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
Qualification
✓ Bachelor's/College Degree
✓ Years of Experience: 5 years
✓ Job Specializations Accounting/Finance, Corporate Finance/Investment