Finance Manager

Finance Manager

• Minimum Qualification: Bachelor
• Experience Level: Mid level
• Experience Length: 8 years

Job Description

The Finance Managers will be part of the hotel's senior management team responsible for overall hotel finance and operations including accounting, preparing for audits, fundraising/financial modeling and debt collection. Specific key deliverables will include:

Key Objectives and Responsibilities:

• Submission of a monthly Financial a report summarizing the performance of the businesses, which includes a P&L, variance analysis against budget and forecast, balance sheet and cash flow, focus areas for the next month, control weaknesses and corrective actions;
• Manage the production of key annual management accounts, reports, and subsequent analysis and developing long-term business plans based on these reports;
• Ensure that all accounts are reconciled monthly and that any material concerns are highlighted;
• Ensure ancillary services in the areas of payroll accounts payable, stock control and month-end are delivered in accordance with VCI's standards and timelines;
• Deliver a balanced score card (e.g. 60-day debt target);
• Ensure the weekly, monthly and annual forecast is delivered within the relevant timelines, reporting any financial variances;
• Protect the integrity of the business by the systematic application of VCI's internal control procedures;
• Supervise the production of regular salary payments and NHIF, NSSF, PAYE in accordance with Kenyan Laws;
• Ensure compliance with government regulations as pertains to the statutory requirements and specific tax laws and regulations that affect the hospitality industry. Keep abreast with emerging industry regulations/ details.
• Oversee all VAT matters, looking at efficient ways of reducing VAT liability and keeping abreast of current VAT legislation
• Maintain relationship with relevant banks and insurance companies.
• Working with investments to grow the business.
• Analyze financial data of the hotel and prevailing market trends to advise on profit-maximizing ideas.
• Supervise employees who do financial
• Implement financial controls in the businesses which prevent misuse and misappropriation of funds or assets and inefficient cost control;
• To ensure the overall smooth running of the VCI's internal administration and its cost-effectiveness;
• Risk management of assets, currency, credit and liquidity;
• Oversee the management and full utilization of the Xero ERP system.
• Supervises the purchasing manager, F and B controller, night auditor and cashiers.