Finance Director for Operations at Hospitality Innovators Inc.

Job Description

Job Description

Financial Management and Controls

• Oversee the smooth and efficient running of Corporate Finance-Operations Team and the Finance Departments of managed properties

• Effectively manage the Company’s financial resources with specific attention to cash balances

• Assist Property Finance Managers in the implementation of corporate policies and procedures such as cash management, accounts payables and receivables and calculation of fees

• Ensure the effective management, monitoring and tracking of the financial status of different properties

• Implement, document and maintain adequate and effective internal controls

• Implement, document and maintain adequate and effective processes to improve the close and reporting cycles to ensure timely and accurate reporting

• Responsible for ensuring compliance with all applicable laws, rules, and regulation

Finance Administration

· Ensure the monthly reconciliation of all ledgers and sub-ledgers.

· Analyze business performance/results, providing feedback to the Executive Committee.

· Track and monitor revenue for accuracy, verifying it against sub-ledger report on a monthly basis.

· Ensure that revenue is allocated correctly, taking corrective action where inconsistencies arise.

· Ensure monthly accruals are adjusted to meet demands of the business.

· Develop and implement purchasing practices and monitor the purchasing system.

· Implement and monitor payment authority practice.

· Manage the maintenance and upgrade of financial, payroll information systems

· Oversee the bi-monthly processing of payroll and payments to employees

· Establish and maintain cash controls.

Budgeting, Forecasting & Reporting

· Prepare and coordinate annual budgets, including operating and capital expenditure budgets.

· Ensure the accurate preparation and reporting of monthly financial results in strict accordance with Company deadlines.

· Where required, provide assistance/direction to properties with regard to the preparation of budgets.

· In conjunction with the Executive Committee, ensure that business cash flow adequately supports company work activities and produces optimal results.

· Ensure approved capital expenditure budgets are adhered to at all times.

· Ensure any variations to budgets and forecasts are explained in management reports, including any future or potential exposures to the organization.

· Collate all relevant information to produce end of year statutory accounts for the Company.

· Ensure that end of year statutory accounts report is finalized by specified date and presented to the Executive Committee for review.

· On a monthly basis track and review business’ profit and loss, report it to the Executive Committee.

· Review weekly ManCom reports submitted by different properties, check for accuracy, verify details and ensure revisions if necessary

· For pre-opening properties, prepare consolidated pre-opening budget, present to the Executive Committee and to the property owners for approval

Asset Management

· Ensure all company assets are monitored and accurately accounted for.

· Ensure the fixed assets register is managed and maintained with strict adherence to company-established procedures

· Ensure the general ledger is reconciled to the assets register on a monthly basis

· Ensure that monthly group and payroll tax is completed by the assigned sections of each property.

· Collect and collate all necessary documentation in readiness and preparation of company tax return

Administrative and Other Duties

· Prepare and submit regular or as needed reports to EXECOM

· Participate in the hiring process, specifically for hiring of Finance Managers and other Finance positions

· Perform performance review as per Company performance review schedule

· Coach and mentor staff for personal and professional development

· Review and recommend approval for promotion, transfer or other personnel movements of Finance personnel · Attend meetings or trainings as needed or as requested

· Perform other tasks as needed or as requested

Additional Information

✓ Career Level

✓ CEO/SVP/AVP/VP/Director


✓ Bachelor's/College Degree

✓ Years of Experience: 5 years

✓ Job Specializations Accounting/Finance, Corporate Finance/Investment

About Hospitality Innovators Inc.

Over the past 24 years, Hospitality Innovators, Inc. (HII) has continuously re-imagined and transformed the management and operation of hotels, resorts, serviced apartments and other properties in the Philippines. At HII, we make sure that our team and each property we manage embodies and upholds our core principles and standards to provide you with the very best service.

Location: Muntinlupa, Metro Manila, Philippines

Salary: 120,000 - 150,000 PHP

Referral Reward: 10,000 PHP

Starting: Now

Contract: Full Time

Company Website: Visit

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