Finance Officer – Hospitality (225-909)

We are seeking a meticulous and proactive Finance Officer with a background in the hospitality industry to manage our financial operations effectively. The ideal candidate will have a strong grasp of financial principles and hospitality management, ensuring that our financial strategies align with organizational goals. The Finance Officer will be responsible for maintaining financial records, preparing financial reports, and analyzing financial data to aid in strategic decision-making. This role requires excellent analytical skills, attention to detail, and the ability to work collaboratively with different departments to ensure financial efficiency and compliance within the hospitality sector. Strong communication skills are essential, as the role involves interacting with various stakeholders and presenting financial information to the management team.

Responsibilities

• Oversee and manage all financial operations and transactions within the hospitality sector.
• Prepare and provide accurate financial reports and forecasts to the management team.
• Develop budgets and financial plans for the organization and monitor adherence.
• Analyze financial data to identify trends and provide insights for decision-making.
• Ensure compliance with financial regulations and accounting standards applicable to hospitality.
• Collaborate with department heads to optimize financial processes and improve efficiencies.
• Implement internal control systems to safeguard the company’s financial resources.
• Review hospitality-related financial agreements and ensure their adherence to budgets.
• Monitor cash flows and manage liquidity to ensure operational stability.
• Facilitate audits by preparing necessary documentation and liaising with auditors.
• Manage accounts payable and receivable, ensuring timely payments and collections.
• Advise management on cost-reduction strategies and revenue improvement opportunities.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related field is required.
• Proven experience as a Finance Officer in the hospitality industry is essential.
• Strong knowledge of financial regulations, accounting principles, and industry practices.
• Excellent analytical skills and experience with complex financial data analysis.
• Proficiency with financial management software and accounting systems is necessary.
• Strong communication and interpersonal skills to interact effectively with stakeholders.
• Ability to work independently and collaboratively in a fast-paced hospitality environment.