Cluster Finance Manager

Salary Details

Salary Description: Competetive Salary Offered

Job Description For Cluster Finance Manager

NOVOTEL

Company Description

Novotel and Ibis World Trade Centre and Ibis One Central Dubai is looking for Cluster Finance Manager who is responsible for supporting the Cluster Director of Finance & Admin in managing financial operations across multiple properties within a cluster.

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Job Description

• Assist in the preparation of monthly financial statements, budgets, forecasts, and reports for cluster hotels.
• Ensure timely and accurate financial reporting in compliance with company policies and accounting standards.
• Support the Director of Finance in preparing annual budgets and periodic forecasts.
• Monitor and analyze financial performance against budgets and forecasts.
• Oversee the accounts payable and receivable processes, ensuring accuracy and compliance with internal controls.
• Assist in managing cash flow and liquidity for the cluster.
• Coordinate with internal and external auditors during audits, providing necessary documentation and explanations.
• Ensure compliance with financial regulations and reporting requirements.
• Conduct financial analysis to support decision-making, identifying trends and variances.
• Prepare ad-hoc financial reports for management as needed.
• Assist in implementing cost control measures and financial efficiency initiatives across cluster hotels.
• Monitor operating expenses and identify areas for improvement.
• Supervise and support finance team members in day-to-day operations.
• Provide training and mentorship to junior finance staff.
• Work closely with other departments to ensure financial objectives are met.
• Assist the Director of Finance in strategic planning and financial decision-making for the cluster.
• Assist in developing and implementing financial policies and procedures to ensure consistency and compliance across the cluster.
• Oversee the inventory management process, ensuring accurate tracking of goods and supplies, and conducting regular audits.
• Perform monthly reconciliations of balance sheet accounts and resolve any discrepancies in a timely manner.
• Support the evaluation and monitoring of capital expenditures, ensuring alignment with budget and strategic goals.
• Conduct training sessions for hotel staff on financial processes, systems, and best practices to enhance financial literacy.
• Collaborate with the revenue management team to analyze pricing strategies and their impact on financial performance.
• Develop financial models to support business cases for new projects, investments, or operational changes.
• Monitor cash flow projections and assist in optimizing cash management strategies across the cluster.
• Assist in evaluating vendor contracts and relationships to ensure cost-effectiveness and compliance with financial policies.
• Participate in the implementation of new financial systems or upgrades to existing systems, ensuring proper training and transition.
• Assist in identifying financial risks and developing strategies to mitigate them, including insurance coverage and compliance issues.
• Establish and monitor key performance indicators (KPIs) for financial performance and operational efficiency.
• Support the Director of Finance in preparing financial presentations and reports for owners and stakeholders.
• Assist in financial analysis related to sustainability initiatives and their impact on the bottom line.
• Act as a financial advisor to department heads, providing insights and recommendations on budget management and cost-saving opportunities.

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field.
• Professional certification (e.g., CPA, CMA) is preferred.
• Minimum of 3-5 years of experience in finance or accounting roles, preferably in the hospitality industry.
• Strong knowledge of accounting principles and financial reporting standards.
• Proficiency in financial software and Microsoft Office Suite (especially Excel).
• Familiarity with hotel management systems and accounting software (e.g., Opera, Micros, or similar).
• Excellent analytical and problem-solving skills, with a keen attention to detail.
• Ability to interpret financial data and make recommendations based on findings.
• Strong verbal and written communication skills.
• Ability to present financial information clearly and concisely to non-financial stakeholders.
• Strong leadership and team management abilities.
• Ability to work collaboratively in a team-oriented environment.
• Strong organizational skills with the ability to prioritize tasks and manage time effectively.
• Ability to work under pressure and meet deadlines.