Ascentech Services Ltd acts as a gateway to provide a wide range of recruitment and selection services to companies. We are a dedicated team of professional consultants offering top-of-the-line executive recruitment and selection services. We cater for the needs of a range of professionals seeking employment and work together to create effective solutions using our networks and strong client base.Job Overview
The ideal candidate will have a proven track record of managing all aspects of financial operations within large-scale restaurant and hotel operations, driving financial strategy, and leading a high-performing finance team.
The CFO will play a critical role in shaping the financial future of our company, ensuring stability and growth in a dynamic environment.
Key Responsibilities
Financial Strategy and Leadership:
Develop and implement financial strategies that support the company’s objectives and growth plans.
Provide strategic recommendations to the CEO and executive team, with a focus on improving profitability and operational efficiency.
Lead financial planning, budgeting, forecasting, and reporting processes tailored to the hospitality industry.
Financial Management:
Oversee all financial operations, including accounting, treasury, tax, and investor relations, specifically within the context of restaurant and hotel management.
Ensure the accuracy and integrity of financial statements and reports, including revenue management, cost control, and capital expenditure.
Manage capital structure, funding strategies, and financial risk management.
Operational Efficiency:
Optimize financial performance and efficiency across multiple restaurant and hotel properties.
Implement and oversee financial systems and processes that cater to the unique needs of the hospitality sector.
Drive cost management initiatives, operational improvements, and inventory control.
Risk Management and Compliance:
Identify, assess, and manage financial risks related to the hospitality industry.
Ensure compliance with all regulatory and legal requirements, including health and safety regulations, labor laws, and industry standards.
Develop and maintain robust internal controls and financial policies.
Team Leadership:
Lead, mentor, and develop the finance team, fostering a culture of continuous improvement and professional development.
Ensure effective communication and collaboration within the finance department and with other departments, including operations, marketing, and human resources.
Coordinate with property managers and operational staff to support overall company goals and objectives.
Investor Relations:
Manage relationships with investors, analysts, and other stakeholders, ensuring transparent and accurate communication.
Prepare and present financial information to the board of directors and investors, highlighting key performance indicators and financial metrics relevant to the hospitality industry.
Coordinate and oversee investor communications and reporting.
Qualifications
Bachelor’s Degree in Finance, Accounting, or a related field; a Master’s Degree or professional certification (e.g., CPA, CFA) is preferred.
Minimum of 10 years of progressive experience in finance or accounting, with at least 5 years in a senior financial leadership role within the hospitality industry.
Strong knowledge of financial regulations, accounting principles, and financial reporting specific to restaurant and hotel operations.
Proven experience in strategic planning and execution within a multi-property environment.
Excellent analytical, problem-solving, and decision-making skills.
Strong leadership and team management abilities.
Exceptional communication and interpersonal skills.
Not more than 43 years of age
