Hotel Financial Manager

Valor Hospitality Partners Head Office Cape Town NOW RECRUITING - HOTEL FINANCIAL MANAGER (MULTIPLE PROPERTIES) The Financial Manager (Multiple Properties) will assists the Group Financial Manager by overseeing, coordinating, and directing the accounting and financial reporting activities of the Department Team across multiple properties. Acting as the custodian of the financial management system and hotel budgets, this role supervises the establishment and effective management of Accounting, Budgeting, and Financial Control systems. The Financial Manager manages daily cash usage, ensuring financial accountability across the operation and timely payment to suppliers for consistent service excellence. Additionally, this role conducts financial analysis, auditing, and project management to support decision-making processes and strategic initiatives. The Financial Manager reports on financial performance and provides operational recommendations, while coaching senior managers on financial management approaches and language.

Key Performance Indicators:

• Customer Related:
  • Creditors days
  • Cash Control
  • Deposit management
  • Accuracy of financial reporting with deadlines
• People Related:
  • Effective coaching and feedback to ensure financial literacy across the Department Teams
• Process Related:
  • Set up and maintenance of the Hotel Accounting System
  • Adherence to financial controls across the Team
  • Completeness of policies, processes, and standards governing financial activities
  • Timely submission of statutory returns
  • Effective management of the Hotel Asset Register
• Finance Related:
  • Timeliness and completeness of annual budget submission and adherence
  • Debtors Days
  • Stock Days
  • Interest on Cash on Call
  • Capex expenditure management to budget
  • EBITDA (KPI shared with Hotel Manager)

Roles and Responsibilities:

• General Responsibilities:
  • Utilize software applications and tools for accurate accounting of financial transactions.
  • Control payroll function in alignment with the budget.
  • Provide financial counsel to senior management.
• Customer Specific Responsibilities:
  • Ensure world-class accounting service delivery.
  • Maintain finance policies and standards.
  • Compile and provide financial reports to stakeholders.
• People Specific Responsibilities:
  • Support employee selection and financial planning.
  • Implement practices for financial literacy development.
  • Conduct feedback and performance appraisals.
• Quality Specific Responsibilities:
  • Ensure completeness of financial policies and standards.
  • Promote compliance and improvement of financial control.
• Finance Specific Responsibilities:
  • Prepare and propose annual budgets.
  • Monitor equipment usage and stock consumption.
  • Coordinate financial requirements with relevant stakeholders.
• Facilities:
  • Assist in compiling CAPEX requests and budgets.
• Legal and Compliance Specific Responsibilities:
  • Ensure confidentiality and financial control measures.
• Additional Duties:
  • Perform additional duties as assigned.

Key Competencies:

• Process Excellence and Service Delivery
• Sustainable Quality and Attention to Detail
• Innovation for Results
• Initiative and Change Agent
• Teamwork, Cross-Organizational Collaboration, and Building High Performance Teams
• Managing Uncertainty (Ambiguity) and Adaptability

Person Specifications:

• Thinking Ability: Anticipatory, logical, and security-conscious.
• Academic Qualifications: Degree in Accounting/Finance
• Languages: Proficient in English.
• Work Experience: 5 years overseeing financial operations in a Luxury hotels.
• Job Technical Skills: Proficient in accounting standards and software.
• Personal Qualities: Committed, service-oriented, collaborative, and integrity-driven.
• Business Values: Embraces organizational values and culture.
• Physical Abilities: High mental endurance and sensitivity to signals.

WHO WE ARE:
Valor Hospitality Partners - Africa, part of the Valor Hospitality group, is a bespoke, highly experienced African Hospitality Consulting, Development, and Hotel Management Company based in Cape Town, South Africa. Our goal is to create truly memorable guest experiences through an operating culture of warmth, caring, passion and excellence, providing our guests an environment well beyond what they have come to expect - 'Reimagining Hospitality'. We are Hotalitarians! Standard employee remuneration and benefits SA:

• Award winning employer
• Competitive Salary
• Preferential Employee Room Rates at all Valor Hospitality Hotels globally
• 50% F&B Discount at any UK, US & SA Valor hotel when charged to room
• Free meals on duty and uniforms provided
• Incremental holiday allowance based on service
• Pension Contribution

The Company’s Employment Equity Plan will be taken into consideration with all appointments. Should you not be contacted within two weeks of the closing date, please consider your application as unsuccessful. Valor Hospitality Partners is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.