Financial Controller

SUMMARY:
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POSITION INFO:

Dream Hotels is a dynamic and growing hospitality company seeking an experienced and detail-oriented Financial Controller to join our finance team. As a key member of the leadership team, the Financial Controller will play a crucial role in overseeing the financial health of the organization, ensuring compliance with financial regulations, and providing strategic financial guidance to support business objectives.

KEY RESPONSIBILITIES:
Financial Planning and Analysis:

Develop and manage the company's financial planning process, including budgeting, forecasting, and variance analysis.
Provide insightful financial analysis to support decision-making and identify areas for operational improvement.
Collaborate with department heads to align financial goals with overall business objectives.

Financial Reporting:

Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
Ensure compliance with relevant accounting standards and regulations.
Provide clear and concise financial reports to senior management and external stakeholders.

Internal Controls and Compliance:

Implement and maintain robust internal controls to safeguard company assets and ensure compliance with financial regulations.
Oversee the audit process and act as the main point of contact for external auditors.
Stay current on changes in accounting standards and regulations, and implement necessary updates.

Cash Flow Management:

Monitor and manage the company's cash flow, optimizing working capital and liquidity.
Develop and implement strategies to enhance cash management efficiency.

Team Leadership:

Lead and mentor the finance team, fostering a culture of collaboration, accountability, and continuous improvement.
Conduct regular performance reviews and provide professional development opportunities for team members.

Risk Management:

Identify and assess financial risks, proposing and implementing mitigation strategies.
Work closely with the executive team to evaluate potential business risks and provide financial insights.

Strategic Financial Planning:

Collaborate with the executive team to develop and execute strategic financial plans that align with the company's long-term goals.
Provide financial guidance on potential business initiatives, mergers, and acquisitions.

RESPONSIBILITIES.

AUDITS

• Liaise with auditors with regards to the required information and reconciliations.
• Communicate with auditors on deadlines.
• Communicate with internal team on audit progress and issues.

MANAGEMENT ACCOUNTS AND GROUP ACCOUNTS

• Review of cashbook, petty cash, and credit card statements.
• Trade debtors and trade creditors reconciliations.
• Other debtors and creditors reconciliations.
• Prepare and review depreciation journals for fixed asset register.
• Payroll reconciliations and journals.
• Monthly Cost of Sales Calculations.
• Monthly Stock journal preparation.
• Agreeing intercompany balances between various entities.
• Review of expense allocations.
• Review of property system balances to accounting system.
• Review of supporting information to property system.
• Recognition of necessary accruals.
• Management and reconciliation of loan accounts.
• Monthly standard and ad hoc journals.
• Management Account pack preparation – Includes Income Statement and Balance Sheet.

CASHFLOW AND BUDGETS

• Yearly Budget preparations.
• Preparing monthly Cashflow forecasts.

PAYMENTS

• Managing all creditor details in the banking system.
• Reviewing all payments and support loaded by financial clerk.

TAXATION

• Monthly VAT Reasonability and reconciliation preparation.
• Submission of monthly VAT Return.
• Preparation of Provisional Tax and Income Tax Calculation.

KNOWLEDGE REQUIRED

• Bachelor's degree in Finance, Accounting, or related field; CPA or CMA designation preferred.
• Proven experience as a Financial Controller or in a similar financial management role.
• In-depth knowledge of financial regulations, accounting principles, and financial reporting.
• Strong analytical and problem-solving skills.
• Excellent communication and leadership abilities.
• Proficient in financial management software and Microsoft Office Suite.

EXPERIENCE

• 3-5 years exp as Financial Accountant or Financial Controller
• Experience in Pastel Partner / Pastel Evolution is critical or similar accounting system
• Proficient in MS Office / Advanced Excel Skills
• Exp in Project accounts & management accounts
• Knowledge of Statutory returns and payment

BEHAVIORAL COMPETENCIES

Analytical Thinking: Evaluate financial data, identify trends, and interpret complex information for strategic decision-making.

Integrity and Ethics: Uphold high ethical standards, maintain confidentiality, and ensure compliance with financial regulations and company policies.

Strategic Vision: Align financial goals with organizational objectives, contribute to long-term financial planning, and provide strategic recommendations.

Communication and Collaboration: Effectively communicate complex financial information, collaborate with various stakeholders, and demonstrate strong interpersonal skills for successful interactions.

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