Director of Finance

The Director of Finance is responsible for the strategic management of the Montego Bay Convention Center financial resources to ensure the effective, efficient and economical use.

KEY RESPONSIBILITIES

Assists in the development and implementation of facility goals and priorities relating to financial management, budget, accounting, and/or payroll in compliance with Government of Jamaica Regulations and MBCC policies and procedures.

• Reviews and/or prepares event settlements.
• Reviews and executes all cheques and deposits, reviews daily cash receipts and disbursements.
• Monitors and projects daily cash flow.
• Ensures the appropriate practices and procedures are in place in respect of the internal controls and financial reporting systems; related manuals are updated periodically, and operating staff are kept abreast of changes
• Ensures that all purchasing of capital assets, office supplies and facility supplies are in paid in accordance with the procedural, validity and accuracy check in keeping with the FAA regulations.
• Develop and implement all financial reporting, including:
  • Prepares financial statements and other financial reports, including monthly statements, Annual Budget and Annual Report
  • Directs the installation and maintenance of accounting records to show receipts and expenditures.
  • Directs the maintenance of general and subsidiary ledgers, accounts receivables, revenue distribution, depreciation, cost, property, and operating expenses, and insurance records.
  • Analyzes financial performance and cost analyses for all departments; recommends appropriate actions/changes in order to meet business goals.
  • Prepares statements and reports of estimated future costs and revenues.
  • Directs internal audits involving review of accounting and administrative controls.
  • Coordinates preparation of client or external audit materials and financial reporting; implements recommendations of clients as requested.
  • Coordinates year-end report of fiscal performance for the General Manager’s report.
  • Directs the installation and maintenance of any new accounting, timekeeping, payroll, inventory, property and other related procedures and controls.
  • Reviews financial statements with management personnel
  • Represents MBCC at meetings, as directed.
  • Performs other duties as assigned by the Managing Director

• Ensures that there is a system for the maintenance of proper records of the entity financial affairs, the preparation of monthly accounts, financial reports, and annual appropriation accounts in accordance with the requirement of the MoFPS and in keeping with the FAA Act.
• Analyses areas of financial risk in the entity’s operations.
• Provides  guidance through effective planning, delegation, communication, training, mentoring and coaching.
• Coordinates the development of individual work plans and recommends performance targets for the staff assigned.
• Participates in the recruitment and training of staff of the Division.
• Monitors the performance of staff and facilitates the timely and accurate completion of the staff annual performance appraisals and other periodic reviews.

QUALIFICATION AND EXPERIENCE

• Master’s Degree in Finance, Accounting, Business Administration or equivalent
• Five (5) years of accounting experience with three (3) at a Senior Management level;OR

• Bachelor’s Degree in Finance, Accounting, Business Administration or equivalent and Seven (7) years of accounting experience with four (4) at a Senior Management level OR any combination of qualification and experience