Director of Finance
Job Description
Title: Director of Finance
Company Name: The Westin Dhaka
Vacancy: 1
Job Location: Dhaka
Employment Status: Full-time
Educational Requirements:
∎ Bachelor of Commerce (BCom)
∎ PGD in Financial Management will be preferred
Experience Requirements:
∎ At least 10 year(s)
∎ The applicants should have experience in the following area(s):
Auditing, Budgeting, Cost & Management Accounting, Finance/ Accounts, Forecasting, Tax and VAT
∎ The applicants should have experience in the following business area(s):
Hotel, Resort
Job Responsibilities:
∎ Develop means to improve profit, including estimating cost and benefit, exploring new business opportunities, etc.
∎ Analyze information, forecasts sales against expenses and creates annual budget plans.
∎ Comply information, analyze and monitor actual sales against projected sales.
∎ Analyze differences between actual budget wages and forecasted wages for more efficient budget planning.
∎ Identify the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
∎ Think creatively and practically to develop, execute and implement new business plans
∎ Create the annual operating budget for the property.
∎ Provide analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
∎ Implement a system of appropriate controls to manage business risks.
∎ Ensure a strong accounting and operational control environment to safeguard assets, improve operations and profitability.
∎ Analyze financial data and market trends.
∎ Lead the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction.
∎ Provide ongoing analytical support by monitoring the operating department's actual and projected sales.
∎ Produce accurate forecasts that enable operations to react to changes in the business.
∎ Utilize interpersonal and communication skills to lead, influence, and encourage others; advocates sound financial/business decision making; demonstrates honesty/integrity; leads by example.
∎ Communicate the strategic goals, the focus and the owner priorities to subordinates in a clear and precise manner.
∎ Leverage strong functional leadership and communication skills to influence the executive team, the property's strategies and to lead own team.
∎ Oversee internal, external and regulatory audit processes.
∎ Provide excellent leadership by assigning team members and other departments managers' clear accountability backed by appropriate authority.
∎ Conduct annual performance appraisals with direct reports according to standard operating procedures.
∎ Attend meetings and communicating with the owners, understanding the priorities and strategic focus.
∎ Understand and meets the needs of key stakeholders (owners, corporate, guests, etc.).
∎ Advise the GM and executive committee on existing and evolving operating/financial issues.
∎ Communicate financial concepts in a clear and persuasive manner that is easy to understand and drives desired behaviors.
∎ Demonstrate an understanding of cash flow and owner priorities.
∎ Manage communication with owners in an effective manner.
∎ Manage property working capital and cash flow in accordance with brand standard operating procedures and owner requirements.
∎ Facilitate critique meetings to review information with management team.
∎ Ensure Profits and Losses are documented accurately.
∎ Monitor all taxes that apply, ensuring that taxes are current, collected and/or accrued.
∎ Submit reports in a timely manner, ensuring delivery deadlines.
∎ Develop and supports achievement of performance goals, budget goals, team goals, etc.
∎ Improve profit growth in operating departments.
∎ Review audit issues to ensure accuracy.
∎ Monitor the purchasing process as applicable.
∎ Generate and provides accurate and timely results in the form of reports, presentations, etc.
∎ Reconcile balance sheet to ensure account balances are supported by appropriate documentation in accordance with standard operating procedures.
∎ Ensure that the P&L is accurate (e.g., costs are properly matched to revenue, costs are recorded in the proper accounts).
∎ Ensure compliance with management contract and reporting requirements.
∎ Ensure compliance with standard and local operating procedures.
∎ Ensure team members are cross-trained to support successful daily operations.
∎ Ensure property policies are administered fairly and consistently.
∎ Ensure new hires participate in the department's orientation program.
∎ Ensure new hires receive the appropriate new hire training to successfully perform their job.
∎ Create appropriate development plans which develop team members based on their individual strengths, development needs, career aspirations and abilities.
∎ Conduct performance review process for employees.
∎ Participate in hiring activities as appropriate.
Additional Requirements:
∎ Age at least 40 years
Salary:
∎ Negotiable
∎ Eligible for other benefits as per hotel policy
Compensation & Other Benefits:
∎ Mobile bill, Medical allowance, Provident fund, Insurance, Gratuity, Performance bonus
∎ Lunch Facilities: Full Subsidize
∎ Salary Review: Yearly
∎ Festival Bonus: 2
Job Source: Bdjobs.com Online Job Posting.
Application Deadline: 17 Nov 2022
Company Information:
∎ 8 Nov 2022
∎ The Westin Dhaka
∎ Address : Road 45, Plot 1, Gulshan 2, Dhaka, Bangladesh
∎ Web : www.westin.com/dhaka
∎ Business : Five Star Hotel
Category: Accounting/Finance
:
Source: bdjobs.com
Deadline Expired on 17th Nov 2022
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