Finance Manager | Best Western Plus Maya

Job Description

Title: Finance Manager | Best Western Plus Maya

Company Name: Maya Corporation

Vacancy: 1

Age: At most 45 years

Job Location: Dhaka (Nikunja)

Salary: Tk. 75000 (Monthly)

Experience:

• 8 to 10 years
• The applicants should have experience in the following business area(s): Hotel, Resort

Published: 2024-05-12

Application Deadline: 2024-05-30

Education:

• Master of Business Administration (MBA) in Accounting
• Diploma in Hotel Management in Hospitality Management

Requirements:

• 8 to 10 years
• The applicants should have experience in the following business area(s): Hotel, Resort

Skills Required: Capital Management,Expence Management,Financial Planning,Financial Reporting,Forcasting,Leadership and teamwork,Proficiency in using property management software and other relevant t,Revenue Management,Risk Management

Additional Requirements:

• Age At most 45 years

• Must be flexible in working hours, including weekends, evenings, even holidays.

• Sooner or later always available on phone for emergency solution twenty-four (24) hours.

• Ensure his presence or remotely work if the systems down in-threatening, specifically Property Management System.

• Served at least 2-5 years in a same or similar role is precondition to be eligible to apply.

Responsibilities & Context:

Hotel Finance Managers play a vital role in driving growth for both the hotel and its owners, assisting the Hotel General Manager in achieving strategic objectives. May utilize key performance indicators such as RevPAR, ADR, Occupancy Rate, GOPPAR, RevPASH, and GOP to assess performance and profitability. Additionally, metrics like ADR Index and Occupancy Index are analyzed to gauge the hotel`s performance relative to competitors. By analyzing the Competitive Set (CompSet), he may gain insights into market positioning, enabling informed decisions to enhance performance and profitability; Reports to the Group CFO overseen by Hotel General Manager.

1. Financial Planning & Strategy

   • Develop and implement financial strategies aligned with the goals and objectives of the international hotel chain.

   • Collaborate with corporate headquarters to establish financial goals, targets, and performance metrics.

   • Conduct financial analysis to identify trends, risks, and opportunities for revenue enhancement and cost optimization.

2. Budgeting & Forecasting

   • Lead the annual budgeting process for individual properties and the entire chain, ensuring alignment with corporate guidelines and objectives.

   • Prepare accurate and realistic financial forecasts to support operational planning and decision-making.

   • Monitor budget performance and variance analysis, providing recommendations for corrective actions as needed.

3. Financial Reporting & Compliance

   • Oversee the preparation and consolidation of financial statements in accordance with international accounting standards (e.g., IFRS) and corporate reporting requirements.

   • Ensure compliance with regulatory requirements, tax laws, and internal control policies across all jurisdictions where the chain operates.

   • Coordinate with internal and external auditors to facilitate audits and ensure timely resolution of audit findings.

4. Revenue Management & Pricing Strategy

   • Partner with revenue management teams to optimize pricing, inventory management, and distribution strategies to maximize revenue and profitability.

   • Analyze market trends, demand patterns, and competitive landscape to develop pricing strategies that drive RevPAR growth.

   • Monitor key performance indicators (KPIs) related to revenue generation, occupancy rates, and average daily rate (ADR), and implement strategies to achieve targets.

5. Cost Control & Expense Management

   • Implement cost control measures and expense management initiatives to improve operational efficiency and financial performance.

   • Review and analyze departmental expenses, identifying areas for cost reduction and process improvement.

   • Negotiate vendor contracts and procurement agreements to achieve cost savings while maintaining quality standards.

6. Capital Expenditure Planning & Management

   • Evaluate capital investment proposals for property renovations, refurbishments, and new development projects.

   • Develop business cases and financial models to assess the return on investment (ROI) and long-term financial impact of capital expenditures.

   • Monitor capital expenditure budgets, ensuring projects are completed on time, within budget, and in compliance with corporate standards.

7. Financial Risk Management

   • Identify and mitigate financial risks associated with currency fluctuations, interest rate volatility, and economic uncertainty.

   • Establish risk management policies and procedures to safeguard the chain`s financial assets and minimize exposure to operational risks.

   • Monitor and report on financial risk exposures, recommending strategies to mitigate risks and protect shareholder value.

8. Interdepartmental Collaboration

   • Collaborate with operations, sales, marketing, and other departments to align financial goals with operational objectives and customer satisfaction initiatives.

   • Provide financial insights and support to department heads to optimize resource allocation, improve profitability, and achieve strategic objectives.

   • Foster a culture of accountability, transparency, and collaboration across departments to drive performance and achieve financial targets.

9. Leadership & Team Management

   • Lead and develop a team of finance professionals, including financial analysts, accountants, and administrative staff.

   • Provide coaching, training, and mentorship to enhance the team`s skills, capabilities, and performance.

   • Foster a culture of continuous learning, innovation, and excellence within the finance function.

10. Technology & Process Improvement

    • Identify opportunities to leverage technology and automation to streamline financial processes, enhance data accuracy, and improve decision-making capabilities.

    • Implement financial systems and software solutions to support reporting, analysis, and planning activities across the organization.

    • Lead change management initiatives to drive adoption of new technologies and best practices, ensuring alignment with corporate goals and objectives.

11. Corporate Governance & Ethics

    • Ensure compliance with corporate governance principles, ethical standards, and internal controls within the finance function.

12. Bank Loan Oversight

    Overseeing borrowing arrangements in efficient manner.

Job Other Benifits:

• T/A,Mobile bill
• Lunch Facilities: Full Subsidize
• Salary Review: Yearly
• Festival Bonus: 2

• Attractive Service Charge benefit

• Uniform & Complimentary Laundry Facility

• Earn Leave, Casual Leave, Sick Leave and others benefits as per company policy.

• The Bonus is applied proportionally based on the time worked, ensuring fairness and accuracy in compensation distribution | PRO-RATA

• Family Discounts on food within concern & Hotel

Employment Status: Full Time

Job Work Place:

Company Information:

Gender: Male and Female can apply

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Category: Hospitality/ Travel/ Tourism