Head of Finance at Domeo Resources International (DRI)

Main Functions

• The Head of Finance is responsible for overseeing the overall financial management and accounting operations of the hotel to ensure financial stability, profitability, compliance, and operational efficiency
• The role provides strategic financial leadership through budgeting, financial planning, reporting, internal controls, revenue monitoring, and cost management in line with hospitality industry standards.
• The ideal candidate must possess strong financial expertise, leadership capabilities, analytical skills, and extensive experience in hotel or hospitality finance operations.

Role Responsibilities
Financial Strategy and Management:

• Provide strategic financial leadership and support to hotel management.
• Develop and implement financial strategies aligned with organizational objectives.
• Advise management on financial planning, investment opportunities, and operational performance.
• Support business growth through sound financial analysis and recommendations.

Financial Reporting and Analysis:

• Oversee preparation of daily, weekly, monthly, and annual financial reports.
• Ensure timely preparation of profit and loss statements, balance sheets, and cash flow reports.
• Analyze financial performance and provide actionable insights to management.
• Monitor financial KPIs including revenue, occupancy performance, ADR, RevPAR, GOP, and operational costs.

Budgeting and Forecasting:

• Lead annual budgeting and financial forecasting processes.
• Monitor departmental budgets and ensure adherence to approved financial plans.
• Analyze variances between actual and budgeted figures and recommend corrective actions.
• Support departmental heads in financial planning and cost optimization.

Revenue and Cost Control:

• Monitor hotel revenue streams including rooms, food & beverage, events, and other services.
• Implement effective cost-control measures without compromising service quality.
• Oversee inventory cost monitoring and operational expense management.
• Ensure proper financial controls are in place to minimize waste, fraud, and losses.

Accounting Operations:

• Oversee all accounting functions including accounts payable, receivable, payroll, taxation, and reconciliations.
• Ensure accurate recording of financial transactions and proper maintenance of accounting records.
• Supervise bank reconciliations, cash management, and financial documentation.
• Ensure compliance with accounting standards and statutory requirements.

Internal Controls and Compliance:

• Develop and maintain strong internal control systems.
• Ensure compliance with tax regulations, financial policies, and hospitality industry standards.
• Coordinate internal and external audits and implement audit recommendations.
• Maintain confidentiality and integrity of all financial information.

Team Leadership and Development:

• Lead and supervise the finance and accounting team.
• Provide training, mentorship, and performance management for finance staff.
• Promote accountability, professionalism, and continuous improvement within the department.

Cash Flow and Treasury Management:

• Monitor cash flow, liquidity, and working capital requirements.
• Ensure effective management of hotel funds and financial resources.
• Oversee banking relationships and financial transactions.

Procurement and Asset Oversight:

• Monitor procurement processes to ensure financial compliance and cost efficiency.
• Support inventory and asset management procedures.
• Ensure proper tracking and depreciation of hotel assets.

Reporting and Stakeholder Engagement:

• Prepare financial presentations and reports for executive management and stakeholders.
• Provide financial insights to support strategic decision-making.
• Liaise with regulatory bodies, auditors, financial institutions, and tax authorities where necessary.

Experience / Qualification

• Bachelor’s Degree or HND in Accounting, Finance, Economics, or related discipline
• Professional certification such as ICAN, ACCA, ANAN, or equivalent is required
• Master’s degree in Finance, Accounting, or Business Administration is an added advantage
• 8 - 10 years experience in finance or accounting, with at least 4–6 years in a senior finance management role within the hospitality industry
• Strong knowledge of hotel financial operations, budgeting, revenue management, and internal controls
• Experience with hospitality accounting systems and ERP software is highly desirable.

Competencies / Skills:

• Strong financial management and accounting expertise
• Advanced analytical and reporting skills
• Budgeting, forecasting, and cost-control abilities
• Knowledge of hospitality financial operations and revenue management
• Leadership and team management skills
• Proficiency in accounting software and Microsoft Excel
• Strong communication and presentation skills
• Behavioural Qualities / Other Competences:
• High level of integrity and confidentiality
• Strategic and results-oriented mindset
• Strong attention to detail and accuracy
• Professional and accountable
• Ability to work under pressure and meet deadlines
• Strong problem-solving and decision-making abilities.