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