Role Overview:
The Senior Manager of Finance & Accounts will oversee all financial operations, ensuring the organization's financial health and stability. This leadership role requires a strategic thinker with a strong background in finance and accounting, particularly within the hospitality industry.
Key Responsibilities:
- Financial Planning and Analysis: Lead the development of annual budgets and financial forecasts, aligning with the company's strategic objectives.
- Conduct regular performance analysis, comparing actual results to budgeted figures, and provide insights to senior management.
- Financial Reporting: Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements. Ensure compliance with accounting standards and regulatory requirements in financial reporting.
- Cash Flow Management: Monitor and manage cash flow, optimizing liquidity to meet operational needs. Implement strategies to efficiently manage working capital, balancing receivables and payables.
- Risk Management: Identify and assess financial risks, developing and implementing risk mitigation strategies. Oversee insurance policies to protect the organization against financial risks.
- Team Leadership: Lead, mentor, and develop the finance and accounts team, fostering a culture of continuous improvement and professional development.
- Compliance and Audit: Ensure all financial activities comply with local regulations and industry standards. Coordinate with external auditors and regulatory bodies as required.
Qualifications:
- Bachelors degree in Accounting, Finance, or a related field; CPA or equivalent certification is preferred.
- Minimum of 10 years of progressive experience in accounting or finance roles, with at least 5 years in a managerial position within the hospitality industry.
- Strong understanding of local regulatory frameworks, corporate taxation, financial reporting standards, and compliance requirements.
- Excellent leadership, communication, and interpersonal skills.
- Proficiency in financial management software and advanced MS Excel skills.
- Strong analytical and problem-solving abilities, with a keen attention to detail.