Job Summary: 

The Company is transitioning from an operational entity to an Asset Management structure. We own a prime mixed-use development comprising a Self-Managed Office Tower and a Hotel managed by an International Operator.

We are seeking a highly qualified Financial Controller to safeguard the Owner's financial interests. This is a strategic role responsible for auditing the performance of the Hotel Operator and managing the full financial lifecycle of the Office Tower and Retail assets.

Key Responsibilities:

1. Hotel Asset Management & Owner’s Representation

• Performance Audit: Conduct monthly reviews of the financial reports submitted by the Hotel Operator. Critically validate payroll data, Food & Beverage costs, and operational expenses against the approved budget to ensure ownership interests are protected.

• Cash Flow & Distribution: Monitor the Hotel’s cash position; ensure profit distributions and capital calls are executed in strict accordance with the Management Agreement.

• Capital Expenditure (CapEx) Control: Review and validate all requests for building repairs, equipment replacement, and upgrades to ensure they are necessary, cost-effective, and aligned with the annual asset plan.

2. Office Tower & Retail Financial Management

• Revenue Management: Oversee the complete billing cycle for the Office Tower and retail tenants. Supervise the administrative team to ensure timely collection of rental income and service charges.

• Cost Control: Manage the Profit & Loss (P&L) statement for the Office Tower. Ensure shared operational costs (such as security, cleaning, and utilities) are allocated correctly between the Hotel and Office entities.

• Leasing Support: Collaborate with the Leasing Manager to review and validate the financial terms of new tenant contracts and renewals.

3. Corporate Compliance & Reporting

• Taxation & Statutory Compliance: Manage all Myanmar tax obligations, including Commercial Tax (CT), Corporate Income Tax (CIT), Withholding Tax, and Stamp Duty. Ensure full compliance with the Internal Revenue Department (IRD).

• Banking & Treasury: Manage relationships with local banks regarding financing, loan repayments, and foreign currency exchange management.

• Executive Reporting: Prepare consolidated monthly financial reports in English for the Board of Directors, highlighting key financial risks, variance analysis, and net operating profit performance.

4. Procurement & Contract Oversight (Lean Operations)

• Service Level Agreements (SLA): Manage the commercial contracts for outsourced services (Security and Housekeeping) and shared facility costs. Ensure the Office Tower is not overcharged by the Hotel or external vendors for these services.

• IT & Systems Procurement: Oversee the budgeting and procurement of Building Management Systems (BMS) and office network contracts until a dedicated IT Officer is appointed.

• Vendor Management: Consolidate vendor contracts for the Office Tower to reduce overheads, ensuring strict procurement policies are followed to replace the previous heavy headcount structure.

• Education: Bachelor’s degree in Finance or Accounting. A professional qualification (CPA, ACCA, or equivalent) is highly preferred.

• Experience

  • Minimum 7–10 years of experience in financial management.

  • Mandatory: Prior experience in Hotel Finance, with a strong understanding of the Uniform System of Accounts for the Lodging Industry (USALI).

  • Preferred: Experience in Commercial Real Estate or Property Management (leasing and service charge calculations).

• Language Skills: Professional fluency in English (Written and Spoken) is mandatory. The candidate must be capable of discussing complex financial matters with international operators and reporting to the Board.

• Local Knowledge: In-depth understanding of Myanmar Labor Law, Tax Law, and banking regulations is required.

Key Competencies:

• Integrity & Independence: Ability to act as an independent auditor to objectively assess the Operator's performance.

• Leadership: Ability to supervise, train, and modernize the workflows of the existing accounts and administrative staff.

• Commercial Acumen: A focus on maximizing Net Operating Profit (NOP) and asset value, rather than solely recording transactions.