About Langham Hospitality Group
A wholly-owned subsidiary of Great Eagle Holdings, Langham Hospitality Group (LHG) comprises a family of distinctive brands, including The Langham Hotels and Resorts, Cordis Hotels and Resorts, Eaton Workshop and Ying’nFlo. With over 40 hotels andresidences in operation or development, LHG has a global footprint that extends across Asia, Europe, North America, Australasia, and the Middle East.
LHG's approach to hospitality centers on open and genuine interactions with guests, colleagues, and the world aroundus. With dedicated colleagues across four continents, we foster anengaging and respectful workplace to nurture careers, delight guests, and embrace the company's vision to building great memories together.
Key Responsibilities:
1. Supervises financial operationsof all hotels under management in China.
2. Assess organizationalperformance of hotels against both the annual budget and LHG’s long-termstrategy. Suggest areas for improvementand identify opportunities.
3. Oversee long term budgetaryplanning and costs management of hotels in alignment with LHG’s strategic plan.
4. Regularly examine the coststructure and suggest areas for cost efficiency/reduction without affectingoperations.
5. Advise SVP Operations China,regional team and hotels on better costing systems and establish appropriatesystems for apportioning overhead costs to various profit/cost centersaccording to services rendered.
6. Provide meaningful financialand operational information to the SVP Operations China, regional team andhotels regularly. Make actionablerecommendations on both strategy and operations.
7. Develop management reports andtools that operations heads could easily interpret about the business results.
8. Ensure both the financial andthe business prospective of new hotels are well considered.
9. Review the management feestructure, considering market practice and LHG’s running costs. Through thelegal team, ensure the company’s interests are properly protected in allmanagement contracts.
10. Review hotel internal controlsand be aware of key issues, trends, and changes in operating models andoperational delivery. Make improvement recommendations and set key objectivesin a timely manner.
11. Supervise the timely productionof the annual budget for hotels. Review, refine, and implement the system forstrict budget control and adherence. Continuously review and improve thebudgeting and planning process.
12. Lead preparation of financialstatement of the hotels, including annual and quarterly financial reports. Ensure all legally mandated reports are producedon time, accurately, and adhere to standards and regulations. Continuously assess and improve theaccounting and management information system.
13. Ensure the highest standards ofprofessional conduct, ethics and integrity in the hotels’ Finance division. Setdivisional performance objectives and regularly review performance.
14. Develop and implement managerdevelopment and succession plans to ensure the managing functions have trainedand experienced personnel.
15. Make periodic visits to hotelsto review business performance, key financial and business issues, balancesheet and finance department operations.
16. Assist Development Team withHotel Management Agreement negotiation for new projects.
17. Take the lead with new hotelopenings' financial and accounting aspects.
18. Work with the hotels to developmore accurate forecasting techniques, and to act on the outcome of forecastupdates. Support hotels on major pricing decisions and other commercial decisionsmaking.
19. Ensure compliancewith procurement policies and procedures in hotels.
20. Periodical review ofprocurement function in hotels to dismiss any fraudulent activities.
21. Other duties &/or tasks asreasonably assigned by the immediate supervisor / the Company.
Requirement:
1. Bachelor’s degree in accountingor finance required.
2. Certified Public Accountantstatus highly desired.
3. At least ten years ofexperience in the financial function of a company required.
4. Excellent verbal and writtencommunication skills.
5. Thorough knowledge of financialand legal best practices and requirements with a proven ability to provideexecutive leadership sound and ethical financial counsel.
6. Thorough understanding of andpersonal involvement with systems and methodologies of finance andadministration.
7. Strong analytical andproblem-solving skills.
8. Excellent organizational skillsand attention to detail.
9. Strong supervisory andleadership skills.
10. Proficient with MicrosoftOffice Suite or related software.
11. Proficiency in written andspoken English and Mandarin required.
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