Accounts Manager
1 week ago
**Key Responsibilities and Duties**:
Advise the General Manager, the holding Company on financial planning budgeting, cash flow, and policy matters.
To provide financial information to management as tools for maximizing profits and planning for the future. Reports which should stimulate management action. Month end, quarter end, and year end closing of adjusting entries (ex: prepaid/accrued etc.),Monthly balance sheet and P & L fluctuation analysis, Monthly expense variation analysis etc
Assist the COO in preparation of all business planning, financial projections and budgeting processes for Grandeur. Financial projections include revenue and profit targets.
In collaboration with the General Manager finalize the detailed business plans, financial projections and budgets which include revenue /profit targets, cost optimization, expenses and resource budgeting.
To compile, together with the other executives, budgets and forecasts covering all activities of the hotel. To compile treasury/cash flow forecasts for the business. Provide monthly reports regarding all business plans and budgets vs actuals to the General Manager and to the CEO.
Keep track of variances between budget and actuals; take corrective action as and when required.
Check and monitor daily cash collection, handling the petty cash, monitoring bank transaction and preparation of bank reconciliation statement at month end.
Discuss and finalize service level agreements (SLA) with each Department.
Ensure approvals are in place for major transactions.
Design and prepare audit schedules (ex: prepayments/accrued etc.) For external audit processors.
To assist proactively with cost containment, revenue enhancement, profit improvement opportunities and safeguarding of the company’s assets.
Responsible for preparing cash flow on a fortnightly basis and submit to the Head Office.
Upgrade and implement appropriate systems for policies, internal controls, accounting standards, and procedures.
Represent the business externally, particularly in banking and other negotiations.
Ensure that there are, at all times, proper procedures and controls for purchasing, receiving, stores and requisitioning. Improve accounting services, payment processing, payroll, accounts payable, and purchasing.
Oversee, direct, and organize the work of the Accounts Department Team members.
Ensure the Receivables are within the approved limits.
Payroll Duties:
Responsible for printing pay slips after payroll has been approved and submit to the bank, keeping records for the same.
Employees & Performance Management:
Responsible for all manpower and recruitment activities pertaining to the Accounts Department.
Develop the Account’s Team’s objectives and targets, and conduct monthly reviews as well as conducting the annual performance review meetings.
Set clear expectations with the Accounts Team regarding business plans, budgeting, resourcing and performance.
Evaluate the performance of the Accounts Team and initiate internal training and development.
**Salary**: AED5,000.00 - AED6,000.00 per month
Ability to commute/relocate:
- Al Barsha: Reliably commute or planning to relocate before starting work (required)
**Experience**:
- Hotel Accounting: 3 years (required)
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