Management Accountant

RAFFLES; London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A hospitality leader in London is looking for a Management Accountant to enhance financial processes and operational efficiency across the hotel. The successful candidate will manage residential accounts, automate finance tasks, and ensure compliance with accounting standards. The ideal applicant should possess strong analytical skills and teams up closely with financial leaders, contributing to month-end closings and financial reporting.

Qualifications

• Proven experience in financial management, specifically in accounting roles.
• Strong analytical skills with attention to detail.
• Ability to work collaboratively within a team.

Responsibilities

• Reconcile balance sheet accounts, preparing financial accounts quarterly.
• Prepare month-end accruals and balance sheet reconciliations.
• Automate routine reporting tasks to improve efficiency.

Skills

Advanced Excel skills

Financial reporting

Cost control

Accounting standards knowledge

Education

Relevant degree in finance or accounting

Tools

DocuWare

Job description

The Management Accountant will play a key role in improving financial processes and operational efficiency across the hotel. Responsibilities include enhancing forecasting accuracy, supporting internal and external audits, developing labour and cost control standards, and automating finance tasks (e.g., income audit, AP/AR processes). They will work closely with the Financial Controller to help streamline the month end close and will take full responsibility of the Residential accounts including the quarterly VAT return.

Responsibilities

Operation – Residential Accounts

• Reconcile the intercompany balance sheet accounts between hotel and residential ledgers, and issue corresponding invoices to ensure accurate cost recovery by WHL from ownership.
• Prepare quarterly residential financial accounts, including posting of deferred income, expenses, and accruals in accordance with accounting standards.
• Collaborate with the Director of Residences to resolve queries and provide clarity on residential financial matters.
• Maintain an up-to-date log of all service charge demands issued, tracking outstanding balances and ensuring timely follow-up.
• Partner with ownership to prepare and submit group VAT returns, ensuring compliance with applicable tax regulations.

Operation – Month End

• Prepare and post month-end accruals in alignment with financial reporting timelines and accuracy standards.
• Conduct general ledger reviews and reclassify expenses in collaboration with the Financial Controller to ensure proper coding and financial integrity.
• Perform monthly balance sheet reconciliations, investigating and resolving discrepancies to maintain clean and accurate accounts.
• Prepare comprehensive month-end reporting packs for ownership and asset managers, ensuring clarity, accuracy, and timely delivery.

Operation – Automation Projects

• Collaborate with team members to automate routine reporting tasks such as the Income Audit reconciliations using advanced Excel skills, reducing manual workload and allowing greater focus on in-depth auditing and internal control analysis.
• Streamline the credit card reconciliation process through automation to improve efficiency, particularly given the high transaction volume across multiple F&B outlets.
• Work closely with the Finance Manager on the implementation of the DocuWare project to automate the Accounts Payable (AP) invoice matching process, enhancing operational efficiency.

Operation – Other

• Analyse stock variances across all departments, with a focus on beverage cost accuracy, to identify discrepancies and implement improved inventory control procedures.
• Collaborate with Heads of Department (HODs) to develop and implement labour standards for all operational areas, enabling more effective workforce planning, cost control, and minimization of agency reliance.
• Conduct regular reviews of FOCUS (internal control) guidelines and ensure consistent compliance by all hotel departments through training, monitoring, and follow-up.
• Support the professional development of Finance team members and provide coverage for key roles during periods of absence, such as holidays or leave.
• Additional responsibilities in absence of line manager or senior employee.
• Performs other duties as required or assigned including working in a different department or restaurant, than usually assigned.