The Area Financial Controller is responsible for providing oversight for all financial and accounting activities at our FiDi and Brooklyn Locations, providing information that will help the executive team in making educated economic decisions about the Venues’ operations. They will provide a wide variety of accounting services to other team members and guests in a friendly, courteous and professional manner to ensure guest satisfaction.
The role will supervise and coordinate the Accounting Operations in the hotel to ensure accurate, timely and consistent reporting in accordance with policies and procedures, GAAP and federal, state and local laws and regulations. Assist and support the Controller in maintaining control over income, expenses and the assets and liabilities of the hotel. Position is responsible for the daily operation of Payroll, Accounts Receivable, Accounts Payable, Income Journal, General Cashiering, Taxes and internal controls. May recommend and implement operational changes.
Key objectives:
- Ensure accuracy of the monthly and weekly reporting and comments
- Ensure the Balance Sheet are reconciled properly every month
- Control the cash position of the hotel
- Improve internal control of the hotel
- Identify cost savings
- Support the GM in the management of the hotel and in providing insightful forecast and analytical review
- Ensure compliance with procedures in the Memorandum of Understanding
Essential responsibilities include:
MANAGEMENT REPORTING
- Responsible for preparing the monthly reporting accurately and sending it timely to Regional Office
- Responsible for sending timely Weekly and Monthly revenue forecasts to Regional Office
- Responsible for maintaining daily cash flow forecasts
BUDGET & FORECASTING
- Prepare the annual budget of the hotel according to the guideline and timeline sent by Regional Office
- Ensure the forecast is updated every month and reflect revenue and expenses management actions being taken
- Ensure hotel is following the business plan and approved budget.
- Make all necessary recommendations in that matter.
INTERNAL CONTROL & PROCEDURES
- Ensure the property complies with WIH internal control policy
- Develop hotel detailed procedures regarding internal control, reflecting WH&R internal control policy
- Develop and implement appropriate responses to accounting and control deficiencies identified in audits.
Seniority level
Executive
Employment type
Full-time
Job function
Management and Finance
Industries
Hospitality and Hotels and Motels
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