Finance Manager, The Savoy Hotel

Accor Hotels; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

Join a prestigious hotel as a Finance Manager, where your expertise will guide the finance team in delivering exceptional service. You'll oversee crucial financial operations, ensuring compliance with policies while fostering a collaborative environment. This role offers a unique opportunity to develop your career in luxury hospitality, working closely with top executives to drive business success. With a commitment to employee growth and well-being, this iconic establishment provides a competitive salary, generous benefits, and a supportive workplace culture that values innovation and excellence.

Benefits

Competitive salary

Pension and life assurance

31–33 days of holiday

Cashback for wellbeing/healthcare expenses

Exclusive hotel discounts

Free stay at The Savoy after probation

Gym access

Cycle-to-work scheme

Employee assistance program

Local discounts for F&B and retail

Qualifications

• Strong leadership skills and ability to manage a finance team.
• Knowledge of accounting practices and compliance.

Responsibilities

• Manage day-to-day operations of the Finance Department.
• Supervise accounts payable, receivable, payroll, and income audit.

Skills

Leadership

Accounting Practices

Communication Skills

Team Management

Education

Accounting Qualification

Job description

Company Description

The Savoy, a Fairmont Managed Hotel, is one of the world's most iconic hotels. A renowned leaders in the hospitality industry, The Savoy has a reputation for outstanding service and excellence. Originally built in 1889, the hotel has a rich history and has played host to royalty, world leaders and legends of the stage and screen. Today, colleagues pride themselves on being innovative and inspirational, delivering the very best in five star luxury. Passionate about developing and promoting talent, The Savoy offers unwavering support and recognition to colleagues, as well as having a very competitive benefits plan.

Job Description

Job Title: Finance Manager

Department: Finance

Inspired and Supported by: Finance Controller

Your purpose will be: As a Finance Manager, reporting to the Finance Controller, and taking charge of the day-to-day operations of the Finance Department.

You will be accountable for:

• Managing the finance team, providing leadership and direction.

• Working closely with the Purchasing team to ensure all standards are followed.

• Supervising the accounts payable, receivable, payroll, and income audit functions.

• Ensuring the monthly payroll is carried out with a high level of accuracy and in line with company policies and SOPs.

• Handling the annual submission of the hotel's PAYE Settlement Agreement.

• Ensuring all Finance Operations comply with Internal Audit policies.

• Ensuring all Finance Operations comply with applicable legislation and external audit requirements.

• Preparing and posting journal entries, ensuring efficient completion, and managing the month-end process.

• Overseeing the cash flow process.

• Ensuring financial records are maintained in compliance with accepted policies and procedures.

• Monitoring and controlling procedures.

• Participating in the recruitment and training of new colleagues.

• Reviewing and completing monthly P&L reports, conducting monthly Balance Sheet reviews, and reporting to key stakeholders.

• Submitting quarterly/monthly VAT returns within the deadlines set by HMRC.

• Partnering with operational and support departments.

• Ensuring a strong control environment within the hotel.

• Reviewing and authorizing POs and expenses as required by company policy.

• Reviewing and authorizing all refunds and allowances.

• Reviewing and approving banking transactions within approved authorization limits.

• Assisting in financial audit preparation in conjunction with the group reporting manager.

Qualifications

What you will need to do in this role?

• Accounting qualification – preferred not required

• Have a great attitude with a willingness to learn and make your mark.

• Enjoy managing a team and developing those around you.

• Be ambitious and eager to develop your career in luxury hospitality.

• Work closely with the Director of Finance & Business Support and the Executive team to drive the success of the business.

• Be a finance expert, preferably a qualified accountant with up-to-date knowledge and practice in all accounting practices.

• Possess excellent communication skills.

Please note that we believe in flexibility and multi-skilling, and you may be asked to do different tasks from time to time to enable us to meet the needs of our guests and colleagues.

Additional Information

What’s in it for you?

• Competitive salary, pension, and life assurance
• 31–33 days of holiday (including public holidays)
• Cashback for wellbeing/healthcare expenses & Perkbox
• Exclusive discounts:
  • Savoy, Fairmont, Raffles, and Accor hotels (friends & family rates included)
  • 50% off at American & Beaufort Bars, Afternoon Tea, spa, florist, and select Gordon Ramsay restaurants
  • 20% off at other Gordon Ramsay restaurants and Restaurant 1890
• Free stay at The Savoy after probation
• Colleague restaurant, interfaith prayer room and wellness room
• Laundry services for all colleagues
• Gym access, cycle-to-work scheme and Virgin Active membership discount
• Season ticket loan for commuting
• Employee assistance program
• English classes, optician reimbursements, and local discounts for F&B and retail