Finance Manager (Hospitality Industry)

Company Background

A well-established hospitality and leisure resort, offering a premium experience for guests with luxurious accommodations, diverse dining options, and diverse leisure facilities based in Sungai Long, Kajang.

Job Summary

The Finance Manager oversees the resort's financial operations, including planning, budgeting, accounting, and reporting, to maintain financial stability and profitability. This role collaborates with department heads to provide financial insights and support strategic decision-making.

Job Responsibilities

1. Financial Accounting Process

• Overall management of the accounting records and financial reports of the hotel ensuring compliance with company, owner, statutory and fiscal requirements, and timetables.
• Where applicable the above must include the accounts for the Hotels affiliated companies.
• Ensure that the balance sheet is a fair reflection of the assets and liabilities of the hotel.
• Maintain a focused system of internal controls, which will provide an effective and efficient control over the hotel assets, liabilities, revenue and costs.
• Ensure legal and tax compliance and that adequate insurance cover is maintained.
• Ensure proper permits and licenses have been obtained for such matters as importation, currency transfers and hotel operations (bars, lobby music, etc.).
• Liaise and co-operate with both Internal and External Audit.
• Develop best practice financial accounting and control procedures.

2. Management Reporting and Business Support

• Implement reporting that incorporates benchmarking, identification and measurement of key performance indicators.
• Support and advice on financial and commercial matters to the CEO, General Manager and to the hotel team, including the interpretation of financial data.
• Review management information for the hotel and make proposals for the CEO, General Manager for value added initiatives.
• Provide financial and commercial skills to support business development initiatives, major pricing decisions and other commercial decision making.

3. Financial Budget and Forecasting

• Take a support role to the General Manager in hotel strategic planning.
• Manage the formulation, review and approval process for budgeting within the hotel.
• Ensure a regular cycle of forecasting takes place within the hotel with content and detail appropriate to the needs of the operation.

4. Cashflow and Bank Reconciliation

• Maintain accurate cashflow forecasts and ensure adequate notice is given to CEO of any future cash requirements.
• Ensure full reconciliation of all bank accounts on a monthly basis.

5. Cost Management

• Understand and measure cost drivers for the hotel.
• Ensure that adequate purchasing procedures are in operation so that purchases of goods and services are made in the most cost-effective manner.
• Identify cost reduction opportunities. Manage financial risks of the business.

6. Purchasing department

• Overseeing, manage and supervise the Procurement Department.
• Plan, evaluate and formulate procedures in maintaining par stock levels.
• Approve the addition or deletion of products after consultation with the CEO and General Manager.
• Maintain and update pricing database of all Food and Beverage items.
• Process purchase requisitions received from the various departments and obtain pricing and quotes from vendors/suppliers.
• Perform special jobs and projects that may be assigned by the CEO or General Manager from time to time. Perform other related duties appropriate to status from time to time.

Requirements

• Degree or Master in Accounting, Finance, or any related field. CPA, ACCA, or equivalent professional qualification is an advantage.
• Minimum of 5-7 years of experience in finance, with experience in a managerial role from similar industry.
• Good communication skills in English and Mandarin (to deal with Mandarin speaking suppliers)
• Experience overseeing purchasing / procurement department is required.
• Excellent analytical, problem-solving, and leadership skills.
• High attention to detail and the ability to manage multiple priorities and deadlines
• Leadership experience, with the ability to motivate and manage a team effectively
• Must be willing to work in Sungai Long, Kajang.

Interested candidates, please apply online or send your updated resume to revathiy (at)talentrecruit.com.my

Only shortlisted candidates will be notified.