Chief Finance Officer

5 months ago

Parañaque, Philippines Sonak Corporation Full time
Responsibilities:
Strategic Planning and Development
• Collaborates with the Owner / CEO to develop the company’s financial strategies and long-term growth objectives
• Evaluates and implements the most efficient corporate structure aligned with the company’s strategic objectives
• Conducts feasibility study and analysis to assess the financial viability of potential investment opportunities

Human Resource
• Determines the appropriate manning and organization structure for the Finance department
• Supports recruitment and hiring of finance and accounting staff
• Trains and develops finance and accounting staff

Financial Analysis, Budgeting and Forecasting
• Leads in the preparation of the annual and monthly operating budgets, forecasts and forward plans
• Conducts comprehensive review and analysis of monthly financial performance and key operating statistics versus targets and recommends actional plans to improve revenue and profitability
• Develops and monitors hotel annual capital expenditure budget

Accounting Administration and Operations
• Oversees the preparation of accurate and timely financial reports (profit & loss statements, cash flow statements, balance sheets) and other management reports
• Responsible for the preparation of the company’s audited financial statements
• Oversees internal, external and regulatory audits

Cash Management
• Oversees cash management, accounts receivable and management of payables
• Monitor the company’s cash position and liquidity needs to ensure adequate
funding for operating expenses and capital requirements
• Represents the company to banks and maintains banking relationships

Risk Management and Compliance
• Maintains an adequate internal control system to ensure the reliability of financial information and minimize the occurrence of fraud or errors
• Implements accounting principles and financial policies that are aligned with the Uniform System of Accounts for Lodging Industry and Philippine Financial Reporting Standards
• Ensures compliance with financial laws, regulations, and company policies

Qualifications:
• Minimum of 10 years of experience in a senior financial managerial position, with a proven track record in a similar role.
• Candidate must possess at least a Bachelor’s Degree in Accountancy or Finance, as well as advanced business education, such as an MBA.
• Preferably Certified Public Accountant license holder
• Strong experience in banking, treasury management, auditing, and financial accounting
• Excellent knowledge of data analysis, risk management, and forecasting methods
• Exceptional attention to details and accuracy in figures
• Ability to oversee, monitor and manage different accounting functions
• Proficient in the use of financial software and MS Office
• Strong leadership qualities and ability to strategize and solve problems efficiently

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