Group Financial Controller (Hospitality Sector)
Job Location:
Bridgetown - Barbados
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
Overview: Our client is one of the longest established Hotel operators in Barbados with multiple locations along the South Coast. Due to expansion they are seeking to add a professional to the management team.
- Manage the day-to-day operations of the Finance Department.
- Prepare and review monthly financial statements management accounts and reports.
- Ensure financial information is accurate complete and submitted on time.
- Analyze financial results variances and overall hotel performance.
- Maintain accurate accounting records and ensure balance sheet reconciliations are completed.
Budgeting & Forecasting
- Lead the annual budgeting process.
- Prepare monthly and annual forecasts with the General Manager and department heads.
- Monitor performance against budgets and forecasts.
- Investigate variances and recommend corrective action.
- Provide financial guidance to management to support profitability and cost control.
Hotel Operations & Revenue Control
- Oversee financial controls for rooms food and beverages events and other revenue.
- Review daily revenue reports and ensure revenues are accurately recorded and reconciled.
- Monitor key hotel performance indicators such as occupancy ADR and RevPAR.
- Ensure proper controls over cash credit cards refunds discounts and other transactions.
- Monitor food and beverage costs inventory wastage and margins.
- Review purchasing receiving and supplier procedures.
Accounts Receivable & Payable
- Oversee accounts receivable and payable activities.
- Monitor outstanding balances credit accounts and overdue payments.
- Ensure invoices are properly approved recorded and paid on time.
- Maintain accurate supplier and creditor reconciliations.
- Ensure proper controls over purchasing and payment processes.
Cash & Banking
- Oversee cash handling banking and daily deposits.
- Review bank reconciliations and resolve discrepancies.
- Monitor cash flow and working capital.
- Maintain controls over petty cash and operational cash.
Internal Controls & Risk Management
- Develop and maintain financial policies procedures and internal controls.
- Safeguard the hotels financial and physical assets.
- Identify financial risks and control weaknesses and recommend improvements.
- Investigate discrepancies and irregularities.
- Ensure compliance with company policies and applicable Barbados legislation.
Payroll Support
- Oversee payroll accounting and ensure payroll information is accurate and authorized.
- Review payroll reports and statutory deductions.
- Ensure payroll-related obligations are paid and reported on time.
Tax Audit & Compliance
- Coordinate external audits and provide required information and documentation.
- Ensure timely preparation of tax and statutory returns.
- Maintain records for tax and regulatory compliance.
- Liaise with auditors tax advisors financial institutions and regulatory agencies.
- Stay updated on relevant accounting tax and regulatory requirements.
Team Management
- Ensure appropriate staffing workflow and productivity within the Finance Department.
- Provide guidance and support to Finance team members.
- Bachelors degree in Accounting Finance Business Administration or a related discipline.
- Professional accounting qualifications such as ACCA CPA CIMA or equivalent is strongly preferred.
- Minimum of 5 years progressive accounting/finance experience with significant experience in the hotel or hospitality industry.
- Previous experience as a Financial Controller Assistant Financial Controller Finance Manager or equivalent senior finance position.
- Strong knowledge of hotel accounting financial reporting budgeting forecasting and internal controls.
- Experience managing and developing a finance team.
- Strong working knowledge of Microsoft Excel and accounting/ERP systems.
- Experience with hotel property management and point-of-sale systems is an advantage.
- Knowledge of Barbados tax statutory and regulatory requirements would be an asset.
Required Skills:
Bachelors degree in Accounting Finance Business Administration or a related discipline. Professional accounting qualifications such as ACCA CPA CIMA or equivalent is strongly preferred. Minimum of 5 years progressive accounting/finance experience with significant experience in the hotel or hospitality industry. Previous experience as a Financial Controller Assistant Financial Controller Finance Manager or equivalent senior finance position. Strong knowledge of hotel accounting financial reporting budgeting forecasting and internal controls. Experience managing and developing a finance team. Strong working knowledge of Microsoft Excel and accounting/ERP systems. Experience with hotel property management and point-of-sale systems is an advantage. Knowledge of Barbados tax statutory and regulatory requirements would be an asset.
