Director of Finance and Business Support

Fairmont Baku

Location: AZ - Baku

18/11/16 17:30
Employer
Job Details
Director of Finance and Business Support

As an active member of the Executive Committee, the Director of Finance and Business Support oversees all financial and accounting related activities including budgeting, financial reporting, cash flow management and capital expenditures, and ensures company procedures and policies are being implemented and maintained throughout hotel operations.

Hotel Overview:

Fairmont Baku, part of the iconic Flame Towers complex, will boast 299 superbly appointed guest rooms, 19 serviced apartments, 7 exquisite dining options, over 2,500 square metres (27,000 square feet) of function space and two ballrooms. With all that it offers, Fairmont Baku is soon to be the city’s place for distinguished happenings. Be part of our opening team at the exciting Fairmont Baku!

Summary of Responsibilities:

Reporting to the General Manager, responsibilities and essential job functions include but are not limited to the following:

* Maintain a strong Internal Control environment in the hotels and ensure compliance to FRHI key controls, policies and procedures

* Manage the monthly forecasting and annual budgeting process, being the key driver to ensure schedules are met and full participation of the hotel executive team and management team

* Provide accurate and complete financial and management reports

* Responsible for the analysis and interpretation of the financial data and communicating this in a comprehensible form, of meaningful variations in the operations

* Develop an engaged, enthusiastic and guest driven team through recruitment, personal and professional development and reward, enabling all employees to deliver exceptional service to both our internal and external guest

* Assist other department heads in the development and implementation of “corrective action plans” on internal and or external audit and operational reports

* Assist in the development and implementation of benchmarking techniques that will enable the hotel to enhance revenues while improving productivity and cost efficiencies

* Manage the hotel accounting department, information and internal control systems and hotel finances in accordance with all policy and procedures. This position is accountable for the development, documentation, and support of Financial Polices and Operational Procedures to include performance monitoring as it relates to the hotels

* Protect the owners and the management company’s interest in the hotel assets and operations

* Participates in the development, maintenance and adherence to a single chart of accounts, payroll and expense dictionary, and the function of accounts in order that the hotels financial and statistical data is accurately and consistently recorded and reported

* Has a fiduciary responsibility to the Company and/or Owners for ensuring the hotels are reporting in compliance with the policies, the Uniform Chart Of Accounts and hotel management or other contractual arrangements with respect to accounting matters

* Analysis of the balance sheet accounts, on a selected basis and the preparation of the monthly internal benchmarking and operational performance analysis reports

* Ensure compliance with all laws and fiscal regulations of the location, which effect financial matters of the hotel, including proper permits and licenses are obtained

* Responsible for all lease and contracts and any other legal records and documents, which may affect the financial status of the hotel

* Ensure that hotel accounting department is operating efficiently

* Recommend and assist in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules, labor standards, forecast and plans to assist operational staff. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary

* Develop, implement and monitor credit and collection procedures and guidelines

* Build close and effective working relationships with all operational departments

* Other assigned duties

Qualifications:

* Minimum 2 years’ experience as a Director of Finance, preferably in a luxury international hotel chains

* Strong knowledge in all facets of hotel operations, Accounting and systems plus extensive Accounting experience is required

* Experience in Azerbaijan, Turkey, Russia or CIS Country an asset

* Professional designation or degree with appropriate specialization in Accounting

* Superior level of skill in computer technology and hotel applications of Opera, Micros, Hyperion, Excel and Word

* Excellent administrative, interpersonal and organizational skills

* Ability to effectively manage multiple priorities and changes with flexibility, timeliness and efficiency

* Excellent English written and verbal communication skill

* Highly organized and able to prioritize and meet deadlines in a fast-paced environment

* Decisive, enthusiastic, creative thinker who thrives under pressure and is able to perform multiple functions

* Proven leadership skills which supports an environment of employee growth and development, interdepartmental teamwork and exceptional customer service

* Ability to clearly convey information and ideas, including complex or technical issues