Finance Manager

Job Responsibilities

• Experience in managing the entire finance function for multiple outlets and diverse businesses within the hospitality division, including managing relationships with partners.
• Knowledge and experience in the purchasing and production process and is equally versed in IFRS for hospitality.
• Ensure all Group policies and procedures are implemented properly, communicated to all staff, monitored regularly, adhered to in all instances, and rolled out to any new employee.
• Develop policies in the required format where necessary, obtain the necessary approvals, and implement.
• Implement financial controls in the businesses to prevent misuse and misappropriation of funds or assets and ensure efficient cost control.
• Serve as a key member of the senior management team to develop operational and strategic business plans, forecasts, and feasibility studies.
• Prepare reports daily, weekly, and monthly, including but not limited to sales analysis, food and beverages cost reports, and monthly management accounts.
• Prepare annual budgets per business unit with quarterly updated rolling forecasts.
• Prepare and present monthly Business Review Pack.
• Submit a monthly Financial Managers report summarizing the performance of the businesses under your control, including a P&L, variance analysis against budget and forecast, balance sheet, cash flow, focus areas for the next month, control weaknesses, and corrective actions.
• Advise on investment activities and provide strategies to the company.
• Maintain the financial health of the organization.
• Analyze costs, pricing, variable contributions, sales results, and the company’s actual performance compared to the business plans.
• Develop trends and projections for the firm’s finances.
• Conduct reviews and evaluations for cost-reduction opportunities.
• Oversee operations of the finance department, set goals and objectives, and design a framework for these to be met.
• Ensure the Hospitality Division's financial goals and objectives are achieved by ensuring that all accounting and control procedures are in place in accordance with company policy and local requirements and regulations.
• Manage and control all banking-related transactions within the Hospitality Division.
• Monitor daily cash flow management, including the management of payables and monthly balance sheet reconciliations review and authorization.
• Oversee the purchasing department ensuring the right item is purchased at the most competitive price.
• Monitor supplier/customer agreements regarding respective revenue and costs associated with them.
• Identify areas for cost cutting and/or revenue improvement using industry experience and initiative.
• Ensure all businesses and assets under your control are managed at all times, including risk management of assets, currency, credit, and liquidity.
• Ensure that all IT systems are being used in accordance with business requirements and proper segregation of duties is implemented.
• Manage and coordinate internal and external audits. Strive to build a team culture by working together with the respective business and department heads in support of their strategies to achieve the business plan.
• Oversee the payroll preparation of the Hospitality Division. Serve as an advisor to key management regarding strategic projects and operational requirements.
• Provide leadership to finance team members and strive to be industry-leading in terms of accuracy, quality, timing, execution, and delivery.
• Develop and monitor KPIs and KPAs for finance staff. Foster a performance-driven environment with quarterly staff performance reviews, identifying training needs, and mentoring/coaching staff.

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