Finance Manager

Career > Property Business Group > Hospitality Management Unit

Number of Vacancies - 1

The Finance Manager is responsible for overseeing and ensuring the accuracy, transparency, and compliance of all financial reports prepared by the hotel management companies. This role serves as the financial representative of the owner, monitoring performance, validating reports, and providing strategic financial insights to support management decisions and safeguard the owner’s interests.

Responsibilities:

• Review monthly, quarterly, and annual financial statements (P&L, Balance Sheet, and Cash Flow Statement) prepared by hotel operators to ensure accuracy and consistency with the accounting system.
• Verify that all figures reported by management companies reconcile with system-generated reports and trial balances.
• Analyze variances between budget, forecast, and actual results, and provide clear explanations to ownership.
• Consolidate the financial results of both properties for owner reporting.
• Ensure the timely submission of financial reports to Group Finance and Ownership.
• Coordinate with hotel management teams to review annual budgets and forecasts before submission to ownership.
• Evaluate revenue, cost, and profit projections for accuracy and alignment with market and operational conditions.
• Monitor performance against approved budgets and recommend corrective actions where necessary.
• Ensure the hotels maintain proper accounting standards, internal controls, and compliance with owner policies.
• Regularly review system postings, reconciliations, and accounting entries to detect inconsistencies or errors.
• Coordinate internal and external audits and ensure the timely resolution of audit findings.
• Safeguard the owner’s financial interests through periodic financial checks and reconciliations.
• Review and monitor hotel cash flow statements and bank balances.
• Ensure all fund transfers, intercompany transactions, and capital expenditures follow approval procedures.
• Provide cash flow forecasts and recommend measures to optimize liquidity for both hotels.
• Liaise between hotel management teams (Park Royal and Pan Pacific), ownership, and Group Finance.
• Support the Group Finance team with consolidated financial data and analysis for decision-making.
• Communicate clearly with General Managers and hotel finance teams regarding any reporting discrepancies or process improvements.
• Provide financial insights for business reviews, investment analyses, and project evaluations.
• Assist in evaluating ROI for capital projects and operational initiatives.
• Support the owner in long-term financial planning and business strategy discussions.
• Analyze purchasing processes and provide an overview of operating conditions.
• Monitor and analyze capital expenditure and owner expense requests.
• Conduct monthly P&L analysis.

Requirements:

• Degree or Higher Diploma in Hotel Management or other equivalent educational qualifications.
• Knowledge of housekeeping and laundry operations.
• Adequate knowledge of personalized service principles and processes.
• Familiarity with the latest industry trends.
• Proficient in MS Word and Excel.
• Minimum of 2 years of housekeeping experience in a supervisory capacity.
• 2 years of line-level experience in all aspects of the Housekeeping Department.
• Hands-on experience with guest services and housekeeping activities.
• Strong leadership and organizational skills, with the ability to think outside the box, drive change, and identify operational efficiencies.

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