Cluster Finance Controller

The Cluster Finance Controller is a senior leadership role responsible for the financial integrity, performance, and strategic financial direction of multiple resort properties within The Cocoon Collection.

The role is accountable for:

• Cluster-level Profit & Loss (P&L) performance
• Financial governance and compliance
• Operational finance alignment
• Cost optimization and value creation

Acting as a strategic business partner to the Cluster Director of Operations, the role ensures that financial insights directly support operational decision-making, drive profitability, and maintain sustainable financial discipline across all properties.

1. Financial Strategy & Leadership

• Provide strategic financial leadership across all assigned properties
• Translate business objectives into financial strategies, budgets, and performance targets
• Establish a cluster-wide financial management framework ensuring consistency and efficiency
• Drive a culture of financial accountability and ownership across departments

2. Financial Reporting & Consolidation

• Oversee the preparation of:

1. Monthly, quarterly, and annual financial statements
2. Consolidated cluster financial reports
3. Management Information Systems (MIS) reports

• Ensure:

1. Accuracy, completeness, and timeliness of all financial reporting
2. Compliance with IFRS/accepted accounting standards and company policies

• Present financial performance reports to senior management with clear insights and recommendations

3. Profit & Loss (P&L) Ownership

• Assume full accountability for cluster-level financial performance
• Continuously monitor:

1. Revenue performance
2. Departmental profitability
3. Cost structures and margins

• Identify risks and opportunities and implement corrective and improvement actions
• Drive Gross Operating Profit (GOP) enhancement initiatives

4. Budgeting, Forecasting & Financial Planning

• Lead the preparation of:

1. Annual Operating Budgets
2. Capital Expenditure (CapEx) Budgets
3. Rolling forecasts (monthly/quarterly)

• Perform detailed:

1. Variance analysis (Budget vs Actual / Forecast vs Actual)
2. Scenario planning and sensitivity analysis

• Provide forward-looking insights to support strategic decision-making

5. Cost Control & Operational Efficiency

• Implement and enforce robust cost control frameworks
• Monitor key cost drivers, including:

1. Food & Beverage Cost (%)
2. Payroll & Service Charge Cost (%)
3. Utilities and operational expenses

• Partner with Department Heads to:

1. Identify inefficiencies
2. Optimize resource utilization
3. Drive cost-saving initiatives without compromising quality

6. Project Accounting & Capital Management

• Oversee all project-related financial activities, including:

1. Budgeting and financial feasibility analysis
2. Cost tracking and variance monitoring
3. ROI and payback evaluation

• Ensure financial discipline in CapEx execution, including:

1. Procurement controls
2. Contract compliance
3. Cost governance 

7. Store, Inventory & Procurement Oversight

• Provide financial oversight of:

1. Inventory management systems
2. Procurement processes
3. Store operations across properties

• Ensure:

1. Accurate stock valuation and reporting
2. Regular inventory counts and reconciliations
3. Control over slow-moving, obsolete, and high-value items

• Drive strategic sourcing and cost-effective procurement practices

8. Cash Flow & Working Capital Management

• Monitor and optimize cash flow across all properties
• Ensure:

1. Adequate liquidity for operations
2. Efficient receivables and payables management
3. Strong credit control processes

• Prepare and review:

1. Cash flow forecasts
2. Working capital analysis

9. Compliance, Governance & Risk Management

• Ensure full compliance with:

1. Maldivian laws and statutory requirements
2. Tax regulations (GST, WHT, Green Tax, etc.)
3. Internal financial policies and SOPs

• Establish and maintain robust internal control systems
• Lead:

1. Internal audits
2. External audit coordination
3. Risk assessments and mitigation plans

• Safeguard company assets and ensure financial integrity

10. Team Leadership & Capability Development

• Lead and develop high-performing finance teams across properties
• Provide:

1. Mentorship and coaching to Financial Controllers and Chief Accountants
2. Structured training and development programs

• Drive:

1. Performance management
2. Succession planning
3. Talent retention

11. Business Partnering & Decision Support

• Act as a key financial advisor to the Cluster Director of Operations
• Support operational and strategic decisions through:

1. Financial modeling
2. Profitability analysis
3. Investment evaluation

• Ensure strong alignment between:

1. Finance
2. Operations
3. Commercial strategy 

• Timeliness and accuracy of financial reporting
• Budget adherence and variance control
• Gross Operating Profit (GOP) performance
• Cost ratios (F&B, Payroll, Utilities)
• Cash flow stability and working capital efficiency
• Audit outcomes and compliance status
• Inventory turnover and shrinkage control
• CapEx project financial performance
• Finance team engagement and retention