Group Chief Financial Officer (GCFO)

Job Description

Title: Group Chief Financial Officer (GCFO)

Company Name: Istanbul Hotel & Resort Ltd

Vacancy: 1

Age: 35 to 45 years

Job Location: Anywhere in Bangladesh

Salary: Tk. 100000 - 150000 (Monthly)

Experience:

• At least 15 years
• The applicants should have experience in the following business area(s): Developer

• Master of Business Administration (MBA)
• Masters

FCA qualification required; MBA in Finance or Accounts preferable.ITP, VAT Consultant, Chartered secretariate

• At least 15 years
• The applicants should have experience in the following business area(s): Developer

• Age 35 to 45 years
• Only Male

Strong knowledge of IFRS, IAS, TAX/VAT regulations are mandatory.

Proven experience with financial planning, budgeting, and multi-property/multi-entity consolidation

Proficiency in accounting software and advanced Excel skills

Excellent communication skills in both Bengali and English

High integrity, strong analytical mindset, and ability to work directly with senior leadership

Experienced in Group of company finance.

Financial Strategy & Planning

• Develop and execute long-term financial strategy aligned with company growth objectives, including expansion plans for Kuakata operations

• Prepare annual budgets, forecasts, and financial models for hotel operations and new property development

• Advise the Managing Director and Board on capital structure, investment decisions, and financing options

Financial Operations & Reporting

• Oversee all accounting operations, ensuring accuracy and timeliness of financial statements in compliance with Bangladesh Financial Reporting Standards (BFRS)

• Manage cash flow, working capital, and treasury functions across all properties

• Ensure timely, accurate MIS reporting to ownership/management

Compliance & Risk Management

• Ensure full compliance with NBR (National Board of Revenue) tax regulations, VAT, and corporate tax filings

• Liaise with external auditors, tax consultants, and regulatory bodies (RJSC, Bangladesh Bank where applicable)

• Establish and maintain strong internal controls and risk management frameworks

Banking & Fundraising

• Manage relationships with commercial banks and financial institutions for working capital facilities, LCs, and project financing

• Lead due diligence and structuring for expansion projects, including the Kuakata property

Team Leadership

• Build and lead the finance and accounts department

• Mentor finance staff and coordinate with HR on payroll, incentive structures, and cost control initiatives

• Work cross-functionally with operations, sales, and business development teams

Cost Control & Profitability

• Monitor departmental budgets (F&B, rooms, events) and identify cost-optimization opportunities

• Analyze profitability by property/segment and recommend corrective actions