Director of Finance

Director of Finance

Application Deadline: 31 July 2024

Department: Finance & Procurement

Employment Type: Permanent - Full Time

Location: China - Suzhou

Description
To provide timely and accurate information and work together with the executive team in order for the hotel to run profitably and within the legal and corporate guidelines to maximize the use of the resources available and maintain a control over revenues and costs and help ensure that the hotel objectives are met. 

The job of Financial Controller / Director of Finance is executed satisfactorily when:

• All local and corporate guidelines and deadlines are met.
  
  
• High forecast accuracy is achieved consistently.
  
  
• Senior Management is provided with timely and accurate financial information.
  
  
• Hotel fully operates under the terms of the Management Agreement.
  
  
• Insurances are up to date and in compliance with local and corporate regulations.
  
  

At Kempinski, Talent Development is a management responsibility and consequently an integral and important part of our Managers’ daily activities. 

The Financial Controller / Director of Finance fulfils their role as a Talent Development Ambassador when:

• They actively support and implement Talent Development initiatives as a part of their daily activities.

• They identify Training talents in their department and throughout the hotels as per below definition* and actively support their career development.

• They support and initiate transfer, cross exposure and task force assignments for their team.

• They personally conduct TTTTs with their team on a regular basis and take personal interest for their talents’ development plans.

• They recruit and select potential talent according to the Company’s current and future hotel, regional and worldwide needs including conducting interviews for positions in their department and their region.

*A Hotel Talent is an employee, who has the ability to do the current job in their hotel and can be promoted to the next level. Mobility is what makes this person a Kempinski Talent.

Key Responsibilities

• Responsible for following and understanding all Kempinski Policies & Procedures.
  
  
• Responsible for behaving in a professional and harmonious manner and following the Kempinski code of conduct.
  
  
• Responsible for understanding and following the terms of the Management Agreement.
  
  
• Responsible for supporting, mentoring and developing the finance staff.
  
  
• Responsible for supporting and encouraging training of all staff in financial matters.
  
  
• Responsible for developing the annual business plan together with the General Manager and Executive Committee.
  
  
• Responsible for conducting monthly P&L meetings.
  
  
• Responsible for monitoring and controlling all revenues and expenses and making the corresponding recommendations when needed.
  
  
• Responsible for reviewing the cash position of the hotel in order to optimize the use of funds.
  
  
• Responsible for preparing and submitting the quarterly self assessment report.
  
  
• Responsible for preparing and submitting an accurate monthly forecast.
  
  
• Responsible for reviewing and signing the Balance Sheet reconciliations monthly.
  
  
• Responsible for ensuring the preparation of the accurate and timely monthly financial report.
  
  
• Responsible for being the contact for the auditors and act upon recommendations in the audit report.
  
  
• Responsible for continuously searching for new business opportunities to benefit the hotel.
  
  
• Responsible for the control environment within the hotel.
  
  
• Responsible for keeping and safeguarding all contracts, lease agreements, licenses, insurance policies and all legal and financial documents.
  
  
• Responsible for maintaining good relationships with the hotel owners/representatives as well as external partners.
  
  
• Responsible for communicating with the General Manager on any discrepancies or other potential problems.
  
  

Additional responsibilities and tasks can be added at any time according to the needs of the business and of the hotel. 

About Kempinski Hotel Suzhou China

Founded in Germany in 1897, Kempinski Hotels has long reflected the finest traditions of European hospitality. Today, as ever, Kempinski is synonymous with distinctive luxury.

Located in many of the world's most well-known cities and resorts, the Kempinski collection includes hotels in a grand manner, pace-setting modern establishments and older hotels of individual charm. All blend gracefully into their surroundings and offer luxurious accommodation, superb cuisine and unrivalled facilities - complemented by impeccable service.

For leisure and business guests alike, the name Kempinski has long been synonymous with style, mobility and efficiency. Put simply, they are the first choice for the discerning individual.

In addition to operating many of the finest city hotels in the world, Kempinski is a name that can now be found in many exciting resort locations, each combining local flair and ambience with the international standards of service and luxury that Kempinski guests have come to expect.