Financial Controller

Overview

About The First Group Hospitality

The First Group Hospitality is a Dubai-headquartered, full-service hospitality management companyspecialisingin hotel operations, asset management, and F&B strategy. With a team of industry veterans and a proventrack record, the company delivers tailored solutions that enhance efficiency,optimiserevenue, andmaximiseasset value for investors and hotel owners. As a trusted third-party hotel management provider, The First Group Hospitality partners with leading global brands to drive operational excellence and long-term profitability, thanks toexpertisespanning property performanceoptimisation, cost management, and guest experience enhancement. Beyond management, The First Group Hospitality develops andoperatesa dynamic portfolio of upscale hotels, residences, and award-winning restaurants, creating high-value hospitality assets that stand out in the market.

For more information, visit tfghospitality.com

Job Description

Under the overall direction of the Hospitality Finance Leader and within the framework of TFG policies, procedures, internal controls and applicable UAE laws and regulations, the Financial Controller – TFG Restaurant Management LLC is responsible for the overall financial control, accounting operations, financial reporting and statutory compliance of TFG Restaurants. The position ensures that the company’s books of account are accurate, complete, timely and maintained in accordance with applicable accounting standards, TFG policies and UAE regulatory and tax requirements.

The Financial Controller oversees the finance operations supporting F&B outlets across all Business Units, working closely with the Finance Leaders of the respective hotels and Business Units to ensure the proper recording, reconciliation, allocation and reporting of all F&B-related financial transactions.

The position provides financial leadership and business support to TFG Restaurants management, with particular focus on revenue, cash, receivables, payables, inventory, cost of sales, expenses, intercompany transactions, management reporting, internal controls and UAE tax compliance.

Duties and Responsibilities

1. Financial Accounting and Books of Account

• Take overall responsibility for the complete and accurate books of account of TFG Restaurant Management LLC.
• Ensure all financial transactions relating to the company’s F&B operations are properly recorded in the accounting system.
• Establish and maintain an appropriate chart of accounts and financial reporting structure for the restaurant business.
• Lead the timely month-end, quarter-end and year-end closing of the books.
• Review and approve monthly reconciliations for bank accounts, credit cards, receivables, payables, inventory, accruals, prepayments, fixed assets, intercompany and other balance-sheet accounts.
• Ensure outstanding reconciling items are investigated and cleared on a timely basis.
• Maintain appropriate supporting documentation for accounting entries and financial records.
• Ensure proper accounting treatment of revenue, discounts, promotions, complimentary transactions, commissions, service charges and other F&B transactions.

2. F&B Outlet Financial Control

• Provide financial oversight across all Business Units and establish consistent finance-control procedures for all F&B outlets.
• Review daily and monthly revenue information received from Business Units and ensure completeness and accuracy.
• Reconcile POS sales, hotel PMS interfaces where applicable, credit-card settlements, online delivery platforms, cash collections, bank deposits and the general ledger.
• Investigate revenue variances, unusual transactions, refunds, voids, discounts and complimentary transactions.
• Ensure appropriate approval and documentation of financial adjustments.
• Monitor outlet-level financial performance and identify unusual trends or variances.
• Ensure financial responsibilities between TFG Restaurants and each hotel/Business Unit are clearly defined and properly accounted for.

3. Coordination with Hotel Finance Leaders

• Maintain a strong matrix working relationship with the Finance Leaders/Financial Controllers of all Business Units.
• Establish clear finance processes and responsibilities between TFG Restaurants and the respective hotel/Business Unit Finance teams.
• Coordinate the timely submission of financial information and standardize reporting requirements across all Business Units.
• Review and reconcile transactions recorded by Business Units relating to TFG Restaurants.
• Coordinate intercompany and inter-unit balances and resolve differences between TFG Restaurants and Business Unit records.
• Provide finance guidance to Hotel Finance Leaders on F&B accounting matters w