Assistant Financial Controller - Five Star Hotel - Mecca

Financial Management & Reporting:

• Assist in the preparation and analysis of financial statements, budgets, and forecasts.
• Ensure the accuracy and timeliness of financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Support monthly, quarterly, and year-end financial closing processes.
• Analyze financial data to identify trends, cost-saving opportunities, and operational efficiencies.

Internal Controls & Compliance:

• Ensure compliance with local tax regulations, corporate policies, and hotel industry financial standards.
• Monitor internal controls to prevent fraud, mismanagement, and financial risks.
• Assist in internal and external audits by preparing necessary documentation and addressing audit findings.

Budgeting & Cost Control:

• Support the annual budgeting process, working closely with department heads to develop realistic financial plans.
• Monitor hotel expenses and revenue, identifying areas for cost reduction and increased profitability.
• Assist in cost control initiatives, ensuring efficiency in procurement and operational spending.

Cash & Treasury Management:

• Oversee cash flow management and forecast liquidity requirements.
• Ensure proper reconciliation of bank accounts and financial transactions.
• Monitor accounts receivable and payable, ensuring timely collections and payments.

Operational & Strategic Support:

• Provide financial insights and recommendations to senior management to drive strategic decision-making.
• Work closely with the General Manager and department heads to align financial strategies with operational goals.
• Assist in the financial evaluation of new projects, investments, and business opportunities.