Assistant Manager – Hospitality Finance & Operations
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Key skills for this role
About the Role
Monitor hotel financial performance, conduct audits, ensure compliance, manage budgets, and analyze KPIs; requires Chartered Accountant and strong analytical skills.
Key Skills for This Role
Full Job Posting
Financial Monitoring & Reporting
- Monitor hotel-wise
Occupancy, ADR, Turnover
- , and out-of-order rooms.
- Prepare and review monthly profitability reports for hotels and clusters; compare actuals against budgets and analyse expense trends.
- Maintain Moving Annual Total (MAT) of key hotel KPIs.
- Review financial statements, especially balance sheets, and highlight abnormal transactions or long outstanding balances.
- Ensure financial data is accurately generated from ERP systems (Ledger & Trial Balance).
Audit & Compliance
- Conduct audits of affiliated payments with supporting documentation and raise observations where necessary.
- Ensure compliance with Hotel Management Agreements (HMA), financial authority matrix, and local regulations.
- Perform transactional audits of supplier payments and verify approvals and supporting evidence.
- Ensure separate bank accounts are maintained for revenue, expenses, and FF&E reserves.
- Verify timely FF&E reserve contributions and approved utilization.
Banking & Reconciliation
- Review monthly bank reconciliations and investigate long-outstanding differences.
- Ensure timely transfer of owner returns to designated bank accounts.
- Validate accuracy between ERP records, bank statements, and operator books.
Budgeting & Forecasting
- Review annual budgets (revenue, manpower, capex) submitted by operators / Third Party Operators and assess reasonableness.
- Analyse variances against budget and provide actionable insights.
- Review forecasts in case of unforeseen situations and validate assumptions.
- Ensure owner approval for out-of-budget capex.
Operational & Commercial Oversight
- Evaluate major agreements and contracts for commercial viability and compliance.
- Monitor rental collections from retail tenants.
- Assess credit facilities extended to tour operators/guests and ensure proper approvals.
- Ensure lease agreements align with market standards.
- Analyse option of Hotel Management Agreement versus Franchise Agreements.
- Review Third Party Operators financial offers for selection.
Revenue & Sales Audit
- Review daily revenue controls and ensure accurate recording in systems.
- Reconcile room revenue with front office reports.
- Verify cash, credit card transactions, and tour operator billing accuracy.
- Ensure adherence to booking terms, contracts, and timely collection of receivables.
Sales & Marketing Oversight
- Review proposals with cost-benefit analysis.
- Ensure prior approvals and post-event evaluations for marketing spend.
Performance Review & Benchmarking
- Organize monthly performance review meetings with hotel operators and Third Party Operators.
- Analyse STR reports and benchmark hotel performance against competitors.
- Review guest feedback (including online platforms) and identify improvement areas.
Problem-Solving & Analytical Responsibilities
- Identify and resolve variances in financial and operational KPIs.
- Investigate abnormal financial movements and drive corrective actions.
- Address compliance gaps and recommend stronger internal controls.
- Resolve discrepancies across financial systems and reports.
- Evaluate credit risks and ensure recovery of outstanding dues.<
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