Assistant Director, Group Finance

The Hongkong and Shanghai Hotels (owner and operator of The Peninsula Hotels, The Repulse Bay and many high-profile assets globally) is seeking to hire an Assistant Director, Group Finance to join the Group Finance Department, based in our Corporate office located in Central, Hong Kong. This role will support the Group’s financial reporting and tax compliance functions. 

• Work for a highly prestigious and renowned hospitality group
• Be part of a professional team
• Exceptional market leading benefits such as comprehensive family medical insurance (including dependents) and pension

Key Accountabilities

1. Monthly Financial Reporting
   • Prepare monthly management reports and consolidated financials of HSH group.
   • Review reports and data from operations to ensure they are complete and accurate for consolidation.
   • Manage the day-to-day accounting functions of certain Head Office and overseas companies.
   • Assist in researching new developments in international accounting standards and Listing Rules , analysing the potential implications on the group’s financials, and preparing accounting papers for submission to senior management.
   • Provide guidelines and technical support to DoFs of operations to ensure the local and group’s consolidated financials are in compliant with up-to-date international accounting standards and GAAP differences are properly adjusted for consolidation.
   • Review monthly P&L and B/S of Head Office entities prepared by the HO accounting team and ensure proper reconciliations are prepared timely.
2. Interim and Annual Reporting
   • Participate in the interim and annual reporting process and ensure interim reviews and annual audits are well coordinated.
   • Work closely with valuers and actuaries to ensure valuations for the group’s properties and defined benefits obligations are conducted smoothly.
   • Assist in the preparation of the local and overseas statutory financial statements.
   • Ensure accounting papers, MD&A and consolidated financial statements are correctly prepared for timely submission to senior management.
   • Help resolve issues with DoFs and auditors to ensure audit clearances will be issued on time.
3. Tax Compliance
   • Prepare tax computations and annual returns for HK subsidiaries for submission to IRD.
   • Prepare quarterly tax estimations for US subsidiaries for submission to tax representative.
   • Review tax computations and monthly tax provisions prepared by operations.
   • Review VAT returns prepared by overseas agents/tax advisors.
   • Calculate corporate and deferred taxes for interim and annual reporting.
   • Gather information for preparation of transfer pricing documentation, Country-by-Country Returns and Pillar Two tax reports.
   • Prepare draft replies to tax authorities for tax queries raised and assist in handling tax audits.

General Requirements

• University degree holder or above in accounting, finance or business
• 6 years’ managerial experience gained from big 4 accounting firms and/or sizeable listed corporations
• Qualified member of internationally recognised accounting bodies such as HKICPA, ACCA or equivalent
• Strong knowledge of all applicable IFRSs and HK listing rules, reporting, consolidation and tax compliance
• Strong communication and interpersonal skills, able to effectively collaborate with internal and external stakeholders
• A team player, self-initiative, resilient with the ability to work under pressure and handle tight timeline
• Excellent command of written and spoken of Chinese and English
• Experience in Hyperion Financial Management System and/or SAP is a plus

We are delighted to receive your CV for further consideration.

HSH was first established in 1866 and was one of the first companies to be listed on the Hong Kong Stock Exchange. HSH owns and operates some of the world’s finest hotel proper ties under The Peninsula brand, with twelve operational Peninsula hotels in exceptional city centre locations in Asia, US and Europe. The group’s portfolio also comprises strategic real estate assets and tourism assets, including The Repulse Bay as well as The Peak Tram – one of Hong Kong’s most popular tourist attractions.