Hotels Cost Accountant

Athenaeum Hotel and Residences; London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading hotel group based in London is seeking a Financial Analyst to manage and analyze costs, aiding hotels in making informed financial decisions. The ideal candidate will have at least five years of experience, advanced Excel skills, and knowledge of hospitality financial analysis. This role offers exceptional learning opportunities and a range of benefits including free hotel breaks and subsidised courses.

Benefits

Free Hotel Breaks

Enhanced Maternity and Paternity Leave

Learning and Development opportunities

Confidential support services

Qualifications

• At least five years’ experience in a finance-related role.
• Experience in analysis projects and presenting insights.
• Understanding of hospitality financial analysis and statistics.

Responsibilities

• Manage and analyze costs for informed financial decisions.
• Provide accurate cost data for financial reporting.
• Support management decisions with cost insights.

Skills

Advanced Excel skills

Proficient in Microsoft Office

Excellent communication

Organizational skills

Attention to detail

Education

Qualified accountant (ACA, ACCA, CIMA or similar)

Tools

NetSuite

PowerPoint

Job description

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Our People

We are on our journey to becoming the local employer of choice, through living our values: Care, Discreetness, and Community. Our vision is to restore, renew, and revive our guests, our teams, and our local communities. Our purpose is to be people-centered, excel in outstanding locations, and deliver exceptional service.

The Sutton Hotel Collection is a family-owned group, and our people are our family. We recognize how much our people invest in us, and in return, we offer exceptional learning opportunities and top-tier benefits.

Benefits include:

• Free Hotel Breaks: Two free stays of one or two days in any Sutton Hotel Collection hotel per year.
• Leisure Passes: £150 contribution towards a leisure or National Trust membership.
• Enhanced Maternity and Paternity Leave: 26 weeks at 90% pay for expectant mothers, 4 weeks at 90% for fathers.
• Institute of Hospitality: Membership paid for, providing learning, coaching, and mentoring opportunities.
• Learning and Development: Wide range of training options for personal growth.
• Health Assured: Confidential support services including CBT therapy and advice.
• Subsidised Learning Courses: Financial support for courses of your choice.

Additional benefits include free nutritious meals on duty, bespoke uniforms for front-facing staff, social events, celebrations, and a cycle-to-work scheme.

Job Purpose:

To manage and analyze costs, aiding our hotels in making informed financial decisions, improving efficiency and profitability, and ensuring compliance with accounting standards.

Key Responsibilities:

• Cost analysis of business operations.
• Collaborating on budgets and forecasts based on cost insights.
• Investigating variances between planned and actual costs.
• Identifying opportunities for cost reduction and process improvements.
• Providing accurate cost data for financial reporting.
• Developing strategies for cost control and profitability maximization.
• Ensuring compliance with accounting standards and regulations.
• Supporting management decisions with cost insights.
• Utilizing segment analysis and analytics software such as PMS.

Other Responsibilities:

• Reconcile trade payable aging.
• Post payroll journals into PAYE, PSA, and pension systems.
• Participate in P&L reviews with hotel teams and GMs.
• Finalize cost forecasts with GMs and the cluster team.
• Review invoice accuracy from procurement into NetSuite.
• Own the procure-to-pay process.

Skills and Qualifications:

• Proficient in Microsoft Office, especially Word, Excel, and PowerPoint.
• Advanced Excel skills and experience building complex reports.
• Qualified accountant (ACA, ACCA, CIMA, or similar) or studying towards, with at least five years’ experience.
• Experience in analysis projects and presenting insights.
• Knowledge of reporting tools like Netsuite or Fairmas.
• Attention to detail and ownership of output accuracy.
• Ability to meet tight deadlines and prioritize.
• Excellent communication and organizational skills.
• Understanding of hospitality financial analysis and statistics.
• Hospitality industry experience is beneficial.
• Experience with controls and governance such as P2P, R2R, and O2C processes.

At the Sutton Hotel Collection, we are an inclusive, ethical, and diverse group that celebrates human relationships. We empower our people to make a positive impact.