Are you excited about making a name for yourself as a Finance Manager for a new luxury hotel in Baguio City? We are a property development company currently building our first luxury hotel. We have entered the phase of forming a management team to help set up our operations. As we prepare to open our doors, we are seeking a talented and experienced Finance Manager to join our dynamic team.
As our Finance Manager, you will oversee financial operations, ensuring fiscal responsibility and strategic planning to uphold the standards of excellence. Your expertise and insight contribute to the sustainable growth and financial success of the Hotel, reinforcing its reputation as a leader in luxury hospitality. Inspired by the Hotel's vision and mission, your strong leadership and charismatic presence will foster team development and innovation within our dynamic hospitality environment, driving excellence and success.
Essential Duties:
• Oversee and manage all financial aspects of the Hotel, including recording, budgeting, forecasting, financial reporting, statutory reports, and analysis of financial transactions;
• Establish and maintain checks and balances as well as rigorous control measures to safeguard the integrity of financial data and processes;
• Establish effective monitoring and reporting of revenue and expense – both fixed and variable;
• Establish policies and procedures especially on internal controls.
• Ensure accurate and timely submission of financial reports, compliance with all regulatory requirements with full observance of accounting standards and company policies;
• Work with HR on optimization and monitoring of labor cost;
• Manage accounts payable and accounts receivable;
• Establish and maintain accounts with banks and pay facility partners;
• Ensure accuracy of billings and correctness of refunds, if applicable;
• Monitor purchasing activities as well as accuracy of vendors contract;
• Work with departments on costs effectiveness without sacrificing quality and service;
• Monitor budgets, forecast and trends in revenue and expenses and notify management on any foreseen financial effect;
• Daily monitor and dashboard report to management on the following:
o Average Daily Rate (ADR)
o Revenue per available room (RevPAR)
o Gross operating profit per available room (GOPPAR)
o Labor cost to total revenue ratio
• Leverage your tech-savvy skills to manage and optimize hotel software systems, particularly the financial and operational software
• Oversee, manage and audit the procurement efforts of the Purchasing Officer
• Work closely with property operations to provide financial insights and support, ensuring alignment with operational goals and financial strategies;
Qualifications:
• Certified Public Accountant (CPA)
• At least 3 years of experience as a manager or supervisor in finance or accounting role, preferably in hospitality and tourism industry or equivalent field
• Proven experience in financial planning and analysis, financial reporting, cash flow management, risk management, financial strategy development, cost management, tax planning and compliance, and financial systems and processes
• Strong leadership skills with the ability to motivate teams and drive results
• Excellent communication, interpersonal, and negotiation skills, with a strategic mindset and analytical abilities
• Strong command of accounting processes, mandatory compliance, and financial reporting
Benefits:
• Competitive compensation package
• Opportunity to work in a dynamic and innovative environment
• Career growth and professional development opportunities
• Collaborative and supportive team culture focused on excellence
• Communication allowance