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Cluster Financial Controller

  • Bahrain, Middle East
  • Unspecified

Major Function

Responsible for ensuring the financial stability and profitability of an Operating Hotel and a Pre-Opening Hotel by overseeing all accounting functions including, but not limited to, compliance, budgeting, accounts payable, accounts receivable, petty cash, payroll and purchasing procedures.

Duties and Responsibilities

·Develop and oversee all functions of the Finance Division.

·Ensure both Hotel's finances are managed according to local legislation, policies and procedures and generally accepted accounting principles.

·Ensure all compliance issues are adhered to with regard to taxes, licensing, customs, registrations, and insurance.

·Oversee the development of annual budgets and targets for the Hotel.

·Prepare detailed financial reports and statements as required for SBI, Cluster General Manager and its owners.

·Analyse financial reports regularly to ensure business profitability is in line with business goals, cash flows are appropriate for business needs, and to highlight discrepancies, financial risks and opportunities.

·Use various financial management and revenue management skills to analyse performance results to identify profitability shortfalls or opportunities to increase revenues, reduce costs, improve overall profitability and meet budget goals.

·Maintain complete and current ledgers, journals, and other accounting records with utmost confidentiality.

·Oversee all banking arrangements including drawing down overdrafts and placing funds in time deposits.

·Oversee all A/P and A/R arrangements to ensure bills are paid timely and accurately and revenues are received to manage the cash flow statement.

·Oversee the auditing of both Hotel's accounts, records and transactions.

·Oversee the budgeting process for both Hotel's with the Cluster General Manager and other Division and/or Department Heads.

·Manage the reserve for replacements and oversees capital expenditure plans for both Hotel with the Cluster General Manager.

·Establish, implement and oversee all aspects of purchasing, receiving and inventory practices.

·Review all unbudgeted Hotel expenditures and recommend corrective actions as necessary.

·Review and negotiate tender documents and vendor contracts as necessary.

·Obtain information and knowledge to keep abreast of industry practice, technological and advancement, new methods, equipment and materials.

·Make recommendations to the Cluster General Manager and Corporate Head Office regarding opportunities for improvements in accounting procedures and internal control.

·Provide financial and accounting advice, direction and leadership to other Managers and Supervisors so they understand financial objectives and practice good financial management skills.

·Provide on-going communication to all areas within your division regarding policies, programs and procedures.

·Ensure all operating procedures are properly implemented within your division.

·Review and modify operating manuals within your division as required.

·Ensure the best candidates fill vacancies by participating in the recruitment process of Employees under your supervision.

·Develop and constantly review the succession plan within your division and develop cross training and professional development programs for the advancement of potential Supervisors and Managers.

·Conduct regular performance appraisals for Employees to assess employment eligibility during their probation period, and opportunities for development throughout their career with the Hotel and SBI.

·Identify training opportunities and ensure training objectives are met in areas under your supervision.

·Address issues with regard to Employee misconduct and disciplinary action as per HR procedures.

·Manage the schedule for Employees in your division to ensure proper coverage to meet business needs.

·Review payroll costs for your division and make recommendations where appropriate.

·Attend and coordinate regular meetings including management and departmental meetings for areas under your supervision.

·Coordinate functions and activities with regional, divisional and corporate staff as appropriate.

·Monitor the condition of facilities and make recommendations on maintenance repairs or renovations and refurbishments requiring capital expenditure budgets to ensure an updated look and feel for the Hotels.

·Maintain a complete understanding of the Employee Handbook and adhere to regulations contained therein.

·Maintain a complete understanding of the Hotel’s policy relating to fire, safety and health, and ensure all precautions are taken to safeguard against incidents for areas under your supervision.

·Perform other assignments to meet business needs as directed by your superiors.

Required Skills

·Self-motivated.

·Innovative thinking.

·Strong interpersonal and communication skills.

·Strong leadership, coaching and counselling skills.

·Strong analytical skills and strategic thinking.

·Strong financial management skills.

·High attention to detail.

·Ability to organize and lead complex projects.

·Able to multi-task and prioritize tasks consistent with business objectives.

·Computer literate with knowledge of Word, Excel, PPT, and industry related software desired.

·Must be fluent in English.

·Strong comprehension of the Uniform System of Accounts.

EXPERIENCE, TRAINING AND EDUCATION

·Graduate of an Accountancy or related program required.

·Certified Public Accountant required.

·Minimum 2 years experience in the same position required or strong track record as a Financial Controller or Chief Accountant for at least 3 years.

.Single Employment Status.

.Experience in a Cluster position is an advantage.

·Hotel experience required.

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