Director of Finance
Property: COMO Hotels and Resorts Corporate Office
Position: Director of Finance
Base Location: Singapore
Department: Finance
Reporting to: Vice President Finance
Tasks/Responsibilities:
Financial Reporting, Accounting & Consolidation:
- Oversee the preparation, review and consolidation of monthly, quarterly and annual financial statements for all properties, subsidiaries and corporate entities.
- Ensure timely and accurate financial reporting in accordance with IFRS, company policies, statutory requirements and regulatory standards.
- Review monthly management accounts, balance sheet reconciliations, journal entries and financial performance reports.
- Analyse financial results and provide meaningful commentary on key business drivers, risks, opportunities and performance trends.
- Prepare executive-level financial reports and presentations for the Vice President Finance, Executive Committee, Board and ownership.
- Ensure proper maintenance, safeguarding and retention of accounting records and financial information.
Financial Planning, Budgeting & Forecasting:
- Lead the annual budgeting process across all properties and corporate functions.
- Coordinate operating budgets, capital expenditure budgets, long-range plans and rolling forecasts.
- Review monthly forecasts and provide recommendations to improve forecast accuracy and financial performance.
- Conduct financial modelling, scenario analysis and business case evaluations to support strategic decisions.
- Monitor budget performance and ensure timely identification and resolution of material variances.
- Assist the Vice President Finance in preparing consolidated Group operating and capital budgets with commentary and performance reviews.
Operational Finance & Business Partnership:
- Partner with hotel operations teams to improve financial and operational performance.
- Analyse key hospitality performance indicators including RevPAR, ADR, Occupancy, GOP and EBITDA.
- Support operational decision-making through financial analysis and commercial insights.
- Conduct periodic reviews of property financial performance, operational effectiveness and compliance with Group standards.
- Provide finance expertise, coaching and guidance to hotel finance teams, corporate finance team and department heads.
Treasury, Cashflow & Working Capital Management:
- Oversee Group cashflow planning, liquidity management and funding requirements.
- Monitor working capital performance and optimise cash utilisation across the portfolio.
- Review property cashflow forecasts and funding needs.
- Ensure timely collection of receivables, including management fees and reimbursable expenses, and effective management of payables.
- Support banking relationships, financing arrangements and covenant compliance.
- Identify financial risks and escalate significant issues to senior management.
Internal Controls, Compliance & Governance:
- Ensure implementation and consistent application of Group Finance Policies, Standard Operating Procedures and governance standards.
- Maintain robust internal control frameworks to safeguard Group assets and financial integrity.
- Monitor compliance with statutory, regulatory, tax and audit requirements across all jurisdictions.
- Review corporate tax computations and tax filings and coordinate responses to tax authorities.
- Coordinate internal and external audits and ensure timely resolution of audit findings.
- Review and strengthen finance processes, systems and controls to enhance efficiency and mitigate risk.
- Liaise with overseas advisors, agents and auditors to ensure local and overseas statutory compliance.
Capital Expenditure, Asset Management & Hotel Openings:
- Review and evaluate capital expenditure proposals, investment business cases and asset enhancement projects.
- Ensure compliance with approved capital approval processes and investment policies.
- Monitor capital expenditure against approved budgets.
- Support pre-opening hotels and ensure compliance with Hotel Management Agreements, local regulations, USALI requirements and brand standards.
- Verify that pre-opening requirements are fulfilled, including permits, licences, insurance coverage, bank account set-up, settlement of pre-opening costs and funding of operating accounts.
- Monitor compliance with FFE reserve and owner-related financial obligations where applicable.
Leadership, Team Development & Stakeholder Management:
- Lead, coach and develop the corporate finance team and support development of property finance leaders.
- Foster collaboration, accountability, knowledge sharing and continuous improvement.
- Build strong working relationships with operational and corporate stakeholders.
- Promote a positive, high-performance culture with strong colleague engagement.
- Conduct performance reviews, provide constructive feedback and support career development plans.
Strategic Projects & Corporate Support:
- Lead or participate in finance transformation, systems implementation and process improvement projects.
- Support hotel openings, management agreements, due diligence reviews, ownership reporting and business development initiatives.
- Act as a trusted advisor to the Vice President Finance and operational leadership.
- Serve as delegate to the Vice President Finance during periods of absence.
- Perform any additional duties reasonably assigned by management.
Job Requirements:
- Bachelor’s Degree in Finance, Accounting, Business Administration or related discipline.
- Professional accounting qualification such as CPA, CA, ACCA, CIMA or equivalent preferred.
- CFA qualification would be an advantage.
- Minimum 10 years of progressive finance experience.
- At least 8 years within hospitality finance, including significant exposure to hotel operations.
- Experience in a multi-property, regional or corporate hospitality finance environment.
- Previous experience as Director of Finance, Cluster Director of Finance, Senior Finance Manager or equivalent leadership role preferred.
- Experience supporting luxury hotel or resort operations is highly desirable.
- Experience managing multi-country entities, statutory compliance and corporate reporting.
- Strong knowledge of international financial reporting standards (IFRS); knowledge of USALI preferred.
- Strong expertise in budgeting, forecasting, treasury, internal controls and financial analysis.
- Proficiency in Microsoft Excel, PowerPoint and Word.
- Experience with SunSystems, Workday, Power BI or equivalent finance systems is advantageous.
- Strong analytical, problem-solving and communication skills.
- Ability to manage multiple stakeholders and operate effectively in a fast-paced international environment.
CONTACT US
We are always looking for talented people to join us at COMO. If you would like to send us your resume for a position not advertised please send your resume to us.