Main Function
The Financial Controller is responsible for all hotel accounting and financial control under the supervision and guidance of the General Manager, within the provisions as outlined in the corporate policies and procedures, accounting rules and International accounting standards. In addition, the job incumbent controls the overall hotel costs by managing the purchasing function.
The employee should be proactive in analyzing, and recommending alternative action in every respect, operating in line with hotel corporate policies, guidelines, and the hotel's business plan.
Role Responsibilities
In Charge of Carrying Out Daily Accounting And Financial Control:
Maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances
Act as hotel's credit manager
Enforces, documents and establishes adequate controls for all revenues and expenses and protection of assets, and ensures controls will satisfy or improve the level of guest service
Maintains accurate and timely financial and operating information, provides and analyzes, interpretations and projections to management as required
Conducts monthly inspections and tests to ensure all departments are complying with required procedures
Reconciles and controls the operation of the hotel's bank accounts
Performs duties as required by the hotel in respect of controls
Follows up on all capital expenditures to ensure compliance with original justification and approval
Provides financial guidance in the formulation and implementation of the business plan, hotel and departmental budgets, objectives programme, and manage relevant budgets appropriately
Provides proactive administrative support to management with reference to policy enforcement, business advice and operational assistance
Obtains appropriate legal counsel regarding the business practices of the hotel, and maintains awareness of local rules, laws and regulations
Reviews prices and recommends changes to the General Manager
Implements and maintains acceptable accounting practices and procedures as required by hotel corporate policies, accounting practices, and International standard affected by local conditions
Participates in locally recognized professional and industry organizations in order to extend personal development and general awareness within the profession
Maintains professional, proactive and technical competence in own field
Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
Recommends and maintains appropriate list of delegation of authority for hotel management
Performs related duties and special projects as assigned and required
Payroll Management:
Analyzes and assists Human Resource Manager in regards to payroll as applicable to employment contracts of new employees
Analyzes payroll reports, to report discrepancies and take action accordingly in cooperation with the Human Resources Manager
Reconciles and prepares the pension fund administration
Ensures that correct deductions are made through payroll for advances, loans etc.
Prepares pay slip in cooperation with the Human Resource Manager
Complies fully with the set financial reporting deadlines as outlined in and by the hotel
Direct and Manage Receiving and Storeroom Functions:
Directs and manages the purchasing and storeroom functions with its employees
Utilises leadership skills and motivation to maximise employee productivity and satisfaction
Monitors hotel's overall service and team work daily, as well as makes recommendations for improvement to Department Heads
Selects and develops strategies to improve guest service and efficiency
Laws, Regulations and Policies:
Follows all applicable laws, especially in accounting policies, procedures and guidelines
Follows all applicable laws relating to general accounting practices and tax regulations
Conducts all work according to guidelines in financial accounting as applicable to the hotel
Qualifications and Requirements
Bachelor's degree in Accounting, Finance, or a related field.
Minimum of 5 years accounting experience.
Strong understanding of accounting principles and financial reporting.
Practical knowledge of VAT compliance and tax procedures.
Proficiency in accounting software and Microsoft Excel.
High level of integrity, professionalism, and confidentiality.
Strong analytical skills and attention to detail
Competencies/Skills:
Strong accounting, reporting, and reconciliation skills.
Good analytical and problem-solving ability.
High attention to detail and accuracy.
Strong organizational and time management skills.
Good communication and interpersonal skills.
Ability to work under pressure and meet deadlines.
High level of integrity and professionalism.
Behavioural Qualities/Other Competences:
Strong work ethic and reliability.
High level of discretion and confidentiality.
Proactive, structured, and detail-oriented approach to work.
Willingness to learn and grow within the finance function.
Calm and dependable in a fast-paced environment.