Job description
- Mission: Oversee financial operations, budget management, and financial reporting.
- Location: Prestigious hotel in the heart of London's Mayfair district.
- Role: Hotel Accountant
We are seeking a dedicated Hotel Accountant to join our client's renowned establishment located in the luxurious Mayfair district of London. The ideal candidate will manage financial operations, including budgeting, forecasting, and financial reporting. Your role will be pivotal in ensuring the hotel's financial health and compliance with all regulatory requirements. This position offers a unique opportunity to contribute to the financial success of a leading hotel in one of the world's most vibrant cities.
Responsibilities
The Hotel Accountant is responsible for overseeing the hotel's financial operations to ensure financial health and compliance. This includes managing budgets, forecasting future financial needs, and preparing accurate financial reports. The role demands collaboration with various departments to streamline financial practices and support the hotel's overall success.
- Manage and oversee daily accounting operations, including accounts payable/receivable, general ledger, and bank reconciliations.
- Collaborate closely with the hotel's management team to develop and monitor the annual budget, identifying variances and implementing corrective actions as necessary.
- Prepare monthly financial statements and reports, highlighting trends and advising on potential financial implications for decision-making.
- Conduct weekly cash flow analysis to ensure adequate liquidity for operational needs, forecasting future cash requirements.
- Coordinate with the human resources department to oversee payroll processing, ensuring accuracy and compliance with tax laws.
- Implement and maintain internal controls to safeguard financial assets, regularly reviewing processes and systems for efficiency improvements.
- Liaise with external auditors during annual audits, providing all necessary documentation and explanations for financial transactions.
- Monitor compliance with local, state, and federal government reporting requirements and tax filings.
- Advise on financial analysis and cost-reduction opportunities, working closely with procurement and operations to optimize expenditures.
- Participate in strategic planning meetings, offering financial insights that align with the hotel's objectives and growth strategies.
- Develop and maintain strong relationships with department heads, providing financial guidance and support in departmental budgeting and expense management.
Requirements
To qualify for this hotel accountant position, candidates must possess a strong foundation in finance or accounting, backed by relevant certifications and experience in a similar role, preferably within the hospitality industry. An in-depth understanding of financial regulations and the ability to work collaboratively with different departments are crucial. The ideal candidate should demonstrate excellent analytical, organizational, and communication skills.
- Bachelor’s degree in Accounting, Finance, or a related field.
- Certified Public Accountant (CPA) or Chartered Accountant (CA) certification preferred.
- A minimum of 3 years of accounting experience, with at least 1 year in the hospitality industry or a related field.
- Proficiency in accounting software (e.g., QuickBooks, Sage 50 Accounting) and Microsoft Office Suite, especially Excel.
- Strong understanding of financial reporting standards and tax regulations applicable to the hospitality industry.
- Demonstrated ability to prepare detailed budgets, financial forecasts, and financial reports.
- Experience with cash flow management and conducting financial audits.
- Excellent analytical skills to interpret financial data and inform management decisions.
- Proven track record of implementing financial controls and improving financial processes.
- Ability to work effectively in a team environment and communicate financial information to non-financial managers.
- Detail-oriented with a high degree of accuracy and the ability to manage multiple tasks simultaneously.
- Familiarity with payroll processing and understanding of payroll-related legislation.
Work conditions
This hotel accountant position offers a dynamic work environment within the prestigious Mayfair district, providing an opportunity to be part of a leading luxury hotel's financial team. This role includes regular working hours with occasional requirements for extra hours during financial reporting periods. Employees will benefit from a comprehensive benefits package and the chance to grow professionally in the hospitality industry.
- Standard work hours are Monday to Friday, 9:00 AM to 5:00 PM, with the need for flexibility during month-end closures and audit periods.
- The position is based in a modern office within the hotel premises, equipped with state-of-the-art technology to support efficient workflow.
- Access to professional development programs, including workshops and seminars related to the hospitality industry and financial management.
- Comprehensive health insurance plan, including medical, dental, and vision coverage.
- Employee wellness program offering access to a fitness center and spa facilities within the hotel.
- Generous annual leave policy, starting at 25 days, plus public holidays.
- Participation in the hotel’s pension scheme, with employer contributions significantly above the statutory minimum.
- Employee discount program for dining, accommodation, and spa services within the hotel and its sister properties.
- Opportunity for international career advancement within the hotel chain.
- Regular team-building events and activities to foster a positive and collaborative workplace culture.
- Dedicated workspace in a luxury setting that reflects the high standards of the hospitality environment the accountant will be working in.
This job offer is introduced to you by Marina Schevchenko
This job offer is managed by Morgan Mallet International's agency London - UK
Address : 25 North Row, Mayfair, London W1K 6DJ, United Kingdom
Marina Schevchenko
Recruiter
Marina Shevchenko is a dedicated professional with a decade-long journey at Morgan & Mallet International, beginning part-time in 2014 and transitioning to full-time in 2015. Specialising in client and candidate relations, she excels in catering to individuals from the UK, US, and Eastern Europe. Fluent in English, Ukrainian, and Russian, Marina's multilingual skills facilitate seamless communication. Her role extends beyond borders, having managed Morgan & Mallet's offices in the UK and Ukraine. Marina's passion lies in understanding the distinct requirements of clients and candidates, ensuring perfect matches that align with their goals and personalities. She thrives on forging lasting connections and delivering exceptional service.
Morgan & Mallet Hospitality Staffing
This job offer is managed by Morgan Mallet International's agency London - UK
Address : 25 North Row, Mayfair, London W1K 6DJ, United Kingdom
Share this job offer
Permanent
Full Time
Reference
0001-LDM
City
London
Country
United Kingdom
Posted
December 4, 2023
Salary
4,700
GBP
