analysis on a regular and ad-hoc basis such as business unit performance review, and other financial ratios analysis in certain circumstances.
• Participate as an active member of the Planning Committee.
• Ensure timely and accurate financial accounting and reporting, including effective internal accounting controls.
• Provide financial advisory services to operational managers.
• Ensure all finance and tax legislation is adhered to at all times.