- Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO's
- 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 HODs 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
- Communicate with Owners and maintains good relations and attends liaison meetings when required
- Analyse financial and management reports
- Design internal reporting systems required by the department and hotel
- 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 Director of Finance and V.P. Finance
- Reviews prices and recommends pricing strategy to the General Manager
- 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 reconciliations
- Management of work flows of the finance department
- Assist in the maintenance of the fixed asset register on an annual basis
- Together with the IT Manager develop yearly strategic goals for the hotel relating to financial measures
- Work with Head of Departments to perform ad hoc cost benefit analysis on various projects
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