happy Arora Hotels staff

Group Finance Director

Competitive

Arora Group is one of the largest privately owned real estate group that owns, develops, operates and manages a group of multi branded hotels and commercial properties across greater London. The group has three main divisions - Hotel, Construction & Commercial Property. Group currently owns and manages 12 hotels. Construction activities include construction of hotels, car parks and commercial office blocks. Commercial property activities include office & space lettings, facilities management and administration of tenant’s service charge.

Responsible for commercial finance operations, audit and controls, statutory compliance, regulatory compliance, stakeholder relations and debt facility compliance.

You will lead the group’s finance function as part of senior executive team member. You will head the Audit & Controls and co-head the IT board and hold the post of data protection officer for the group.

Perform any project work, tasks and reviews as required by CFO.

Key Responsibilities

Solid leadership

  1. Lead a diverse finance team of 50 employees based at head office and decentralised locations.
  2. Responsible in Setting finance vision and objectives with a view to add value and improve financial performance.
  3. Motivating the team through effective communication, positive engagement and recognising accomplishments through promotions.
  4. Instil accountability, enable succession planning, segregation of duties and allow adequate review of all processes.
  5. Maintain the employee annual survey scores above 80%
  6. Liaising with tax team and working closely with the tax director.

Audits & Control

  1. Review, monitor and improve the internal controls environment 
  2. Ensure full regulatory compliance by reviewing through assistance from finance compliance officer.
  3. Maintain a control framework through authorised “delegation of authority” policy and ensure its full compliance.
  4. Implement and improve group finance operating policies and procedures as required.
  5. Review cash integrity testing to ensure revenue capture and uncover fraud & theft. Implement zero tolerance approach to managing frauds & theft.
  6. Ensure current critical controls are fit for purpose. Monitor, review and implement new controls for continuous improvement.
  7. Ensure regulatory compliance of all current and new legislative requirements including GDPR, Corporate Criminal Act, payments practices reporting, gender pay gap reporting.
  8. Review and authorise all documents associated with payroll approval, Payroll amendments, Capital expenditure approval, payments approval and purchase order approvals on a day to day basis in accordance with the group delegation of authority.

Corporate Finance

  1. Managing funding partners and any queries relating to loan covenants.
  2. Doing presentations to the funding partners as required.
  3. Integrating new acquisitions into the business e.g. hotel acquisitions or new openings.
  4. Assisting with group reorganisations to ensure proper bookkeeping of transactions.

Improving efficiency & Productivity

  1. Review all management account monthly to ensure delivery of EBITDA.
  2. Approve payroll monitory amendments as per delegation of authority and ensure payroll productivity is effectively monitored using time and attendance system.
  3. Formulate and oversee working groups to look at various large expense items across the organisation including their usage records, alternative solutions and wastage monitoring with a view to economise at every stage from purchase to consumption.

Performance measurement

  1. Ensure management reporting cycle is complete each month with a view to produce group financial statements for review of board members.
  2. Review business wide KPI reporting in conjunction with operations to ensure cost containment.
  3. Ensure timely & accurate reports for decision making. Focus on forward looking value adding reports.

Business planning

  1. Overlook budgeting and business forecasting processes covering entire group.
  2. Ensure annual management reporting calendar and all deadlines are met and responsibility is delegated to all business managers and finance function heads.

Identifying risks and opportunities

  1. Review business performance & forecasts for all key group companies.
  2. Review current & forecast loan covenants highlighting risks and taking corrective actions.
  3. Review weekly cash flow and ensure all commitments are met and highlight any risk to take corrective actions.
  4. Facilitate production of a business profit recovery plan to mitigate financial risks arising from changes in macro-economic conditions, legislation and compliance.

Key Skills Required:

  • Qualified accountant (CIMA, ACCA, ICAEW or ICAS)
  • Solid senior finance position experience for at least 10 years
  • Strong Communication skills
  • Good interpersonal skills & Demonstrable Initiative
  • Strong analytical skills & attention to detail

Apply now to become our new Group Finance Director!


Apply Now

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