Director of Finance & Business Support
Hotel Brand: InterContinental
Location: Thailand, Phang Na, Chiang Mai
Hotel: Chiang Mai The Mae Ping (CNXWC), 153 Sridonchai Road, Chang Khlan, Mueang, 50100
Job number: 133548
Key Responsibilities:
Financial Management & Reporting:
- Oversee all accounting functions including month-end close, financial reporting, balance sheet reconciliations, and cash flow management.
- Prepare and present monthly financial reports to the General Manager, hotel owners, and corporate office.
- Ensure accuracy, completeness, and timely submission of financial reports in accordance with InterContinental Hotels Group (IHG) standards.
Budgeting & Forecasting:
- Lead the annual budgeting process and monthly/quarterly forecasting, working closely with department heads to ensure realistic and achievable financial targets.
- Monitor financial performance against the budget and forecast, analyzing variances and implementing corrective actions as needed.
Strategic Planning & Business Support:
- Provide financial insights and support to the General Manager and Executive Team in developing and executing strategic initiatives.
- Conduct financial analysis to support decision-making, including ROI analysis, capital investment proposals, and cost-benefit analysis.
Internal Controls & Compliance:
- Ensure robust internal controls are in place to safeguard the hotel's assets and maintain the integrity of financial records.
- Ensure compliance with local laws, tax regulations, and IHG policies and procedures.
- Liaise with external auditors, tax advisors, and regulatory bodies as necessary.
Team Leadership & Development:
- Lead, coach, and mentor the finance team to enhance their skills and performance.
- Foster a culture of continuous improvement, collaboration, and professional growth within the finance department.
- Ensure proper succession planning is in place for key finance roles.
Cash Management & Treasury:
- Manage the hotel’s cash flow to ensure sufficient liquidity for operational needs while optimizing returns on idle cash.
- Oversee banking relationships and ensure effective cash management practices are in place.
Cost Control & Efficiency:
- Implement and monitor cost control measures to optimize profitability.
- Review and approve purchase orders, contracts, and expense reports to ensure they align with the hotel's financial objectives.
Stakeholder Management:
- Act as the primary point of contact for financial matters with hotel owners, corporate office, and external stakeholders.
- Provide regular updates on the hotel’s financial performance and respond to inquiries from stakeholders.
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