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Manages the hotel’s day-to-day Accounting function, assisting the Cluster Director of Finance in providing financial leadership to the business and clear structure and direction to the Finance team. Primary responsibilities include preparation and analysis of the financial reports and reconciliations, internal and external reporting, budgeting/forecasting, audit and control, asset and liability reconciliation, working capital and cash control.
Job Responsibility
Manages the hotel’s day-to-day Accounting function
assisting the Cluster Director of Finance in providing financial leadership
preparation and analysis of financial reports and reconciliations
internal and external reporting
budgeting/forecasting
audit and control
asset and liability reconciliation
working capital and cash control
supports strategies to drive financial results, guest satisfaction, human capital index and market share
manages day to day operation of Accounting
assists in developing annual business plan, budgets, forecasts, financial reports, tax compliance, and profit and loss statements
ensures appropriate controls are in place to manage business risks
assists in hiring and development of accounting associates
sustains work environment focusing on fair and equitable treatment
meets report delivery deadlines
verifies P&L accuracy
communicates with supervisors, co-workers, and subordinates
demonstrates leadership
achieves and exceeds performance goals
develops specific goals and plans
generates and provides accurate and timely results
analyzes information and evaluates results
informs and updates executives, peers, and subordinates
verifies all taxes are current, collected and/or accrued
processes information
evaluates information for compliance
updates and uses relevant knowledge
communicates financial concepts
advises Cluster Executive committee on financial issues
provides analytical support
assists in developing annual business plan, budgets and monthly forecasts
identifies cost saving and productivity opportunities
provides direction regarding accounting and budgeting policies
orients hotel managers to accounting function
produces accurate and timely financial reports
provides meaning to financial results
verifies P&L accuracy
maintains strong accounting and operational control environment
produces accurate forecasts
reconciles balance sheet
facilitates critique meetings
celebrates successes
leverages strong functional leadership
establishes open collaborative relationships
creates working environment for retention of top talent
verifies cross-training
conducts annual performance appraisals
encourages open dialogue
assigns clear accountability
uses on the job training tools
manages audit processes
verifies disciplinary procedures
generates and reviews financial reports
verifies tax rates
completes adhoc requests
performs other duties as assigned
Requirements
Full/part-qualified accounting qualification or Bachelor's degree (B. A.) from four-year College or University
or three years related experience and/or training
or equivalent combination of education and experience
Hotel accounting experience is essential, operational experience is also preferred but not essential
Hotel Operational Finance knowledge – previous Asst DOF or smaller hotel Director of Finance
Numeracy - using mathematics to solve problems, calculations, presentations etc.
Reading Comprehension - Understanding written sentences and paragraphs in work related documents
Writing - Communicating effectively in writing as appropriate for the needs of the audience
Economics and Accounting - Knowledge of economic and accounting principles and practices, P&L statements, operating budgets, forecasting and scheduling, and the reporting of financial data
Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures
Analytical/Critical Thinking - The ability to gather and organize information using a logical and systematic process
recognize patterns and relationships in complex data
examine data to identify implications, problems and draw appropriate conclusions
generate alternative solutions to problems
evaluate strengths, weaknesses and consequences of alternative solutions and approaches to solving problems
Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources
Purchasing and Materials Management - Knowledge of practices and procedures needed to maintain material, equipment and supplies
including vendor identification and contract negotiation, supply requisition and purchasing, and inventory control (e.g., accounting and budgeting)