Job Description

Job Title: Finance Controller- Hospitality (Owner Representative)

Position Overview:

We are seeking a dynamic and experienced Finance Controller to serve as the owner representative for overseeing the financial performance of our hospitality assets. In this role, you will be responsible for managing the financial operations of our portfolio, which includes two 5-star properties, one 4-star property, and one 3-star property, all operated by esteemed international operators. Additionally, you will oversee the financial management of two F&B units operated by a Turkish operator. The ideal candidate will possess a strong background in finance, hospitality management, and strategic decision-making.

Key Responsibilities:

Financial Performance Management:

· Develop and implement financial strategies to optimize the performance and profitability of the hospitality assets.

· Analyze financial statements, budgets, and forecasts to identify trends, variances, and opportunities for improvement.

· Monitor key financial metrics, including revenue per available room (RevPAR), average daily rate (ADR), occupancy, and food and beverage revenue.

Owner Representation:

· Act as the primary liaison between ownership and hotel management teams, providing financial expertise and guidance to support decision-making.

· Prepare and present financial reports, forecasts, and analyses to ownership, highlighting performance trends and areas of concern.

· Represent ownership interests in negotiations with hotel operators, vendors, and other stakeholders to ensure alignment with financial objectives.

Budgeting and Forecasting:

· Lead the annual budgeting process for the hospitality portfolio, working closely with hotel management teams to establish revenue targets and expense budgets.

· Develop comprehensive financial forecasts and projections to support long-term planning and investment decisions.

· Monitor budget performance throughout the year, identifying variances and implementing corrective actions as needed.

Cash Flow Management:

· Manage cash flow and liquidity for the hospitality assets, ensuring adequate funding for operating expenses, capital expenditures, and debt service obligations.

· Monitor receivables and payables, optimizing cash conversion cycles and minimizing working capital requirements.

· Implement cash management strategies to maximize returns on idle funds and mitigate financial risks.

Financial Analysis and Reporting:

· Conduct in-depth financial analyses to evaluate investment opportunities, asset performance, and ROI.

· Prepare ad-hoc financial reports and analyses as requested by ownership, providing insights into business performance and strategic implications.

· Develop key performance indicators (KPIs) and benchmarks to measure and track financial performance across the hospitality portfolio.