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For Companies At a Glance
- Tasks: Lead the finance function and provide strategic guidance to achieve business objectives.
- Company: Starboard Hotels is a family-owned business with 21 hotels and 28 restaurants under top brands.
- Benefits: Join a dynamic leadership team and influence growth in a thriving hospitality environment.
- Why this job: Be part of a family-oriented company making an impact in the hotel industry with exciting growth opportunities.
- Qualifications: Must have ACA/ACCA/CIMA or equivalent and experience in senior finance roles within hotels.
- Other info: Applications managed by Goodman Masson; direct applications will be redirected.
The predicted salary is between 72000 - 108000 £ per year.
Job Description
Starboard Hotels have partnered with Goodman Masson on a retained basis in their search for a new CFO to lead their finance function.
The Company
Starboard Hotels is a family owned business with a portfolio of 21 hotels and 28 delivery restaurants, with independent non-branded and franchised hotels and restaurants under world leading brands such as Accor, IHG, Hilton, Wyndham, Best Western and Yum.
The Role
Working closely with the MD and Chairman as part of the leadership team to provide strategic and financial guidance and to support the development and achievement of corporate business objectives. With the support of the Group Financial Controller and wider finance team, you will ensure all necessary controls, policies, and procedures are in place to ensure the sound financial management of the business.
Key Responsibilities
- Manage and improve the business profitability and assist with growth and expansion of the Group with a focus on sustainable cash flow development.
- Assist in the strategic growth of the company from improving current trading to further acquisitions.
- Develop and manage banking and accounting relationships.
- Leadership and control and development of the finance team.
- Develop and oversee the company’s annual operating budget to ensure that all financial targets are met and that the business is compliant with all financial and statutory requirements.
- Work closely with the Commercial Director and Operations Director on revenue forecasts.
- Support the appraisal of new hotel acquisitions and development opportunities.
- Ensure effective treasury and cash flow management.
- Oversee the monthly payroll and expenses cycle.
- Monitor external contracts and services provided by suppliers, including the management and further development of banking relationships.
Qualifications and Experience
- ACA/ACCA/CIMA or equivalent.
- A proven track record within a senior finance role within hotels or a multi-site environment.
- Knowledge of banking and funding procedures and relationships with key funding partners.
- Experience of financial controls and improving processes and procedures.
- Commercial experience of supporting the development of organisational strategy and undertaking acquisition investment appraisals.
- Knowledge of franchise business models.
All direct and third party applications will be sent onto Goodman Masson who are managing the process on behalf of Starboard Hotels.
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CFO employer: Starboard Hotels
Contact Detail:
Starboard Hotels Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land CFO
✨Tip Number 1
Make sure to highlight your experience in managing finance teams and improving financial processes. Starboard Hotels is looking for someone who can lead and develop their finance function, so showcasing your leadership skills will be crucial.
✨Tip Number 2
Familiarize yourself with the hotel and restaurant industry, especially regarding franchise business models. Understanding the nuances of this sector will help you stand out as a candidate who can contribute to strategic growth.
✨Tip Number 3
Network with professionals in the hospitality finance sector. Building relationships with key players can provide insights into the company culture at Starboard Hotels and may even lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with banking and funding procedures. Since the role involves developing banking relationships, demonstrating your knowledge in this area will be essential during interviews.
We think you need these skills to ace CFO
Some tips for your application 🫡
Understand the Company: Research Starboard Hotels and their portfolio. Familiarize yourself with their business model, values, and recent developments in the hospitality industry to tailor your application.
Highlight Relevant Experience: Emphasize your experience in senior finance roles, particularly within hotels or multi-site environments. Provide specific examples of how you've improved financial processes or contributed to strategic growth.
Showcase Leadership Skills: Demonstrate your leadership capabilities by detailing your experience in managing finance teams and developing talent. Mention any successful initiatives you've led that resulted in improved team performance.
Tailor Your Application: Customize your CV and cover letter to reflect the key responsibilities and qualifications mentioned in the job description. Use relevant terminology and focus on how your skills align with the company's objectives.
How to prepare for a job interview at Starboard Hotels
✨Understand the Company Culture
Before your interview, take some time to research Starboard Hotels and their family-owned business model. Understanding their values and culture will help you align your answers with what they are looking for in a CFO.
✨Showcase Your Financial Expertise
Be prepared to discuss your experience in financial management, particularly in the hotel or multi-site environment. Highlight specific examples where you've improved profitability or managed complex financial processes.
✨Discuss Strategic Growth Initiatives
Since the role involves assisting in strategic growth, come ready to share your thoughts on potential growth strategies. Discuss any past experiences where you successfully contributed to a company's expansion or acquisition.
✨Prepare for Leadership Questions
As a CFO, you'll be leading a finance team. Be ready to talk about your leadership style, how you develop your team, and how you ensure effective communication within the finance function and across departments.
