Job Description
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.
