Asst. Director/Director - Finance & Business Support | Holiday Inn Dhaka City Centre | Vacancy: 01

Asst. Director/Director - Finance & Business Support

Holiday Inn Dhaka City Centre

Vacancy: 01

Job Context

As Director of Finance, you`ll direct hotel financial operations and ensure the security of hotel assets. Reporting on the financial state of the hotel, you`ll also make recommendations to improve the hotel profitability. You`ll be the first point of contact for all hotel financial and accounting-related issues with owners, auditors (internal and external) and regulatory agencies.

Job Responsibilities

• Implement and maintain acceptable accounting practices as required by company policy and procedures.
• Ensure financial control procedures and systems are ethical and legal.
• Participate in locally recognized professional and industry organizations.
• Manage hotel contracts (example: vendor leases and/or service contracts)
• Maintain records for internal and external audits; ensure compliance with government regulations and contractual agreements.
• Ensure accounting practices, support the guest experience through payment options (e.g. credit card systems, room charges), inventory controls and financial dispute resolution.
• Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximize financial return.
• Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost saving and productivity opportunities for department heads.
• Ensure all accounts are reconciled on a monthly basis and oversee the process of credit extension and collection of overdue accounts.
• Review rates and recommend rate strategy to the General Manager; participate in sales strategy meetings.
• Manage accounts payable to balance cash flow and reputation with suppliers.
• Analyze ROI for capital projects prior to committing funds and, upon completion, determine if anticipated results were achieved.
• Maximize cash flow performance of the hotel through controls on inventory (avoid excessive supply), credit and collection, disbursements, deposits and remittances.
• Knowledge of accounting management duties e.g. negotiating hotel space and tenant leases; processing payroll; performing asset management duties; providing business projections, displacement analysis, preparing government reports, filing tax returns etc.
• Manage day-to-day activities, plan and assign work, and establish performance and development goals for team members.
• Provide mentoring, coaching and regular feedback to help manage conflict, improve team member performance, and recognize good performance.
• Educate, train and motivate finance and accounting teams to achieve hotel revenue goals. Ensure staff have the information, market data, tools and equipment to successfully carry out job duties.
• Recommend or initiate any HR related actions where needed.
• Direct the team on how decision-making impacts profits.
• Promote teamwork and quality service through daily communication and coordination with key department heads.
• Accountability: This is the top accounting job in a large, luxury, or resort hotel. Typically supervises clerical accounting employees in a full range of functions such as Accounts Payable, Accounts Receivable, Credit/Collections, Purchasing, Audit, Payroll, and/or Accounting Operations.

Employment Status

Full-time

Workplace

• Work at office

Educational Requirements

• Bachelor's/Master's degree in accounting and finance / CA, or ACA qualified background will be preferable.

Experience Requirements

• 4 to 8 year(s)

Job Location: Dhaka

Salary: Negotiable

Compensation & Other Benefits

• As per company Policy.

Job Source

Bdjobs.com 

Potential candidates with above job requirements are invited to apply by email:
career@holidayinn-dhaka.com

Application Deadline: 31 Mar 2023