Assistant Manager Finance

Job Overview

We seek a seasoned Assistant Finance Manager with 6 to 9 years of comprehensive finance and accounting expertise, including at least 3 years specifically in the travel, tourism, or hospitality sectors. The successful candidate will demonstrate solid proficiency in financial management, accounting operations, budgeting, reporting, cash flow oversight, internal controls, and leadership of finance teams. This role demands the capability to independently manage critical finance functions while assisting the Finance Manager and senior executives in financial planning and informed business decision-making.

Core Duties

• Support the Finance Manager in overseeing all finance and accounting operations.
• Generate and evaluate monthly, quarterly, and annual financial statements and management reports.
• Keep track of income, expenses, profit margins, cash flow, receivables, and payables.
• Provide in-depth financial analysis and actionable insights to management.
• Assist with budgeting, forecasts, and strategic business planning.
• Produce variance analyses, financial dashboards, and performance reports.
• Oversee accurate and punctual month-end and year-end closing procedures.

Industry-Specific Financial Management

• Administer and supervise financial dealings related to travel operations such as ticketing, hotel reservations, packaged tours, commissions, supplier payments, and other revenue segments.
• Manage collection processes for receivables from corporate and individual clients.
• Ensure prompt and precise payment reconciliations with suppliers and vendors.
• Monitor commissions, incentives, refunds, credit notes, and related financial transactions affiliated with travel agencies.
• Reconcile accounts with airlines, hotels, and other travel service providers.
• Apply correct accounting treatments for all travel-related financial activities.

Budgeting and Cost Regulation

• Contribute to drafting yearly budgets, forecasts, and financial planning.
• Supervise departmental and business unit spending within approved budget frameworks.
• Identify opportunities for cost optimization and suggest remedial actions.
• Conduct variance analyses and report material deviations to senior management.
• Support evaluation of financial consequences for new business ventures.

Leadership and Team Management

• Lead, manage, and mentor the finance and accounting personnel.
• Distribute tasks efficiently and ensure timely completion of work.
• Assess team performance and provide constructive feedback and coaching.
• Establish well-defined performance standards and foster accountability.
• Participate in hiring, orientation, training, and professional growth of finance staff.
• Cultivate a cooperative and high-achievement-oriented finance team culture.
• Address and resolve operational and accounting challenges within the team.

Internal Controls and Regulatory Compliance

• Maintain robust internal financial controls and enforce compliance with company policies.
• Detect financial risks and implement appropriate control strategies.
• Ensure adherence to applicable accounting standards, tax laws, and regulatory requirements.
• Coordinate audits and provide necessary documentation.
• Periodically review and improve financial processes.

Cash Flow and Account Monitoring

• Oversee daily cash flow and liquidity management.
• Manage receivables and payables with an emphasis on timely collections and payments.
• Ensure consistent monitoring of bank balances and reconciliation procedures.

Process Enhancement

• Identify inefficiencies and gaps in finance operations.
• Introduce improvements to accounting protocols, reporting frameworks, and internal controls.
• Support digitalization and automation initiatives in finance processes.
• Ensure precision and completeness in accounting records and documentation.
• Collaborate across departments to enhance financial processes.

Leadership Expectations

• Exhibit effective leadership and team management capabilities.
• Take initiative in finance operations and sound decision-making.
• Apply strong analytical and problem-solving skills.
• Work efficiently under pressure to meet deadlines.
• Communicate clearly and manage stakeholders effectively.
• Collaborate productively with senior leaders and cross-functional teams.
• Possess strong commercial insight into business profitability.
• Adopt a proactive stance towards identifying financial risks and opportunities.

Required Qualifications & Experience

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• Mandatory ACCA or CMA certification.
• 6 to 9 years overall experience in finance and accounting.
• At least 3 years in the travel and tourism or related fields.
• Proven track record in finance leadership or supervisory roles.
• Solid experience in financial reporting, budgeting, forecasting, reconciliations, and analytics.
• Expertise in leading finance teams.
• Comprehensive knowledge of accounting principles and internal controls.
• Familiarity with accounting or ERP software and advanced proficiency in MS Excel.
• Experience interacting with auditors, banks, suppliers, and senior management is advantageous.