[{{ $ctrl._job.status.name | translate}}] Director of Finance - Jumeirah Hangzhou Hotel (Pre-Opening)
Jumeirah Group

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Description du poste

About Jumeirah & the hotel

At Jumeirah, we are committed to encouraging and developing our colleagues in world class environments. We value diversity and provide equal opportunities, employing over 14,000 colleagues from over 140 different countries including locations in Asia Pacific, CIS, Central Asia, Western and Eastern Europe, South America, Africa and the Middle East.

We want you to do well from the beginning, so we’ll give you every chance to impress during the recruitment process. We promise our colleagues a warm welcome and will help you feel part of our Jumeirah family from day one. You can rely on us to support you as you settle into your journey with us and make Jumeirah ‘Your Place to Shine’. 

Five-star luxury Jumeirah Hangzhou Hotel & Serviced Apartments will be in the Central Business District of Qianjiang River New Town.
 
About the job
 
An opportunity has arisen for a Director of Finance to join the Finance team in Jumeirah Hangzhou Hotel.

The main duties and responsibilities of this role:

Pre-Opening
• Prepare and be involved in the control of all aspects of the Pre-Opening Budgets, Operating Equipment Purchases and other Pre-Opening Finance and Business related activities as may be necessary.
• Maintain a monthly reconciliation with owners on the pre-opening budget and confirm full closing balance within 90 days after the opening.
• Regularly report to regional office the progress and update on the opening critical path and ensure a success opening by completing 100% of pre-opening plan.
• Establish and build a strong professional relationship with owners and their representatives.
• Select and hire finance colleagues.
• Coordinate and plan with IT department system setup, implementation and trainings.
• Understand the full term of the management agreement and ensure compliance with all key clauses.
• Prepare cash flow projection and working capital requirements for first 3 months of trading.
• Prepare first year of operation budget.
Financial and Management Accounting Responsibilities
• Managing the accounting records, financial reports and oversee the issuance of SBUs financial reporting.
• Ensure that the books, records and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.
• Ensure general ledger posting are in compliance with uniformed system of accounting for lodging industry.
• Establish a strong cash management controls, prepare monthly cash flow forecast, and recommend actions accordingly.
• Ensure all balance sheet accounts are fully reconciled on a monthly basis and discrepancies are immediately identified and corrected.
• To oversee the Finance and Accounting department in the hotel, and ensure its smooth running so that all financial and management reports are accurate and available by their due dates.
• Generate and discuss with relevant parties special operation analysis reports with an objective of minimizing variances versus budget and prior year, flow through analysis, outlet menu engineering, profit margin analysis, manning structure and payroll cost, etc.
• Establish and recommend to management major financial objectives for hotel.
• Direct preparation of annual budgets and monthly forecasts; establish and/or recommend to management major economic objectives and policies for hotel.
• Draft and maintain accurate yearly financial statements, in accordance with International Financial Reporting Standards.
• Generate and discuss with relevant parties special operation analysis reports with a strategic objective of minimizing the variance: performance versus budget and versus prior year, flow through analysis, outlet menu engineering, profit margin analysis, manning structure and payroll cost, etc…
Strategic Planning and Business Support
• Develops SBU finance strategies by contributing financial and accounting information, analysis, and recommendations to strategic direction; establishing functional objectives in line with organizational objectives.
• Prepare a 5 year capital budget plan and 5 year operation projections.
• Prepare and present return on investment evaluation for capital development projects when needed.
• Maximizes return on invested funds by identifying investment opportunities; maintaining relationships with asset management.
Communication and Relationship
• Establish a professional and strong relationship with owner and asset managers.
• Report monthly to regional, corporate and asset management group on the property financial performance.
• Work closely with the General Manager and Executive committee of the property and act as a business advisor and risk advocate.
• Work closely with regional team and corporate on any specific requirement.
• To maintain close communication with third parties such as the public auditors, external auditors, and local authorities.
• Provide training in hotels to enhance the financial skills of the Management Team as a whole. You should be the "coach" to both the Hotel Finance teams and non-Financial Managers.
• Set individual development plan for each individual colleague and strive for their future development.
• Work on special assignment set by regional or corporate team and meet specific deadline set by the group.
• Manage the coordination with the finance shared service based on agreed SLA. (Applicable in a shared service environment.
Rish, Audit and Compliance Responsibilities
• Ensure compliance with company finance directives and delegation of authority.
• Ensure that the company complies with all legal and local regulatory requirements
• Coordinate with Internal Audit on compliance according to company financial policies, governance, risks and fraud.
• Comply with the company’s ethic code of conduct and report any variation. 
• Coordinate with government authorities for tax compliance.
• Monitor any legal issues involving the property and report to owner and corporate office accordingly.
• To devise and maintain a system of internal accounting control sufficient to ensure that transactions are executed in accordance with Management’s general and specific authorization and in compliance with generally accepted accounting principles and specific country legislation.
• Maintain relations with external auditors and investigate their findings and recommendations.
• To review and certify any hotel internal or external financial reporting before distribution.
• Mitigate any key risk on the asset and the company IP in general.
• Conduct monthly performance reviews with HODs and establish a combined action plan.
• To regularly organise credit meetings with the participation of the General Manager and all concerned Heads of Department where all debtors’ balances are analyzed.
Others
• Ensure the right person in the right role, in an environment of continuous development.
• Implement and create best practices that could be shared with Finance Leadership Committee.
• Complete ad hoc requests when required.

About you


The ideal candidate for this position will have the following experience and qualifications:

• Bachelor's degree in Commerce/Business/Accounting or Professional accreditation e.g. ACA, ACCA, CPA, CIMA, CMA
• Minimum of 4 years experience in a similar role in a 5* luxury brand
• Proficiency in computer software systems such as MS Office and knowledge of Opera, Micros, Sun, and Hyperion
• Accuracy & attention to detail
• Excellent verbal and written English language skills

About the Benefits

Besides generous F&B benefits and reduced hotel rates across our hotels globally, this role has excellent employee benefits making the role attractive to high performers and any applicant who like to associate her/himself with one of the most luxurious brand in the hospitality industry.

Profil recherché

See description

Contrat
Temps plein
Lieu
Chine
Département
Autre
Langues
Anglais
Début
Dès que possible
Durée du contrat
Indéfini

Jumeirah Group

JUMEIRAH™ Hotels & Resorts are regarded as among the most luxurious and innovative in the world and have won numerous international travel and tourism awards.

The company was founded in 1997 and currently operates 20 hotels in 7 countries. Jumeirah’s promise of STAY DIFFERENT™ delivers imaginative and exhilarating experiences in culturally connected environments offering a thoughtful and generous service.

In line with this promise, the individuality of the Jumeirah portfolio is unmistakable, encompassing Jumeirah at Etihad Towers in Abu Dhabi; the world renowned Burj Al Arab Jumeirah, the world’s most luxurious hotel and recognised as the symbol of Dubai, Jumeirah Beach Hotel, Jumeirah Creekside Hotel, Jumeirah Emirates Towers, Jumeirah Zabeel Saray and Madinat Jumeirah in Dubai; Jumeirah Messilah Beach Hotel & Spa in Kuwait; Jumeirah Dhevanafushi and Jumeirah Vittaveli in the Maldives; Jumeirah Himalayas Hotel in Shanghai; Jumeirah Frankfurt in Germany; Jumeirah Port Soller Hotel & Spa in Mallorca, Spain; as well as Jumeirah Carlton Tower and Jumeirah Lowndes Hotel in London.

Jumeirah Group also manages two five-star luxury serviced residences: Jumeirah Living World Trade Centre in Dubai and Grosvenor House Suites by Jumeirah Living in London; Talise, our spa brand; Jumeirah Restaurants, our restaurant division; the thrilling Wild Wadi Waterpark; and the Emirates Academy of Hospitality Management.

Whenever you stay with us or use any of our services, our aim is for you to come away with a sense of the Jumeirah spirit - a genuinely caring and personal service. In our own words, to STAY DIFFERENT™.

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