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Financial Controller

14 days ago 2025/01/05
Full Time Employee
10-49 Employees · Business Consultancy Services

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Job Description

Job Summary:

The Financial Controller will oversee and manage all financial aspects of hotel operations, ensuring compliance with financial regulations, optimizing financial performance, and providing financial guidance to achieve the hotel's strategic objectives. This role requires a keen analytical mindset, strong attention to detail, and experience in the hospitality industry.

Key Responsibilities:

  1. Financial Reporting & Analysis
  • Prepare accurate monthly, quarterly, and annual financial statements and reports.
  • Conduct financial analysis, identify trends, and offer insights to support hotel operations and revenue optimization.
  • Monitor cash flow, expenses, and revenue, and advise on cost-saving measures.



Skills

  1. Budgeting & Forecasting
  • Lead the annual budgeting process in alignment with hotel management and ownership goals.
  • Provide financial forecasts and adjust budgets based on evolving business needs.
  • Ensure all department budgets are managed effectively, guiding department heads in meeting financial targets.
  1. Compliance & Internal Controls
  • Ensure compliance with local tax laws, accounting regulations, and internal policies.
  • Conduct periodic audits, implement internal controls, and monitor for financial integrity and operational efficiency.
  • Collaborate with external auditors to prepare for annual audits.
  1. Team Leadership & Development
  • Manage and mentor the finance team, ensuring effective performance and professional development.
  • Provide training on financial policies and best practices to department heads and staff.
  • Promote a culture of financial responsibility across all hotel departments.
  1. Accounts Receivable/Payable Management
  • Oversee the processing of invoices, payments, and receipts, ensuring timely and accurate financial transactions.
  • Maintain vendor relationships and negotiate favorable terms where possible.
  • Ensure guest billing, credit management, and collections processes are efficient and customer-friendly.
  1. Financial Strategy & Cost Management
  • Partner with the hotel management team to set financial goals and develop strategies to enhance profitability.
  • Analyze operational expenses, recommend cost-saving initiatives, and monitor expense compliance.
  • Track performance metrics, KPIs, and other financial benchmarks to inform decision-making.


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The MSI Group
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Management Solutions International (MSI), established in 1987, is one of the leading Human Resources and Management Consultancies, with over 30 years of Multi-industry experience. Headquartered in Virginia, USA, MSI currently has 6 Branches, working with prominent Government / Semi-Government, Multi-National Companies as well as SMEs. MSI, traditionally an Executive Recruitment Firm is a part of CFR Global Executive Search which is a growing alliance of independent Executive Search Companies having 59 Offices in 30 Countries. This gives MSI an edge with a Global database and allows them to effectively conduct Recruitment searches worldwide. Management Solutions International Overview In the latest acquisition, MSI acquired Petrolinx in 2013. Petrolinx is an Oil & Gas specialized entity with an ever increasing database of talent from various sectors, including Exploration & Drilling, Refining, Production, Petrochemical, Distribution. Petrolinx caters to the Government Clients as well and PMC and EPC Companies. Our strength lies in our Consultants’ industry specialisation who provide recruitment consultancy services to the clients in their respective sector. This focus allows our consultants to provide a better understanding of the supply of talent available for the specific role being recruited for. Also, because our consultants have prior industry knowledge they understand our clients’ businesses and can often offer unique perspectives that help clarify their needs and ensure better quality hiring decisions.

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