Job Summary

The role of the Finance Director has overall control and responsibility for all financial aspects of company strategy and is expected to analyse figures and implement recommendations based on these findings with the most profitable outcomes.

 

To supervise the Finance office and with various projects and ensure the financial reporting requirements are completed in accordance with One & Only’s standards of quality and performance

 

Key Duties and Responsibilities

 

1.              Plan and direct the functions of administration and planning of the Resort Accounting Department to meet the daily needs of the operation. 
2. ·        Prepare the monthly financial statements “MFS” in accordance with international hotel industry standards according to generally accepted accounting principles, Company policy where appropriate and to comply with local Law and Regulations. 
3. ·        The MFS are to be prepared to accurately reflect all transactions which have occurred during the period being reported upon. They are to contain all the necessary accruals and adjustments to reflect the transactions as they have occurred.
4. ·        The Director of Finance is not allowed to adjust accruals or prepare other adjusting journal entries for the specific purpose of altering actual financial results in order to comply with budget or forecast results.
5. ·        Prepare periodic internal and external reports required by the Vice President Finance and General Manager, and any other financial reports that may be required. 
6. ·        Maintain adequate systems of internal control to effectively safeguard the assets of the Company and to assure that all transactions are properly reflected in the books and records of the resort.
7. ·        Clearly describe, assign and delegate responsibility and authority for the operation of the various Resort’s Accounting sub-departments, such as Accounts Receivable & Payable, General Cashiering, Income Audit, Payroll and Cost Control, Night Audit, Chief Cashier, Outlet Cashiers, Retail, Computer Systems, Stores and Receiving, Credit and Purchasing, etc.
8. ·        Execute the provisions of any management agreement or operating lease agreement.
9. ·        Continuously evaluate the performance and encourage improvement of the personnel in the Accounting Department. Plan and administer a training and development program within the Accounting Department which will provide well trained employees at all levels and permit advancement for those persons qualified and interested in career development. Prepare position descriptions; conduct regularly scheduled employee meetings, etc.
10. ·        Coordinate with the Company legal department on the negotiation, execution and delivery of operating contracts and agreements for the Company.
11. ·        Timely preparation, filing and payment of all government taxes, as appropriate.
12. ·        During the course of business, remain in contact with, assist and cooperate with various individuals including but not limited to the following: Company Executives, various resort’s Management and employees, internal auditors, external auditors, risk management advisers, government offices such as tax, revenue, etc., and vendors.
13. ·        Develop, implement and monitor schedules for the operation of all Accounting Sub- Departments to achieve the budgeted goals.
14. ·        Implement effective control of all costs food, beverage, labour, supplies, equipment, etc., among all Resort Sub-Departments. Insure proper use, maintenance, repair and storage of Accounting supplies, equipment and facilities.
15. ·        Assist all Managers in establishing and achieving predetermined profit objectives.
16. ·        Regularly review and evaluate the degree of customer acceptance of the individual outlets, to recommend to management new operating and marketing policies whenever declining or constant sales imply dissatisfaction by the guests, a material change in the make-up or the guest market, or a change in the competitive environment. Revise existing programs and create new ones.
17. ·        Develop with the aid of the various Managers, the operating tools necessary and incidental to modern management principles, e.g. budgeting, forecasting, purchase specifications, recipes, portion specifications, menu abstracts, food production control, report preparation and presentation, etc.
18. ·        Actively participates as a member of the Resort Executive Committee “EXCOM”.
19. ·        Ability to move throughout all Accounting areas and perform essential job functions.
20. Ability to read, analyse and interpret written documents; write speeches and articles; make effective and persuasive speeches and presentations to a variety of audiences; listen and communicate effectively in English, both verbally and in writing.

 

 

Skills, Experience & Educational Requirements

 

1. Minimum of Bachelor’s Degree in Accounting
2. Prefer ACCA/ACA fully qualified or Master’s Degree in Accounting or Business Administration or its equivalent degree in the respective field.
3. Must have solid working experience with the following Accounting Software:, PMS Opera/Micros Fidelio, Sun System, Oracle, Materials Control, Call Accounting.
4. Must have management skills in order lead a team of about 30 people.