Finance Manager

A Finance Manager is responsible for managing the hotel's financial operations, ensuring profitability, maintaining financial controls, and supporting management in achieving business objectives.

1. Financial Planning and Budgeting

• Prepare annual budgets, forecasts, and business plans.
• Monitor departmental budgets and expenses.
• Analyze variances between actual and budgeted results.

2. Financial Reporting

• Prepare daily, weekly, monthly, and annual financial reports.
• Produce profit and loss statements, balance sheets, and cash flow reports.
• Present financial performance reports to hotel management and owners.

3. Revenue Management Support

• Monitor room revenue, food and beverage revenue, and other income streams.
• Analyze occupancy rates, Average Daily Rate (ADR), and Revenue per Available Room (RevPAR).
• Work closely with sales and revenue management teams to maximize profitability.

4. Cash Flow and Treasury Management

• Manage hotel cash flow and working capital.
• Monitor bank accounts and cash transactions.
• Ensure sufficient funds are available for daily operations.

5. Accounts Management

• Supervise Accounts Payable (AP) and Accounts Receivable (AR).
• Ensure timely collection of guest, corporate, and travel agent payments.
• Monitor supplier payments and outstanding balances.

6. Cost Control

• Control operating costs across all departments.
• Review purchasing activities and inventory usage.
• Identify opportunities for cost savings without affecting guest service quality.

7. Internal Controls and Compliance

• Establish and maintain financial policies and procedures.
• Ensure compliance with accounting standards, tax regulations, and company policies.
• Safeguard hotel assets and prevent fraud.

8. Audit Coordination

• Coordinate internal and external audits.
• Prepare audit schedules and supporting documents.
• Implement audit recommendations and corrective actions.

9. Payroll Administration

• Review payroll processes and labor cost reports.
• Ensure salaries, benefits, and statutory payments are processed accurately.
• Monitor labor costs against budget.

10. Inventory and Asset Management

• Oversee inventory controls for food, beverages, supplies, and operating equipment.
• Monitor fixed assets and depreciation records.
• Conduct periodic inventory and asset verification.

11. Team Leadership

• Lead and supervise the finance and accounting department.
• Train and develop finance staff.
• Conduct performance evaluations and provide coaching.

12. Strategic Business Support

• Provide financial analysis for hotel projects and investments.
• Support management in decision-making through financial insights.
• Evaluate business opportunities and operational improvements.

Qualifications for a Finance Manager (Hotel Industry)

Experience

• Minimum 5–8 years of experience in finance or accounting.
• At least 2–3 years in a supervisory or managerial role.
• Previous experience in the hospitality or hotel industry is highly preferred.
• Experience with hotel financial reporting, budgeting, revenue management, and cost control.

Technical Skills

• Strong knowledge of accounting principles and financial reporting standards.
• Experience with hotel accounting systems and ERP software.
• Proficiency in Microsoft Excel, financial modeling, and data analysis.
• Knowledge of budgeting, forecasting, cash flow management, and internal controls.
• Understanding of tax regulations and audit requirements.

Leadership and Management Skills

• Strong team leadership and staff development abilities.
• Excellent organizational and time-management skills.
• Ability to manage multiple priorities and meet deadlines.
• Strong decision-making and problem-solving capabilities.

Communication Skills

• Excellent written and verbal communication skills.
• Ability to present financial information clearly to management and stakeholders.
• Strong negotiation and interpersonal skills.

Personal Attributes

• High level of integrity and confidentiality.
• Strong attention to detail and accuracy.
• Analytical and strategic thinking abilities.

Our commitment to Diversity & Inclusion:

We are an inclusive company and our ambition is to attract, recruit and promote diverse talent.

Why work for Accor?

We are far more than a worldwide leader. We welcome you as you are and you can find a job and brand that matches your personality. We support you to grow and learn every day, making sure that work brings purpose to your life, so that during your journey with us, you can continue to explore Accor’s limitless possibilities.
By joining Accor, every chapter of your story is yours to write and together we can imagine tomorrow's hospitality. Discover the life that awaits you at Accor, visit https://careers.accor.com/

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