A hotel development company in Abuja that offers full service hotel development, management, franchise services , and a wide variety of services specifically designed for hospitality projects is looking to fill the role of a financial manager.
Reports To: Ownership Company CEO, Owners Representative
The Financial Manager will analyze every day financial activities and subsequently provide advice and guidance to upper management on future financial plans. The finance manager should manage funds in such a manner as to maximize return on investment while minimizing risk, and while also ensuring that an adequate control structure is in place over the transfer and investment of funds. Further, the finance manager engages in financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance
To perform this job successfully, the individual must be able to perform each essential duty and responsibility in a safe and satisfactory manner, and the individual must be punctual and have a good attendance record, and have reliable means of transportation to work. The requirements listed below are representative of the knowledge, skill, and/or ability required.
- Maintain a documented system of accounting policies and procedures
- Manage outsourced functions
- Oversee the operations of the finance department, including the design of an organizational structure adequate for achieving the department's goals and objectives
- Performs each criteria as contained in the “Financial Manager’s Standard Operating Procedures” in a satisfactory manner.
- Performs each criteria as contained in the “Financial Manager’s Standard of Performance” in a satisfactory manner.
- Monitors the performance of the company through verification and analysis of financial reports. Initiates corrective action.
- Providing and interpreting financial information
- Monitoring and interpreting cash flows and predicting future trends
- Formulating strategic and long-term business plans
- Researching and reporting on factors influencing business performance
- Analyzing competitors and market trends
- Developing financial management mechanisms that minimize financial risk
- Conducting reviews and evaluations for cost-reduction opportunities
- Managing a company's financial accounting, monitoring and reporting systems
- Liaising with auditors to ensure annual monitoring is carried out
- Developing external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and statutory organizations such as the Inland Revenue
- producing accurate financial reports to specific deadlines
- Managing budgets
- Arranging new sources of finance for a company's debt facilities
- Supervising staff
- Keeping abreast of changes in financial regulations and legislation.
- Prepares financial reports for management that clearly explain operational effectiveness, trends and variances.
- Implements and maintains effective open-door communication system that crosses departmental lines in order to reach all employees.
- Understands the government regulations affecting hotel’s operations, ensuring hotel is operated in compliance with all applicable laws, ordinances, regulations, and requirements of any federal, state or municipal authority.
- Deals with the general public, customers, employees, union and government officials with tact and courtesy.
- Plans and organizes the work of others.
- Accepts full responsibility for managing an activity.
- Other duties may be assigned.
Typically, directly supervises 2 to 30 employees at the hotel, including all department heads.
Indirectly supervises all hotel personnel.
Carries out supervisory responsibilities in accordance with the Company’s policies, training programs, and applicable laws.
Responsibilities include recruiting, interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
Education and/or Experience:
The finance manager candidate should have a Bachelor's degree in finance or accounting, or equivalent business experience and 7+ years of progressively responsible experience for a major company or division of a large corporation. Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations. Excellent communication skills are essential, particularly in regard to presenting the results of analyses to management. Should have an outstanding knowledge of electronic spreadsheets.
Requires an occupationally-significant combination of vocational education, apprentice training, on-the-job training, and essential experience and management positions.
A CFA,ACCA, or ICAN designation is preferred.
- Financial Managers must have developed language skills to the point to be able to:
- Read and interpret documents in English such as safety rules, operating and maintenance instructions, and procedure manuals, newspapers, periodicals, journals, and manuals.
- Write routine reports, correspondence, business letters, summaries, and reports in English using prescribed format, and conforming to all rules of punctuation, grammar, diction, and style.
- Ability to speak effectively in English before groups such as customers or employees.
- Financial Managers must have sufficient computer skills that will allow them to be able to use, in a proficient manner, all Company-issued software programs implemented at the hotel, including but not limited to the following:
- Microsoft Word
- Microsoft Excel
- Yield Management Systems programs
- ERP Systems (Sage, Odoo, SAP, Tally) programs
- Payroll programs
- Company-issued internet browser programs
- Company-issued electronic mail programs
- Apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
- Use mathematical skills to interpret financial information and prepare budgets.
- Read and interpret business records and statistical reports.
- Make business decisions based on production reports and similar facts, as well as on your own experience and personal opinions.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. While performing the duties of this job, the employee is regularly required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; stoop, kneel, crouch, or crawl; and talk or hear. The employee must regularly lift and/or move up to 10 pounds and frequently lift and/or move up to 25 pounds. The employee must be able to see differences in widths and lengths of lines such as those on graphs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Environmental Conditions: Inside: Protection from weather conditions but not necessarily from temperature changes. A job is considered "inside" if the worker spends approximately 75 percent or more of the time inside.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Must be able to work effectively in a stressful environment, communicate well with others, effectively deal with guests, and accept constructive criticism from supervisors.
Must be able to change activity frequently and cope with interruptions.
Essential functions of this job are described under the headings above.
The job requirements and features are subject to change from time to time due to the then-current needs and requirements of the Company and/or the hotel.