Vice President Finance - Toa Payoh

Job Summary

A key focus is the continuous improvement of financial controls, procedures, and reporting, to drive greater impact and operational efficiency.

The Role

• Oversee CHG’s accounting records and financial reporting to ensure compliance with company policies, statutory regulations, and ownership agreements.
• Maintain accurate and reconciled balance sheets that reflect CHG and managed hotels’ true financial positions.
• Ensure compliance with legal, tax, insurance, and licensing requirements, including managing permits, leases, and contracts that affect financial standing.f
• Coordinate internal and external audits, follow up on corrective actions, and ensure all revenue is captured using control checklists.

• Deliver timely, accurate, and insightful performance reporting to support decision-making.
• Implement benchmarking, KPIs, and balanced scorecards with a focus on historical, forward-looking, and external comparisons.

• Provide financial and commercial support to CHG’s Management and hotel leadership through interpretation, analysis, and recommendations.
• Propose value-added initiatives, constructively challenge existing practices and support business development, pricing, and commercial decisions with sound financial input.

• Support implementation and maintenance of financial systems in both Corporate office and hotel settings to enhance Finance Department effectiveness.

• Use project evaluation to direct capital toward high-return initiatives.
• Ensure accurate and well-judged project authorisations, with required approvals before commitment.
• Conduct post-investment audits and ensure compliance with capital policy and spending controls.

• Take a support role to CHG’s Management and hotel’s General Manager/Director of Finance in strategic and master planning with a forward-thinking approach to uncover new value opportunities.
• Oversee the budgeting process for both Corporate Office and hotels.

• Recruit and retain top talent, promote succession planning, and foster strong colleague relations.
• Educate and develop finance teams; lead with motivation and set measurable goals with regular feedback.
• Enhance financial literacy across the broader Management Team.

• Identify cost drivers and use analysis to encourage cost-conscious decision-making.
• Ensure effective purchasing processes and benchmark costs against peers.
• Identify opportunities for cost reduction and manage financial risk, while operating a lean, efficient Finance Department.

• Ensure best practices in financial accounting and internal controls are continuously reviewed and enhanced for effectiveness and efficiency.
• Maintain robust internal controls to safeguard CHG and hotel assets, manage liabilities, and ensure accurate reporting of revenue and costs, in line with company policies.
• Deliver clear, action-oriented financial reporting that drives management decisions.
• Provide high-level financial and commercial support to both corporate and hotel leadership.
• Leverage IT systems to enhance Finance Department productivity and data quality.

TALENT PROFILE:

• Bachelor's degree in business administration, hospitality management, or a related field. MBA or advanced degree preferred.
• Chartered Accountant or Certified Public Accountant

• Minimum of 10 years of experience in business development, strategic partnerships, or corporate development roles, preferably in the luxury hospitality industry.
• Proven track record of success in driving revenue growth, forging strategic partnerships, and executing complex business deals.
• Proven track record in managing investors and the Board of Directors.

• Strong financial acumen with the ability to analyze financial data, evaluate investment opportunities, and assess ROI.
• Excellent negotiation and communication skills, with the ability to influence and persuade key stakeholders at all levels.
• Strategic thinker with a results-oriented mindset and a passion for innovation and growth.
• Ability to thrive in a fast-paced, dynamic environment and manage multiple projects simultaneously.
• Leadership experience with a track record of building and leading high-performing teams.

Kindly note that only shortlisted candidates will be contacted.