Company Description
Fairmont Hotels & Resorts is where the intimate equally coexists with the infinite – an unrivaled portfolio of more than 90 extraordinary hotels where grand moments of life, heartfelt pleasures and personal milestones are celebrated and remembered long after any visit. Since 1907, Fairmont has created magnificent, meaningful and unforgettable hotels, rich with character and deeply connected to the history, culture and community of its destinations – places such as The Plaza in New York City, The Savoy in London, Fairmont San Francisco, Fairmont Banff Springs in Canada, Fairmont Peace Hotel in Shanghai, and Fairmont The Palm in Dubai. Famous for its engaging service, awe-inspiring public spaces, locally inspired cuisine, and iconic bars and lounges, Fairmont also takes great pride in its pioneering approach to hospitality and leadership in sustainability and responsible tourism practices. Fairmont is part of Accor, a world leading hospitality group counting over 5,400 properties throughout more than 110 countries, and a participating brand in ALL - Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences.
Job Description
As the Finance Manager, you will be responsible for overseeing all financial aspects of the pre-opening phase of Fairmont Mumbai, including budgeting, forecasting, financial planning and analysis, and internal controls. You will play a key role in ensuring the financial success and sustainability of the hotel by providing strategic financial guidance and implementing sound financial practices.
Key Responsibilities: Financial Planning and Analysis: Develop, implement, and manage comprehensive financial plans, budgets, and forecasts for the pre-opening phase, in alignment with corporate objectives and industry standards.Financial Reporting: Prepare accurate and timely financial reports, including monthly financial statements, variance analysis, and key performance indicators (KPIs), to senior management and corporate headquarters.Cash Flow Management: Monitor cash flow projections and liquidity requirements, optimize cash resources, and implement cash management strategies to ensure adequate funding for pre-opening activities and ongoing operations.Cost Control: Implement cost control measures and monitor expenses to ensure adherence to budgetary constraints and maximize profitability while maintaining high-quality standards.Internal Controls: Establish and maintain robust internal controls and financial procedures to safeguard assets, prevent fraud, and ensure compliance with company policies, accounting standards, and regulatory requirements.Financial Risk Management: Identify, assess, and mitigate financial risks associated with pre-opening activities, including market risks, currency risks, and operational risks, through proactive risk management strategies.Capital Expenditure Management: Manage capital expenditure projects, evaluate investment opportunities, and coordinate with project teams to ensure cost-effective allocation of resources and timely completion of projects.Financial Strategy Development: Develop and recommend financial strategies and initiatives to drive revenue growth, cost optimization, and operational efficiency, in collaboration with cross-functional teams.Team Leadership: Lead and mentor the finance team members, providing guidance, coaching, and support to foster their professional development and ensure high performance. Qualifications
Bachelor's degree in Finance, Accounting, Business Administration, or related field; Master's degree or professional certification (e.g., CPA, CFA) preferred.Minimum of 7 years of progressive experience in finance and accounting roles, preferably in the hospitality industry or a related field, with at least 3 years in a managerial capacity.Strong financial acumen with a deep understanding of financial principles, practices, and regulations.Excellent analytical skills with the ability to interpret financial data, analyze trends, and develop actionable insights.Proficiency in financial modeling, budgeting, forecasting, and financial software (e.g., SAP, Oracle).Strong leadership and team management skills, with the ability to motivate and inspire team members to achieve organizational goals.Excellent communication, presentation, and interpersonal skills, with the ability to interact effectively with senior management, stakeholders, and external partners. Additional Information
Our commitment to Diversity & Inclusion: We are an inclusive company, and our ambition is to attract, recruit and promote diverse talent.
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