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Form of workAbout us
The Ascott Limited (Ascott) is a member of CapitaLand Investment (CLI), headquartered and listed in Singapore. Ascott has become one of the leading international lodging owner-operators, with more than 900 properties in over 200 cities spanning more than 40 countries across Asia Pacific, Central Asia, Europe, the Middle East, Africa and the United States.
In Australia, our portfolio comprises renowned serviced apartment, coliving, and hotel brands, namely Citadines, lyf, Oakwood, and Quest. We take pride in our recognition, having secured the 12th position in the WRK+ annual Best Places To Work Study for the year 2022.
We are looking for a proficient and dynamic Manager- Hotel Finance to join our team at the Australia corporate office based at Melbourne's city-fringe hotspot, Collingwood. This position presents an exceptional opportunity involving a combination of supporting day-to-day transactions and fulfilling the responsibilities of the Hotel Finance department to deliver timely and accurate financial information for the group and maintain control and governance.
As part of this role, your responsibilities will include:
- Providing information on Hotel Finance function required for Monthly Board Reporting for both AIMA and Quest
- Ensuring compliance with the CapitaLand Internal Audit requirements
- Support the property managers on Hotel Finance requirements.
- Onboarding of new hotels for managed and franchisee network.
- Budgets/Forecasts and Business Planning for Managed Hotels, Franchisee Network Hotels including Pre-Franchise
- Oversee the development, application and enforcement of hotel accounting policies and procedures.
- Support the corporate finance team in processing day-to-day accounting transactions related to Hotel Finance.
- Supervise the preparation of annual general purpose and particular purpose financial statements for the Pre-Franchise and UK Hotels as required.
- Development and enhancement of data and the presentation and communication of information to internal stakeholders, as well as in the monthly management, Parent entity, and Board reporting.
- CAPEX and Fixed Asset procurement and reporting for hotels.
- Review, analyze and supervise financial reporting to internal and external users as required.
- Manage the hotel’s insurance in conjunction with the legal team.
- Assist in preparing annual budgets and rolling forecasts for the managed and network hotels.
- Record, track, and speak regularly to ensure the performance of assigned assets and/or portfolios.
- Be part of the project team that plans and undertakes the annual Network franchisee budgeting process (Revenue through to Operating Profit);
- Review of Early Warning reporting and attendance at monthly meetings to discuss with GM – Franchise Operations/FRM team;
- Attendance at FRM weekly update meetings to discuss franchisee issues and processes.
- Maintain for integrity of franchisee reporting (incl. MYOB, benchmarking, QIS, EWS) produced by IT Dept.
- Participate hotel audits and help in prepping up for the CLIA audit.
- Lead and manage the activities and priorities of the Finance team to drive high performance and engagement in line with overall business objectives.
The ideal candidate
- Degree qualified, with membership of a professional association and an accounting qualification like CA, CPA or equivalent.
- At least 7 years’ experience in a finance leadership role within a managed or franchised hotel, multi-property exposure desirable.
- Proven experience in developing accounting policies and procedures and efficient business processes.
- Prior experience in the implementation of financial accounting systems or the reengineering of such systems.
- Prior experience with Oracle and MYOB accounting systems will be well regarded.
- Demonstrated leadership, staff supervision/mentoring, and change management experience.
- Ability to demonstrate a high level of attention to detail
- Superior oral and written communication, presentation and demonstration skills
- Ability to liaise and build strong relationships with key customers (internal/external).
- Ability to perform duties in dynamic working environment
Culture and Benefits
- Access to a comprehensive Employee Assistance Program for personal and professional support.
- Enjoy a standard hybrid working model, providing flexibility in your work environment.
- Benefit from market-leading work-life balance leave types, including Culture Leave, Family Leave, Parental Leave, Menopause and Menstrual Leave, Fertility Treatment Leave, and Volunteer Leave.
- Exclusive employee discounts on hotel rooms for you, your family and friends
- Seize the opportunity to receive incentives through the Employee Referral Program
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