Job Description
A large and renowned hotel based in based in the West End are looking for a Financial Controller to join their growing team due to a restructure. The hotel currently has over 1500 rooms, therefore requiring a candidate with a strong background within the hotel industry.
Key Responsibilities of the Financial Controller:
- Ensure the management accounting process is timely and accurate
- Preparation of the statutory accounts and financial reports
- Management and setting of KPI's for 10 team members
- Review and provide a detailed analysis of explanations on variances between actual and forecasted/budgeted performance
- Provide accurate and timely information for management reporting
- Ensure hotel controls are in place including any new policies and procedures
- Ensure finance run to period-end timetables and all financial records for the hotels are maintained in an accurate and timely manor
- Co-ordinate the production in the hotel of all timely forecasts and budgets
- Work closely with Central Office and hotels management in achieving the company working capital targets for accounts receivable and accounts payable
- Determine capital expenditure and agree required spends for feasible studies
- Perform periodic checks to include float checks, petty cash, cash security, clearance of control accounts and review paymasters
- Review weekly and monthly hotel accounts for accuracy
- Ensure information for accounts are provided accurately and within timeframes
- Produce and analyse annual, monthly budgets and forecasts
- Facilitate the understanding of current trends and key performance measures within the hotel and monitor performance against nominated competitors
- Ensure all accounts are reconciled as required
- Review accruals and pre-payments
- Report at period end on all key expenditure areas
- Staff Management
Key requirements:
- Previous experience as a financial controller
- Hotel industry background either as an FC or Assistant FC
- SAP experience would be preferable
- Management of large finance teams (min 5)
- Qualified or Finalist ACA / ACCA /CIMA
