5 Star Hotels Chain Head of Finance Job in Nairobi Kenya

Dec 17, 2016

Job Profile: Head of Finance
 
Location: Nairobi
 
Supervised By: Group General Manager
 
Job Purpose: Our client, has a reputable chain of 5 star hotels in Kenya, they are looking for an experienced Head of Finance. 

The successful candidate will be fully in charge and ensure hotel financial resources are managed professionally, safeguarded from possible loss and utilised optimally.
 
Indicators of good performance of the job   
  • Timely and accurate generation of key reports for the General Manager in compliance with the reporting calendar.
  • Business has sufficient cash to meet its obligations, at all times and excess cash invested profitably.
  • Bank relations managed efficaciously.
  • Accurate and up-to-date accounting records that comply with set accounting standards as prescribed by management,
  • Realistic budgets compiled and budget variance monitored to ensure that (unapproved) variance is maintained under approved levels.
  • Cost reduction targets met and/or exceeded
  • Financial systems work efficiently and support information management, communication and reporting.
  • Management accounts prepared and analysed for the management team on monthly basis
  • Costing templates prepared for new and existing products
Key Duties
  • Continually reviewing and upgrading accounting systems and procedures in line with the company's operating systems, internal control requirements and shareholder instructions.
  • Put the necessary financial plans in place, including budgets and implementing appropriate budgetary controls.
  • Support the Group General Manager in each business unit with their strategic planning and business review process.
  • Prepare cash flow forecasts and statements, monitor working capital and manage cash balances by initiating/executing appropriate actions including the investment of excess cash and inter-account transfers.
  • Develop income and expenditure accounts and tax returns.
  • Produce periodic and ad hoc management reports as required in line with IFRS.
  • Analyse variances, explore potential problems with Department Heads and identify solutions.
  • Support investment projects by providing inputs to the budgeting process and analysis of projections.
  • Periodically conduct stock takes and value the Group’s stocks for purposes of reporting.
  • Support Managers with costing process
  • Manage foreign accounts and ensure that foreign currency holding levels are maintained at an optimal standard that enables the company to meet spending commitments.
  • Generate treasury reports and bring up issues that need action.
  • Ensure the timely and accurate preparation of financial and management reports
  • Ensure that the company complies with the country's laws relating to corporate and other taxes, including accurate computation, declaration and payment.
  • Set and evaluate performance standards for departmental staff.
  • Maintain relationships with the company's banks, suppliers and other service providers so as to ensure that the company receives timely, quality and cost efficient services at all times.
Knowledge / Skills / Experience
  • Degree in accounting or financial management.
  • CPA (K) or the equivalent
  • 8 years’ experience from the hospitality industry
  • Knowledge of tax laws and regulations
  • Experience in planning, budgeting and costing
  • Experience with Oracle hospitality systems (Opera, MC, Sun, etc) is a must.
Competencies
  • Financial planning and management
  • Financial accounting
  • Development of policies and procedures
  • Budgeting and budgetary control
  • Decision making skills
  • Problem solving skills
  • Costing and reporting skills
  • Strong analytical skills
  • Honest and reliable
  • Work organisation and co-ordination skills
  • Staff management, development and discipline skills
How to Apply

Applications quoting the position title with detailed CV, with contact details of 3 referees including their email addresses (1 of which should be your immediate supervisor, 1 former supervisor and 1 any other not relatives) should be submitted to: sheerlogictalentsourcing@gmail.com  on or before 23rd December 2016.

Only shortlisted candidates will be contacted.

NB: Please clearly indicate in the subject line as “HEAD OF FINANCE”





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