
Financial Controller
1 day ago
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The Hotel Financial Controller is responsible for the overall financial management of the hotel, ensuring the accuracy and integrity of financial information, adherence to company policies and procedures, and compliance with all relevant statutory regulations. This role involves overseeing all accounting functions, managing financial reporting, budgeting, forecasting, and implementing robust internal controls. The Financial Controller acts as a strategic business partner to the General Manager, providing insightful financial analysis to support operational decision-making and drive profitability.
Key Responsibilities:
Prepare and analyze timely and accurate financial statements (P&L, Balance Sheet, Cash Flow) in accordance with USALI (Uniform System of Accounts for the Lodging Industry) and local accounting standards.
Generate various financial reports, including departmental performance reports, variance analysis, and key performance indicator (KPI) dashboards.
Provide insightful financial analysis to the General Manager and department heads, highlighting trends, risks, and opportunities.
Present financial results and forecasts to management and ownership as required.
Budgeting & Forecasting:
Lead the annual budgeting process, collaborating with department heads to develop comprehensive and realistic budgets.
Prepare regular financial forecasts (monthly, quarterly, annually) to project future performance.
Monitor actual performance against budget and forecast, identifying significant variances and recommending corrective actions.
Cost Control & Revenue Management Support:
Implement and maintain strong cost control procedures across all hotel departments.
Monitor expenses, identify areas for cost reduction, and negotiate with suppliers to optimize procurement.
Provide financial support and analysis to the revenue management team to optimize pricing strategies and maximize revenue.
Treasury & Cash Management:
Manage daily cash flow, ensuring adequate liquidity for operational needs.
Oversee
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