Director of Finance & Business Support – Holiday Inn Atrium Singapore
At IHG, everyone has room to be themselves. So what’s your passion? Whether you’re into Skating, Swimming or Soccer, at IHG, we’re interested in YOU! We love people who apply the same amount of care and passion to their jobs as they do their hobbies – people who help us create Great Hotels Guests Love.
Holiday Inn Atrium Singapore is a spectacular 27 storey atrium style hotel strategically located at the crossroad of Outram and Havelock Road. It is just a short drive from Shenton Way financial centre, fascinating Chinatown and the fashionable Orchard Road shopping belt. Across from the hotel is the island’s renowned Singapore River where entertainment spots bring vibrancy to the nightlife at Clarke Quay and Boat Quay.
The Holiday Inn Atrium Singapore with 3 Food & Beverage outlets serving local and oriental delights, mainly Melting Pot Cafe which has a style reminiscent of the coffee shops of old Singapore, all day dinning featuring an extensive daily buffet for breakfast, lunch and dinner, a la carte options offers the best of Western and Local Asian delights; Xin Cuisine Chinese Restaurant is famous for it authentic cantonese cuisine, dim sum specialities and fresh seafood presented by its team of Hong Kong chefs; Lobby Lounge is a relaxed hangout joint for house guest and patrons.
In line with the upcoming Holiday Inn Rebranding, we have excellent opportunity for a Director of Finance & Business Support to join our team! The Director of Finance & Business Support will be reporting to the General Manager and Regional Director of Finance & Business Support. The Director of Finance & Business Support is responsible for the supervision of all members of the Accounting Department, providing functional guidance to Executive Committee and Department Heads. Interacting with hotel’s legal counsel, insurance companies, tax consultants, auditors, commercial and government banks to effectively control the assets of the business and to provide business support.
Director of Finance & Business Support
Responsibilities:
* Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s
* Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances
* Ensure excess cash is managed to maximize earning potential
* Prepares outlooks for forthcoming months and forecasts for the remainder of the year
* Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget
* Prepare consolidated quarterly position assessments for the General Manager
* Distributes outlook and forecast information as an up to date management tool for operating departments
* Implement and review financial controls and policies
* Communicate with Hotel Owners
* Analyse financial and management reports
* Design internal reporting systems required by the department and hotel
* Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures
* Employ adequate internal control procedures to ensure correct authorization for payment procedures
* Manage internal and external audits
* Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance
* Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
* Identifies staff with potential for promotion and/or transfer within Accounting operation
* Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations
* Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
* Follows up on all capital expenditures to ensure compliance with original justification and approval
* Participates in local recognized professional and industry organizations
* Recommends and maintains appropriate list of delegation of authority for hotel management
* Conducts monthly inspections and tests to ensure all departments are complying with required procedures
* Performs those duties required by the controls checklist issued by IHG Regional Director of Finance and Business Support / Area V.P. Finance
* Reviews prices and recommends pricing strategy to the General Manager
* Implements and maintains acceptable accounting practices and procedures as required by InterContinental Hotels Group Policy, generally accepted accounting practices, and as affected by local conditions
* Select and monitor the Local Banking arrangements made for the operation of the Hotel in conjunction with the Hotel Owners
* Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items
* Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s
* Ensure payments are made to IHG (All Fees and billings) as fast as possible
Requirements:
* A degree in Accountancy with at least 2 years’ experience in similar capacity
* Possess strong leadership qualities and a strong drive to excel in the role
* Experience in managing a large Finance team
* Team player with a good interpersonal skill
So what’s your passion? Tell us more about yourself by sending your detailed resume with your photograph to careers@hiatrium.com




