Snr Finance Manager At Ozo Penang

Our client  ?"Ozo Penang" is seeking a Snr Finance Manager to join their company!   What you'll be doing? Overall management of the accounting records and financial reports of the hotels under area responsibility ensuring compliance with company, owner, statutory and fiscal requirements and timetables.Ensure that the balance sheet is a fair reflection of the assets and liabilities of the hotel. The balance sheet must be regularly reviewed and reconciliations performed of all accounts.Ensure compliance with the management agreement with ONYX, and any Owner / Lease agreement.Maintain a focused system of internal controls, which will provide an effective and efficient control over the hotel assets,licences,  liabilities, revenue and costs. Ensure compliance with company policy.Ensure legal and tax compliance and that adequate insurance cover is maintained. Manage the pension scheme, where applicable, ensuring that adequate accounting, actuarial and legal controls are in place.Ensure valid permits and licenses have been obtained and extended as appropriate for such matters as importation, currency transfers and hotel operations (bars, clubs, casinos etc.). Take responsibility for the safekeeping and updating of all leases, licences and contracts, which may affect the financial status of the hotel.Liaise and co-operate with both Internal and External Audit. Ensure that an effective programme of in-hotel audit is in place and that corrective action is promptly taken where required. Give particular emphasis to ensuring that all revenue is captured. Make use of a monthly control checklist.  Conducts interim self-audits as required.Develop best practice financial accounting and control procedures. Financial reporting and control to be an area of continuous review and development with the aim of maximizing both impact and efficiency.Develop high quality management information and performance measurement that is timely, accurate. Reporting should be thought provoking and action oriented.Implement reporting that incorporates benchmarking, identification and measurement of key performance indicators, and use of the balanced scorecard. Reporting should not only look to historical performance within the hotel, but also outwards and forwards.Ensures corporate reporting is timely and accurate.  Ensures that all corporate reporting is internally consistent and that, inter alia, Datalink report, HLBFS Report, management reports, trends of operation reports, incremental conversion reports, profit and loss statements, balance sheets and cash flow reports reconcile to the trial balance.  Maintains proof of such reconciliations which are conducted each month.Support and advice on financial and commercial matters to the General Manager and to the hotel team, including the interpretation of financial data.Review management information for the hotel and make proposals for the General Manager for value added initiatives. Where appropriate, play the "Devil's Advocate" to challenge practices and proposals.Provide financial and commercial skills to support business development initiatives, major pricing decisions and other commercial decision-making. Take a support role to the General Manager in hotel strategic planning. Particular emphasis on Master-Planning and "thinking outside the box" to identify value opportunities.Manage the formulation, review and approval process for budgeting within the hotel.Ensure a regular cycle of forecasting takes place within the hotel with content and detail appropriate to the needs of the operation.Provides alerts to senior management and to Corporate office via regular forecasts, outlook reports or via ad hoc reporting concerning positive or negative trends in the business.  Works with colleagues and General Manager to ensure consistency and accuracy of communication regarding future trends in the business.  AVOIDS SURPRISES.Recruit and retain the best people for the job, especially at Manager and Assistant Manager level. Make use of succession planning to develop and replace individuals effectively. Establish and maintain good employee relations within the Finance Department. Aim to maximize efficiency in the accounting department. We should aim for optimum staffing levels - in many cases this is not the case now. Recognize that a highly organized Accounts Office is often a sign of an efficient department.Develop the effectiveness of the hotel finance function through the ongoing training and development of the team. Lead and motivate the team to high levels of performance.Ensure you manage to specific measurable objectives. Give regular feedback including appraisals.Provide training to enhance the financial skills of the Management Team as a whole.  Minimize the level of working capital, with particular emphasis on the management of debtors, stocks and sundry receivables. Maximize interest earnings and minimize interest expense.Maintain accurate cash flow forecasts for at least one year ahead, and ensure adequate notice is given to ONYX, and to Owners, of any future cash requirements.Ensure full reconciliation of all bank accounts on a weekly basis. The highest standards of control must be maintained over all cash and bank balances at all times.The role of the Director of Finance is to establish robust credit control and credit management policies with the General Manager within the guidelines set out by Group policy and following best practice principles.It is the responsibility of the Director of Finance to ensure that controls over accounts receivable are being applied correctly and to take action to rectify any problems identified if they are not.It is the responsibility of the Director of Finance to maintain an appropriate reserve for bad or doubtful debts.Understand and measure cost drivers for the hotel. Utilize innovative analysis to stimulate thought and management action.Ensure that adequate purchasing procedures are in operation so that purchases of goods and services are made in the most cost-effective manner.Benchmark costs against other hotels. Identify cost reduction opportunities. Manage financial risks of the business.Set an example to the hotel by operating an efficient and cost effective finance department.The Director of Finance has a direct responsibility to the General Manager of the hotel combined with a responsibility to the Group Head of Finance for the maintenance of professional standards. The Director of Finance has unlimited rights of access to all financial figures and facts of the hotels under his/her responsibility.. The Director of Finance exercising reasonable tact may visit any department to ask questions and make any study in fulfillment of his/her duties.  The General Manager must consult the Group Head of Finance over the completion of any appraisal or Personal Development Review for the Director of Finance.. 
  Who?are?they?looking?for? Candidate must possess at least Diploma/Advanced/Higher/Graduate Diploma, Bachelor's Degree/Post Graduate Diploma/Professional Degree in Business Studies/Administration/Management.Required language(s): English, Mandarin, Bahasa Malaysia Position will be offered based on experiences Candidates MUST with 7 years experiences. Outstanding communication skills & responsible 
  Working Hour: 5 days work week
Ready to join this role? Apply now to submit your resume with date of availability and expected salary to us! All information received will be kept in strict confidence and will be treated only for employment-related purposes.