As Assistant Finance Manager, you will ensure the accuracy of stocks, accounts payable, prepayments, and creditor/accruals accounting records and provide periodic reports to the Finance department.
Specifically, He/She will be responsible for performing the following KRA’s to the highest standards:
Key Result Areas
Assist the Finance Manager by providing full and accurate forecasting and budgeting proposals within the hotel and in other areas where required.
Provide timely and accurate financial statements.
Ensure all financial regulations are met, through the maintenance of adequate systems of internal control.
Assist the Finance Manager in preparing capital reviews as required by the General/Hotel Manager and/or accountancy and Finance department.
Train and develop the Finance Team Members and ensure succession plans are in place.
Develop financial awareness of different hotel and resort management teams
Ensure timely preparation of payroll and reports to ensure payments to associates
Monitors all taxes that apply, ensuring that taxes are current, deducted, collected and/or accrued. Ensure timely remittances to the relevant tax office(s).
In consultation with Finance Manager, coordinate compliance of internal control and embrace recommendations from internal and external auditors.
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.
Implement 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.
Analyse variances, explore potential problems with Department Heads and identify solutions.
Key Performance Indicators
Timely and accurate generation of key reports for the GM in consultation with Finance 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
Job Specifications
Knowledge/Skills/Experience
Degree in accounting or financial management.
CPA (K) or the equivalent
5 year experience in Finance and accounting
2 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
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