Cfo And Director Of Finance

pbLocation: /b Southern Italy (on-site) /p pbEmployment type: /b Full-time, permanent /p pbIndustry: /b Hospitality, Hotels and Resorts /p pbDepartment: /b Finance /p pbReports to: /b Ownership, working closely with the General Manager and the hotel operator /p pbOpening: /b Reopening in **, with the appointment covering pre-opening and ongoing operations /p h3About Our Client /h3 pOur client is an upscale leisure resort in Southern Italy, preparing for its reopening in ** after a major refurbishment.
The resort offers rooms, food and beverage, golf, a wellness spa and events.
It will operate under an internationally recognised hotel brand, run by a professional hotel operator.
The owners are building a financially disciplined, high-performing resort for the long term.
They are appointing a senior finance leader who will report directly to them and own the financial integrity of the reopening and beyond.
/p pbThe Opportunity /b /p pWe are seeking an experienced, hands-on hospitality finance leader to prepare the resort financially for reopening and then run its finance function.
/p pAppointed by ownership and reporting directly to ownership, you will protect the owners' financial interests, establish reliable reporting and controls, manage cash requirements and support commercial decisions across rooms, food and beverage, golf, spa and events.
You will work closely with the General Manager and the operator to deliver a financially disciplined reopening and to improve the resort's profitability and cash generation.
/p h3What You Will Do /h3 pb1.
Lead pre-opening financial management /b /p ul liPrepare and manage the pre-opening budget, covering recruitment, training, systems, marketing, opening inventories, operating supplies and working capital.
/li liBuild a monthly operating forecast for the first 24 months, reflecting seasonality, occupancy growth, room rates, departmental revenues, staffing and operating costs.
/li liAssess the financial implications of phased opening, programme delays and changes in operating assumptions, recommending actions and funding requirements.
/li liWork with the Project Manager and Cost Controller to consolidate refurbishment expenditure, contractual commitments, approved variations, payments and the forecast cost to complete.
/li liEstablish payment controls requiring appropriate approvals and supporting certification before contractor and consultant payments are released.
/li liIdentify and elevate financial risks affecting the opening date, available funding or operating readiness.
/li /ul pb2.
Build finance systems and controls /b /p ul liEstablish the accounting structure and departmental reporting framework, aligned with ownership requirements, the operator's reporting standards and applicable Italian accounting requirements.
/li liImplement and test interfaces and reconciliations between hotel booking, property management, restaurant point-of-sale, inventory, payroll and accounting systems.
/li liEstablish procedures for purchasing, supplier onboarding, invoice approval, payments, revenue reconciliation, guest deposits, refunds, credit control and cash handling.
/li liMaintain an approval matrix with clear expenditure limits, bank authorities and segregation of duties.
/li liEstablish fixed-asset records and controls over hotel equipment, operating supplies, food and beverage inventories and other material assets.
/li /ul pb3.
Drive operating finance and commercial performance /b /p ul liLead annual budgeting, regular forecasting and financial analysis, working with the GM and department heads to set realistic revenue and cost targets.
/li liMonitor profitability across rooms, food and beverage, golf, spa and events, identifying underperformance and recommending corrective action.
/li liSupport revenue management and commercial decisions by evaluating pricing, distribution costs, packages, group bookings, events and customer profitability.
/li liMonitor payroll, staffing productivity, food and beverage costs, purchasing, utilities, maintenance and other major expenses.
/li liAssess proposed capital expenditure and operational investments, including expected returns, cash requirements and ongoing operating costs.
/li liTrack agreed actions with department heads and report their financial results to ownership, the GM and operator.
/li /ul pb4.
Manage cash and accounting /b /p ul liMaintain a rolling 13-week cash-flow forecast and longer-term funding projections, highlighting potential shortfalls early.
/li liManage banking, working capital, receivables, supplier payments and financial commitments within approved authorities.
/li liOversee general ledger accounting, accounts payable and receivable, payroll coordination, income audit, reconciliations and financial reporting.
/li liDeliver accurate monthly and annual accounts, with clear expl