Finance Manager

Job Description

Roles & Responsibilities

1. Financial Planning, Budgeting, and Revenue Management

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

2. Financial Reporting

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

3. Cash Flow, Treasury, and Accounts Management

• Manage hotel cash flow, working capital, and bank accounts.
• Supervise Accounts Payable (AP) and Accounts Receivable (AR); ensure timely collection of guest, corporate, and travel agent payments.
• Review payroll processes and ensure accurate processing of salaries, benefits, and statutory payments.

4. Cost Control and Asset Management

• Control operating costs across all departments and identify cost-saving opportunities.
• Review purchasing activities and inventory usage.
• Oversee inventory controls and monitor fixed assets and depreciation records.

5. Internal Controls, Compliance, and Audit

• Establish and maintain financial policies and procedures ensuring compliance with accounting standards, tax regulations, and company policies.
• Safeguard hotel assets and prevent fraud.
• Coordinate internal and external audits; implement audit recommendations and corrective actions.

6. Team Leadership and Development

• Lead and supervise the finance and accounting department.
• Train, develop, and evaluate finance staff; provide coaching and performance feedback.

7. Strategic Financial Analysis

• Provide financial analysis for hotel projects, investments, and operational improvements.
• Support management decision-making through financial insights and business opportunity evaluation.

Desired Candidate Profile

• Minimum 5 8 years of finance or accounting experience
• At least 2 3 years in a supervisory or managerial role
• Previous experience in the hospitality or hotel industry is highly preferred

• Strong knowledge of accounting principles, financial reporting standards, and hotel accounting systems
• Proficiency in Microsoft Excel, financial modeling, and data analysis
• Knowledge of budgeting, forecasting, cash flow management, internal controls, and tax regulations

• Strong team leadership, staff development, and decision-making abilities
• Excellent organizational skills with ability to manage multiple priorities and meet deadlines

• Excellent written and verbal communication skills with ability to present financial information clearly to stakeholders
• High integrity, strong attention to detail, and analytical thinking abilities