Director of Finance, Montenegro

February 7, 2020 Author: katherine

An opportunity exists for a Director of Finance to join a luxury hotel and spa based in Montenegro.

The main duties of the role will be:

  • Using financial analysis, data trends and market information to anticipate needs, identifies operating/financial issues, and recommends actions to maximize financial return.
  • Creates the annual operating budget for the property and provides analytical support during budget reviews to identify cost saving and productivity opportunities for department heads.
  • Analyzes ROI for capital projects prior to committing funds and, upon completion, determines if anticipated results were achieved.
  • Maximizes cash flow performance of the hotel through controls on inventory (avoid excessive supply), credit and collection, disbursements, deposits and remittances.
  • Review rates and recommends rate strategy to the General Manager; participates in sales strategy meetings.

Other responsibilities include:

  • Follows Policies & Procedures, Delegation of Authority and Code of Business Conduct
  • Maintains local fiscal accounting and tax records in order to comply with statutory & tax requirements.
  • Maintains books of accounts in accordance with statutory and corporate requirements.
  • Ensures assets are properly safeguarded and adequate insurance in place for asset loss and other business risks.
  • Internal pro-forma reporting for both Hotel and Corporate legal entities (where applicable).
  • Preparation and filing of Board Directors and Shareholders’ Meeting minutes (where applicable).
  • Assists external and Statutory Auditors (local requirement).
  • Relationship with Banks (opening/closing accounts and other matters) and Attorney for Fiscal (VAT & Tax) disputes/refunds/claims and other matters related.
  • Participates in local recognized professional and industry organizations
  • Manages hotel contracts (example: vendor leases and/or service contracts).
  • Perform other duties as assigned. May also serves as manager on duty.

Candidates should have:

  • Bachelor or Master’s Degree in Business / Finance, or a relevant field of work, or an equivalent combination of education and work-related experience
  • Professional accounting or finance designation or certification preferred

For more information or to apply, please contact Andrea at fm@fmrecruitment.co.uk or call on +44 20 8600 1160