Job description
🎯 Mission:
The primary objective is to establish an efficient management of the Hotel's accounting function, managing flow of information with regard to financial and management accounting reports and controls which are consistent with the Hotel's needs and statutory requirements.
📌 Main Responsibilities:
• Lead the overall accounting and finance function of the Hotel, ensuring accurate, timely, and compliant financial and management accounting reports in accordance with statutory requirements and company standards.
• In coordination with the General Manager and Division/Department Heads, prepare the annual operating budget and periodic forecasts for all hotel activities; monitor budget performance and maintain effective budget control procedures.
• Prepare annual cash flow projections and review, consolidate, and finalize departmental capital expenditure budgets, ensuring alignment with operational needs and financial capacity.
• Review and assess the staffing structure of the Accounting Department during the budget process and recommend adjustments or improvements to the General Manager when necessary.
• Continuously monitor the utilization of hotel funds, sources, and applications to optimize liquidity, improve cash flow efficiency, and minimize financial risk and indebtedness.
• Ensure all internal control procedures are properly implemented and routinely performed; identify discrepancies or weaknesses and report them promptly to the General Manager and relevant Department Heads.
• Oversee cash management systems, including cash accountability, banking procedures, cash floats, and daily cash handling; ensure monthly bank reconciliations are completed accurately and on time.
• Monitor expenses stipulated in the Management Agreement and ensure prior approvals from the Owning Company are obtained where required.
• Supervise Accounts Receivable, Accounts Payable, credit control, and income processes to ensure accurate billing, timely postings, proper collections, and resolution of outstanding balances.
• Review cash balances regularly and coordinate with relevant teams to ensure sufficient funds are available for daily and weekly operational requirements.
• Ensure timely month-end closing by coordinating with Finance sections and other departments, reviewing account balances, investigating unusual transactions, and correcting posting errors as necessary.
• Maintain full responsibility for the General Ledger and Chart of Accounts, ensuring all transactions are properly recorded, supported, and reconciled.
• Liaise with external auditors during annual and interim audits, prepare audit schedules, and ensure timely resolution of audit findings.
• Supervise, guide, and support Accounting staff in daily operations, provide clear instructions, address work-related issues, and foster a disciplined, professional, and collaborative working environment.
• Maintain effective working relationships with all departments to support hotel operations and financial integrity.
🎓 Requirements:
Master or University Degree in Accounting, Finance
Accounting and Finance, Management
3 years in a similar position in large hotels or international companies
Advanced level of English.
