Job Description
Job Summary:
As the Finance Manager at Gelian Hotel and Semara Hotel in Machakos, Kenya, you will be a key member of our leadership team, responsible for overseeing the financial health and integrity of the hotel. Your role involves financial planning, budgeting, and ensuring compliance with accounting standards to support the overall success of Gelian Hotel.
Duties and Responsibilities:
1. Financial Planning and Analysis:
- Develop and implement financial strategies aligned with the hotel's business goals.
- Conduct financial analysis, forecasting, and budgeting to guide decision-making.
2. Budget Management:
- Prepare and manage the hotel's annual budget in collaboration with department heads.
- Monitor budget variances and implement corrective actions when necessary.
3. Financial Reporting:
- Generate accurate and timely financial reports for senior management and stakeholders.
- Provide insightful analysis and recommendations based on financial performance.
4. Internal Controls:
- Establish and maintain effective internal controls to safeguard the hotel's assets and ensure compliance with financial regulations.
- Conduct regular audits to identify and address any financial risks.
5. Cash Flow Management:
- Monitor and manage cash flow, ensuring liquidity for operational needs.
- Implement strategies to optimize cash utilization and investment.
6. Cost Control and Optimization:
- Analyze cost structures and identify opportunities for cost control and optimization.
- Work with department heads to implement cost-effective measures.
7. Tax Compliance:
- Ensure compliance with local and national tax regulations.
- Coordinate with external tax advisors to optimize tax strategies.
8. Financial Policies and Procedures:
- Develop and maintain financial policies and procedures.
- Ensure that all financial transactions adhere to accounting principles and standards.
9. Forecasting and Risk Management:
- Conduct financial forecasting to identify potential risks and opportunities.
- Implement risk management strategies to mitigate financial exposure.
10. Financial Leadership:
- Provide financial leadership and guidance to department heads and the executive team.
- Collaborate with other departments to align financial strategies with operational goals.
11. Audit Coordination:
- Coordinate external audits and ensure compliance with audit recommendations.
- Address any audit findings and implement corrective actions.
12. Vendor Negotiation and Contracts:
- Negotiate contracts with vendors to ensure favorable terms and pricing.
- Review and manage supplier agreements in collaboration with procurement.