Director of Finance
Job Description
Title: Director of Finance
Company Name: The Westin Dhaka
Vacancy: 01
Job Location: Dhaka Division
Employment Status: Full-time
Educational Requirements:
∎ Master of Business Administration (MBA)
∎ FCA / CPA / FCMA will be preferable
Experience Requirements:
∎ At least 8 year(s)
∎ The applicants should have experience in the following area(s):
Accounts, Audit, Finance, Internal Audit, Tax (VAT/ Customs Duty/ Income Tax)
∎ The applicants should have experience in the following business area(s):
Hotel
Job Responsibilities:
∎ Engaging in Strategic Planning and Decision Making.
∎ Develops means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
∎ Analyzes information, forecasts sales against expenses and creates annual budget plans.
∎ Analyzes differences between actual budget wages and forecasted wages for more efficient budget planning.
∎ Identifies the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
∎ Thinks creatively and practically to develop, execute and implement new business plans.
∎ Creates the annual operating budget for the property.
∎ Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
∎ Ensures a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
∎ Analyzes financial data and market trends.
∎ Produces accurate forecasts that enable operations to react to changes in the business.
∎ Leading Finance Teams.
∎ Reviews revenue reconciliation (Oprea & SUN) for supporting monthly VAT return.
∎ Prepare Financial Statements as per BFRS/IFRS at the end of the Calendar year/Financial year.
∎ Reviews monthly expatriate salary tax calculation and ensure to deposit the challan for monthly salary TDS.
∎ Reviews Individual salary tax calculation and ensure to deposit the challan for monthly salary TDS.
∎ Review and compile monthly VAT Return before submitting to concerned circle.
∎ Review quarterly/half yearly statement for Tax deducted at source as per 75A of Income Tax Ordinance 1984.
∎ Maintain time to time correspondence with legal & regulatory bodies (Tax & VAT, BIDA, Bangladesh Bank, Narcotics).
∎ Follow-up and correspond with Tax & VAT consultant regarding company’s legal other related issues.
∎ Providing external auditors with the information they need and implementing their recommendations.
∎ Aligns practices with internal and external audit recommendations.
∎ Ensures compliance with applicable local laws as per the requirement of the regulatory authorities.
∎ Utilizes interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
∎ Communicates the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.
∎ Oversees internal, external and regulatory audit processes.
∎ Provides excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.
∎ Conducts annual performance appraisals with direct reports according to standard operating procedures.
∎ Attends meetings and communicating with the owners, understanding the priorities and strategic focus.
∎ Advises the GM and executive committee on existing and evolving operating/financial issues.
∎ Communicates financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
∎ Demonstrates an understanding of cash flow and owner priorities.
∎ Manages communication with owners in an effective manner.
∎ Manages property working capital and cash flow in accordance with brand standard operating procedures and owner requirements.
∎ Facilitates critique meetings to review information with management team.
∎ Developing and Maintaining Finance Goals.
∎ Ensures Profits and Losses are documented accurately.
∎ Monitors all taxes that apply, ensuring that taxes are current, collected and/or accrued.
∎ Submits reports in a timely manner, ensuring delivery deadlines.
∎ Develops and supports achievement of performance goals, budget goals, team goals, etc.
∎ Improves profit growth in operating departments.
∎ Reviews audit issues to ensure accuracy.
∎ Monitor the purchasing process as applicable.
∎ Managing Projects and Policies.
∎ Generates and provides accurate and timely results in the form of reports, presentations, etc.
∎ Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.
∎ Ensures that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
∎ Ensures compliance with management contract and reporting requirements.
∎ Ensures compliance with standard and local operating procedures.
∎ Ensures compliance with standard operating procedures.
∎ Ensures team members are cross-trained to support successful daily operations.
∎ Ensures property policies are administered fairly and consistently.
∎ Ensures new hires receive the appropriate new hire training to successfully perform their job.
∎ Creates appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.
∎ Conduct performance review process for employees.
∎ Participates in hiring activities as appropriate.
Additional Requirements:
∎ Age at least 32 years
∎ Both males and females are allowed to apply
∎ Technical Acumen - Understands and utilizes professional skills and knowledge in a specific functional area to conduct and manage everyday business operations and generate innovative solutions to approach function-specific work challenges.
∎ Economics and Accounting - Knowledge of P&L statements, operating budgets, forecasting and scheduling, and the reporting of financial data.
∎ Auditing and Reconciliation - The ability to recognize, research, and resolve discrepancies in financial data, and create flow charts on main accounting and control cycles (A/R, AP, Cash) to facilitate understanding of key control points.
∎ General Finance and Accounting - The ability to perform bookkeeping procedures, proficiently use financial systems technology, and accurately complete general ledger entries; knowledge of database structures in order to obtain financial queries; establish Cash flow statements and cash flow forecast with a good understanding the financials flows and the working capital needs.
∎ Analysis - The ability to create and maintain spreadsheets as well as analyze and summarize financial data using appropriate financial software.
∎ Accounting Knowledge - Knowledge of general accounting principles and current company accounting policies and procedures. This includes general accounting and financial reporting, auditing, accounts payable, and accounts receivable.
∎ Accounting and Internal Control Knowledge - Knowledge of local Generally Accepted Accounting Principles (local GAAP), Marriott International Policies (MIP), and International Standard Operating Procedures (ISOPs).
∎ Legal - Ability to read and understand basic contract elements, e.g. royalty fees, management agreement, terms, priorities and profit distribution.
∎ Auditing Skills - The ability to perform auditing procedures, including the ability to recognize, research, and resolve discrepancies in financial data.
∎ Accounts Payable and Accounts Receivable - Knowledge of Accounts Payable and Accounts Receivable processes, including knowledge of subledger reconciliation and controls.
∎ Basic Competencies - Fundamental competencies required for accomplishing basic work activities.
∎ Basic Computer Skills - Uses basic computer hardware and software (e.g., personal computers, word processing software, Internet browsers, etc.).
∎ Mathematical Reasoning - Demonstrates ability to add, subtract, multiply, or divide quickly, correctly, and in a way that allows one to solve work-related issues.
∎ Oral Comprehension - Demonstrates ability to listen to and understand information and ideas presented through spoken words and sentences.
∎ Reading Comprehension - Demonstrates understanding of written sentences and paragraphs in work-related documents.
∎ Writing - Communicates effectively in writing as appropriate for the needs of the audience
Salary:
∎ Negotiable
∎ Service Charge as per Hotel policy
Compensation & Other Benefits:
∎ Mobile bill, Medical allowance, Performance bonus, Provident fund, Insurance, Gratuity
∎ Lunch Facilities: Full Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2
Application Deadline: July 21, 2019
Company Information:
∎ The Westin Dhaka
∎ Address : Road 45, Plot 1, Gulshan 2, Dhaka, Bangladesh
∎ Web : www.westin.com/dhaka
∎ Business : Five Star Hotel
Category: Accounting/Finance
Read Before Apply: Candidate with relevant experience in Five Star Chain Hotel will get preference.
Source: bdjobs.com
Deadline Expired on 21st Jul 2019
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