Italy Job Openings
Aethos
Cluster Director of Finance Italy
FULL TIME
October 9, 2024
Financial Reporting & Analysis:
- Oversee the preparation, review, and consolidation of financial reports for all hotels, including the P&L, Balance Sheet, and cash flow statements.
- Analyze financial performance during the pre-opening and operational phases, identifying variances and providing actionable insights.
- Ensure the timely and accurate submission of all financial reports in compliance with corporate standards and local regulations.
P&L Management:
- Manage the P&L for all hotels for the ongoing operations, ensuring revenue streams and costs are properly monitored.
- Collaborate with hotel General Managers and department heads to optimize financial performance, reducing costs where necessary and maximizing profitability.
- Track and analyze key performance indicators (KPIs), including Gross Operating Profit (GOP), for both properties.
Balance Sheet Management:
- Ensure the accuracy and integrity of the Balance Sheets for all hotels, including pre-opening capital expenditures, liabilities, and equity.
- Conduct monthly reconciliations of key balance sheet accounts, ensuring the timely recognition of assets and liabilities.
- Manage working capital and ensure proper liquidity for both hotels throughout the pre-opening and operational periods.
Daily Accounting Operations:
- Oversee daily accounting functions, including accounts payable, accounts receivable, payroll, and general ledger activities for all hotels.
- Ensure all financial transactions are accurately recorded and comply with local regulations and company policies.
- Prepare/Supervise tax filings, VAT returns, and all regulatory compliance for all locations.
Budgeting & Forecasting:
- Update financial forecasts monthly
- Prepare annual budgets
- Monitor actual performance against budgets and forecasts, identifying variances and implementing corrective actions.
Internal Controls & Compliance:
- Establish and maintain robust internal control procedures to safeguard financial integrity.
- Ensure that all hotels comply with local tax laws, corporate accounting policies, and audit requirements.
- Prepare and participate to internal and external audits, providing necessary financial documentation and explanations.
Leadership & Team Management:
- Recruit, develop, and lead the cluster finance team , ensuring all financial activities are performed to a high standard.
- Provide training and mentorship to finance staff, fostering a culture of excellence and accountability.
- Work closely with the General Managers and department heads to ensure smooth financial operations.
Strategic Financial Support:
- Act as a key financial advisor to the General Managers of all hotels, providing insights to guide strategic decisions.
- Develop financial models to support decision-making regarding capital expenditures, operational strategies, and new revenue opportunities.
- Monitor local market conditions in Italy, helping to inform financial planning and forecasting.
Qualifications:
- Bachelor’s degree in Finance, Accounting, or a related field; CPA or equivalent certification is preferred.
- A minimum of 5 years of experience in financial management, with at least 3 years in the hotel industry.
- Strong understanding of financial reporting, P&L, and Balance Sheet management, as well as daily accounting operations.
- Proficiency in financial software systems and advanced Excel skills.
- Fluency in both English and Italian is required.
- Excellent leadership, communication, and analytical skills, with the ability to work across multiple properties.
Working Conditions:
- Based in Milan, working from the Hotel in Milan with frequent travels to our other properties.
- Possibility to work from home 1 to 2 days per week.
- Flexibility in working hours, including potential weekend work during peak operational times.
Benefits:
- Competitive salary and performance-based bonuses.
- Opportunities for professional development and career growth within the hotel group.
- Staff rate in our properties
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