Director of Finance
2 days ago
About the Role
The primary responsibilities of this role include controlling and reporting the cash funds and all assets of the hotel, as well as administering the accounting department and related functions effectively.
Responsibilities
- Sets up and maintains a system of internal controls and the most effective control of the assets and revenues of the hotel.
- Reports financial and operational results on a timely basis.
- Maintains all accounting records of the hotel in the manner prescribed by the Dusit Group.
- Prepares all reports and financial statements on a timely basis in accordance with the instructions prescribed by the Dusit Group.
- Complies with all Standards instruction and memorandums issued by the Dusit Group Executive Committee.
- Ensures compliance with all laws and fiscal regulations of the country of location affecting financial matters of the hotel.
- Responsible for obtaining proper permits and licenses for currency transfers.
- Safeguards all leases, contracts, and any other legal records and documents affecting the financial status of the hotel.
- Handles local tax matters, including income and other taxes.
- Approves all cash disbursements and allowances/adjustments, ensuring subsequent approval by the Manager.
- Ensures periodical physical count and valuation of all food & beverage and operating supplies inventories are taken according to Standard Procedures.
- Ensures quarterly physical count and valuation of all operating equipment inventories are effectively handled and reported.
- Administers blanket insurance policies from Corporate Office, ensuring effective handling.
- Signs, jointly with the Manager or his representative, all checks and other payments from the hotel's bank account.
- Ensures all unclaimed wages are redeposited promptly in the bank account or treated in accordance with local regulations.
- Signs to signify inspection and approval of all Daily Reports of operations, Monthly Reports, Monthly Trend of Operations Report, Monthly Source of Business Report, and Monthly Auditor's Check List Report.
- Approves all monthly journal vouchers by signing or initialing before posting to the general ledger.
- Responsible for the effective interpretation of all financial statements, accounting, and statistical reports required by the Corporate Office or Manager.
- Performs other duties as assigned by the General Manager.
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