Management Accountant

Sector:Hotels
Job type:Perm
Salary/Rate:£65,000 per annum
Town/City:Hounslow
County:Greater London
Job ref:39387-5
Post Date:14. 06. 2024
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About the Role

Harper May is currently collaborating with a leading hospitality company renowned for its luxurious hotels. They are seeking a skilled Management Accountant to join their dynamic team and support multiple hotel locations.

About the Company:

The company is dedicated to exceptional service and creating memorable guest experiences. With a focus on excellence, they've become a prominent name in the hospitality industry.

Role Overview:

As a Management Accountant, you'll play a crucial role in overseeing financial operations acrossthe hotel portfolio. Responsibilities include integrating systems, managing working capital, ensuring tax compliance, optimising cash flow, and supervising invoicing processes.

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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