Area Director of Finance

Position: Area Finance Director

Location: London

Salary: £100k+

Responsibilities

Responsible for the administration and direction in all areas of accounting and finance which includes the preparation of financial reports, credit control, purchasing, data management, food and beverage cost controls and the coordination of all accounting activities.

The Area Director of Finance is responsible for overseeing, directing and administering all financial operations of operating hotels in the UK with continuing efforts to deliver outstanding guest service and financial profitability. Specifically, the individual would be responsible for performing the following tasks to the highest standards:

Operations:

Direct and administer all financial operations of hotel operations to include, but not limited to, asset protection, financial reporting, systems management, hotel-wide budget and forecasting, department management, and meeting participation and facilitation.

• Ensure compliance with all Accounting Principles and Audits
• Serve as financial advisor to hotel management
• Monitor and approve all sales, purchases, salaries and expenses of the hotel
• Assist and counsel department heads in the interpretation and analysis of financial data, recommending courses of action to maximize hotel profitability
• Prepare annual plan, projections and budgets
• Monitor and develop the finance team members' performance to include, but not limited to, providing supervision and professional development
• Recruit, interview and train the Finance team members
• Be responsible for all HMRC-related activities such as Corporation tax, PAYE, VAT and others
• Manage the external audit function and ensure that the annual audit process and semi-annual review process are completed on a timely basis
• Develop relationships with existing and potential lenders in the UK and assist in the procurement of new loans as well as manage existing loan reporting/covenants, etc.
• Conduct internal audit as required
• Liaise with other group companies to manage inter-group tasks and responsibilities, including but not limited to capital markets and M&A transactions (i.e. financial due diligence)
• Responsible for Procurement and all approval

New Hotels and Management of the pre-opening phase

• Manage critical path leading to the new hotel opening
• Develop and execute pre-opening budgets
• Coordinate with hotel project teams to ensure that appropriate processes are in place for smooth hotel openings
• Work on due diligence of future projects with the Company CFO and Head of Operations for Europe

Information Technology

The IT function in the UK has been outsourced to an IT partner.

Education & Experience

• Qualified Chartered Accountant
• At least 10 years of relevant experience