Company Description
Ascott Tay Ho Hanoi is a premier destination nestled along the serene shores of West Lake in Hanoi, Vietnam. Offering seamless access to the city's renowned Old Quarter and vibrant business districts, it blends convenience and an idyllic ambiance. Known for its prestigious setting, the property is an ideal blend of modern sophistication and scenic tranquility. Guests and visitors alike enjoy access to world-class amenities in the heart of the capital.
Role Description
This is a full-time, on-site Director of Finance role located in Hanoi. The Director of Finance will oversee the financial operations, ensuring accurate financial reporting and compliance. Day-to-day responsibilities include financial planning, preparation of financial statements, developing strategies for optimizing financial performance, and delivering insightful financial analyses to support strategic decision-making. The Director will also ensure the preparation of timely reports in alignment with organizational and regulatory requirements, while managing financial risks and budgets effectively.
Financial Management & Strategic Planning
- Lead the annual budgeting process and monthly forecasting to provide accurate financial projections.
- Analyze financial performance against budgets and provide actionable insights to the Executive Committee to optimize revenue and manage costs.
- Manage cash flow, capital expenditure (CAPEX), and working capital effectively.
Financial Reporting & Compliance
- Oversee the timely and accurate preparation of monthly, quarterly, and annual financial statements.
- Ensure full compliance with Vietnam Accounting Standards (VAS), International Financial Reporting Standards (IFRS), and local tax regulations.
- Coordinate with internal and external auditors to ensure smooth audit processes.
Internal Controls & Risk Management
- Maintain a robust internal control environment to safeguard company assets and minimize financial risk.
- Review and approve all contracts, purchase orders, and payment cycles.
- Ensure strict adherence to The Ascott Limited's global financial policies and SOPs.
Team Leadership & Development
- Manage, mentor, and develop the Finance & Accounting team (AP, AR, Income Audit, General Ledger, Cost Control).
- Foster a culture of accountability, integrity, and continuous improvement within the department.
Stakeholder Collaboration
- Work closely with the Sales & Marketing and Operations teams to review pricing strategies and productivity.
- Assist the General Manager in owner relations by providing transparent and professional financial reporting.
JOB REQUIREMENTS
- Education: Bachelor's or Master's degree in Accounting, Finance, or Business Administration. CPA, ACCA, or CMA certification is highly preferred.
- Experience: Minimum of 35 years of experience in a similar role within the Hospitality industry (5 star hotels or luxury serviced residences).
- Skills:
- Mastery of hotel accounting software (e.g., Opera, Oracle,...).
- Advanced Excel skills and financial modeling.
- In-depth knowledge of Vietnam tax laws and statutory requirements.
- Competencies:
- Experiences in set-up and pre-opening properties
- Strong leadership, analytical thinking, high integrity, and excellent English communication skills (written and verbal).
- Expertise in Financial Planning and managing budgets effectively
- Strong knowledge of Financial Statements and Financial Reporting processes
- Proven Analytical Skills with the ability to evaluate and develop financial strategies
- Proficiency in Finance principles and practices
- Strong leadership abilities and team management experience
- Excellent communication and problem-solving skills, with a detail-oriented mindset
