Finance Manager

RAFFLES SENTOSA SINGAPORE; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A luxury hotel in Singapore is seeking a Finance Manager to oversee the Finance and Accounting department. Responsibilities include ensuring timely and accurate financial reporting, preparing budgets, conducting financial analysis, and leading the finance team. The ideal candidate will have a degree in Accounting/Finance, minimum 5 years of relevant experience, and familiarity with the hospitality industry. Strong proficiency in MS Office and financial systems is essential.

Qualifications

• Minimum 5 years of Accounting / Finance experience in a supervisory capacity.
• Familiar with the hospitality industry.
• Ability to work independently and take initiative.

Responsibilities

• Oversee the Finance and Accounting department of the hotel.
• Prepare and analyze financial reports, including income statements.
• Conduct regular audits to ensure compliance with financial policies.

Skills

Financial analysis

Strong proficiency in MS Office Applications

Strategic decision-making

Strong human relations

Detail-oriented

Education

Degree/Diploma in Accounting / Finance or equivalent

Professional certifications (e.g., ACA, ACCA)

Tools

Oracle Cloud

SunSystem

Job description

Job Summary

Reporting to the Cluster Director of Finance, the Finance Manager is responsible for ensuring timely & accurate financial reporting according to accounting standards and in line with the Hotel’s policy & procedures.

Responsibilities

• Oversee the Finance and Accounting department of the hotel.
• Ensure that the books, records and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.
• Devise and maintain a system of internal accounting control sufficient to ensure that transactions are executed in accordance with Management’s general and specific authorisation and in compliance with generally accepted accounting principles and specific legislation.
• Assist in the preparation of the hotel’s yearly operating budget.
• Assist in the development and implementation of financial plans, budgets, and forecasts.
• Conduct financial analysis to identify trends, variances, and opportunities for improvement.
• Provide insights and recommendations to the hotel management for strategic decision-making.
• Prepare and analyse financial reports, including income statements, balance sheets, and cash flow statements.
• Ensure accurate and timely financial reporting in compliance with regulatory requirements and company policies.
• Collaborate with department heads to create departmental budgets and monitor expenditures.
• Establish and maintain effective internal control procedures to safeguard hotel assets.
• Conduct regular audits to ensure compliance with financial policies and procedures.
• Oversee cash handling processes, including the management of petty cash and cash flow projections.
• Monitor bank balances and reconcile accounts regularly.
• Supervise the use of financial software and systems, ensuring accurate and efficient data entry.
• Provide training and support to staff members on financial procedures and systems.
• Ensure compliance with local, state, and federal tax regulations.
• Work with external auditors and tax authorities as needed.
• Lead and manage the finance team, providing guidance and support.
• Foster a positive and collaborative work environment.
• Follow all workplace safety and security policies and procedures. Report accidents, injuries and incidents to reporting manager immediately.
• Participate and contribute actively in all Corporate Social Responsibility and Sustainability initiatives organised by the Hotel.
• Perform any other duties and responsibilities that may be assigned.

Qualifications

• Degree/Diploma in Accounting / Finance or equivalent.
• Professional certifications (e.g., ACA, ICAS, ACCA, CIMA) will be an added advantage.
• Minimum 5 years of Accounting / Finance or relevant experience in a supervisory capacity.
• Familiar with the hospitality industry and knowledge in Oracle Cloud and SunSystem is an added advantage.
• Strong proficiency in MS Office Applications especially Excel.
• Strong business acumen, critical thinking and strategic decision-making skills.
• Strong human relations and influencing skills.
• Strong communications (verbal and written), planning and coordination skills.
• Ability to work independently and take initiative.
• Strong time management skills.
• Detail-oriented and meticulous.