Director of Finance - 5* Hotel - Mallorca

Background: Background in finance within luxury hotels. Able to relocate candidates from abroad.

Location: International Group Hotel based in Mallorca, Balearic Islands, Spain.

Reporting to the GM, your main responsibilities will be:

• Ensure accurate maintenance of financial records, compliance with accounting standards, and adherence to legal and regulatory requirements, including preparation and review of financial statements.
• Establish robust cash management controls, prepare cash flow forecasts, and oversee reconciliations of balance sheet accounts to ensure accuracy and identify discrepancies.
• Supervise the Finance and Accounting department, ensuring smooth operations and timely delivery of financial reports, while also providing training and development opportunities to enhance team skills.
• Direct the preparation of annual budgets and monthly forecasts, establish major financial objectives and policies, and conduct analysis to minimize variances and maximize return on investment.
• Contribute financial insights and recommendations to strategic planning processes, establish functional objectives aligned with organizational goals, and prepare long-term capital and operational projections.
• Maintain professional relationships with stakeholders such as owners, asset managers, and corporate teams, reporting on financial performance, acting as a business advisor, and addressing specific requirements.
• Ensure compliance with company finance directives, local regulations, and internal controls, coordinate with internal and external audit teams, and mitigate risks related to financial operations and reporting.
• Provide training to enhance financial skills of management teams, set individual development plans, and coach colleagues for future growth and development.
• Coordinate with auditors, investigate findings and recommendations, review and certify financial reports before distribution, and monitor legal issues and tax compliance, ensuring timely resolution.
• Implement best practices, share insights with Finance Leadership Committee, address ad hoc requests, and contribute to the ongoing improvement of financial processes and operations.

Compensation and Benefits:

• Attractive salary package
• Bonus
• Relocation (if needed)
• Health Insurance
• Parking