Director of Finance - Holiday Inn Express Singapore Orchard Road(501278) (Job Number: SIN002369) - I

Job Reference: HH100
Employer/Agency: IHG
Location: Singapore
Salary/Package: On application
Job Sector: General Management & Consulting
Date Posted:
Closing Date:

What's your passion? Whether you're into snowboarding, shopping or salsa dancing, at IHG we're interested in YOU. We love people who apply the same amount of care and passion to their jobs as they do to their hobbies - people who put our guests at the heart of everything they do. And we're looking for more people like this to join our friendly and professional team.

Holiday Inn Express Singapore Orchard Road is the first Holiday Inn Express in Singapore. It is the smart choice for savvy business and leisure travellers. Holiday Inn Express Singapore Orchard Road is a 221 bedroom Hotel located in the heart of Singapore's best-known retail, entertainment and residential district - Orchard Road and is just steps away from the Somerset MRT.

Holiday Inn Express offers guests comfort and convenience at a great value including complimentary Breakfast and Wi-Fi during their stay. In short, we offer our guests everything they need but nothing they don't.

Join us as a Director of Finance (Holiday Inn Express Singapore Orchard Road & Holiday Inn Express Kota Kinabalu - Pre Opening) in Holiday Inn Express Singapore Orchard Road! The duties and responsibilities are:

Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)
Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of thehotel through controls on inventory, credit and collection, disbursements, deposits and remittances
Ensure excess cash is managed to maximize earning potential
Prepares outlooks for forthcoming months and forecasts for the remainder of the year
Prepares monthly position of actual results against budget, analyse results and recommend to Department Heads measures required to meet budget
Prepare consolidated quarterly position assessments for the General Manager
Distributes outlook and forecast information as an up to date management tool for operating departments
Implement and review financial controls and policies
Communicate with Owners
Analyse financial and management reports
Design internal reporting systems required by the department and hotel
Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures
Employ adequate internal control procedures to ensure correct authorization for payment procedures
Manage internal and external audits when they occur
Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance
Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
Identifies staff with potential for promotion and/or transfer within Accounting operation
Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations
Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
Follows up on all capital expenditures to ensure compliance with original justification and approval
Participates in local recognized professional and industry organizations
Recommends and maintains appropriate list of delegation of authority for hotel management
Conducts monthly inspections and tests to ensure all departments are complying with required procedures
Performs those duties required by the controls checklist issued by IHG Regional Director of Finance and Business Support / Area V.P. Finance
Reviews prices and recommends pricing strategy to the General Manager
Implements and maintains acceptable accounting practices and procedures as required by InterContinental Hotels Group Policy, generally accepted accounting practices, and as affected by local conditions
Select and monitor the Local Banking arrangements made for the operation of the Hotel in conjunction with the Hotel Owners

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