Job
Title : Director of Finance
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Work Location : Hilton Istanbul Bomonti Hotel &
Conference Center
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lang="EN-GB" style="font-size: 12pt;">Contract Location :
Hilton Istanbul Bomonti Hotel & Conference Center
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Department : Operations Finance
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Reporting To : Hotel General Manager, with dotted
line to Country Finance LeaderDirector of Finance plays
a critical role in overseeing and enhancing the financial performance of
the hotel (assigned portfolio of hotels if applicable). This position serves
as a key business partner to the General Manager(s),senior hotel management
teams and business stakeholders contributing to strategic decision-making
and ensuring alignment with business objectives.
style="font-size: 12pt;">This role demands a strategic mindset, robust financial
expertise, and deep knowledge of the hotel industry to maximize value creation,
drive operational efficiency and effectiveness, and ensure sustainable
profitability and ownership returns. The Director of Finance is also responsible
for spearheading the financial strategy of the hotel, aligning it with company
objectives, optimizing overall business performance, and fostering growth
by providing financial analysis and insights to non-finance teams, enabling
them to make informed commercial decisions.
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vertical-align: middle;">
Works in close
collaboration with the Türkiye Finance CoE team and operates as a unified team
to achieve the above objectives.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Who are we looking
for?
style="font-size: 12pt;">We seek a dynamic finance professional with at least
five years of progressive experience in Accounting and Finance and a degree
in Accounting, Finance, or Tourism Administration. Advanced qualifications such
as CPA, ACA, ACCA, CIMA, or MBA are highly desirable.
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vertical-align: middle;">
Key
Attributes and Skills:- Unconventional thinking and a willingness to challenge the status quo
with innovative solutions. -
lang="EN-GB" style="font-size: 12pt;">Comprehensive knowledge of the hotel
industry, coupled with expertise in financial modelling, reporting systems,
and performance tracking tools. -
lang="EN-GB" style="font-size: 12pt;">Strong strategic thinking,
problem-solving, and negotiation skills.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Proficiency in stakeholder engagement and effective
communication.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Experience leveraging models, tools, and big data
to drive results. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Hands-on, result-oriented, and capable of delivering
impactful outcomes.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Preferred
Mindsets:
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Passion for finance or the hospitality sector.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Intellectual curiosity and professional
objectivity.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Empathy and a collaborative attitude towards
colleagues. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Enthusiasm for technology and openness to new
challenges.
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vertical-align: middle;">
About Hilton Turkiye Finance Operating Model: The Hilton
Turkiye Finance Operating Model employs a two-tier structure consisting
of:-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Turkiye Finance Centre of Excellence –
Focused on transaction processing, accounting processes and workflows in each
tower. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Operations Finance – Centered
on strategic, high-value activities to drive business
performance.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Who are we looking
for?
style="font-size: 12pt;">We seek a dynamic finance professional with at least
five years of progressive experience in Accounting and Finance and a degree
in Accounting, Finance, or Tourism Administration. Advanced qualifications such
as CPA, ACA, ACCA, CIMA, or MBA are highly desirable.
style="background-color: white; line-height: normal; margin-bottom: 9pt;
vertical-align: middle;">
Key
Attributes and Skills:- Unconventional thinking and a willingness to challenge the status quo
with innovative solutions. -
lang="EN-GB" style="font-size: 12pt;">Comprehensive knowledge of the hotel
industry, coupled with expertise in financial modelling, reporting systems,
and performance tracking tools. -
lang="EN-GB" style="font-size: 12pt;">Strong strategic thinking,
problem-solving, and negotiation skills.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Proficiency in stakeholder engagement and effective
communication.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Experience leveraging models, tools, and big data
to drive results. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Hands-on, result-oriented, and capable of delivering
impactful outcomes.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Preferred
Mindsets:
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Passion for finance or the hospitality sector.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Intellectual curiosity and professional
objectivity.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Empathy and a collaborative attitude towards
colleagues. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Enthusiasm for technology and openness to new
challenges.
style="background-color: white; line-height: normal; margin-bottom: 9pt;
vertical-align: middle;">
About Hilton Turkiye Finance Operating Model: The Hilton
Turkiye Finance Operating Model employs a two-tier structure consisting
of:-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Turkiye Finance Centre of Excellence –
Focused on transaction processing, accounting processes and workflows in each
tower. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Operations Finance – Centered
on strategic, high-value activities to drive business
performance.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Who are we looking
for?
style="font-size: 12pt;">We seek a dynamic finance professional with at least
five years of progressive experience in Accounting and Finance and a degree
in Accounting, Finance, or Tourism Administration.
Advanced qualifications such as CPA, ACA, ACCA, CIMA, or MBA are highly
desirable.
style="font-size: 12pt;">Key Attributes and Skills:
style="list-style-type: disc;">
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Unconventional thinking and a willingness to challenge
the status quo with innovative solutions.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">
Comprehensive knowledge of the hotel industry, coupled with expertise
in financial modelling, reporting systems, and performance tracking
tools.
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Strong strategic thinking, problem-solving,
and negotiation skills.
lang="EN-GB" style="font-size: 12pt;">Proficiency in stakeholder engagement
and effective communication.
lang="EN-GB" style="font-size: 12pt;">Experience leveraging models, tools,
and big data to drive results.
lang="EN-GB" style="font-size: 12pt;">Hands-on, result-oriented, and capable
of delivering impactful outcomes.
style="background-color: white; line-height: normal; margin-bottom: 9pt;
vertical-align: middle;">
Preferred Mindsets:- Passion for finance or the hospitality sector.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Intellectual curiosity and professional
objectivity.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Empathy and a collaborative attitude towards
colleagues. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Enthusiasm for technology and openness to new
challenges.
style="background-color: white; line-height: normal; margin-bottom: 9pt;
vertical-align: middle;">
About Hilton Turkiye Finance Operating Model: The Hilton
Turkiye Finance Operating Model employs a two-tier structure consisting
of:-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Turkiye Finance Centre of Excellence –
Focused on transaction processing, accounting processes and workflows in each
tower. -
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Operations Finance – Centered
on strategic, high-value activities to drive business
performance.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Primary
Responsibilities:
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lang="EN-GB" style="font-size: 12pt;">Financial
Strategy:
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margin-bottom: 9pt; vertical-align: middle;">Work with key stakeholders to develop medium- and long-term strategies
for achieving sustainable and maximized business returns.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Collaborate with hotel management teams to develop annual operating
and capital budgets, setting key financial objectives.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Oversee balance-of-the-year forecasting, effectively managing risks
and opportunities to optimize business returns.
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vertical-align: middle;">
Performance Monitoring:
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style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Track and analyse key performance indicators (KPIs),
including efficiency, profitability, guest experience, and other non-financial
metrics, to achieve a strong balanced scorecard.
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margin-bottom: 9pt; vertical-align: middle;">
Utilize variance analysis to identify commercial reasons for variances
and implement corrective action plans to address negative
trends.
style="font-size: 12pt;">Benchmarking:
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style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Partner with the Country Finance Leader to benchmark
the hotel’s (portfolio's) performance against internal and external
competitors, identifying opportunities for improvement.
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margin-bottom: 9pt; vertical-align: middle;">
Evaluate financial performance using tools like Hotstats to assess
competitiveness and create a strategic advantage.
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vertical-align: middle;">
Compliance and contract oversight:
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style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Work closely with hotel management and the Turkiye
Finance Center of Excellence team to ensure that the hotel maintains a strong
culture of compliance and operates within Hilton policies
and procedures.
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Ensure compliance with hotel management or lease
agreements, addressing any risks with senior leadership.
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margin-bottom: 9pt; vertical-align: middle;">
Manage vendor and operator contracts in alignment with Hilton’s global
policies, negotiating terms to maximize value in collaboration with Legal,
Supply Management, and Engineering teams.
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margin-bottom: 9pt; vertical-align: middle;">
Ensure full tax compliance: Oversee all local tax matters, including
income and payroll taxes, ensuring accurate calculation, deduction, and timely
remittance, in coordination with owners where appropriate.
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margin-bottom: 9pt; vertical-align: middle;">
Maintain strong governance and documentation: Ensure full cooperation
with external auditors and proper maintenance and regular updating of all leases
and contracts impacting the hotel’s financial position.
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margin-bottom: 9pt; vertical-align: middle;">
Adhere to legal and regulatory requirements: Ensure full compliance
with all applicable laws, financial regulations, permits, and licensing
requirements in the country of operation.
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margin-bottom: 9pt; vertical-align: middle;">
Comply with all Hilton Finance Policies & Procedures and embed
the culture to the hotel finance and non-finance teams.
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margin-bottom: 9pt; vertical-align: middle;">
Lead and maintain strong control environment for the controls that falls
within the remit of on site hotel finance team(s).
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vertical-align: middle;">
Reporting and Presentations:
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style="font-size: 12pt;">Prepare detailed financial reports and presentations
for ownership and leadership, with robust variance analysis
and commentary.
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style="font-size: 12pt;">Facilitate monthly profit and loss (P&L) reviews
and forecast meetings with department heads, developing actionable plans
to enhance performance.
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lang="EN-GB" style="font-size: 12pt;">Stakeholder
Collaboration:
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margin-bottom: 9pt; vertical-align: middle;">Act as a trusted business partner to General Managers and senior hotel
management, aligning operational priorities with strategic
goals.-
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style="font-size: 12pt;">Collaborate with National Procurement, Information
Technology, Turkiye Finance Centre of Excellence, Commercial, Human Resources
and relevant corporate teams to ensure seamless delivery of financial
objectives.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Capital Expenditure and ROI
Initiatives:
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margin-bottom: 9pt; vertical-align: middle;">Lead the development of capital budgets, maintaining compliance
with brand standards.-
lang="EN-GB" style="font-size: 12pt;">Initiate and support return-on-investment
projects, providing analytical insights to calculate payback periods and net
present values (NPVs). -
lang="EN-GB" style="font-size: 12pt;">Maintain capital expenditure tracker
to ensure that spends are kept within control.
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vertical-align: middle;">
Financial Modelling and Insights:
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style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Develop and implement advanced financial analysis
tools, including value chain analysis, opportunity assessment, and cash flow
forecasting, to support strategic decision-making.
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margin-bottom: 9pt; vertical-align: middle;">
Educate non-finance teams on utilizing commercial finance tools
for operational benefits.
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lang="EN-GB" style="font-size: 12pt;">Cash Flow
Management:
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vertical-align: middle;">
Leadership & People Development:
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style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Communicate with the team, delegate tasks, plan ahead
ensuring adequate resources, and maintain smooth day-to-day departmental
operations including shift handovers and briefings.
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margin-bottom: 9pt; vertical-align: middle;">
Understand hotel objectives and departmental impact, cascade clear goals,
foster cross-department collaboration, represent team needs, and keep the team
consistently informed.
lang="EN-GB" style="font-size: 12pt;">Build and develop a high-performing team:
Ensure effective recruitment, onboarding, training, and performance management,
while driving continuous development, financial awareness, and succession
planning within the department.
lang="EN-GB" style="font-size: 12pt;">Provide training in finance
for non-finance teams, enhancing financial literacy and enabling informed
decision-making across departments.
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margin-bottom: 9pt; vertical-align: middle;">
Guiding and coaching operational Heads of Department (HODs),
with training led by the Director of Finance and supported by the General
Manager and Director of Operations, to develop HODs into autonomous business
managers through structured mentorship.
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vertical-align: middle;">
Project
Management:
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Participate in key hotel and regional projects aimed at revenue
generation and cost optimization, driving hotel
profitability.
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lang="EN-GB" style="font-size: 12pt;">Additional
Support:
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Review month-end P&L results produced by the Finance Centre
of Excellence, ensuring financial accuracy before
finalization.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Assist Finance Centre of Excellence and lead on-site
finance teams during audits and with bad debt provisions.
style="background-color: white; color: black; line-height: normal;
margin-bottom: 9pt; vertical-align: middle;">Oversee timely resolution of guest complaints and queries, ensuring root
causes are addressed and lessons learned are embedded into controls
and processes.-
style="font-family: "Hilton Sans", sans-serif;">
style="font-size: 12pt;">Monitor compliance with brand standards, link
performance outcomes to financial KPIs, and drive corrective action plans
to close gaps and sustain improvements.
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vertical-align: middle;">
[OPTIONAL FOR NEW OPENING HOTELS
ONLY]
style="font-size: 12pt;">Pre-opening
Activities:
- Develop pre-opening budgets, including operating
and capital expenditure plans by working closely with Finance and Brand openings
team. - Establish financial forecasts to ensure adequate
funding for pre-opening activities. -
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vertical-align: middle;">Oversee
the setup of financial systems, including accounting software and reporting
tools.
style="font-size: 12pt;">Work closely with Turkiye Finance Center of Excellence
team to establish internal controls and financial policies to ensure smooth
operations post-opening.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Review and approve pre-opening expenses
and contracts.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Provide regular updates on pre-opening
financial performance and risks.
-
style="background-color: white; line-height: normal; margin-bottom: 9pt;
vertical-align: middle;">Define
training requirements and coordinate it with other relevant finance
teams.
style="font-size: 12pt;">Manage and ensure timely completion for all critical
finance pre-opening tasks for successful opening of
the hotel.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Business partner with Hotel General
Manager to ensure that informed commercial decisions are made during
the business ramp-up phase including manning
ramp-up.
style="color: black; font-family: "Hilton Sans", sans-serif;">
lang="EN-GB" style="font-size: 12pt;">Build zero-based multi-year projection
to ensure that commitments as per management/lease or other third party
agreements are met.
