Management Accountant

Sector:Hotels
Job type:Perm
Salary/Rate:£65,000 per annum
Town/City:Hounslow
County:Greater London
Job ref:39387-2
Post Date:17. 04. 2024
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About the Role

Harper May is currently collaborating with a leading hospitality company known for its luxurious hotels. With a commitment to exceptional service and dedication to excellence, the company strives to create memorable experiences for its guests. As part of its growth strategy, they are seeking a skilled Management Accountant to join their dynamic team and support multiple hotel locations.

As a Management Accountant, you will play a crucial role in managing financial operations across our portfolio of hotels. You will be responsible for integrating systems, managing working capital requirements, ensuring compliance with corporate tax regulations, optimizing working capital cash flow, and overseeing the efficient processing of invoicing.

Key Responsibilities:

  • Integrate Systems: Collaborate with IT teams to integrate financial systems across multiple hotel locations, ensuring seamless data flow and accuracy in reporting. This includes overseeing the implementation of a new ERP system to streamline financial processes.
  • Intercompany Reconciliations: Manage intercompany transactions and reconciliations, particularly for revenue generated from apartments attributed to the hotels. Ensure accurate recording and reconciliation of revenue and expenses between related entities.
  • Working Capital Requirements: Monitor and analyse working capital needs of each hotel, optimising cash flow and liquidity to support operational efficiency.
  • Corporate Tax Compliance: Ensure compliance with corporate tax regulations, including timely filing of tax returns and accurate reporting of taxable income.
  • Working Capital Cash Flow Management: Develop and implement strategies to manage working capital cash flow effectively, minimising risks and maximising returns.
  • Processing Invoicing: Oversee the invoicing process, ensuring accuracy and timeliness in billing and payment collection.
  • Financial Reporting: Produce monthly, quarterly, and annual financial statements, including P&Ls and balance sheets, for each hotel location.
  • Financial Analysis: Conduct variance analysis and performance reviews to identify trends, opportunities, and areas for improvement.
  • Budgeting and Forecasting: Assist in the preparation of annual budgets and financial forecasts, providing insights and recommendations to support decision-making.
  • Risk Management: Identify financial risks and implement appropriate controls to mitigate potential impacts on the business.
  • Stakeholder Engagement: Collaborate with internal stakeholders, including finance teams, hotel managers, and senior leadership, to support financial objectives and drive business growth.

Requirements:

  • ACA qualification is essential.
  • Strong understanding of financial principles, accounting standards, and taxation regulations.
  • Experience with intercompany reconciliations and managing transactions between related entities.
  • Experience in overseeing the implementation of ERP systems or similar financial software.
  • Excellent analytical skills with the ability to interpret complex financial data and provide meaningful insights.
  • Advanced proficiency in financial software and Microsoft Excel.
  • Effective communication and interpersonal skills, with the ability to engage with stakeholders at all levels.
  • Proactive approach to problem-solving and decision-making, with a focus on continuous improvement.
  • High attention to detail and accuracy, with the ability to meet deadlines in a fast-paced environment.
  • Flexibility to travel occasionally to hotel locations as required.

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