Job Summary:
The Financial Controller will oversee and manage all financial aspects of hotel operations, ensuring compliance with financial regulations, optimizing financial performance, and providing financial guidance to achieve the hotel's strategic objectives. This role requires a keen analytical mindset, strong attention to detail, and experience in the hospitality industry.
Key Responsibilities:
Financial Reporting & Analysis
- Prepare accurate monthly, quarterly, and annual financial statements and reports.
- Conduct financial analysis, identify trends, and offer insights to support hotel operations and revenue optimization.
- Monitor cash flow, expenses, and revenue, and advise on cost-saving measures.
Budgeting & Forecasting
- Lead the annual budgeting process in alignment with hotel management and ownership goals.
- Provide financial forecasts and adjust budgets based on evolving business needs.
- Ensure all department budgets are managed effectively, guiding department heads in meeting financial targets.
Compliance & Internal Controls
- Ensure compliance with local tax laws, accounting regulations, and internal policies.
- Conduct periodic audits, implement internal controls, and monitor for financial integrity and operational efficiency.
- Collaborate with external auditors to prepare for annual audits.
Team Leadership & Development
- Manage and mentor the finance team, ensuring effective performance and professional development.
- Provide training on financial policies and best practices to department heads and staff.
- Promote a culture of financial responsibility across all hotel departments.
Accounts Receivable/Payable Management
- Oversee the processing of invoices, payments, and receipts, ensuring timely and accurate financial transactions.
- Maintain vendor relationships and negotiate favorable terms where possible.
- Ensure guest billing, credit management, and collections processes are efficient and customer-friendly.
Financial Strategy & Cost Management
- Partner with the hotel management team to set financial goals and develop strategies to enhance profitability.
- Analyze operational expenses, recommend cost-saving initiatives, and monitor expense compliance.
- Track performance metrics, KPIs, and other financial benchmarks to inform decision-making.
