Financial Controller for prominent 4* Hotel Limerick

3 weeks ago

Limerick, Ireland Richard Lynch Consulting Limited Full time

Financial Controller - Prominent 4* Hotel Limerick

SCOPE & GENERAL PURPOSE OF JOB: The Hotel Financial Controller is responsible for overseeing the financial operations and strategy of the hotel. This role requires a deep understanding of financial management, accounting principles, and hospitality industry dynamics. The Financial Controller ensures the financial integrity of the hotel, provides accurate financial reporting, and supports the hotel’s financial planning and budgeting processes.

Key Responsibilities

  1. Financial Management & Reporting:
    · Oversee all financial operations including accounts payable, accounts receivable, payroll, and general ledger functions.
    · Prepare monthly, quarterly, and annual financial statements, including income statements, balance sheets, and cash flow statements.
    · Conduct financial analysis and generate reports to provide insights into the hotel’s financial performance.
    · Ensure compliance with revenue commissioner regulations and filing requirements.
  2. Budgeting & Forecasting:
    · Lead the annual budgeting process, working closely with department heads to establish financial goals and plans.
    · Develop and monitor forecasts, ensuring alignment with business objectives and market conditions.
    · Identify financial risks and opportunities and make recommendations to enhance profitability.
  3. Internal Controls & Compliance:
    · Implement and maintain effective internal controls to safeguard the hotel’s assets and ensure accuracy of financial data.
    · Conduct regular audits to ensure compliance with established financial policies and procedures.
    · Liaise with external auditors and manage the audit process.
  4. Cost Control & Efficiency:
    · Monitor and control operating expenses to maintain cost efficiency without compromising service quality.
    · Analyse cost structures and recommend cost-saving initiatives to improve the hotel’s bottom line.
  5. Team Leadership & Development:
    · Lead, mentor, and develop the finance team, promoting a culture of high performance and continuous improvement.
    · Provide training and support to hotel staff on financial policies, procedures, and systems.
  6. Strategic Planning & Business Support:
    · Partner with the General Manager and other senior leaders to drive the hotel’s strategic financial initiatives.
    · Provide financial input into new business opportunities, capital projects, and investments.
    · Support decision-making with data-driven financial insights and recommendations.
  7. Health and Safety:
    · Adhere to all health and safety regulations & statutory requirements.
    · Report any maintenance or safety issues to your manager immediately.
  8. Team Collaboration:
    · Work as the lead of the accounts team to ensure efficient and effective operations.
    · Communicate effectively with accounts staff and management.
    · Support colleagues during busy periods and provide assistance where needed.

Minimum Requirements:
Minimum 3 years experience as Financial Controller in busy 4/5* Hotel required.
Applicant need current status to live and work in Ireland without Restrictions.

Our Client is an equal opportunities employer.

To Apply: Forward up-to-date CV in MS Word Format to Richard Lynch at [insert contact details].

Skills:
Budgets and targets, Planning and strategy, Financial Controller, Qualified Accountant, Team Manager, Leadership, Hotel Financial Controller.

Benefits:
Clothing Allowance, Meal Allowance / Canteen, Paid Holidays, Parking.

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