Finance Manager

Job Description - Finance Manager (HOT0BFP8)

Job Number:

HOT0BFP8

Work Locations

Hilton Garden Inn Serangoon - Singapore 3 Belilios Road Singapore 219924

With thousands of hotels in over 100 countries and territories, Hilton offers countless opportunities to delight. From an open door to a welcoming smile and an exceptional experience, we offer the millions of travellers who stay with us every year a welcome they will never forget. In addition to our flagship brand, Hilton Hotels & Resorts, the family of brands includes Waldorf Astoria, LXR, Conrad, Canopy, Curio Collection, DoubleTree, Hilton Garden Inn, Hampton and many others.

If you appreciate the impact global travel can have on the world, you may be just the person we are looking for to work as a Hilton Team Member. Because it’s with Hilton where we never forget the reason we're here: to delight our guests, Team Members, and owners alike.

The Finance Manager is responsible for all accounting and financial requirements for the Hotel in an environment of tight control. The role will develop the quality of the finance function to be an integral part of the 4D structure within the hotel, provide financial advice and expertise to the General Manager and Hotel Team, with the aim of maximizing value. Strong experience in dealing with Owner and Tax Officer etc. is relevant for this role.

The Finance Manager should possess the 9 key competencies – influence, communication, developing relationships, analyzing information, decision making, planning, commercial awareness, resilience and people management.

What will I be doing?

• Carry out best practice financial accounting processes in a robust control environment.
• Responsible for the overall management of the accounting records and financial reports of the hotel ensuring compliance with company, owner, statutory fiscal requirements and timetables.
• Ensure that the balance sheet is a fair reflection of the assets and liabilities of the hotel, regularly reviewed, and reconciliations of all accounts performed.
• Ensure compliance with the management agreement with Hilton International, and any Owner / Lease agreement.
• Maintain a focused system of internal controls, which will provide an effective and efficient control over hotel assets, liabilities, revenue and costs, ensuring compliance with company policy.
• Maintain control over hotel assets, liabilities, income and expenditure on behalf of both the Operator and Owner, providing management, leadership and accountability for the financial performance of the hotel.
• Ensure legal and tax compliance, and that adequate insurance cover is maintained.
• Manage the pension scheme where applicable, ensuring that adequate accounting, actuarial and legal controls are in place.
• Ensure valid permits and licenses have been obtained for such matters as importation, currency transfers and hotel operations (bars, clubs, casinos etc.).
• Take responsibility for the safekeeping and updating of all leases and contracts which may affect the financial status of the hotel.
• Liaise and co-operate with both Internal and External Audit ensuring that an effective programme of in-hotel audit is in place and that corrective action is promptly taken where required.
• Give particular emphasis to ensure that all revenue is captured, making use of a monthly control checklist and conducting interim self-audits as required.
• Develop best practice financial accounting and control procedures.
• Financial reporting and control to be an area of continuous review and development with the aim of maximizing both impact and efficiency.
• Management Reporting - Focused, innovative and balanced reporting that stimulates management action.
• Develop high quality management information and performance measurement that is timely and accurate.
• Implement reporting that incorporates benchmarking, identification and measurement of key performance indicators, using the balanced scorecard.
• Ensure corporate reporting is timely and accurate, internally consistent and that, inter alia, Datalink report, HLBFS Report, management reports, trends of operation reports, incremental conversion reports, profit and loss statements, balance sheets and cash flow reports reconcile to the trial balance.
• Business Support - Provision of the highest standards of financial and commercial support to the Business.
• Support and advise on financial and commercial matters to the General Manager and to the hotel team, including the interpretation of financial data.
• Review management information for the hotel and make proposals for the General Manager for value added initiatives.
• Provide financial and commercial skills to support business development initiatives, major pricing decisions and other commercial decision-making.
• Information Technology & Systems - Optimize the use of I.T. within the finance department to improve efficiency and information.
• Work with Project Managers to support the implementation of financial systems in the hotel.
• Act as the guardian of the integrity of data flowing into the accounting system.
• Work with colleagues to ensure that errors are corrected at source and processes amended as required to eliminate future errors.
• Continually develop the usage of financial systems in order to ensure highest levels of management reporting, processing and staffing efficiency.
• Prepare annual capital plans and direct implementation of this plan; ensuring funding and necessary buying (e.g. Owners) are in place.
• Perform post investment audits on major capital investments, communicating results of post investment reviews within the management team and ensure actions are taken to learn from such results and maximize returns.
• Looking Ahead - Operate with meaningful strategic plans and budgets with accurate forecasting.
• Take a support role to the General Manager in hotel strategic planning with emphasis on Master-Planning and “thinking outside the box” to identify value opportunities.
• Manage the formulation, review and approval process for budgeting within the hotel.
• Investment in People – Ensure that the best person in each job is in an environment of continuous development.
• Recruit and retain the best people for the job, making use of succession planning to develop and replace individuals effectively.
• Establish and maintain good employee relations within the Finance department.
• Develop the effectiveness of the hotel’s finance function through ongoing training and development of the team.
• Optimize Cash & Working Capital position in an environment of tight control.
• Minimize the level of working capital, with particular emphasis on the management of debtors, stocks and sundry receivables.
• Maximize interest earnings and minimize interest expense.
• Maintain accurate cash flow forecasts for at least one year ahead.
• Establish robust credit control and credit management policies with the General Manager and the Commercial Manager.
• Review all accounts receivables with the Commercial Manager on a monthly basis and ensure that there are no recoverability issues.
• Cost Management - Support the operation to optimize efficiency of the cost base.
• Understand and measure cost drivers for the hotel, utilizing innovative analysis to stimulate thought and management action.
• Direct responsibility to the General Manager of the hotel combined with a responsibility to the Regional Finance Director for the maintenance of professional standards.
• Adhere to the hotel’s security and emergency policies and procedures.
• Carry out any other reasonable duties and responsibilities as assigned.

What are we looking for?

• University Commerce Degree in Accounting and Management preferred.
• At least 5 years of working experience as Financial Manager or higher position in the hospitality industry.
• Fluent in written and spoken English to meet business needs.
• Good relationship with the local bank and government agencies.
• Thorough knowledge of federal, state and local laws.
• Proficient in Microsoft Office applications.
• Ability to lead, to provide guidance and to develop team member.
• A resourceful individual who is creative and able to maintain flexibility.
• Line operations management and labor related experience preferred.

What will it be like to work for Hilton?

Hilton is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. Hilton is dedicated to continuing its tradition of providing exceptional guest experiences across its global brands. Our vision to fill the earth with