Director of Finance InterContinental Hotels Group vacancy

Director of Finance (

Job Number:

 JAI000019)

Description

 

KEY RESPONSIBILITIES

Job Summary – (Role Summary)

·      Responsible for the supervision of all members of the Accounting Department; Providing functional guidance to Executive Committee and Department Heads; Interacting with hotel’s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets

of the business and to provide business support.

Essential Duties and Responsibilities – (Key Activities of the role)

·         Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)

·         Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances

·         Prepares outlooks for forthcoming months and forecasts for the remainder of the year

·         Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget

·         Prepare consolidated quarterly position assessments for the General Manager

·         Distributes outlook and forecast information as an up to date management tool for operating departments

·         Implement and review financial controls and policies

·         Communicate with Owners

·         Analyse financial and management reports

·         Design internal reporting systems required by the department and hotel

·         Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures

·         Employ adequate internal control procedures to ensure correct authorization for payment procedures

·         Manage internal and external audits when they occur

·         Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance

·         Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments

·         Identifies staff with potential for promotion and/or transfer within Accounting operation

·         Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations

·         Provides safekeeping, including proper storage and access for all contracts, leases and other financial records

·         Follows up on all capital expenditures to ensure compliance with original justification and approval

·         Participates in local recognized professional and industry organizations

·         Conducts monthly inspections and tests to ensure all departments are complying with required procedures

·         Performs those duties required by the controls checklist issued by IHG Regional Director of Finance and Business Support / Area V.P. Finance

·         Reviews prices and recommends pricing strategy to the General Manager

·         Implements and maintains acceptable accounting practices and procedures as required by InterContinental Hotels Group Policy, generally accepted accounting practices, and as affected by local conditions

·         Select and monitor the Local Banking arrangements made for the operation of the Hotel in conjunction with the Hotel Owners  

       (Managed Hotels) 

·         Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items

·         Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s

·         Ensure payments are made to IHG (All Fees and billings) as fast as possible

·         Works with Human Resources on manpower planning and management needs

Qualifications

 

Required Skills –

·            Demonstrated ability to interact with customers, employees and third parties that reflects highly on the hotel, the brand and the Company.

·            Proficient in the use of Microsoft Office

·            Problem solving, reasoning, motivating, organizational and training abilities.

·            Good Communication and writing skills

Qualifications –

·            Bachelor’s degree in Accounting, Finance or related field.  CA preferred.

Experience –

·            4-8 years in hotel accounting or audit with at least one year in an Assistant Controller or similar supervisory role, or an equivalent combination of education and work-related experience.

Job

: Accounting

Primary Location

: IMEA_India-India-Rajasthan-Jaipur

Feb 16, 2014, 10:29:00 AM

Schedule

: Full Time

 

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