Job Description

Roles & Responsibilities

A Finance Manager is responsible for managing the hotel's financial operations, ensuring profitability, maintaining financial controls, and supporting management in achieving business objectives.

1. Financial Planning and Budgeting

• Prepare annual budgets, forecasts, and business plans.
• Monitor departmental budgets and expenses.
• Analyze variances between actual and budgeted results.

2. Financial Reporting

• Prepare daily, weekly, monthly, and annual financial reports.
• Produce profit and loss statements, balance sheets, and cash flow reports.
• Present financial performance reports to hotel management and owners.

3. Revenue Management Support

• Monitor room revenue, food and beverage revenue, and other income streams.
• Analyze occupancy rates, Average Daily Rate (ADR), and Revenue per Available Room (RevPAR).
• Work closely with sales and revenue management teams to maximize profitability.

4. Cash Flow and Treasury Management

• Manage hotel cash flow and working capital.
• Monitor bank accounts and cash transactions.
• Ensure sufficient funds are available for daily operations.

5. Accounts Management

• Supervise Accounts Payable (AP) and Accounts Receivable (AR).
• Ensure timely collection of guest, corporate, and travel agent payments.
• Monitor supplier payments and outstanding balances.

6. Cost Control

• Control operating costs across all departments.
• Review purchasing activities and inventory usage.
• Identify opportunities for cost savings without affecting guest service quality.

7. Internal Controls and Compliance

• Establish and maintain financial policies and procedures.
• Ensure compliance with accounting standards, tax regulations, and company policies.
• Safeguard hotel assets and prevent fraud.

8. Audit Coordination

• Coordinate internal and external audits.
• Prepare audit schedules and supporting documents.
• Implement audit recommendations and corrective actions.

9. Payroll Administration

• Review payroll processes and labor cost reports.
• Ensure salaries, benefits, and statutory payments are processed accurately.
• Monitor labor costs against budget.

10. Inventory and Asset Management

• Oversee inventory controls for food, beverages, supplies, and operating equipment.
• Monitor fixed assets and depreciation records.
• Conduct periodic inventory and asset verification.

11. Team Leadership

• Lead and supervise the finance and accounting department.
• Train and develop finance staff.
• Conduct performance evaluations and provide coaching.

12. Strategic Business Support

• Provide financial analysis for hotel projects and investments.
• Support management in decision-making through financial insights.
• Evaluate business opportunities and operational improvements.

Desired Candidate Profile

• Minimum 5-8 years of experience in finance or accounting.
• At least 2-3 years in a supervisory or managerial role.
• Previous experience in the hospitality or hotel industry is highly preferred.
• Experience with hotel financial reporting, budgeting, revenue management, and cost control.
• Strong knowledge of accounting principles and financial reporting standards.
• Experience with hotel accounting systems and ERP software.
• Proficiency in Microsoft Excel, financial modeling, and data analysis.
• Knowledge of budgeting, forecasting, cash flow management, and internal controls.
• Understanding of tax regulations and audit requirements.
• Strong team leadership and staff development abilities.
• Excellent organizational and time-management skills.
• Ability to manage multiple priorities and meet deadlines.
• Strong decision-making and problem-solving capabilities.
• Excellent written and verbal communication skills.
• Ability to present financial information clearly to management and stakeholders.
• Strong negotiation and interpersonal skills.
• High level of integrity and confidentiality.
• Strong attention to detail and accuracy.
• Analytical and strategic thinking abilities.