Finance Manager

Overview

JOB SUMMARY

Reporting to the Cluster Director of Finance, the Finance Manager is responsible for ensuring timely & accurate financial reporting according to accounting standards and in line with the Hotel’s policy & procedures.

Responsibilities

• Oversee the Finance and Accounting department of the hotel.
• Ensure that the books, records and accounts are maintained accurately and fairly reflect the transactions and administration of the assets of the hotel.
• Devise and maintain a system of internal accounting control sufficient to ensure that transactions are executed in accordance with Management’s general and specific authorisation and in compliance with generally accepted accounting principles and specific legislation.
• Assist in the preparation of the hotel’s yearly operating budget
• Assist in the development and implementation of financial plans, budgets, and forecasts.
• Conduct financial analysis to identify trends, variances, and opportunities for improvement.
• Provide insights and recommendations to the hotel management for strategic decision-making.
• Prepare and analyse financial reports, including income statements, balance sheets, and cash flow statements.
• Ensure accurate and timely financial reporting in compliance with regulatory requirements and company policies.
• Collaborate with department heads to create departmental budgets and monitor expenditures.
• Establish and maintain effective internal control procedures to safeguard hotel assets.
• Conduct regular audits to ensure compliance with financial policies and procedures.
• Oversee cash handling processes, including the management of petty cash and cash flow projections.
• Monitor bank balances and reconcile accounts regularly.
• Supervise the use of financial software and systems, ensuring accurate and efficient data entry.
• Provide training and support to staff members on financial procedures and systems.
• Ensure compliance with local, state, and federal tax regulations.
• Work with external auditors and tax authorities as needed.
• Lead and manage the finance team, providing guidance and support.
• Foster a positive and collaborative work environment.
• Follow all workplace safety and security policies and procedures. Report accidents, injuries and incidents to reporting manager immediately.
• Participate and contribute actively in all Corporate Social Responsibility and Sustainability initiatives organised by the Hotel.
• Perform any other duties and responsibilities that may be assigned.

Qualifications

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