Manager - Accounts - Hotels Industry

Accounts Manager - Hotels Industry

Key Responsibilities:

Cash Flow & Liquidity Management:

- Monitor, manage, and optimize weekly cash flow across Dubai, Saudi Arabia, and India.

- Forecast short-term and long-term liquidity needs to ensure financial stability.

- Ensure sufficient cash availability for operating expenses, owner payouts, and vendor payments.

- Identify and mitigate liquidity risks, ensuring smooth financial operations.

- Prepare weekly cash flow reports and provide recommendations to leadership.

- Manage petty cash and debit cards top-up.

Receivables & Payables Management:

- Produce invoices and monthly statements sent to property owners and brokers

- Oversee collections, payments, and intercompany transactions.

- Work closely with the finance team to track outstanding receivables and payables.

- Ensure on-time collection of payments from OTA platforms (Airbnb, Booking.com, etc.) and reconcile property management system data with bank balances.

- Reconcile credit card payments and post in the accounting software

- Collaborate with vendors and partners to optimize payment schedules and extend credit terms where beneficial.

Tax and Payroll Compliance:

- Prepare VAT reports, tourism tax and income tax filings.

- Payroll & Vendor Management

- Oversee payroll calculations and employee compensation structures.

- Manage vendor invoices, approvals, and payment processing.

Banking & Financial Transactions:

- Manage relationships with banks and financial institutions to optimize treasury operations.

- Ensure timely execution of fund transfers between entities.

- Negotiate banking fees, loan terms, and overdraft facilities to minimize costs.

Strategy, Reporting & Performance Analysis:

- Work with leadership to optimize financial processes and improve profitability.

- Provide insights into revenue growth opportunities and cost reduction strategies.

- Prepare weekly and monthly cash flow forecasts for leadership review.

- Analyze cash conversion cycles, working capital trends, and liquidity metrics.

- Recommend strategic improvements to improve financial efficiency and cash optimization.

Qualifications and Experience:

- Educational Background: CFA or equivalent finance specialization preferred.

- Experience Level: 5-10 years in finance, with proven expertise in cash flow management, fund flow planning, and financial reporting. Experience in a startup or bootstrapped business environment is a strong advantage.

- Tools Expertise: Advanced proficiency in Microsoft Excel and QuickBooks is mandatory. Experience using task management tools like ClickUp is a plus.

- Language Requirements: Fluency in English is essential