About the Role
The Finance Manager is responsible for maintaining a strong accounting, financial reporting, and operational control environment aimed at safeguarding company assets, enhancing profitability, and mitigating business risks. This role oversees key finance shared service functions, including Accounts Payable, Accounts Receivable, General Ledger, Income Audit, Night Audit, Credit Management, Bank Reconciliations, Fixed Assets, and Intercompany Transactions.
The Finance Manager ensures accurate and timely financial operations, supports statutory and management reporting, drives process improvements, and provides leadership to the finance team. Furthermore, the role involves effective stakeholder communication with property leadership, owners, auditors, customers, and internal departments to maintain financial discipline, compliance, and operational efficiency.
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Key Responsibilities
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Financial Operations Management
- Manage end-to-end finance shared service operations, ensuring accuracy in processing and timely recording of daily financial transactions.
- Monitor cash flow, bank, revenue, receivable, payable, and balance sheet activities to resolve discrepancies and escalate issues.
- Ensure accurate month-end and year-end closing activities with appropriate reconciliations and adjustments.
- Track key financial metrics and highlight any financial risks.
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Financial Reporting and Analysis
- Review financial reports for accuracy, compliance, and completeness.
- Prepare variance analysis, management reports, and monthly financial KPI presentations for stakeholders.
- Analyze income and budget deviations, recommending corrective actions when necessary.
- Utilize analytical tools, Advanced Excel, and Power BI for forecasting and decision making.
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Income Audit, Revenue Control and Reconciliations
- Ensure accurate review and correction of daily revenue reports.
- Oversee the completeness and accuracy of income audits and daily cash reconciliations.
- Lead weekly and monthly reconciliations of accounts, resolving discrepancies promptly.
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Credit Management and Risk Control
- Manage credit facilities in accordance with established policies and verify compliance with documentation.
- Monitor credit compliance and recommend strategies to mitigate risk and improve cash collection.
- Conduct regular credit reviews with stakeholders regarding overdue balances.
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Internal Controls, Compliance and Audit
- Maintain a robust internal control environment and ensure adherence to corporate policies and statutory requirements.
- Prepare for and support internal and external audits, ensuring timely closure of audit findings.
- Organize and file financial documents in compliance with retention standards.
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Process Improvement and Automation
- Identify and implement opportunities for improving finance processes, reporting accuracy, and team productivity.
- Promote automation tools to decrease manual work and enhance efficiency.
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Stakeholder Management and Communication
- Maintain regular communication with various stakeholders to provide financial updates and resolve finance-related issues.
- Work closely with operational teams to manage financial escalations and concerns.
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Team Leadership and Development
- Lead and support the finance team to ensure accurate and timely completion of tasks.
- Conduct weekly alignment meetings to review priorities and actions.
- Train team members in compliance procedures and financial processes.
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Other Responsibilities
- Support the Director of Finance with financial planning and audits.
- Address business interruptions and support operational requests as needed.
Key Skills and Competencies
- Financial Accounting
- Shared Services Operations
- Financial Reporting
- Budgeting and Forecasting
- Internal Controls and Compliance
- Income Audit and Revenue Control
- Accounts Payable and Receivable
- Balance Sheet Reconciliations
- Cash Flow Monitoring
- Credit Management
- Process Improvement
- Audit Coordination
- People Management
- Stakeholder Management
- Analytical Thinking
- Problem Solving
- Project Management
- Advanced Excel
- Power BI
- Financial Modeling
- Excellent Communication Skills
- Leadership and Team Development
Key Performance Indicators
- Timely and accurate month-end closing
- Quality and accuracy of financial reports
- Completion and quality of balance sheet reconciliations
- Reduction of ageing receivables and credit risks
- Compliance with internal controls and statutory requirements
- Timely closure of audit findings
- Improvement in cash flow visibility and reporting
- Efficiency of finance operations and contributions to successful process improvements
- Effective team engagement and performance
Minimum Requirements
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional qualification such as ACCA, CPA, CMA, CIMA, or equivalent is preferred.
- 5 to 7 years of finance experience, ideally in hospitality or multi-property operations.
- Strong knowledge of accounting standards and financial operations.
- Advanced proficiency in Microsoft Excel is essential; experience with Power BI and ERP systems is advantageous.
- Strong leadership, communication, analytical, and problem-solving skills.
