ASSISTANT FINANCIAL CONTROLLER

Duties would include overseeing the budgeting and forecasting process, analyzing financial statements, and producing regular reports that provide insight into the hotel’s financial performance. Also be responsible for managing the hotel’s cash flow, monitoring expenses, and ensuring that the hotel is in compliance with all financial regulations.

Managing the hotel’s financial operations, also be responsible for leading and managing a team of finance professionals. This would involve recruiting, training, and developing the team, as well as setting performance targets and evaluating performance against those targets.

• Responsible for the property’s overall accounting and financial management requirements.
• Responsible for representing the finance department during daily morning HOD meetings.
• Responsible for the local tax authority compliance of the hotel.
• Responsible for supporting and liaising with the General Manager in meeting the strategic goals of the organization.
• Responsible for preparing and reviewing annual budgets, monthly forecasts, and operating results.
• Responsible for verifying all financial reports and ensuring that all transactions are accurate and in compliance with local government regulations.
• Responsible for liaising with the hotel owner or managing director of the organization.
• Able to prepare and submit management reports promptly and also ensure delivery deadlines.
• Able to effectively implement all accounting policies and procedures.
• Able to ensure a strong accounting and operational control environment to safeguard hotel assets.
• Able to assist proactively with cost control requirements.
• Able to assist with revenue enhancement possibilities.
• Able to assist with profit improvement opportunities for hotel operations.
• Able to develop specific goals and plans to prioritize, organize, and accomplish the work.
• Assists in the building of an efficient and professional team of employees within the Finance and Accounting Department.
• Monitors all local tax compliance that applies, and ensures that taxes are charged correctly and collected.
• File the local tax with the concerned authority on a monthly/regular basis.
• Monitor and improve hotel operation costs, and profitability and manage business risks.
• Ensures profits and losses are documented accurately.
• Ensures property policies are administered fairly and consistently.
• Achieves and exceeds goals including performance goals, budget goals, team goals, etc.
• Oversees internal, external, and regulatory audit processes.
• Conduct regular weekly finance department meetings.
• Provides excellent leadership by differentiating top performers, fosters teamwork, and also able to encourages work/life balance.
• Establishes and maintains open, collaborative relationships with employees.
• Ensures employees establish and maintain open, collaborative relationships within their team.
• Participates in the employee performance appraisal process, providing feedback as needed.
• Responsible for ensuring disciplinary procedures and documentation are completed according to hotel standards.
• Any other tasks as and when required by the management.

To be successful in this role, need to have a strong understanding of financial management principles, as well as excellent analytical and problem-solving skills. Also need to be an effective communicator and have strong leadership skills that enable to motivate and inspire the team to achieve their goals.

Responsible for managing the day-to-day operations of the accounts department, like preparation and management of the hotel financial budgets, implementing and overseeing all activities relating to the financial aspects of the hotel in compliance with the local tax laws and also by the hotel’s shops.

Additionally, responsible for financial analysis, reporting, budgeting, forecasting, audit and control, asset and liability reconciliation, working capital, and cash control. Etc. Also, ensure the safekeeping and updating of all legal documentation relating to the financial status of the hotel.