Assistant Director of Finance

6 days ago

Manama, Bahrain Talent Pal Full time

Assistant Director of Finance

The role aims to be recognized as trusted advisors in the hotel / hotels. This role supports the finance lead to attract and retains best-in-class finance professionals. This role assists in developing their finance team and enables them to Thrive. The role communicates with impact, ensures a robust control and compliance environment and supports to enable the EMEA finance management company value proposition, which is attractive to existing and new owners. The role partners within the hotel / hotels to maximize profit for our shareholders and owners and executes EMEA Operations Finance innovations and projects to deliver an industry leading efficient finance organization.

**What will I be doing?**

The Assistant Director of Finance will support all activities performed by the Director of Finance, to include but not limited to, understanding and driving financial performance, ensuring timely and accurate financial reporting and month-end closing activities, co-ordinating and reviewing monthly financial statements in accordance with Generally Accepted Accounting Principles (GAAP), Uniform System of Accounts and Hilton policies and procedures. The role will ensure a smooth operation of all hotel finance activities in full compliance with the policy, regulatory and contractual framework. The role will business partner with all hotel finance team members and the Hotel Management team, and supports the Director of Finance in developing excellent working relationships across a broad range of internal and external stakeholders, including Commercial, IT, Procurement, Operations, Shared Service Centers (where applicable), Owners and Assett Managers as well as Regional Operations Finance. In absence of the Director of Finance, the Assistant Director of Finance will assume responsibilities of the department lead. The role will support the Director of Finance to develop best-in-class hotel Finance teams, including participation in all relevant Finance development programs.
**What are we looking for?**
- Responsible for reconciliation and checking of accounts before and after month-end closing
- Must be familiar with all duties and procedures of the team members in finance
- Manage cash flow in an efficient manner
- Represent the finance function during the absence of the Finance Lead
- Training and development of the finance team members and succession planning in the absence of the Finance Lead
- Build external relationships with colleagues in the hotel and in the region
- Ensure that the Executive and Management Teams have financial awareness
- Assist the Director of Finance in preparation and submission of budgeting, forecasting, comments, capital planning, cash management and other requirements
- Report according to deadlines and formats set by Hilton on the actual performance compared to budget and / or forecast with appropriate comments
- Use of benchmarking and other tools to support performance optimisation
- Ensure that accurate book-keeping is in place and that revenue and cost are booked in the correct time period
- Ensure that accruals and provisions are calculated and booked accordingly, supported by appropriate backup
- Partner with the Hotel Management team to identify opportunities for the hotel (cost savings; revenue initiatives; working capital improvements, analyse the F&B costs)
- Implementation of and adherence to accounting procedures and policies
- Participate in and lead finance projects as and when required
- Demonstrate understanding of Lease / Management Agreements and related implications
- Perform other duties and responsibilities as and when assigned or required
- Act in accordance with fire, health and safety regulations on property and follow the correct procedures when required
- Ensure hotels are in compliance with Corporate Policies (SPI’s) and governmental rules and regulations and report irregularities and non-compliant situations as required by corporate guidelines
- Ensure that the best interest of the hotel, Hilton International and owners are protected and seek advice from the Finance Lead if and when needed
- Participate actively and regularly in communication meetings and ensure that hotel finance team is kept informed of all relevant hotel and company information, news and initiatives
- Maintain Fixed Cost Register and ensure that this is a full and accurate reflection of all contracts in place
- Review, clarify and code corporate, affiliated charges and Hilton fees

Additional Preferences:

- University degree in Accounting or Finance

**What will it be like to work for Hilton?**

Hilton is the leading global hospitality company, spanning the lodging sector from luxurious full-service hotels and resorts to extended-stay suites and mid-priced hotels. For nearly a century, Hilton has offered business and leisure travelers the finest in accommodations, service, amenities and value. Hilton is dedicated to continuing its tradition of providing ex

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