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Director of Finance & Business Support
4-8 years
Mumbai
1 vacancy
Director of Finance & Business Support
Ihg Group
posted 21d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
As Director of Finance and Accounting, you ll direct hotel financial operations and ensure the security of hotel assets. Reporting on the financial state of hotel youll also make recommendations to improve hotel profitability. Youll be the first point of contact for all hotel financial and accounting-related issues with owners, auditors (internal and external) and regulatory agencies.
People
Manage everyday activities, plan and assign work ensuring you always have the right staffing numbers
Develop your team and improve their performance through coaching and feedback, and create performance and development goals - recognise good performance
Train your team to make sure they deliver with compliance, to our standards and have the tools they need to work efficiently
Recommend or initiate any HR related actions where needed
Direct the team on how decision-making impacts profits
Drive a great working environment for teams to thrive - connect departments to create sense of one team
Responsible Business
Implement and maintain acceptable accounting practices as required by company policy and procedures
Ensure financial control procedures and systems are ethical and legal
Participate in local recognised professional and industry organisations
Manage hotel contracts (example: vendor leases and/or service contracts)
Other ad-hoc duties - unexpected moments when we have to pull together to get a task done
Financial
Use financial analysis, data trends and market information to anticipate needs, identify operating/financial issues, and recommend actions to maximise financial return
Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost saving and productivity opportunities for department heads
Ensure all accounts are reconciled on a monthly basis and oversee the process of credit extension and collection of overdue accounts
Review rates and recommend rate strategy to the General Manager; participate in sales strategy meetings
Manage accounts payable to balance cash flow and reputation with suppliers
Analyse ROI for capital projects prior to committing funds and, upon completion, determine if anticipated results were achieved
Maximise cash flow performance of the hotel through controls on inventory (avoid excessive supply), credit and collection, disbursements, deposits and remittances
Guest Experience
Help guests - you ll be happy to help if someone needs assistance with a request or complaint
Ensure accounting practices, support the guest experience through payment options (e.g. credit card systems, room charges), inventory controls and financial dispute resolution
Accountabilities
This is the top Accounting job in a large, luxury, or resort hotel. Typically supervises clerical accounting employees in a full range of functions such as Accounts Payable, Accounts Receivable, Credit/Collections, Purchasing, Audit, Payroll, and/or Accounting Operations
What we need from you
Bachelor s degree / higher education qualification / equivalent in Accounting and Finance
4-8 years experience 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
Knowledge of accounting management duties e.g. negotiating hotel space and tenant leases; processing payroll; performing asset management duties; providing business projections, displacement analysis, preparing government reports, filing tax returns etc
Professional accounting or finance designation or certification preferred.
Must speak local language(s). Other languages preferred
How do I deliver this?
We genuinely care about people and we show this through living out our promise of True Hospitality each and every day. It s what connects every colleague in all IHG hotels.
Each IHG hotel brand delivers True Hospitality in their own way, and at the heart of it all are specific, core service skills.
- True Attitude: being caring, wanting to make a positive difference, and building genuine connections with guests
- True Confidence : having the knowledge and skills to perform your role, and giving guests the confidence that they can trust you, to help and support them during their stay
- True Listening : focusing on what your guest is saying, picking up on body language that is often overlooked, and understanding what the guest wants and needs
- True Responsiveness : is about providing guests with what they need, and doing so in a timely and caring manner
There s so much more to the job than we can capture here. It s simply about creating great experiences, doing the right thing and understanding people.
What we offer
We ll reward all your hard work with a great work environment and benefits - including but not limited to F&B Discount, IHG Employee Rate, Hotel Uniform, Meal at Employee Restaurant, excellent development, and advancement opportunities across the globe.
Employment Type: Full Time, Permanent
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What people at Ihg Group are saying
Director Finance salary at Ihg Group
reported by
2
employees
with 16
years exp.
₹20.5
L/yr - ₹26.2
L/yr
57%
less
than the average Director Finance Salary in India
View more details
What Ihg Group employees are saying about work life
based on 563 employees
Flexible timing
Monday to Friday
No travel
Day Shift
Ihg Group Benefits
View more benefits
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