Finance Controller
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Job Description
Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)
Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances
Ensure excess cash is managed to maximize earning potential
Prepares outlooks for forthcoming months and forecasts for the remainder of the year
Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget
Prepare consolidated quarterly position assessments for the General Manager
Distributes outlook and forecast information as an up to date management tool for operating departments
Implement and review financial controls and policies
Analyse financial and management reports
Design internal reporting systems required by the department and hotel
Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Policies and Procedures
Employ adequate internal control procedures to ensure correct authorization for payment procedures
Manage internal and external audits when they occur
Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance
Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
Identifies staff with potential for promotion and/or transfer within Accounting operation
Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations
Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
Follows up on all capital expenditures to ensure compliance with original justification and approval
Participates in local recognized professional and industry organizations
Recommends and maintains appropriate list of delegation of authority for hotel management
Conducts monthly inspections and tests to ensure all departments are complying with required procedures
Performs those duties required by the controls checklist issued by CFO
Reviews prices and recommends pricing strategy to the General Manager
Implements and maintains acceptable accounting practices and procedures as required , generally accepted accounting practices, and as affected by local conditions
Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items
Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s
Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)
Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances
Ensure excess cash is managed to maximize earning potential
Prepares outlooks for forthcoming months and forecasts for the remainder of the year
Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget
Prepare consolidated quarterly position assessments for the General Manager
Distributes outlook and forecast information as an up to date management tool for operating departments
Implement and review financial controls and policies
Analyse financial and management reports
Design internal reporting systems required by the department and hotel
Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Policies and Procedures
Employ adequate internal control procedures to ensure correct authorization for payment procedures
Manage internal and external audits when they occur
Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance
Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
Identifies staff w
Key Requirements & Skills
Prepare consolidated quarterly position assessments for the General Manager
Distributes outlook and forecast information as an up to date management tool for operating departments
Implement and review financial controls and policies
Analyse financial and management reports
Design internal reporting systems required by the department and hotel
Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Policies and Procedures
Employ adequate internal control procedures to ensure correct authorization for payment procedures
Manage internal and external audits when they occur
Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance
Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
Identifies staff with potential for promotion and/or transfer within Accounting operation
Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations
Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
Follows up on all capital expenditures to ensure compliance with original justification and approval
Participates in local recognized professional and industry organizations
Recommends and maintains appropriate list of delegation of authority for hotel management
Conducts monthly inspections and tests to ensure all departments are complying with required procedures
Performs those duties required by the controls checklist issued by CFO
Revi
Benefits & Perks
Take calculated risks
Constructively challenge the views and opinions of others and question your own assumptions
Take on board new ways of thinking
Take personal ownership for action
Understanding the Market
Seek knowledge on different aspects of internal and external marketplace and inquire about underlying aspects of the business
Gather information from a variety of sources to establish the different facts affecting the business
Demonstrate an understanding of issues relevant to the business and keep your knowledge up to date including legislative information
Strategic Thinking and Innovation
Stand back and think about the broader perspective in order to visualize the way forward
Think about he future and create innovative ideas in order to maximize market opportunities
Recognize the need for new and modified approaches which will benefit the business
Customer Focus
Build and maintain positive relationships with all customers and guests in order to exceed their needs
Take action to address these needs in order to exceed their expectations
Create a positive hotel image in every interaction with internal and external customers
· Champion hotel brand standards
Ensure your direct reports have current guest focused standards and procedures which are used effectively for training purposes
Understanding People
Demonstrate an insight into the behaviour and interests of individuals and use this knowledge to motivate people
Understand human behavioural trends in the marketplace and use this to take initiatives
Working within Organisations
Regularly read to understand the relationships within the business and other organizations such as customers and suppliers and use this knowledge to predict situations and influen
Frequently Asked Questions
How to apply for Finance Controller at The LaLiT Suri Hospitality Group?
Click the "Apply via CareerScan" button on this page.
What is the salary for this role?
Salary details will be discussed during the interview.
What experience is required?
Director of experience is required.
Is this position still open?
Yes, currently active and accepting applications.
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Finance Controller
The LaLiT Suri Hospitality Group · London