Financial Management:

• Oversee all financial operations within the hospitality business.

• Develop and manage budgets, forecasts, and financial plans.

• Monitor cash flow and ensure sufficient liquidity for operations.

Financial Reporting:

• Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.

• Generate regular financial reports for senior management and stakeholders.

• Ensure compliance with regulatory reporting requirements.

Cost Control and Analysis:

• Implement and monitor internal controls to safeguard company assets.

• Analyze financial data to identify trends, variances, and opportunities for cost savings.

• Conduct financial analysis to support decision-making processes.

Audit and Compliance:

• Coordinate internal and external audits.

• Ensure compliance with local, state, and federal regulations.

• Maintain and update financial policies and procedures.

Revenue Management:

• Oversee pricing strategies and revenue management practices.

• Work closely with sales and marketing teams to optimize revenue.

• Analyze occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR).

Payroll and Taxation:

• Manage payroll processes and ensure accurate and timely payment of staff.

• Oversee tax planning and compliance, including preparation of tax returns.

• Ensure compliance with employment laws and regulations.

Vendor and Contract Management:

• Manage relationships with vendors, suppliers, and contractors.

• Negotiate contracts and monitor performance to ensure cost-effectiveness.

• Oversee accounts payable and receivable processes.

Strategic Planning:

• Participate in strategic planning and business development initiatives.

• Provide financial insights and recommendations to support growth and expansion.

• Develop financial models and forecasts to guide long-term planning.

Team Leadership and Development:

• Lead and manage the finance team, including hiring, training, and performance evaluation.

• Foster a culture of continuous improvement and professional development.

• Ensure effective communication and collaboration within the finance department and with other departments.

Technology and Systems Management:

• Oversee the implementation and maintenance of financial systems and software.

• Ensure data integrity and security within financial systems.

• Stay updated on technological advancements and recommend system improvements.