Provide management with timely financial analysis for effective decision-making. Prepare all statutory and management requirements of InterContinental Hotels Group and Owners. Develop financial strategies including IT strategies to help develop the business and review periodically
Embrace and promotes the desired work culture around our Winning Ways of the InterContinental Hotels Group and the brand ethos.
Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO's (Goals Program)
Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances
Ensure excess cash is managed to maximize earning potential
Prepares outlooks for forthcoming months and forecasts for the remainder of the year
Prepares monthly position of actual results against budget, analyze results and recommend to Executive Committee measures required to meet budget
Prepare consolidated quarterly position assessments for the Hotel Manager
Distributes outlook and forecast information as an up to date management tool for operating departments
Implement and review financial controls and policies
Communicate with Owners and maintains good relations and attends liaison meetings when required
Analyze financial and management reports
Design internal reporting systems required by the department and hotel
Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures
Employ adequate internal control procedures to ensure correct authorization for payment procedures
Manage internal and external audits when they occur
Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance
Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
Identifies staff with potential for promotion and/or transfer within Accounting operation
Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations
Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
Follows up on all capital expenditures to ensure compliance with original justification and approval
Participates in local recognized professional and industry organizations
Recommends and maintains appropriate list of delegation of authority for hotel management
Conducts monthly inspections and tests to ensure all departments are complying with required procedures
Performs those duties required by the controls checklist issued by Director of Finance and Business Support
Reviews prices and recommends pricing strategy to the Hotel management
Implements and maintains acceptable accounting practices and procedures as required by InterContinental Hotels Group Policy, generally accepted accounting practices, and as affected by local conditions
Select and monitor the Local Banking arrangements made for the operation of the Hotel in Conjunction with the Hotel Owners (Managed Hotels)
Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items
Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation's
Ensure payments are made to IHG (All Fees and billings) as fast as possible
Management of work flows of the finance department
Assist in the maintenance of the fixed asset register on an annual basis
Together with the IT Manager develop yearly strategic goals for the hotel relating to financial measures
Work with Head of Departments to perform ad hoc cost benefit analysis on various projects
Works with Human Resources on manpower planning and management needs
Be responsible in keeping our property safe and secure, to participate in any hotel activity related to Fire Life safety.
Perform any other duties which may be assigned by the management from time to time
Qualifications:
- Bachelor’s degree in Finance, Accounting. A related field such as CPA/ACCA qualifications highly regarded.
- Proven experience in a senior finance role within a hotel or luxury/lifestyle hospitality environment.
- Strong understanding of financial reporting, systems, and hotel operational processes.
- Exceptional attention to detail and analytical skills.
- A natural collaborator and mentor with strong communication and leadership capabilities.
- Comfortable working in a fast-paced, evolving environment.
