Finance Manager - Kuala Lumpur, Malaysia - Hilton

Hilton

Verified Company

Kuala Lumpur, Malaysia

1 week ago

Posted by:

Siti Tan

beBee Recruiter

Description

Finance Manager

With thousands of hotels in over 100 countries and territories, Hilton offers countless opportunities to delight.

From an open door to a welcoming smile and an exceptional experience, we offer the millions of travellers who stay with us every year a welcome they will never forget.

In addition to our flagship brand, Hilton Hotels & Resorts, the family of brands includes Waldorf Astoria, LXR, Conrad, Canopy, Curio Collection, DoubleTree, Hilton Garden Inn, Hampton and many others.

If you appreciate the impact global travel can have on the world, you may be just the person we are looking for to work as a Hilton Team Member.

Because it's with Hilton where we never forget the reason we're here:
to delight our guests, Team Members, and owners alike.

The Finance Manager is responsible for all accounting and financial requirements for the Hotel in an environment of tight control.

The role will develop the quality of the finance function to be an integral part of the 4D structure within the hotel, provide financial advice and expertise to the General Manager and Hotel Team, with the aim of maximizing value.

Strong experience in dealing with Owner and Tax Officer etc. is relevant for this role.

The Finance Manager should possess the 9 key competencies - influence, communication, developing relationships, analyzing information, decision making, planning, commercial awareness, resilience and people management.

What will I be doing?
As the Finance Manager, you will be responsible for performing the following tasks to the highest standards:

Carry out best practice financial accounting processes in a robust control environment.
Responsible for the overall management of the accounting records and financial reports of the hotel ensuring compliance with company, owner, statutory fiscal requirements and timetables.
Where applicable, the above must include the accounts for Hilton International's branch or subsidiary.
Ensure that the balance sheet is a fair reflection of the assets and liabilities of the hotel, regularly reviewed, and reconciliations of all accounts performed.
Ensure compliance with the management agreement with Hilton International, and any Owner / Lease agreement.
Maintain a focused system of internal controls, which will provide an effective and efficient control over hotel assets, liabilities, revenue and costs, ensuring compliance with company policy.
Maintain control over hotel assets, liabilities, income and expenditure on behalf of both the Operator and Owner, providing management, leadership and accountability for the financial performance of the hotel.
Ensure legal and tax compliance, and that adequate insurance cover is maintained.
Manage the pension scheme where applicable, ensuring that adequate accounting, actuarial and legal controls are in place.
Ensure valid permits and licenses have been obtained for such matters as importation, currency transfers and hotel operations (bars, clubs, casinos etc.).
Take responsibility for the safekeeping and updating of all leases and contracts which may affect the financial status of the hotel.
Liaise and cooperate with both Internal and External Audit ensuring that an effective programme of inhotel audit is in place and that corrective action is promptly taken where required.
Give particular emphasis to ensure that all revenue is captured, making use of a monthly control checklist and conducting interim selfaudits as required.
Develop best practice financial accounting and control procedures.
Financial reporting and control to be an area of continuous review and development with the aim of maximizing both impact and efficiency.

Management Reporting

Focused, innovative and balanced reporting that stimulates management action. Reporting should be thought provoking and action oriented.
Develop high quality management information and performance measurement that is timely and accurate.
Implement reporting that incorporates benchmarking, identification and measurement of key performance indicators, using the balanced scorecard. Reporting should not only look to historical performance within the hotel, but also outward and forward.
Ensure corporate reporting is timely and accurate, internally consistent and that, inter alia, Datalink report, HLBFS Report, management reports, trends of operation reports, incremental conversion reports, profit and loss statements, balance sheets and cash flow reports reconcile to the trial balance. Maintain proof of such reconciliations which are conducted each month.

Business Support

Provision of the highest standards of financial and commercial support to the Business.
Support and advise on financial and commercial matters to the General Manager and to the hotel team, including the interpretation of financial data.
Review management information for the hotel and make proposals for the General Manager for value added initiatives. Where appropriate, play the