Regional Financial Controller

Job Description

Title: Regional Financial Controller

Company Name: Next Hotel Melbourne

Vacancy: 3

Job Location: Melbourne, CBD & Inner Suburbs

Employment Status: Full Time

Next Story Group creates and transforms spaces to connect and inspire meaningful connections. It offers a differentiated portfolio of distinctive and compelling hospitality and lifestyle brands, that include Next, Sage and Ink. Next Story Group is headquartered in Singapore with a regional office in Australia. For more information, visit www.nextstory.com.

Opening March 2021, Next Hotel Melbourne is the only hotel to lie amongst world leading brands and industry influencers, within Melbourne’s brand-new premier retail and dining destination, 80 Collins. A brand-defining property with 255 guest rooms & suites, the Next brand is always evolving, catering to the universally curious seeking great design, thoughtful service and immersive experiences.

At the centre of the hotel’s unique offering are artisanal culinary encounters at La Madonna Restaurant & Bar, with Australia’s first in hotel barrel aging programme and rooms that provide a sanctuary of comfort and style complete with premium amenities. Next Hotel Melbourne will also feature The Club, Meeting Rooms, Fitness Centre, and curated art from renowned Australian artists.

We’re looking for a dynamic team to bring Melbourne Next Hotel experience to life. Are we your Next adventure?

 

About the role

We are seeking a highly driven individual with deep financial expertise and strong commercial acumen who will support the Chief Revenue Officer in financial management of the properties in ANZ. The Regional Financial Controller will perform in-depth analysis and forecasting to drive business decisions, as well as ensure compliance with financial processes, systems and policies.

The Regional Financial Controller will be directly responsible for:

  • All finance matters for Next Hotel Melbourne,
  • Managing and leading the finance functions and finance resources for properties in Australia,
  • Regional responsibilities such as the preparation and review of monthly consolidated group financials and providing technical accounting advice to the hotels’ Financial Controllers.

A demonstrated track record of setting up financial processes and ERP systems is paramount for this role.

 

Key areas of responsibility and accountability include but not limited to:

Strategic Planning and Business Partnering

  • Manage budgeting, forecasting and long-term planning process
  • Work with properties GM and their Financial Controllers to deliver robust Annual Budget Plans and clear business drivers and tracking mechanism
  • Performance analysis (monitor KPI’s, highlight trends and communicate any causes of unexpected variances) and implement actions to support strategy
  • Oversee all properties’ financial accounts to ensure accurate, relevant and timely reporting with clear analysis on comparative against Budget, Forecast and Last Year
  • Ensure relevant, timely and accurate monthly reporting including analysis to Corporate Office
  • Produce accurate forecasts that enable operations to react to changes in the business

Finance Operations

  • Continually automate, streamline, and improve reporting, operational and accounting processes to improve efficiency and productivity
  • Ensure consistency in accounting treatment across all properties
  • Manage all treasury related activities e.g. banking relationships and cash management of hotels to ensure effective usage of funds as a group
  • Ensure the cash handling policies and procedures of the Hotels are strictly adhered to
  • Manage Accounts Receivable e.g. ensure credit approval and collection policies of the Group are always adhered to, review all in-house ledgers to confirm reconciliation, monitor the Debtors’ balance, implement procedures to recover outstanding debts etc
  • Manage Accounts Payable e.g. review accounts payable to ensure efficient and effective use of financial resources, ensure timely monthly creditors reconciliation is carried out
  • Process payroll for designated properties and work closely with Finance/Human Resources for other properties to ensure all pay runs are accurate, compliant and timely

Compliance / Risk Management  

  • Understand and mitigate key elements of the organization’s financial risk profile
  • Oversee and ensure compliance of all financial statutory requirements of properties
  • Provide strong corporate governance; ensure all properties’ internal control systems, policies and procedures are effective and efficient
  • Ensure properties’ audits are completed on time
  • Ensure tax compliances across all properties

Others

  • Participate in any ad-hoc financial & system projects
  • Perform any reasonable tasks assigned by your reporting manager or Management, as may be required by the Company for its business operations

People Management

  • Supervise one or more on-property Finance team members
  • Manage a team of indirect reports (i.e. properties’ Financial Controllers)
  • Create and maintain a conducive work environment where the core values of the organisation are adhered to
  • Foster a collaborative environment which promotes two-way communications with whole team
  • Lead by example and be a role model for the team
  • Manage the performance and professional development of direct/indirect reports

 

If you possess the following, we would love to hear from you:

Experience & Qualifications

  • Degree in Accounting
  • Senior leadership experience in hotel finance functions
  • Strong knowledge of accounting, budgeting and internal controls
  • Prior experience in group consolidation
  • Demonstrated track record of setting up financial processes
  • Prior experience with ERP implementation
  • Prior team management experience and a track record of good stakeholder management

Other Skills / Traits

  • Outstanding interpersonal and influencing skills; able to interact effectively with different stakeholders (both internal and external)
  • Excellent communication skills
  • Analytical
  • Meticulous and well-organised
  • Ability to navigate through ambiguity and drive changes
  • Willingness and ability to do both strategic work and operational work when required to
  • A hands-on team player who is willing to roll up his/her sleeves to get things done
  • Must be available for travel periodically

 

We thank all interested parties in advance for their applications. However, only successful applicants will be contacted. 

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