Assistant Finance Manager

Roles and responsibilities

1. Leadership and Team Management

• Team Oversight: Managing the accounting and finance teams, ensuring efficiency, accuracy, and timely completion of tasks.
• Mentoring: Training and developing team members to improve skills and maintain a high-performing finance team.
• Collaboration: Working closely with other departments and executives to align financial strategies with overall business goals.

2. Technical Accounting Expertise

• Accounting Standards: In-depth knowledge of GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards).
• Financial Reporting: Proficiency in preparing accurate financial statements, balance sheets, and income statements.
• Taxation and Compliance: Expertise in corporate taxation, regulatory requirements, and ensuring compliance with laws and standards.

3. Analytical and Strategic Thinking

• Budgeting and Forecasting: Developing and managing budgets, forecasts, and financial models to guide decision-making.
• Data Analysis: Analyzing financial data to identify trends, risks, and opportunities.
• Strategic Planning: Supporting long-term business planning with actionable financial insights.

4. Financial Systems and Technology

• ERP Systems: Proficiency in using financial and accounting software like SAP, Oracle, or QuickBooks.
• Data Visualization Tools: Ability to use tools like Power BI or Tableau for presenting financial insights.
• Process Automation: Implementing technology to streamline accounting processes and improve efficiency.

5. Communication and Interpersonal Skills

• Stakeholder Engagement: Communicating complex financial information to non-financial stakeholders in a clear and concise manner.
• Decision Support: Providing actionable financial insights to executives and helping guide business decisions.
• Negotiation Skills: Collaborating with auditors, regulators, and vendors to achieve favorable outcomes.

Key Responsibilities of a Financial Controller

1. Financial Management and Oversight

• Budgeting and Forecasting: Developing annual budgets and financial forecasts, monitoring performance, and recommending adjustments as needed.
• Cash Flow Management: Ensuring sufficient cash flow to meet operational needs and strategic investments.
• Financial Reporting: Preparing and presenting monthly, quarterly, and annual financial reports to senior management and stakeholders.

2. Compliance and Risk Management

• Audit Coordination: Managing internal and external audits, ensuring financial records are accurate and compliant.
• Regulatory Compliance: Ensuring adherence to tax laws, financial regulations, and reporting standards.
• Risk Mitigation: Identifying financial risks and implementing controls to protect the organization’s assets.

3. Operational Efficiency

• System Optimization: Implementing and managing financial systems to streamline accounting processes and improve accuracy.
• Cost Control: Monitoring expenses, identifying cost-saving opportunities, and ensuring efficient use of resources.
• Process Improvement: Developing and maintaining internal controls to enhance financial accuracy and efficiency.

4. Strategic Planning and Decision Support

• Financial Strategy: Contributing to the development of the organization's financial and business strategies.
• Mergers and Acquisitions: Providing financial analysis and due diligence for potential acquisitions or mergers.
• Performance Monitoring: Tracking KPIs and providing insights to drive strategic initiatives.

Desired candidate profile

The Assistant Finance Manager will work closely with the Assistant Director of Finance/ Cluster Director of Finance to ensure the smooth and efficient operation of the finance department. The ideal candidate will have a strong background in finance and accounting, excellent organizational skills, and the ability to work in a fast-paced environment.

• Assist the Financial Controller r in preparing financial reports, budgets, and forecasts.
• Monitor and analyze financial performance against budget and forecast.
• Oversee accounts payable and accounts receivable processes.
• Ensure compliance with hotel policies and procedures, as well as relevant laws and regulations.
• Assist with financial audits and payroll related activities.
• Provide support to other departments regarding financial matters.
• Supervise and train finance department staff.
  

Qualifications

• Bachelor's degree in Finance, Accounting, or related field.
• 2+ years of experience in finance or accounting role, preferably in the hospitality industry.
• Strong understanding of financial principles and practices.
• Excellent analytical and problem-solving skills.
• Proficient in Microsoft Excel and accounting software.
• Excellent communication and interpersonal skills.
• Ability to work well under pressure and meet deadlines.