Finance Manager

LBS Bina Group Berhad; Petaling Jaya; On-site; MYR 180,000 - 260,000; Full time

Job summary

LBS Bina Group Berhad seeks a Finance Manager to oversee the hotel Finance Department’s day-to-day operations, including budget preparation and monitoring, financial analysis, and reporting. You will ensure compliance with local tax laws and hotel SOPs, and present monthly statements to the Board and senior management.

Key responsibilities include asset and liability reconciliation, cash flow management, and maintaining all legal and financial documentation.

Qualifications

• Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
• Candidates should have completed Intermediate Accounting and at least one advanced accounting course, or possess an equivalent professional qualification.

Responsibilities

• Oversee accounting and reporting for the property.
• Lead and facilitate achievement of annual goals and targets to ensure profitability and growth.
• Drive business performance via revenue management and strategic input in meetings.
• Manage working capital, cash flow, and capital expenditures; identify financial risks and controls.
• Prepare and review annual budgets and monthly forecasts; support budget reviews with analytical insights.
• Ensure financial statements, regulatory compliance, and audit processes are maintained.

Skills

Financial analysis

Budgeting

Forecasting

Internal controls

Financial reporting

Hotel accounting

Owner relations

Communication skills

Interpersonal skills

Negotiation

Education

Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field

Intermediate Accounting coursework

Advanced accounting course

Tools

Microsoft Excel

Microsoft Word

PowerPoint

SunSystems

IFCA

SQL

Job description

Job Brief

The Finance Manager is responsible for overseeing the day-to-day operations of the hotel’s Finance Department, including the preparation, management, and monitoring of financial budgets. The role ensures that all financial activities are carried out in compliance with applicable local tax laws, statutory requirements, and the hotel’s policies and SOPs. Key responsibilities include financial analysis and reporting, budgeting and forecasting, audit and internal controls, asset and liability reconciliation, working capital management, and cash flow and cash control. The Finance Manager is also responsible for ensuring the proper safekeeping, maintenance, and updating of all legal, statutory, and financial documentation relating to the hotel. The Finance Manager will prepare and present monthly financial statements, financial performance reports, and the annual budget to the Board of Directors and senior management, providing meaningful financial insights and recommendations to support effective business decision-making.

Job Brief

The Finance Manager is responsible for overseeing the day-to-day operations of the hotel’s Finance Department, including the preparation, management, and monitoring of financial budgets. The role ensures that all financial activities are carried out in compliance with applicable local tax laws, statutory requirements, and the hotel’s policies and SOPs. Key responsibilities include financial analysis and reporting, budgeting and forecasting, audit and internal controls, asset and liability reconciliation, working capital management, and cash flow and cash control. The Finance Manager is also responsible for ensuring the proper safekeeping, maintenance, and updating of all legal, statutory, and financial documentation relating to the hotel. The Finance Manager will prepare and present monthly financial statements, financial performance reports, and the annual budget to the Board of Directors and senior management, providing meaningful financial insights and recommendations to support effective business decision-making.

Job Responsibilities

• Accounting and Reporting
• Responsible for the properties overall accounting and financial management requirements.
• Lead and facilitate the achievement of property annual goals and targets to ensure profitability and revenue growth.
• Drive overall business performance, e.g. revenue management and sales and marketing tools by active participation in strategy meetings.
• Manage working capital, cash flow, capital and overall expenses to obtain highest value. Identify risk exposure and effectively manage financial risk ensuring effective systems of controls are in place.
• Presentation and Enforcement
• Responsible for the properties overall accounting and financial management requirements.
• Lead and facilitate the achievement of property annual goals and targets to ensure profitability and revenue growth.
• Drive overall business performance, e.g. revenue management and sales and marketing tools by active participation in strategy meetings.
• Manage working capital, cash flow, capital and overall expenses to obtain highest value. Identify risk exposure and effectively manage financial risk ensuring effective systems of controls are in place.
• Checking, Verifying and Analyzing
• Responsible for preparing and reviewing annual budgets, monthly forecasts, operating results.
• Create the annual operating budget for the property and provide analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
• Analyze financial data and market trends and produce accurate forecasts that enable operations to react to changes in the business; facilitate critique meetings to review information with management team. Provide corporate recipients with forecast information in a timely manner.
• Responsible for verifying all financial reports and ensuring that all transactions are accurate and in compliance with local government regulations.
• Effectively manage communication with owners. Regular dialogue and presentations to owner’s representatives on actual and forecasted financial results. Development and presentation of business cases.
• Build effective working relationship with the rest of the property management team, regional and corporate groups, external customers, partners and auditors. Effectively leverage resources outside of own area.
• Daily Duties and Standard Task
• Put in place appropriate controls to manage business and financial risks. Ensure a strong accounting & operational control environment to safeguard assets, improve operations and profitability. Ensure compliance with standard and local operating procedures, and local regulations.
• Oversee internal, external, and regulatory audit processes and ensure compliance with SOPs; make sure appropriate corrections are made.
• Able to prepare and submit management reports in a timely manner and also ensuring delivery deadlines.
• Able to effectively implement all accounting policies and procedures.
• Analyze ROI capital projects prior to committing funds and upon completion determine if anticipated results were achieved.
• Reconcile balance sheet and ensure account balances are supported by appropriate supporting documentation in accordance with SOPs.
• Ensure all issues in the balance sheet are disclosed and adjustments are timely.
• Ensure that the P&L is accurate and statements are delivered to appropriate individuals in a timely manner.
• Effectively manage property working capital and cash flow; identify key projects and manage associated capital expenditure funds for product improvement and increased revenue potential.
• Manage through people and reliable system & process, and assign team members and other department managers' clear accountability backed by appropriate authority to accomplish goals.
• Serve as a liaison between corporate, property, and insurance carrier when claims are filed.
• Able to assist proactively with cost control requirements.
• Finance and Admin / General Matters
• Assists in the building of an efficient and professional team of employees within Finance and Accounting Department.
• Help enhance the team’s business skills. Educate department heads on sales and profit maximization and cost control; provide ongoing analytical decision support & tools to ensure revenue goals are met and opportunities are identified and addressed.
• Monitor and improve hotels operation costs, profitability and manage business risks.
• Ensures property policies are administered fairly and consistently.
• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
• Oversees internal, external and regulatory audit processes.
• Ensure that all contracts are up to date and that there is reminder system in place for renewal and renegotiation if necessary.
• Conduct regular weekly finance department meetings.
• Ensures employees establish and maintain open, collaborative relationships within their team.
• Participates in the employee performance appraisal process, providing feedback as needed.
• Responsible to ensure disciplinary procedures and documentation are completed according to hotels standards.

Job Requirements

• Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field. Candidates should have completed Intermediate Accounting and at least one advanced accounting course, or possess an equivalent professional qualification.
• Minimum 5 years of relevant experience, preferably within the hotel or hospitality industry.
• Previous experience as a Finance Manager is highly preferred.
• Proven experience in managing, supervising, and developing Finance team members.
• Experience in owner relations and working closely with hotel owners and senior management is an advantage.
• Strong knowledge of hotel accounting, financial reporting, budgeting, forecasting, internal controls, and financial analysis.
• Proficient in Microsoft Word, Excel, and PowerPoint, with practical experience using hotel accounting and financial systems such as SunSystems, IFCA, SQL, or other relevant hotel management systems.
• Computer literate and technology-savvy, with the ability to effectively utilize standard software applications, hotel systems and financial technology.
• Excellent verbal and written communication skills, with strong presentation and interpersonal abilities.
• Strong organizational, analytical, problem-solving, and negotiation skills.
• Ability to build and maintain effective working relationships with owners, management, colleagues, auditors, and other stakeholders.