Hotel Finance Manager-Machakos

6 days ago

Machakos, Kenya Emerge Egress Consulting Full time
Hotel Finance Manager Vacancy-Nairobi

Emerge Egress Consulting is a HR Management & Training Consulting Firm established in 2017 based in Nairobi. In essence it focuses in Recruitment, Business & Marketing Strategy and Training Programs for various sectors. We partner with clients in various industries and sectors in order to meet their various needs.

Role Objective
Our client in Machakos County is looking for an experienced individual whose main objective of the role is oversee financial operations & produce accurate financial reports to management in timely, and relevant financial data while ensuring financial profitability.

The Finance Manager will be responsible for efficient management of financial resources, and compliance with relevant regulations and policies, and a proactive approach to budget planning, forecasting, and financial analysis.

Core Duties and Responsibilities

• Lead the development of annual budgets and financial forecasts, aligning with the company's strategic objectives.

• Conduct regular performance analysis, comparing actual results to budgeted figures and providing insights to senior management.

• Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.

• Ensure compliance with accounting standards and regulatory requirements in financial reporting.

• Monitor and manage cash flow, optimizing liquidity to meet operational needs.

• Implement strategies to efficiently manage working capital, balancing receivables and payables.

• Identify and assess financial risks, developing and implementing risk mitigation strategies.

• Oversee insurance policies to protect the organization against financial risks.

• Collaborate with executive leadership to develop and implement financial strategies aligned with overall business objectives.

• Evaluate investment opportunities, providing recommendations for capital allocation.

• Conduct thorough cost analysis to identify areas for cost savings and efficiency improvements.

• Implement measures to control expenses while maintaining operational effectiveness.

• Develop tax strategies to optimize the organization's tax position.

• Ensure compliance with local authorities, statutory bodies, coordinating with tax authorities as necessary as well as with internal controls.

• Oversee the implementation and optimization of financial systems to enhance efficiency and accuracy.

• Identify opportunities for process improvements and automation within the finance function.

• Recruit, train, and lead a high-performing finance team.

• Present financial information to the board of directors, providing insights into financial performance and strategic initiatives.

• Manage communication with investors, analysts, and other stakeholders regarding financial results and strategies.

• Management of accounts receivable (i.e. distribution of statements, following up on outstanding invoices, processing remittances, reconciliations etc.)

• Preparation of information for and execution of monthly invoicing cycle and reconciliations

• Full management of all fixed assets of the company (asset register, depreciation, location etc)

• Ensure smooth operations of all finance related matters

• Preparation of management reports, financial statements and other financial related reports and correspondence

• Resolution of finance related queries

• Collaborate with department heads to optimize cost efficiency, monitoring expenditure and revenue generation.

• Manage creditors and ensure they are paid timeously, taking into account settlement discounts.

• Oversee all Debtors are collected, where required and to assist with problem solving.

• Maintain and nurture strong relationships with banking partners to optimize financial services.

• Ensure smooth and efficient bank reconciliations and transaction management.

• Ensure timely and accurate payments to suppliers while maintaining positive relationships and optimizing cash flow.

• Maintain records and documentation for financial transparency.

Job Specifications and Qualifications

• B-Com Degree in Finance/ Accounting/ Financial Management

• CPA K is an added advantage

• Proven experience as a Finance Manager, ideally hotel sector with at least 5 years' experience

• Strong knowledge of financial principles, regulations, and best practices.

Key Competencies

• Strong analytical and problem-solving skills

• Attention to detail and accuracy.

• Strong organizational and time-management skills.

• Ability to work under pressure and meet tight deadlines.

• Excellent Communication skills

• Strong Interpersonal & Collaboration Skills

• Hands-on, proactive approach

• Proficiency in financial & accounting software and systems software

• Leadership skills and experience managing teams.

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