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Director of Finance

London, United Kingdom

Director of Finance

  • London
  • Accounting & Finance Division
  • Full time

We have a rare opportunity for a dynamic and experienced professional to lead the financial management of our European flagship property - Mandarin Oriental Hyde Park, London, One Hyde Park Residences and the brand new Mandarin Oriental Mayfair, opening in Spring 2023.

As Director of Finance you will be responsible for the determination of optimum control objectives and for the installation and maintenance of appropriate internal control systems over income, expenditure, assets and liabilities within the hotels and residences. In the performance of these duties, the Director of Finance must maintain a spirit of responsiveness among all persons and functions supervised, in order to produce a positive and unified approach to the fulfilment of all responsibilities of the position.

The incumbent will be an ambitious individual who is strategic and passionate about finance, someone who has strong experience working in and opening luxury hotels and maximising their teams’ output.

As Director of Finance you will have the following core responsibilities:

  • To direct, manage and support the development, implementation, maintenance and administration of all financial controls and accounting procedures, based upon a maximisation of internal control techniques consistent with MOHG established policy and generally accepted accounting principles, as adapted to the requirements of the hotel’s management contract and other local legal requirements.
  • Innovation initiation and process system improvements.
  • To provide hotel management teams with accurate and timely financial information to effectively manage their operations.
  • The Director of Finance is required to play an active role in the management of the hotel and to exercise a responsive attitude to the needs of the General Manager and other members of the hotel management team.
  • To be actively involved in the search for opportunities to improve the profitability of the hotel and encourage the preparation of exception reports and analyses to help meet and measure the success of this objective.
  • To initiate employee development and evaluation programmes for all subordinate staff to ensure the highest level of professional competence and efficient continuity within those positions.
  • To ensure all financial reports, budgets, forecasts and other information required by MOHG are accurately compiled and submitted within the specified time limits, identifying variances and making recommendations for improvements as appropriate.
  • To personally review forecasts and budgets prepared by hotel management to ensure the General Manager and MOHG corporate management are provided with guidelines of performance that are both reasonable and achievable.
  • To ensure adequate controls are installed and maintained for the protection of the hotel’s assets against loss or misappropriation.
  • To ensure adequate insurance coverage is maintained to protect the assets of the hotel with particular regard to the requirements contained in the hotel’s management contract.
  • Assume full responsibility for the proper control of all cash funds and other assets for subordinates.
  • To establish a comprehensive credit and collection policy for the hotel, based on good industry practice and within the guidelines provided by MOHG.
  • To carry out any other duties that may be reasonably requested by the General Manager or MOHG corporate management.
  • Managing and overseeing internal & external audits.

REQUIREMENTS:

  • Strong business acumen and high degree of work ethic.
  • Proven track record of building, developing and motivating a large team.
  • Confident, excellent communication skills and ability to build relationships.
  • Self-motivated, well organised and detail-orientated.
  • Enjoys working in a fast paced and dynamic environment.

Eligibility:

In line with the requirements of the Asylum & Immigration Act 1996, all applicants must be eligible to live and work in the UK. Documented evidence of eligibility will be required from candidates as part of the recruitment process.

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