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Director Of Finance Jobs
Company | Hilton |
Address | Kota Tangerang, Indonesia |
Employment type | FULL_TIME |
Salary | |
Category | Pariwisata dan Perhotelan |
Expires | 2023-10-13 |
Posted at | 7 months ago |
With thousands of hotels in over 100 countries and territories, Hilton offers countless opportunities to delight. From an open door to a welcoming smile and an exceptional experience, we offer the millions of travellers who stay with us every year a welcome they will never forget. In addition to our flagship brand, Hilton Hotels & Resorts, the family of brands includes Waldorf Astoria, LXR, Conrad, Canopy, Curio Collection, DoubleTree, Hilton Garden Inn, Hampton and many others.
- Where applicable the above must include the accounts for Hilton International’s branch or subsidiary.
- Develop best practice financial accounting and control procedures, with continuous review and development with the aim of maximizing both impact and efficiency.
- Maintain control over the hotel’s assets, liabilities, income and expenditure on behalf of both the Operator and Owner and provide management, leadership and accountability for the financial performance of the hotel.
- Ensure valid permits and licenses have been obtained for such matters as importation, currency transfers and hotel operations (bars, clubs, casinos etc.).
- Give particular emphasis to ensuring that all revenue is captured, making use of a monthly control checklist and conduct interim self-audits as required.
- Liaise and co-operate with both Internal and External Audit, ensuring that an effective programme of in-hotel audit is in place and that corrective action is promptly taken where required.
- Take responsibility for the safekeeping and updating of all leases and contracts, which may affect the financial status of the hotel.
- 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 legal and tax compliance and that adequate insurance cover is maintained managing the pension scheme, where applicable, ensuring that adequate accounting, actuarial and legal controls are in place.
- Ensure compliance with the Management agreement with Hilton International, and any Owner / Lease agreement.
- Overall management of the accounting records and financial reports of the hotel ensuring compliance with company, owner, statutory and fiscal requirements and timetables.
- Maintain a focused system of internal controls, which will provide an effective and efficient control over the hotel assets, liabilities, revenue and costs, ensuring compliance with company policy.
- 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 outward and forward.
- Develop high quality management information and performance measurement that is timely and accurate. Reporting should be thought provoking and action oriented.
- Ensure corporate reporting is timely and accurate, internally consistent and that, inter alia, Datalink report, Pro-plant system, management reports, trends of operation reports, incremental conversion reports, profit and loss statements, balance sheets and cash flow reports reconcile to the trial balance. Maintain 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.
- With the ISM ensure proper use and maintenance of financial systems, including adequate security and back up procedures.
- Act as the guardian of the integrity of data flowing into the accounting system, ensuring that the control process is sound in systems that interface directly or indirectly with the accounting system.
- Work with colleagues to ensure that errors are corrected at source and processes amended as required to eliminate rather than correct errors.
- Continually develop the usage of financial systems in order to ensure highest levels of management reporting, processing and staffing efficiency and thereby return on investment.
- With Project Managers, support the implementation of financial systems in the hotel.
- Perform post investment audit on major capital investments, communicating results of post investment reviews within the Management team and ensures actions are taken to learn from such results and maximize returns.
- Prepare annual capital plan and direct implementation of this plan, ensuring funding and necessary buying (e.g. Owners) are in place so that the note can be kept at the highest possible standard.
- Ensure compliance with HI capital policy, maintaining proper control and recording of project spends.
- Where applicable, prepare review and be involved in the production of financials for new developments and acquisitions.
- Prepare and review the AFE, ensuring financial accuracy and sound commercial and business judgment is applied to the process, and that authorization is obtained prior to commitment of the hotel to expenditure.
- Utilize project evaluation techniques to assist in directing investment to those projects which optimize returns both for the individual project and the enterprise as a whole.
- 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 Area Office via regular forecasts, outlook reports or via ad-hoc reporting concerning positive or negative trends in the business.
- Work with colleagues and the General Manager to ensure consistency and accuracy of communication regarding future trends in the business. Avoid surprises.
- Take a support role to the General Manager in hotel strategic planning, with 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.
- Develop the effectiveness of the hotel finance function through the ongoing training and development of the team.
- Recognize that a highly organized Accounts office is often a sign of an efficient department.
- Ensure that you manage to specific measurable objectives, giving regular feedback including appraisals.
- Both the Director of Finance and Assistant Financial Controller should have a personal development plan.
- Aim to maximize efficiency in the accounting department and optimum staffing levels.
- Establish and maintain good employee relations within the Finance department.
- Recruit and retain the best people for the job, especially at Assistant Controller level, making use of succession planning to develop and replace individuals effectively.
- Provide training to enhance the financial skills of the Management Team as a whole, utilizing tools such as Hilton University and Hilton LEXUE.
- Lead and motivate the team to high levels of performance.
- Maximize interest earnings and minimize interest expense.
- Minimize the level of working capital, with particular emphasis on the management of debtors, stocks and sundry receivables.
- It is the responsibility of the Director of Finance to maintain an appropriate reserve for bad or doubtful debts.
- Maintain accurate cash flow forecasts for at least one year ahead, and ensure adequate notice is given to Hilton, and to Owners, of any future cash requirements.
- The Director of Finance must review all accounts receivables with the Commercial Director on a monthly basis and ensure that there are no recoverability issues.
- Ensure full reconciliation of all bank accounts on a weekly basis, maintaining the highest standards of control over all cash and bank balances at all times.
- 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.
- The role of the Director of Finance is to establish robust credit control and credit management policies with the General Manager and the Commercial Director within the guidelines set out by Group Policy and following best practice principles – once established, the Director of Business Development applies such policies and controls.
- Set an example to the hotel by operating an efficient and cost-effective Finance department.
- Understand and measure cost drivers for the hotel, utilizing innovative analysis to stimulate thought and management action.
- Benchmark costs against other hotels, identifying cost reduction opportunities and managing financial risks of the business.
- Ensure that adequate purchasing procedures are in operation so that purchases of goods and services are made in the most cost-effective manner.
- No changes to the remuneration package of any Director of Finance (or Assistant Controller) may be made without the written approval of the Regional Finance Director / Area VP Finance.
- The Director of Finance has unlimited rights of access to all financial figures and facts of the operation.
- The Director of Finance has a direct responsibility to the General Manager of the hotel combined with a responsibility to the Regional Finance Director for the maintenance of professional standards.
- Any bonus scheme for the Director of Finance must be agreed with the Regional Finance Director / Area VP Finance in advance.
- The appointment dismissal and transfer of the Director of Finance is made by the Regional Finance Director / Area VP Finance in consultation with the hotel General Manager.
- In the rare event that this dual responsibility gives rise to a conflict, the matter must be referred to the Regional Ops VP and the Regional Finance Director for guidance.
- The Director of Finance exercising reasonable tact may visit any department to ask questions and make any study in fulfilment of his / her duties.
- The General Manager must consult the Regional Finance Director / Area VP Finance over the completion of any appraisal or Personal Development Review for the Director of Finance.
- 5 year in hotel accounting with at least 2 years in similar position with an international hotel.
- University qualification and above.
- Proficient in Microsoft Windows, Word, Excel and PowerPoint.
- Fluent in oral and written English to meet business needs.
- Possess system skills in OnQ, Check SCM, SUN, OPERA / OnQ PMS, MICROS, HRLINK,
- Finance / Accounting major and certified, e.g. ACCA/ CPA.
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