Chief Financial Officer (Hospitality & Property Development)

Outsourced CFO; Cape Town; On-site; ZAR 1,800,000 - 3,000,000; Full time

Job summary

Outsourced CFO Pty in Cape Town seeks a strategic Chief Financial Officer to lead finance and procurement for a premier luxury hotel and residential resort. The role partners with executive leadership to modernize financial systems, manage capital projects, and drive long-term growth in an exclusive hospitality setting.

You will build high-performing teams, establish governance, optimize procurement, and ensure robust reporting and risk management across the property's financial operations.

Qualifications

• CA(SA), CIMA or ACCA designation required or equivalent
• 8-10 years of progressive financial leadership experience
• Hospitality finance experience preferred
• Hands-on, commercially astute leadership style

Responsibilities

• Oversee budgeting, forecasting, cash flow, and working capital management
• Lead procurement, supplier negotiations, and cost-control initiatives
• Provide strategic financial guidance to executive leadership and the board

Skills

Leadership

Financial acumen

Strategic partnering

Procurement & cost control

Education

CA(SA) / CIMA / ACCA

Job description

Chief Financial Officer (Hospitality & Property Development)

Cape Town, South Africa

Are you an accomplished financial executive with a passion for luxury hospitality and property development? We are seeking a strategic and hands-on Chief Financial Officer (CFO) to lead finance and procurement operations at a premier full-service luxury hotel and residential resort. Featuring a rich landmark heritage spanning over two centuries, our world-class coastal destination comprises over 300 luxury rooms and residential apartments, extensive food and beverage outlets, and dedicated wellness amenities. In this pivotal role, you will partner directly with executive leadership to modernize financial systems, optimize capital projects, and drive long-term financial growth in an exclusive luxury environment.

Finance Department & People Leadership

• Team Structure & Talent Development: Establish structured roles, clear accountabilities, and service standards across finance, accounting, and procurement teams.
• Performance Management & Coaching: Provide active coaching, establish performance management frameworks, and cultivate succession capacity within the finance function.
• Considered Leadership Framework: Implement a respectful, collaborative leadership model grounded in transparent expectations and strong staff support.

Systems & Process Modernisation

• Technology Integration: Partner with IT and operational leaders to modernize core financial software and integrated procurement platforms.
• Data Quality & Workflow Automation: Connect hotel operating systems directly to financial platforms, eliminate redundant manual processes, and minimize spreadsheet reliance.
• User Adoption & Efficiency Metrics: Ensure high team adoption rates while establishing measurable improvements in reporting turnaround, accuracy, and process controls.

Financial Control, Risk & Procurement

• Financial Oversight: Oversee annual budgeting, quarterly forecasting, interim management accounts, cash flow management, and working capital optimization.
• Procurement & Supply Chain Management: Enhance purchasing workflows, supplier negotiations, inventory control mechanisms, and vendor disbursement processes.
• Compliance & Governance: Maintain internal control frameworks, guarantee statutory and tax compliance, maintain permanent audit readiness, and report regularly to the CEO, GM, FinCo, and Board.

Operational Hospitality Partnership

• Commercial Strategy: Collaborate with the General Manager and operational department heads to maximize revenue, improve profit margins, and maintain cost discipline across rooms, food and beverage, and ancillary departments.
• Actionable Business Intelligence: Translate financial data into practical operational insights, enabling rapid decisions that support guest satisfaction and employee experience without sacrificing fiscal rigor.

Capital Projects & Property Development

• Investment Appraisal: Lead financial feasibility assessments, investment evaluations, and strategic capital planning for refurbishments, facility expansions, and real estate development initiatives.
• Project Budget Control: Partner with capital project teams to monitor committed expenditure, track cash outflow timelines, evaluate cost-to-complete forecasts, and mitigate budgetary risks early.

Corporate Funding & Strategic Expansion

• Capital Structure & Debt Management: Assist the CEO in determining strategic funding needs, negotiating credit facilities with financial institutions, and monitoring debt covenant compliance.
• Transaction Execution: Direct financial evaluation, due diligence processes, and external advisory engagements for potential property acquisitions or corporate partnerships.

Requirements

Qualifications & Essential Requirements

• Professional Designation: CA(SA), CIMA, ACCA, or equivalent professional accounting designation.
• Leadership Experience: 8-10 years of progressive financial executive experience, with a background presenting to executive management, boards, and property owners/investors.
• Hospitality Acumen: In-depth knowledge of hospitality financial management and operational metrics; direct hotel sector experience is strongly preferred.
• Operational Leadership Style: Hands-on, commercially astute executive who thrives when managing competing priorities and delivering precise financial output in a fast-paced setting.

Preferred Experience & Strong Advantages

• Capital Projects & Transactions: Hands-on exposure to property development finance, major facility capital projects, debt financing negotiations, or corporate M&A transactions.
• Technology, Automation & AI Integration: Demonstrated track record of leveraging modern software, automation tools, business analytics, or AI capabilities to streamline finance operations and elevate decision-making.