Qualifications: 1. Must have a Bachelor’s degree in Accountancy or Accounting
2. Must be a Certified Public Accountant
3. A Master’s or Doctoral degree in Accountancy or Business Administration would be an advantage
4. Must have at least 10 years of managerial experience in the same field in a reputable hotel or resort
Competencies:
1. Financial planning and strategy
2. Managing profitability
3. Strategic thinking
4. Business acumen
5. Quality management
6. Promoting process improvement
7. Forecasting
8. Developing budgets
9. Financial management
10. Dealing with complexity
11. Communication proficiency
12. Vision and leadership
Responsibility:
The CFO has the primary responsibility for the planning, implementation, managing and running of all the finance activities of the hotel, including business planning, budgeting, forecasting and negotiations; is accountable for the administrative, financial and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results.
Duties:
1. Provides leadership, direction and management of the Finance team; evaluates the structure and team plan for continual improvement of the efficiency and effectiveness of the department as well as provide individuals with professional and personal growth
2. Provides strategic recommendations to the CEO and members of the Management team
3. Manages the processes for financial forecasting and budgets, and oversee the preparation of all financial reporting
4. Advises on long-term business and financial planning
5. Updates job knowledge by remaining aware of new regulations
6. Participates in educational opportunities and professional organizations
7. Reports financial status by developing forecasts, reporting results, analyzing variances and implementing improvements
8. Monitors financial performance by measuring and analyzing results, initiating corrective actions, and minimizing the impact of variances
9. Implements operational best practices
10. Ensures that the company complies with all legal and regulatory requirements
11. Develops or enhances and monitors reliable control systems that will improve the overall operation and effectiveness of the company
12. Oversees the company’s transaction processing systems
13. Provides timely and accurate analysis of budgets, financial reports and financial trends
14. Optimizes the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position
15. Develops a reliable cash flow projection process and reporting mechanism that includes minimum cash threshold to meet operating needs
