JOB DESCRIPTION
Job Title: Finance Manager (Hospitality / Restaurants Division)
Department : Finance
Reports to: Group Finance Officer / Chairman Location: Dubai
Position Profile / Job Purpose
To ensure the Hospitality Divisions financial goals and objectives are achieved by ensuring that all accounting and control procedures are in place in accordance with company policy and local requirements and regulations. Analyze financial information, prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
Skills:
Must possess business leadership, Microsoft Office application literacy, cross-cultural work environments exposure, critical problem analysis/resolution skills. Experience in managing the entire finance function for a multiple of outlets and diverse businesses within the hospitality division including managing relationships with jv partners. Knowledge and experience in the purchasing and productions process and is equally versed in IFRS for hospitality. Knowledge and previous experience with Fidelio, Opera, Material Control, Sun Systems, Micros, SAP and Microsoft Excel software applications.
Key Responsibilities:
To ensure all the Group policies and procedures are implemented properly, communicated to all staff, monitored regularly, adhered too in all instances and rolled out to any new employee.
Where a policy or procedure is required but not yet developed, to develop such policy in the required format, obtain the necessary approvals and implement.
To implement financial controls in the businesses which prevent misuse and misappropriation of funds or assets and inefficient cost control.
Serve as a key member of the senior management team to develop operational and strategic business plans, forecasts and feasibility studies.
Preparation of reports daily, weekly and monthly which include but are not limited to sales analysis, food and beverages cost reports, monthly management accounts.
Preparation of annual budgets per business unit with quarterly updated rolling forecasts.
Preparation and presentation of monthly Business Review Pack.
Submission of a monthly Financial Managers report summarizing the performance of the businesses under your control, which includes a P&L, variance analysis against budget and forecast, balance sheet and cash flow, focus areas for the next month, control weaknesses and corrective actions.
Management and control of all banking related transactions within the Hospitality Division.
Daily cash flow monitoring and management which includes the management of payables.
Monthly balance sheet reconciliations review and authorize.
Preparation of accounts must be in line with IFRS.
Overseeing and control of the purchasing department ensuring the right item is purchased at the most competitive price.
Monitor supplier/customer agreements regarding respective revenue and cost associated with them.
Use industry experience and initiative to identify areas for cost cutting and/or revenue improvement.
Ensure all businesses and assets under your control are at all times properly insured through a reputable insurance company, claims are processed timely with appropriate.
Risk management of assets, currency, credit and liquidity.
Ensure that all IT systems are being used in accordance with the business requirements and proper segregation of duties is implemented. Systems in the Hospitality division currently include, Oasys, FMC, Micros, Sun Financials and Respack.
Manage and coordinate internal and external audits.
Strive to build a team culture by working together with the respective business and department heads in support of their strategies to achieve the business plan.
Oversee the payroll preparation of the Hospitality Division.
Serve as advisor to key management regarding strategic projects and operational requirements.
Provide leadership to your finance team members and strive to be industry leading in terms of accuracy, quality, timings, execution and delivery.
Developing and monitoring KPIs and KPAs for the finance staff.
Foster a performance driven environment with quarterly staff performance reviews, identifying training needs and mentoring/coaching staff.
Be familiar with the labour law and HR practices in the business and industry.
Candidate Profile
Between 25 – 35 years of age
An energetic, motivated individual with aspirations of obtaining international financial management experience
Able to show some entrepreneurial initiatives
Comfortable in communicating up to Chairman level
5 years hospitality industry related experience, with specific experience in F&B outlets, restaurants, fine dining.
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https://www.naukrigulf.com/finance-manager-jobs-in-dubai-united-arab-emirates-in-client-of-rs-executive-5-to-6-years-jid-170717500063