Hotel Financial Controller

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 Recon