Finance Manager

LBS Bina Holdings Sdn Bhd; Selangor; On-site; MYR 110,000 - 170,000; Full time

Job summary

LBS Bina Holdings Sdn Bhd is seeking a Finance Manager to oversee the hotel’s Finance Department, driving budgeting, forecasting, and financial reporting. The role ensures compliance with local tax laws and hotel policies, with emphasis on internal controls and risk management.

You will prepare monthly statements, present to the Board, and provide insights to guide strategic decisions, working closely with senior management and owners.

Qualifications

• Bachelor’s degree in Accounting or Finance or related field with relevant professional qualification.
• Minimum 5 years of experience, preferably in hotel or hospitality finance.
• Experience as a Finance Manager is highly preferred.
• Strong knowledge of hotel accounting, budgeting, forecasting, internal controls and financial analysis.

Responsibilities

• Oversee day-to-day operations of the Finance Department and manage budgets.
• Prepare, manage, and monitor financial budgets and forecasts.
• Ensure compliance with local tax laws, statutory requirements and SOPs.
• Prepare monthly financial statements and performance reports for Board and senior management.
• Provide meaningful financial insights to support business decisions.
• Manage working capital, cash flow, and financial risk with strong controls.

Skills

Financial analysis

Budgeting

Cash flow management

Auditing & internal controls

Leadership & team management

Communication with stakeholders

Financial reporting

Management reporting

Strategic planning

MS Excel

PowerPoint

Education

Bachelor’s Degree in Accounting/Finance/Business Administration

Tools

SunSystems

IFCA

SQL

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

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.

LBS Bina Group Berhad builds homes that meet the needs of Malaysians. For over 20 years, the company has carefully nurtured a reputation for delivering quality properties that inspire and enrich. By insisting on continually improving not only construction technologies but the very latest in architectural trends, LBS lives up to its belief that Malaysians deserve homes of the finest workmanship.

Like all success stories, LBS began with one man’s vision. In the 1960s, Dato’ Seri Lim Bock Seng founded a construction business in Petaling Jaya. After a decade of rapid growth, LBS set its sights higher and ventured into the property development sector in 1992 where it started its first project of Jelapang Maju Light Industrial Park at Jelapang, Ipoh. Within only a few years, its stable of projects had already established LBS as a reputable developer. Several of its well-publicised accomplishments were Taman Perindustrian Bukit Serdang Seksyen 14 in Selangor, jointly developed with the 1992 Thomas Cup champions, Taman Pinggiran Putra, Serdang and the township project at Bandar Saujana Putra.

This trend of growth has seen LBS become a dominant player in Malaysia’s property sector, and spread its wings across the seas to China.

LBS Bina Group Berhad builds homes that meet the needs of Malaysians. For over 20 years, the company has carefully nurtured a reputation for delivering quality properties that inspire and enrich. By insisting on continually improving not only construction technologies but the very latest in architectural trends, LBS lives up to its belief that Malaysians deserve homes of the finest workmanship.

Like all success stories, LBS began with one man’s vision. In the 1960s, Dato’ Seri Lim Bock Seng founded a construction business in Petaling Jaya. After a decade of rapid growth, LBS set its sights higher and ventured into the property development sector in 1992 where it started its first project of Jelapang Maju Light Industrial Park at Jelapang, Ipoh. Within only a few years, its stable of projects had already established LBS as a reputable developer. Several of its well-publicised accomplishments were Taman Perindustrian Bukit Serdang Seksyen 14 in Selangor, jointly developed with the 1992 Thomas Cup champions, Taman Pinggiran Putra, Serdang and the township project at Bandar Saujana Putra.

This trend of growth has seen LBS become a dominant player in Malaysia’s property sector, and spread its wings across the seas to China.