Finance Manager

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.

• Financial Planning and Budgeting
  • Prepare annual budgets, forecasts, and business plans.
  • Monitor departmental budgets and expenses.
  • Analyze variances between actual and budgeted results.
• 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.
• Revenue Management Support
  • Monitor room revenue, food and beverage revenue, and other income streams.
  • Analyze occupancy rates, ADR, and RevPAR.
  • Work closely with sales and revenue management teams to maximize profitability.
• 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.
• 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.
• Cost Control
  • Control operating costs across all departments.
  • Review purchasing activities and inventory usage.
  • Identify opportunities for cost savings without affecting guest service quality.
• 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.
• Audit Coordination
  • Coordinate internal and external audits.
  • Prepare audit schedules and supporting documents.
  • Implement audit recommendations and corrective actions.
• Payroll Administration
  • Review payroll processes and labor cost reports.
  • Ensure salaries, benefits, and statutory payments are processed accurately.
  • Monitor labor costs against budget.
• 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.
• Team Leadership
  • Lead and supervise the finance and accounting department.
  • Train and develop finance staff.
  • Conduct performance evaluations and provide coaching.
• 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.

• 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.

• 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.

• 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.

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

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