Hospitality Industry Growing Biz
Job Summary –
• Provides financial leadership in achieving profit, cash flow, and key performance goals for the hotels and the company, while maintaining a strategic perspective to identify profitable opportunities, anticipate challenges and create competitive advantage, ensures a controlled, check and balance, financial environment at all times across the group.
Essential Duties and Responsibilities – (Key Activities)
• Leads and facilitates the achievement of annual financial goals and targets of hotels and the company to ensure profitability and revenue growth through development of effective key performance and cost management indexes.
• Executes strategies and actions to increase return on invested capital for the group. Lead and facilitate the management of cash flow, capital and overall expenses to obtain highest value.
• Identifies risk exposure and effectively leverages the organization as appropriate to manage business and financial risk to create and preserve value.
• Manages RWHG’s presence in the different sovereign jurisdictions. Scope of responsibility includes tax planning and compliance, business structure; property based financial systems, budgeting, financial reporting, shared services, other line of businesses etc.
• Assists the company in development activity, e.g. identification of market opportunities and formulation of plans, monitoring/modifying financial strategic support to optimise unit growth etc.
• Guides the property team on the development of pre-opening and working capital budgets, and involve other pre-opening activities relating to finance and accounting.
• Provides financial leadership and strategic perspective in developing and monitoring business plans to achieve profit and growth objectives.
• Supports and advises general managers, director of finance of hotel operations on key operating / financial issues; helps enhance the team’s financial and business skills.
• Facilitates the corporate’s business planning processes (Long range plan, operating and capital budgets, forecast, risk assessment), standard reporting processes (working capital, month end reporting, annual statement of operations, etc.), and compliance with local tax, financial, and accounting regulations. Provides direction, support and ensures compliance on balance sheet analysis/certification, hotel audits and internal control standards, P&L reviews, cash flow forecasts, financial systems and reporting, and financial analysis (pro forma, project analysis, business cases, etc.).
• Reviews and develops optimal financial and funding solutions for the company and ensures profitability of the group (e.g. leading negotiation on bank financing).
• Implements appropriate metrics and controls to manage business risks; ensure strong accounting and operational control environment to safeguard assets, improve operations, profitability and ROIC.
• Develops and identifies new financial systems (in conjunction with IT) that maybe relevant for the strategic benefit of the group.
• Coordinates and directs work groups to address common issues towards improved standardization across the group.
• Maintains strong owner relationships. Understand the owners' perspective and ROI expectations proactively anticipate and address needs; manage an effective balance between the owner's and RWHG’s interests, developing solutions that create value for both.
• Liaise with the corporate legal representative and designated development personnel to oversee and develop individual Management Agreement / Technical Services Agreements, in the best interest of the company.
• Leads and oversee the yearly hotel budget review process.
• Accountable for compliance with contract and reporting requirements. Ensures that general managers and hotel director of finance are familiar with the management contract and structure of the deal, and in compliance with contract requirements.
• Builds effective working relationship internally and with external customers, partners and auditors. Effectively leverages resources outside of own area.
• Actively participates in the coaching development training and succession planning for the directors of finance, liaising with the general managers as required, to maximize talent potential.
• Promotes an organizational environment that rapidly assimilates new information to improve business performance through assertive leadership.
• Actively pursues learning and self- development to enhance own professional growth. Seek feedback and take action to enhance performance based on experiences & coaching.
• Develops processes to enhance communication and sharing of best practices and experiences amongst the hotels.
• Administrates the insurance policies including staff related insurance coverage and general office coverage.
• Guides and directs the purchasing process at the corporate level toward leveraging the optimum price, value, quality relationship and ensuring the ethical integrity of the purchasing function.
• Provides input into the monthly P&L hotel submissions, identifying to operations any major opportunities seen.
• Develops and updates policies and manuals, as related to the division / department, for implementation in the field, while ensuring compliance to the same for consistency across the group.
• Actively participates in and leads recruitment and talent development for the division/department, to meet both current and future needs.
• Is a “Brand Ambassador” at all times and ensures brand integrity and clarity are always maintained.
• Models the company’s culture, vision, mission and core values at all times.
