Financial Controller

2 weeks ago

Dubai, Dubai, United Arab Emirates AccorHotel Full time
We are far more than a worldwide leader.

We are 280,000 women and men placing people at the heart of what we do, and nurturing real passion for service and achievement Joining Accor means embarking on a unique life journey to imagine tomorrow's hospitality.

To join our Group, please visit Job DescriptionAs a Financial Controller , you will assist in preparing, in conjunction with the Managing Director and other department heads, the annual budget, capital budgets and the rolling forecast.

The Financial Controller will establish the annual budget preparation procedures and guidelines.

Here are some of the responsibilities that await you;Planning & OrganizingTo provide accurate and complete financial and management reports on a timely and accurate basis to hotel management, corporate office and owners in accordance with the company and ownership reporting requirements and policy.

In addition, the Financial Controller is responsible for reporting accurately and timely, the actual results as compared to budget/forecast results.

He/she is to maintain adequate records to reflect the comparison of the actual expenditures for furniture, equipment and operating equipment to the budgeted amounts.

Responsible for the analysis and interpretation of the financial data and communicating this in a comprehensible form, of meaningful variations in the operations.

To assist other department heads in the development and implementation of "corrective action plans" on internal and or external audit and operational reports.

To assist in the development and implementation of bench-marking techniques that will enable the hotel to enhance revenues while improving productivity and cost efficiencies.

To seek, identify and implement throughout the hotel best practices that will serve to enhance revenues, guest service and improve cost and productivity efficiencies.

Ensure cash flow is adequate to meet the needs of the operation. Approve all cash disbursements and ensure that all disbursements are properly documented and executed. Approve all rebates, adjustments and allowances in accordance with company policy.

The position is directly accountable to manage the hotel accounting department, information and internal control systems and hotel finances in accordance with all policy and procedures.

This position is accountable for the development, documentation, and support of Financial Polices and Operational Procedures to include performance monitoring as it relates to the hotels.

To participate in the development, maintenance and adherence to a single chart of accounts, payroll and expense dictionary, and the function of accounts in order that the hotels financial and statistical data is accurately and consistently recorded and reported.

Has a fiduciary responsibility to the Company for ensuring the hotels are reporting in compliance with the policies, the Uniform Chart of Accounts and hotel management or other contractual arrangements with respect to accounting matters.

The analysis of the balance sheet accounts, on a selected basis and the preparation of the monthly internal bench-marking and operational performance analysis reports.

Accountable for the development, documentation and maintenance, within hotels, to ensure compliance with the requirements of internal/standard controls.
Manage all facets of the capital process. Ensure all hotels establish and maintain the tracking of fixed assets sub-ledgers and depreciation.

All laws and fiscal regulations of the area location, which effect financial matters of the hotel, will be complied with.

This includes seeing that proper permits and licenses are obtained for such things as liquor licenses, sellers permit, business licenses, etc.

The safe keeping of all lease and contracts and any other legal records and documents, which may affect the financial status of the hotel.

Such documents are to be listed and keep current on the Critical Date List.

To ensure that hotel accounting department is operating efficiently and at an optimum staffing levels, so that there are succession plans in place for the top three positions.

To recommend and assist in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules, labor standards, forecast, plans to assist operational staff.

Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary.
Developing, implementing and monitoring credit and collection procedures and guidelines pursuant to "adopted" corporate credit policies.
The Director of Finance will be a highly motivated team player with strong accounting, communication, and analytical skills. Strong systems background needed.
Performs other similar or related duties as necessary.

The corporate Executive Director, Operations Accounting, along with the hotel's General Manager, control the selection, appointment, termination, promotion or transfer, as well as the remuneration of the Financial Controller in each hotel.

PERFORMANCE MEASUREMENT TOOLSP&L Accuracy / TimelinesCosts are properly matched to revenues and recorded in the proper accounts.
Month-end information is transmitted to Corporate and Regional offices in a timely and accurate basis. Based on the detailed instructions sent out on verification of totals from the Financials System and the Reporting System.

Preliminary statements are delivered to Executive Committee and Department heads within 2 business days of month-end, and final statements within 3 business days.

Monthly commentary of results is clear and concise with major issues identified.
Commentaries are submitted timely with action plans to address deficiencies and a look towards the future.
ForecastingAccuracy is a high priority for all managers, and they are held accountable. The range is not more than a 3-5% change from the last forecast.
Meetings are held monthly to critique past forecast accuracy and prepare current forecast.

Forecast is reviews with management monthly and provided to corporate recipients on a timely basisExecutive Committee PreparationParticipates in, and contributes to all material property decisions, providing financial leadership.

Consults with, and supports activities of Managing Director and members of Executive Committee.

The financial policy and perspective is shared and understood by employees as noted in all training materialsOwner RelationsManagement Agreement terms, priorities, performance tests and incentive fees distribution requirements are completely understood and managed.

Owner's monthly reporting package is sent by terms outlined in the Hotel Management Agreement.
Confidentiality of proprietary information is maintained.
Responses are complete and accurate.

Responses are professional in format, content and presentationHotel Management Agreement Charges and/or FeesAll Company related recoveries are accurately calculated and booked in accordance with the Chart of Accounts.

Payment is made to the Company within the contract terms, 30 daysBalance Sheet ReconciliationAccounts are properly recorded in the chart of accounts and reviewed for material changes quarterly on the commentary report.

Accounts are reconciled by the 20th day of the next month following the close of month-end.
Account balances are documented by physical counts, invoice, backup and signed contracts.
Reconciling items are immediately investigated and properly cleared in the following month.

On a semi-annual basis, formal reconciliation's are reviewed with the Regional Finance Team and no material observations are surfacedConserve CashWorking capital is managed, needs are minimized and standards are met.

Specifically this is to be accomplished by the monthly cash flow report and the accuracy of forecasting the balance sheet in detail.

Segregation of duties is maintained for non-compatible cash handling functions.

Produce and track debt test calculations and Mortgage requirementsSystem of Internal ControlSound cash, disbursement and payroll controls are in place.

Control systems are monitored and audited on a regular basis, as documented by Audit Services, to measure compliance with internal controls.

Workflow schedules are reviewed and updated quarterly.
Audit exceptions are documented and corrective action taken within 30 days.

Controls are explained and understood by all employees, as part of their job description that the employee has signed off on.

Property managers take ownership of the control system within their departments, as documented by the audit services team.
Segregation of duties for non-compatible functions is enforced.
Capital ExpendituresPolicy on Capital is understood and followed.
Capital needs (current or future) are anticipated and properly planned and completed.
AFE's are prepared and approvals obtained before any capital funds are committed or spent.

Capital expenditures are properly accounted and reporting system is up-to-date, with the cash flow projection and used as a management tool.

AnalysisOperating results are critiques each month on a timely basis, with follow up actions to major issues identified, by the 10th business day.

ROI capital projects are analysed prior to committing fundsTax/Legal/Insurance ComplianceTax rates used are current and accurate.
Proper amounts are collected/accrued by the 20th.
Taxes are paid on a timely basis.
Ensuring that all applicable permit and licenses are in place.
Maintain Hotel Insurance requirements.

Require that one person on the accounting staff takes a tax refresher course yearly to ensure that all tax requirements are fulfilled.

Policy AdministrationA thorough knowledge of understanding and proper application of policies and procedures.
A high level of integrity (Personnel, Control, Accounting and Policy) is maintained.
Operating /business issues are reviewed and resolved with Managing Director.
Issues surrounding Accounting, Policy or Controls are reviewed with Managing Director and Regional Finance.

Open lines of communication exist and are used by Financial Controller & Accounting on questionable issues with Area Director, Operations Accounting and Corporate Accounting office.

QualificationsYou are a strategic thinker with proven experience in financial managementStrong knowledge of relevant legislation for payroll, tax, superannuation and complianceProficiency with all Microsoft programs, SUN system and OperaA leadership style that is authentic and engagingExcellent analytical and problem-solving skills
#J-18808-Ljbffr

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Impact Talent Full time

    Financial ControllerThis is an exciting opportunity for an experienced Financial Controller to work for an international shipping and logistics business.As the Financial Controller, you will be responsible for supporting and controlling finance activities in several countries in Africa. Your responsibilities will include:Financial control and oversight of...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Aalawa Full time

    Job Description: Financial Controller.Location- United Arab Emirates. (Dubai)Company Description: The Company of our client is expanding into international partnerships. The company has entered into agreements with various global energy companies to collaborate on projects and broaden its reach in the international energy market. Therefore, the Company is...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Advaita Group Full time

    As a group financial controller, you will be responsible for overseeing and managing the company'scontrolling functions, including budgeting, cost control, and financial analysis. You will work closely withsenior management to provide accurate financial information and help guide decision-making across theorganization.Responsibilities: Lead the controlling...

  • Financial Controller

    1 month ago

    Dubai, Dubai, United Arab Emirates Venture Search Full time

    As the Group Financial Controller, you will be in charge of overseeing the company's financial control operations, including budget management, cost efficiency, and financial assessments. This role requires close interaction with senior management to deliver accurate financial data and support organizational decision-making.Key Responsibilities:Team...

  • Financial Controller

    4 weeks ago

    Dubai, Dubai, United Arab Emirates Venture Search Full time

    As the Group Financial Controller, you will be in charge of overseeing the company's financial control operations, including budget management, cost efficiency, and financial assessments. This role requires close interaction with senior management to deliver accurate financial data and support organizational decision-making.Key Responsibilities:Team...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates MILLENNIUM CENTRAL DOWNTOWN Full time

    Financial Controller - UKThe Role: Use financial analysis, data trends and market information to anticipate needs, identifies operating/financial issues, and recommends actions to maximize financial return. Prepare Monthly & Annual Management Accounts Prepare Quarterly VAT return Reconcile all balance sheet items monthly and review with the hotel GM. Prepare...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Impact Talent Full time

    Financial ControllerThis is an exciting opportunity for an experienced Financial Controller to work for an international shipping and logistics business.As the Financial Controller, you will be responsible for supporting and controlling finance activities in several countries in AfricaYour responsibilities will include: Financial control and oversight of...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Combuzz HR Solutions Full time

    The Financial Controller is responsible for overseeing the financial operations of the company ensuring accuracy in financial reporting and maintaining robust financial controls. This role includes managing accounting records evaluating financial risks and providing strategic guidance to support the company s financial goals.Key Responsibilities:Financial...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates BIKANERVALA RESTAURANT Full time

    Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting, and Revenue Recognition Coordinate and direct the preparation of the budget and financial forecasts and report variances Prepare and publish timely monthly financial statements Coordinate the preparation of regulatory reporting Research...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Mackenzie Jones Full time

    Financial Controller Jobs in Dubai, UAE by Mackenzie Jones | Financial ControllerMackenzie Jones - Dubai, UAE Posted In 24/9/2013Apply For JobApplicants21 Views5263Job DescriptionOur client is a UK business with a strong presence in Dubai. They have grown impressively over the past decade and through diversification and strong leadership they are confident...

  • Financial Controller

    1 month ago

    Dubai, Dubai, United Arab Emirates Gulf Career Hunt Full time

    Hiring Financial Controller for a large corporation in UAE. Chartered Accountant Proven experience as a Finance Controller or a similar role in the retail industry (10+ years), UAE experience is a must Strong knowledge of financial management principles, practices, and regulations Proficiency in financial modeling and analysis Excellent problem-solving and...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Gulf Career Hunt Full time

    Hiring Financial Controller for a large corporation in UAE. Chartered Accountant Proven experience as a Finance Controller or a similar role in the retail industry (10+ years), UAE experience is a must Strong knowledge of financial management principles, practices, and regulations Proficiency in financial modeling and analysis Excellent problem-solving and...

  • Financial Controller

    4 weeks ago

    Dubai, Dubai, United Arab Emirates Gulf Career Hunt Full time

    Hiring Financial Controller for a large corporation in UAE. Chartered Accountant Proven experience as a Finance Controller or a similar role in the retail industry (10+ years), UAE experience is a must Strong knowledge of financial management principles, practices, and regulations Proficiency in financial modeling and analysis Excellent problem-solving and...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Nook Coworking Dubai Full time

    Job Title: Finance ControllerLocation: Dubai JLT2Employment Type: Flexible. 2-3 days in the officeCompany Overview:Our company is a small coworking business that operates within a dedicated floor provided by DMCC. We cater to a diverse group of tenants by offering flexible and modern workspace solutions. We are committed to creating a vibrant and...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Payfuture Technologies LLC Full time

    About The JobAs Financial Controller, you will be responsible for overseeing all aspects of the Finance function and regularly reporting to the CFO. The Financial Controller will play an integral role in shaping and ensuring the day-to-day running of the Finance function and will support the organisation through Series A and future fundraises.The role is...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Talent Bridge HR Consultancy Full time

    Position: Financial Controller (Group of Companies)Our client is affiliated with a venerable organization with a 75-year history of successful involvement in commercial enterprises, charitable activities, and community development. It's a group of companies ranging from construction, oil and gas, retail, hospitality, healthcare, education, and related...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Deluxe Transportation & Logistics Full time

    Job Summary The Financial Controller reports directly to the Head of Finance and also works closely with the Head of Operations. The Financial Controller is responsible for managing all financeand accounting operations, for regulatory and compliance reporting of all financial related items, including project cost management, vendor cost control, cash flow...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Dumdum's Consultancy Full time

    Job details Here's how the job details align with your profile . Pay AED11,000 - AED13,500 a month Job type Full-time Location Dubai Full job descriptionJob Summary:The Financial Controller will be responsible for overseeing all financial operations of the hotel. This role involves managing financial reporting, budgeting, forecasting, and ensuring...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates Oscar Star Facilities Management Services LLC Full time

    Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition Coordinate and direct the preparation of the budget and financial forecasts and report variances Prepare and publish timely monthly financial statements Coordinate the preparation of regulatory reporting Research...

  • Financial Controller

    2 weeks ago

    Dubai, Dubai, United Arab Emirates RecruitMe Plus Full time

    Location: Dubai UAEType: FullTimeAbout our client:A global leader in online travel services offering innovative solutions that connect millions of travelers to extraordinary journeys. Their mission is to empower travelers with unparalleled access to travel information and booking services. We are seeking an accomplished Financial Controller to oversee the...