About the position
Job Summary The Hotel FC is the anchor of the hotel's financial department. They oversee all aspects of the hotel's financial activities, from managing budgets and forecasting to ensuring accurate financial reporting and compliance. They are the financial confidante of the General Manager (GM) and a key partner in driving profitability and achieving the hotel's strategic goals. Job Location This position will be a blended site based at Shekinah Lion and Game Lodge, in Vaalwater, a small town 60km from Modimolle local Municipality in the Limpopo Province and victual working from home. It is desired that the incumbent have own car to travel to and from site as an when required and on a designated date Contract Duration This position is an initial one year fixed term position with a three months probation and a prospect of being a permanent position after the expiry at the anniversary date subject to an operational requirements and good performance. This position will report directly to the General Manager at the lodge and the contract will be signed under the appointed Hospitality Management company called Best Eagle Pty Ltd Qualifications and Skills for a Hotel Financial Controller Proven experience in financial statement preparation, analysis, and reporting.
To excel as a Hotel FC, a strong foundation in accounting principles and financial analysis is essential. Here are some specific qualifications and skills highly sought after in this role:
1. Bachelor's degree/Diploma in Accounting, Finance, or a related field (CPA designation a plus).
2. Minimum of 5-7 years of experience in hotel accounting or a related industry
4. Strong understanding of hospitality accounting principles and practices.
5. Expertise in budgeting, forecasting, and financial modelling.
6. Proficiency in accounting software, such as [popular hotel accounting software] and Microsoft Excel.
7. Excellent analytical and problem-solving skills.
8. Strong communication and interpersonal skills, with the ability to present complex financial information in a clear and concise manner.
9. Leadership and management skills to effectively supervise and mentor accounting staff.
10. Attention to detail and accuracy, ensuring meticulous recordkeeping and financial reporting.
11. Time management and organizational skills to prioritize tasks and meet deadlines.
12. Strong work ethic and the ability to thrive in a fast-paced environment.
13. Excellent teamwork and collaboration skills, working effectively with department heads, management, and other staff.
14. Proficiency in a second language (especially in multilingual tourist destinations) is a valuable asset.
Desired Skills:
- Excellent analytical
- problem-solving skills
- popular hotel accounting software
- Microsoft Excel.
- financial statement preparation
Desired Work Experience:
- 2 to 5 years
Desired Qualification Level:
- Diploma
About The Employer:
Key Responsibilities of a Hotel Financial Controller
The Hotel FC wears many hats, juggling various critical responsibilities. Here's a breakdown of their core duties:
1. Financial Statement Preparation and Analysis:
- Overseeing the preparation of accurate and timely monthly, quarterly, and annual financial statements, including the Balance Sheet, Income Statement (P&L), and Cash Flow [URL Removed] detailed analysis of financial statements to identify trends, variances, and areas for improvement.
- Presenting financial data and insights to the GM, department heads, and ownership in a clear and concise manner.
- Budgeting and Forecasting:
- Leading the budgeting process, collaborating with department heads to develop realistic and achievable financial plans.
- Creating financial forecasts that predict future revenue, expenses, and profitability based on market trends, historical data, and upcoming events.
- Monitoring budget variances and taking corrective actions when necessary.
- Accounting Operations Management:
- Overseeing the day-to-day operations of the accounting department, ensuring smooth workflow and adherence to accounting principles.
- Supervising and mentoring accounting staff, providing guidance on accounting procedures and best practices.
- Implementing and maintaining internal controls to safeguard the hotel's assets and ensure data integrity.
- Cash Flow Management:
- Developing and implementing strategies to optimize cash flow, minimizing idle cash and ensuring sufficient funds for operational needs and debt obligations.
- Managing bank relationships, negotiating favourable loan terms, and securing financing when needed.
- Monitoring accounts receivable and payable, ensuring timely collections and payments.
- Cost Control and Analysis:
- Analysing departmental expenses to identify areas for cost savings and efficiency improvements.
- Working with department heads to implement cost-control measures while maintaining guest satisfaction.
- Monitoring labour costs, ensuring optimal staffing levels and adherence to labour budgets.
- Tax Compliance and Reporting:
- Ensuring the hotel's compliance with all applicable tax regulations, including federal, state, and local taxes.
- Working with external auditors during the annual audit process.
- Preparing and filing all necessary tax returns accurately and on time.
- Financial Risk Management:
- Identifying and assessing financial risks associated with the hotel's operations, such as market fluctuations, economic downturns, and natural disasters.
- Developing and implementing strategies to mitigate these risks, protecting the hotel's financial well-being.
- Maintaining adequate insurance coverage to safeguard against unforeseen events.
- Strategic Planning and Analysis:
- Participating in the hotel's strategic planning process, providing financial insights and projections.
- Evaluating the financial feasibility of proposed investments and new ventures.
- analysing the impact of market trends and competitor activity on the hotel's financial performance.
- Technology and Automation:
- Staying current with the latest advancements in hospitality accounting software.
- Implementing and utilizing technology to streamline accounting processes and improve efficiency.
- Generating reports and data visualizations that provide valuable financial insights.
- Other Responsibilities:
- Maintaining strong relationships with external auditors, banks, and other financial institutions.
- Representing the financial department in meetings and presentations.
- Staying informed about industry trends and best practices in hotel accounting.
