Financial Controller at The People Practice

Our client, a 5-star private business and social club is looking for a Financial Controller who plays a critical role in ensuring efficient operations, optimizing processes, achieving strategic goals, control and coordinate accounting, auditing, budgets, taxes and related activities and records. Develop, establish and administer procedures and systems pertaining to financial matters. Prepare financial statements, forecasts, and analysis for all administrative and managerial functions. Maintain all accounting records; develop, analyze and interpret statistical and accounting information. Evaluate operating results in terms of costs, revenues, budgets, policies of operation, trends and increased profit possibilities.

Responsibilities

Strategic

• Strategic Planning: Develop and implement operational strategies aligned with the organization's goals and objectives.
• Collaborate with executive leadership to define the strategic direction, identify opportunities for improvement, and drive operational excellence.
• Develop financial strategies, providing insights and recommendations to support decision-making and drive profitability.
• Establishes short and long-range financial objectives, plans, and policies for the smooth operation processed.
• Operational Efficiency: Identify and implement measures to enhance operational efficiency, productivity, and cost-effectiveness. Streamline processes, eliminate procurement bottlenecks, and leverage technology to optimize operations and achieve desired outcomes.
• Formulates, receives and recommends policy proposals for approval relating to operational service delivery.

Operational

• Manage and analyze financial statements, ensuring accuracy, compliance, and adherence to accounting principles and regulations.
• Formulates, receives and recommends policy proposals for approval relating to operational service delivery.
• Establish and maintain internal controls, ensuring financial transactions are processed accurately and in a timely manner.
• Prepare and present financial reports, including variance analysis, to senior management and stakeholders.
• Monitor and control costs, identify areas for improvement, and implement measures to optimize financial performance.
• Collaborate with department heads to provide financial insights and guidance for effective resource allocation and budget management.
• Establishes current and long-range objectives, plans, and policies for the smooth operation processed.
• Resource Allocation: Manage and allocate resources, including budget, equipment, and materials, to support operational needs.
• Monitor resource utilization and make adjustments to ensure efficiency and cost control.
• Risk Management: Identify operational risks and develop strategies to mitigate them.
• Implement robust systems and controls to ensure compliance with regulations, industry standards, and best practices.
• Facilitate smooth procurement activities of Kitchen, F&B, Accounts, Quality Assurance & HSE.
• Develop and implement financial strategies, providing insights and recommendations to support decision-making and drive profitability.
• Oversee the company's financial operations, including financial planning, budgeting, forecasting, and reporting.
• Manages the relationships with any Technical and Operating partners to ensure strong and effective alliances are maintained that facilitate the growth of the Club.
• Manage relationships with external stakeholders, including auditors, tax consultants, and financial institutions.
• Stay updated on industry trends, changes in accounting standards, and regulatory requirements, ensuring compliance and best practices.

Members Experience & Relations

• Foster a positive and engaging member experience through personalized service and attention to detail.
• Implement programs, events and activities to enhance member engagement and satisfaction.
• Build and maintain strong relationships with members, addressing concerns and resolving issues promptly.

Key Performance Indicators

• Financial planning.
• Operational Efficiency: Measure and track operational efficiency metrics, such as throughput, cycle time, resource utilization, and cost per unit.
• Set budget & targets for improvement and monitor progress towards achieving operational efficiency goals.
• Cost Control and Financial Performance: Monitor and control operational costs, such as labour, materials, and overheads. Measure financial performance indicators, such as cost savings, cost per unit, revenue growth, and profitability Effective cost management and control, including reduction in expenses and improved cost efficiency.
• Risk Management: Assess the effectiveness of risk management strategies and controls. Monitor the frequency and severity of operational risks, incidents, or disruptions. Measure the ability to proactively mitigate risks and minimize their impact.
• Quality and Compliance: Monitor quality metrics, such as defect rates, error rates, and customer returns. Ensure compliance with quality standards, industry regulations, and internal policies.
• Process Improvement: Track the number and impact of process improvement initiatives implemented. Measure the efficiency gains, cost savings, or quality improvements achieved through process optimization projects.
• Accuracy and timeliness of financial reporting and analysis.
• Cash flow management and optimization.
• Compliance with accounting principles, regulations, and internal controls.
• Successful coordination of audits and financial reviews.
• Effectiveness of processes & systems in enabling the business and operations of the club

Qualifications

• Bachelor’s degree in Accounting or Economics and ACA/ACCA/CPA Professional certification.
• 8-10 years cognate work experience in relevant functional financial areas with at least 5 years of which must have been at Senior Management level in a reputable hotel, luxury hospitality setting or private members club.

Must have skills

• Strong analytical and problem-solving skills, with the ability to interpret complex financial data and provide actionable insights.
• Proficiency in financial software and advanced Excel skills are essential.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
• In-depth knowledge of modern and complex principles and practices of hotel accounting and operations.
• High integrity & sense of responsibility
• Organizational understanding Strong Business acumen, Financial Management, Strategy Development and Execution Skills
• Ability to Build relationship and interact effectively with all stakeholders.
• Knowledge of private club industry, including trends and best practices
• Teamwork (demonstrates teamwork and team building skills in producing results and meeting organizational objectives)
• Strategic thinking, problem solving and decision-making abilities.
• Negotiation and Contract Management
• Leadership/Supervisory
• Project Management
• Reporting