Holiday Inn Express & Suites Singapore Novena-Manager, Finance & Business Support

InterContinental Hotels Group; Singapore; On-site; SGD 50,000 - 70,000; Full time

Job summary

A global hospitality company in Singapore is seeking a Manager for Finance & Business Support. The role involves financial analysis, budget management, and compliance with accounting controls. The ideal candidate possesses a Diploma in Finance or Business Management and has at least 2 years of relevant experience. The position requires strong communication skills and a positive attitude, offering opportunities for growth within a supportive environment.

Qualifications

• At least 2 years of relevant experience or equivalent education and experience.
• Ability to supervise Finance staff and coordinate with other departments.
• Experience in managing daily activities and setting performance goals.

Responsibilities

• Provide management with timely financial analysis for effective decision-making.
• Ensure compliance with company policies, procedures, and statutory requirements.
• Prepare monthly actual results against budget and analyze variances.

Skills

Positive attitude

Proficiency in English

Good communication skills

Education

Minimum Diploma in Finance or Business Management

Job description

Holiday Inn Express & Suites Singapore Novena - Manager, Finance & Business Support

The Manager, Finance & Business Support provides management with timely financial analysis for effective decision-making, prepares all statutory and management requirements of InterContinental Hotels Group and Owners, and performs professional accounting duties to maintain control over expenses, income, assets, and liabilities of the hotel to ensure the security of the company's assets in a centralized accounting environment.

• Work with superiors in the preparation and management of the department’s budget.
• Coordinate the preparation of the departmental annual budget.
• Monitor and control departmental costs on an ongoing basis to ensure performance against budget.
• Assist in the preparation of the hotel strategic plan, goals, programs, and budget.
• Maintain an up-to-date cash flow projection and maximize hotel cash flow through controls on inventory, credit, collections, disbursements, deposits, and remittances. Manage excess cash to maximize earnings.
• Prepare outlooks for upcoming months and forecasts for the remainder of the year.
• Analyze monthly financial accounts and provide financial information to management.
• Ensure all accounts are reconciled monthly, review, and approve reconciliations.
• Prepare monthly bank and inventory reconciliations.
• Prepare monthly/quarterly GST reports.
• Evaluate internal control measures related to accounting procedures and computer systems as per IHG policies and procedures.
• Implement internal control procedures to ensure correct authorization for payments.
• Manage internal and external audits to achieve successful outcomes as prescribed by IHG.
• Prepare monthly actual results against budget, analyze, and recommend measures to the General Manager to meet targets.
• Oversee month-end closing, including IHG and owner reporting packages.
• Liaise with owner offices, internal, and external auditors.
• Coordinate and administer CSA.
• Ensure prompt payments to IHG for all fees and billings.
• Manage workflows within the Finance department.
• Ensure timely and accurate updating of contracts, licenses, CAPEX, fixed asset disposals, and other financial records.
• Safeguard financial records, ensuring proper storage and access.
• Maintain an appropriate delegation of authority list for hotel management.
• Oversee daily banking activities, including opening, counting, and closing.
• Ensure all receipts are properly recorded, balanced, and deposited daily.
• Prepare daily cashier summaries and ensure deposits are made.
• Investigate overages and shortages, prepare summaries, and reconcile monthly.
• Address cashiering issues, overages, shortages, and discrepancies.
• Monitor and adjust hotel exchange rates in PMS as necessary.
• Process petty cash reimbursements, ensuring reconciliation as required.
• Report directly to the General Manager on all financial and accounting matters.

People:

• Supervise and manage the Finance staff and outsourced accounting team for accurate bookkeeping and timely reporting.
• Coordinate with other departments on accounting and internal control matters.
• Assist in manpower planning and management.
• Interact with external entities like banks, auditors, and IHG offices as needed.
• Manage daily activities, assign tasks, and set performance and development goals.
• Provide coaching, feedback, and training to enhance team performance.

Guest Experience:

• Share information openly to improve teamwork for internal and external guests.
• Build positive relationships to exceed guest expectations.
• Act promptly to address guest needs and exceed expectations.

Responsible Business:

• Ensure compliance with IHG policies, procedures, and statutory requirements.
• Maintain and improve accounting controls and workflows.
• Follow OH&S policies, ensuring safety and compliance.
• Be aware of duty of care, health, safety, and emergency procedures.
• Report and address hazards, incidents, and accidents appropriately.

What we need from you:

• Minimum Diploma in Finance, Business Management, or equivalent.
• At least 2 years of relevant experience or equivalent education and experience.
• A positive attitude and willingness to learn.
• Proficiency in English, with good communication skills.