Cluster Senior Finance & Accounting Manager Correggio

Cluster Senior Finance & Accounting Manager
Correggio
Emilia Romagna, Correggio

Who We Are: Extraordinary places, passionate people, and shared learning experiences: this is Aethos. We believe that traveling and hospitality should leave a lasting positive impact on the mind, body, and soul. That's the reason why we choose our locations very carefully and work together with people who want to be part of a community instead of just "having a job". Everyone who works at Aethos can make a personal impact on the community and company - great ideas can come from anywhere. We are a young and dynamic hospitality company that understands the value of time with friends and loved ones. We make a conscious choice towards sustainability and wellbeing, and the luxury of time and space. We stand for freedom from the stresses and anxieties of modern life. We want to be the first choice for anyone who seeks respite and refuge from the boring, the stressful, and the unsustainable. That's why we define hospitality differently: while all of our decisions should be made with the community and needs of our guests in mind, we always thrive to create a community that we want to be part of and that improves the world around us. We invite you to be part of our story.

Our Hotels and Clubs:

Aethos currently operates six properties and with more openings coming in 2025. The hotels in its portfolio currently includes Aethos Milan, Aethos Monterosa (located in the Italian Alps), Aethos Saragano (in Umbria), Aethos Sardinia, Aethos Corsica, and Aethos Ericeira (north of Lisbon). Coming in 2025, Aethos Mallorca (June 2025) and Aethos Madrid (October 2025). The portfolio consists of a mix of urban and leisure destinations, all aimed at providing an exceptional guest experience. Aethos has also recently opened its first members club in Milan, marking the beginning of its global network of members clubs. Aethos aims to create a collection of properties that will serve as clusters for its members and guests to enjoy. These clusters will comprise a city destination and a countryside or seaside destination within driving distance, offering a diverse range of experiences. The first of these clusters is located in Milan and Monterosa, and the next cluster will be in Lisbon and Ericeira.

Position Overview:

The Cluster Senior Finance & Accounting Manager will oversee and actively participate in all financial operations for four hotels (Milan, Sardinia, Monterosa, Saragano). This hands-on role requires direct involvement in day-to-day financial activities, from pre-opening tasks to post-launch operations. The ideal candidate will be comfortable with both strategic financial management and operational accounting tasks.

Financial Operations & Reporting:

Manage daily accounting functions, including booking and paying invoices, accounts payable, accounts receivable, and general ledger activities for the hotels along with the team members. Prepare and analyse financial reports, including P&L, Balance Sheet, and cash flow statements. Conduct monthly reconciliations of key accounts and ensure timely financial close processes. P&L Management:

Manage the P&L for all hotels from the pre-opening phase through ongoing operations, ensuring revenue streams and costs are properly monitored. Collaborate with hotel General Managers and department heads to optimize financial performance, reducing costs where necessary and maximizing profitability. Track and analyze key performance indicators (KPIs), including Gross Operating Profit (GOP), for all properties. Balance Sheet Management:

Ensure the accuracy and integrity of the Balance Sheets for all hotels, including pre-opening capital expenditures, liabilities, and equity. Conduct monthly reconciliations of key balance sheet accounts, ensuring the timely recognition of assets and liabilities. Manage working capital and ensure proper liquidity for both hotels throughout the pre-opening and operational periods. Budgeting & Forecasting:

Prepare monthly financial forecasts, adjusting for current business conditions and market trends. Monitor actual performance against budgets, identifying variances and implementing corrective actions. Systems Implementation:

Actively maintain set up of all financial systems and software for all the hotels. Establish and maintain internal control procedures. Ensure proper functioning of all financial and accounting software. Compliance & Reporting:

Personally handle tax filings, VAT returns, and ensure regulatory compliance for both locations. Prepare financial reports in compliance with corporate standards and local regulations. Team Leadership:

Provide hands-on training and mentorship to the team (X4 members). Work closely with General Managers and department heads on financial matters. Qualifications:

Bachelor's degree in Finance, Accounting, or related field. Minimum 5 years of hands-on financial management experience, with at least 3 years in the hotel industry. Strong proficiency in financial software systems and advanced Excel skills. Willingness to perform operational accounting tasks alongside strategic financial management. Fluency in both English and Italian. Working Conditions:

Based in Milan, working from the Hotel in Milan with frequent travels to our other properties. Possibility to work from home 1 to 2 days per week. Flexibility in working hours, including potential weekend work during peak operational times. Benefits:

Competitive salary and performance-based bonuses. Opportunities for professional development and career growth within the hotel group. Staff rate in our properties We are looking forward to receiving your application and setting up a call with you.

Please note that only CVs in English will be considered.

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