Financial Controller

Lone Pine, The Boutique Hotel by The Beach; George Town; On-site; MYR 100,000 - 150,000; Full time

Job summary

A prominent hospitality establishment in Penang is seeking a Finance Controller to oversee financial management operations. This key leadership role ensures financial integrity, compliance, and strategic support for the hotel. The ideal candidate has at least 7 years in financial roles, with specific experience in the hospitality sector. Responsibilities include managing financial reporting and budgeting, compliance, and team leadership. This opportunity offers a chance to impact hotel performance significantly and work in a collaborative environment.

Benefits

Growth-focused culture

Collaborative management team

Impacting hotel performance directly

Qualifications

• 7–10 years of finance and accounting experience.
• 3–5 years in a senior finance role within hospitality or hotel industry.
• Strong exposure to budgeting, audit, and statutory compliance.

Responsibilities

• Oversee the full set of accounts including GL, AP, and AR.
• Lead annual budget preparation and rolling forecasts.
• Ensure compliance with statutory requirements and liaise with auditors.

Skills

Leadership

Stakeholder management

Financial reporting

Attention to detail

Analytical skills

Education

Degree in Accounting or Finance

Professional qualifications (ACCA, CPA, CIMA)

Tools

Hotel accounting systems

Excel

Job description

Position: Finance Controller

Industry: Hospitality / Hotel

Location: Batu Ferringhi, Penang

Employment Type: Full-Time

Role Overview

The Finance Controller is a key leadership role responsible for overseeing the full spectrum of financial management for the hotel. This position ensures financial integrity, regulatory compliance, strong internal controls, and provides strategic financial insights to support operational and business decisions. The role works closely with the General Manager, department heads, owners, auditors, and corporate stakeholders.

Key Responsibilities

Financial Management & Reporting

• Oversee the full set of accounts including GL, AP, AR, bank reconciliations, accruals, and prepayments
• Prepare and review monthly, quarterly, and annual financial statements (P&L, Balance Sheet, Cash Flow)
• Ensure timely month-end and year-end closing in accordance with accounting standards
• Analyze financial performance, variances, and trends; provide actionable insights to management

Budgeting, Forecasting & Cost Control

• Lead annual budget preparation and rolling forecasts
• Monitor departmental budgets and control operating costs
• Partner with HODs to improve cost efficiency and financial discipline
• Track CAPEX planning, approval, and fixed asset management

Compliance, Audit & Governance

• Ensure compliance with statutory requirements (SST, income tax, EPF, SOCSO, EIS, withholding tax where applicable)
• Liaise with external auditors, tax agents, bankers, and regulators
• Maintain strong internal controls, SOPs, and audit-ready documentation
• Ensure adherence to company policies, hotel brand standards, and owner requirements

Cash Flow & Treasury

• Manage cash flow planning, cash controls, and banking relationships
• Oversee credit control, AR ageing, and collections
• Review payment cycles and vendor management

Hospitality-Specific Finance Operations

• Oversee daily revenue reporting, night audit reviews, and revenue integrity
• Work closely with Revenue, Front Office, F&B, Procurement, and Operations teams
• Monitor payroll costs, productivity ratios, and labor cost percentages
• Support pricing, promotions, and revenue optimization initiatives

Leadership & Team Management

• Lead, coach, and develop the finance and accounts team
• Set clear KPIs and performance expectations
• Drive process improvements, automation, and system efficiency

Requirements & Qualifications

Education & Professional Background

• Degree in Accounting, Finance, or a related field
• Professional qualifications such as ACCA, CPA, CIMA, or equivalent are highly preferred

Experience

• Minimum 7–10 years of finance and accounting experience
• At least 3–5 years in a senior finance role within the hospitality or hotel industry
• Strong exposure to full set of accounts, budgeting, audit, and statutory compliance

Technical & System Skills

• Strong knowledge of financial reporting standards and hotel accounting practices
• Experience with hotel PMS, POS, and accounting systems
• Advanced proficiency in Excel and financial analysis tools

Competencies

• Strong leadership and stakeholder management skills
• High level of integrity, accuracy, and attention to detail
• Strategic mindset with hands‑on operational capability
• Ability to work under pressure and meet tight reporting deadlines

Why Join Us

• Key leadership role with direct impact on hotel performance
• Opportunity to work in a reputable hospitality environment
• Collaborative management team and growth‑focused culture

Interested candidates are invited to share their resume at:

📧 [e-mail]

Only shortlisted candidates will be contacted.