JOB SUMMARY
This position reports to the Director of Finance and will work closely with other team members in Finance Department.
To lead the Finance & Accounting department and associated operations such as account management, reporting, and interdepartmental and vendor relations are managed to optimize the hotels profitability. Responsible for managing the audit function in hotel to deliver outstanding guest service. To prepare financial reports, analysis required by the management and to assume leadership position in absence of Director of Finance.
JOB SPECIFIC TASKS
Ensures all Local government mandatory requirements are strictly followed for hotels not limited to Licenses, Permits & Tax related, etc.
Posts details of business transactions in the General and Operating Ledgers Prepares the following monthly reports: a. Profit and Loss Statement; b. Balance Sheet with supporting schedules; c. Trends of operations.
Assumes full responsibility for month- end closing.
Computes the following: a. Management Fee; b. Owner’s Share.
Assists Head of Departments to improve their financial awareness and provides them with relevant financial information for their operations.
Works closely with Director of Finance / other departments to provide full and accurate forecasting and budgeting proposals within the hotel.
Provides input to budget preparation, forecast reports and monthly reporting.
Reviews the Accounts Receivable (A/R) Ageing reports on a daily basis. Follows up 30 days after the initial billing if payment has not been received.
Effectively manages the accounting team through respectful communication, clear expectations, relevant training, productive coaching, regular meetings, and appropriate performance management.
Reviews & approves payment vouchers & journal entries.
Finishing monthly financial report (pegboard) to be distributed internally and to the owners.
Performs cash flow forecasting, budgeting and works closely with the operations and project teams in analysing margins, variances, and cost analysis.
Prepares the following: a. Monthly analysis of accounts; b. Status of barter agreements; c. Schedules for profit budget.
Ensures that Finance team provides month end closing and all other required management reports.
Develops the best practice financial accounting and control procedures; continually reviews the process and procedures to maximize impact and efficiency.
Monitors and contains all property inventories to ensure proper levels without causing burdens on property cash flows.
Complies with company policies and procedures across the area, maximizes performance on the Finance Balanced Scorecard.
Performs other duties as assigned by the Management.
Performs reconciliation of the following: a. Bank statements; b. Inter- company accounts; c. Owner’s accounts.
