Job description
The Director of Finance is responsible for safeguarding hotel assets, optimising hotel profitability, and maintaining strict financial controls and regulatory compliance. As a core member of the Executive Committee, this role leads the financial strategy, budgeting, forecasting, and reporting functions in accordance with Kempinski corporate standards,and local tax regulations.
How You Will Make a Difference; What We’re Looking For
Strategic Financial Leadership & Ownership Management
- Lead the hotel’s finance and accounting department, acting as a strategic advisor to the General Manager and Executive Committee.
- Serve as the primary financial liaison to hotel owners/representatives, ensuring compliance with the terms of the Hotel Management Agreement.
- Identify new business opportunities, revenue optimizations, and cost-containment strategies to maximize Gross Operating Profit (GOP).
Financial Reporting & Analysis- Ensure the accurate and timely preparation of monthly, quarterly, and annual financial statements as per Kempinski guidelines.
- Conduct monthly P&L reviews with operational department heads, analyzing financial variances and recommending corrective actions.
- Submit quarterly self-assessments and corporate financial packages as required by regional leadership.
Budgeting, Forecasting & Cash Flow- Partner with the General Manager to develop the hotel’s annual operating budget, business plan, and Capital Expenditure (CapEx) plan.
- Drive rolling revenue and expense forecasts, maintaining high accuracy.
- Oversee cash management, liquidity, bank reconciliations, and working capital optimisation.
Internal Controls, Audit & Compliance- Design, enforce, and maintain robust internal financial control environments to protect assets and eliminate fraud risks.
- Serve as the main point of contact for internal and external auditors, implementing recommendations efficiently.
- Ensure strict compliance with local laws, corporate insurance policies, labor laws, licenses, and tax obligations.
Procurement, Payroll & Asset Management- Supervise purchasing, store operations, credit management, accounts receivable, and payroll functions.
- Safeguard all hotel contracts, lease agreements, operational licenses, and legal documents.
- Track capital expenditure spending against approved CapEx budgets.