A Finance Manager is responsible for managing the hotel s financial operations ensuring profitability maintaining financial controls and supporting management in achieving business objectives. Responsibilities
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, Average Daily Rate (ADR), and Revenue per Available Room (Rev PAR) 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. Qualifications
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.