Hotel Financial Operations Manager Job Description
The Hotel Financial Operations Manager is a critical role responsible for the financial management and operational efficiency of the hotel.
Key Responsibilities:
1. Financial Management:
* Complete daily accounting operations, including accounts payable, accounts receivable, payroll, and general ledger.
* Prepare budgets, forecasts, and financial planning to ensure accurate cash flow projections.
* Monitor working capital and implement strategies to optimize cash flow.
2. Reporting & Analysis:
* Track hotel expenses and identify areas for cost savings.
* Develop and implement strategies to reduce costs and improve profitability.
3. Compliance & Control:
* Ensure compliance with local tax regulations, statutory audits, and company financial policies.
* Maintain strong internal controls to prevent financial discrepancies.
4. Collaboration:
* Work closely with the General Manager, department heads, and directors to achieve financial goals.
5. Payroll & HR Coordination:
* Process staff payroll, deductions, and statutory contributions.
* Maintain employee financial records and liaise with HR on compensation-related matters.
6. Vendor & Contract Management:
* Review supplier invoices and contracts to ensure accurate billing and best pricing.
* Manage relationships with vendors, auditors, and banks.
Requirements:
* Bachelor's degree in Accounting, Finance, or a related field.
* Minimum 35 years of accounting experience, preferably in the hospitality industry.
* Strong knowledge of hotel accounting systems and software.
* Proficiency in MS Excel and accounting software.
* Excellent analytical, problem-solving, and organizational skills.
* Strong attention to detail and ability to meet tight deadlines.
* Leadership and communication skills.