Senior Finance Executive (Hotel Industry)

Oakwood Hotel & Residence Kuala Lumpur; Kuala Lumpur; On-site; MYR 89,000 - 134,000; Full time

Job summary

Oakwood Hotel & Residence Kuala Lumpur is seeking a Senior Finance Executive to oversee daily accounting operations, monthly closing, e-Invoicing compliance, financial reporting, tax submissions and F&B inventory control. You will ensure accurate records, statutory compliance, and support management in planning and decision-making.

The role covers Financial Reporting, GL maintenance, F&B cost control, annual statements, and audits, with emphasis on accuracy, internal controls, and collaboration

Qualifications

• Bachelor's Degree in Accounting, Finance, or related field.
• Professional qualification (Hotel Management or equivalent) is an advantage.
• Minimum 3–5 years of finance and accounting experience, preferably in hotel/hospitality.
• Hands-on experience with e-Invoice implementation and compliance.
• Month-end and year-end financial closing experience.
• F&B inventory and cost control experience.
• Knowledge of hotel accounting systems (RMS, Oracle, Q3 Finance & Inventory, Material Control).

Responsibilities

• Prepare monthly management accounts and financial reports.
• Perform month-end and year-end closing activities (journal entries, accruals, prepayments, reconciliations).
• Analyze financial performance and explain variances against budget/forecast.
• Assist in preparing budgets and forecasts.
• Manage e-Invoice submissions and compliance with LHDN requirements.
• Ensure accurate validation and reporting of sales and purchase transactions.
• Monitor e-Invoice system integration and resolve discrepancies.
• Maintain general ledger and balance sheet reconciliations.
• Review accounts payable/receivable and bank reconciliations.
• Coordinate with Purchasing, Cost Control and F&B to improve inventory/cost control.
• Assist in preparing annual audited financial statements and liaise with auditors.
• Assist in corporate tax computations and SST/WHT compliance.
• Support internal/external audit processes and strengthen controls.

Skills

Financial analysis

Month-end closing

Excel proficiency

Communication skills

Problem-solving

Education

Bachelor's degree in Accounting/Finance

Hotel Management qualification (advantage)

Tools

RMS System

Oracle

Q3 Finance & Inventory

Material Control

Job description

The Senior Finance Executive is responsible for overseeing daily accounting operations, monthly financial closing, e-Invoicing compliance, financial reporting, tax submissions, and inventory control for Food & Beverage operations. The role ensures accurate financial records, compliance with statutory requirements, and supports management in financial planning and decision-making.

Key Responsibilities

Financial Reporting & Month-End Closing

Prepare and support monthly management accounts and financial reports.

Perform month-end and year-end closing activities, including journal entries, accruals, prepayments, and reconciliations.

Analyze financial performance and explain variances against budget and forecast.

Assist in preparing annual budgets and financial forecasts.

Manage e-Invoice submissions and compliance in accordance with LHDN requirements.

Ensure accurate validation and reporting of sales and purchase transactions.

Monitor e-Invoice system integration and resolve discrepancies.

Accounts & General Ledger

Maintain accurate general ledger records and balance sheet reconciliations.

Review accounts payable, accounts receivable, and bank reconciliations.

Ensure compliance with accounting standards, company policies, and internal controls.

F&B Inventory Management

Monitor and reconcile food and beverage inventory records.

Review stock movements, consumption reports, and cost variances.

Conduct monthly inventory counts and investigate discrepancies.

Work closely with Purchasing, Cost Control, and F&B departments to improve inventory accuracy and cost management.

Annual Financial Statements & Audit

Assist in the preparation of annual audited financial statements.

Coordinate with external auditors and provide supporting schedules and documentation.

Ensure timely completion of audit requirements and statutory reporting.

Taxation

Assist in prepare and coordinate corporate tax computations and tax return submissions.

Handle SST/WHT/MyTTx (where applicable) compliance and reporting.

Liaise with tax agents and relevant authorities on tax-related matters.

Ensure timely submission of all statutory returns.

Internal Controls & Compliance

Ensure adherence to company policies, SOPs, and financial controls.

Support internal and external audit processes.

Identify process improvements and strengthen control procedures.

Requirements

Bachelor's Degree in Accounting, Finance, or related field.

Professional qualification (Hotel Management or equivalent) is an advantage.

Minimum 3-5 years of finance and accounting experience, preferably in the hotel or hospitality industry.

Hands-on experience with:

e-Invoice implementation and compliance

Month-end and year-end financial closing

F&B inventory and cost control

Corporate tax and statutory compliance

Knowledge of hotel accounting systems (e.g., RMS System, Oracle, Q3 Finance and Inventory, Material Control).

Strong analytical, communication, and problem-solving skills.

Proficient in Microsoft Excel and financial reporting tools.

Other ad-hoc duties assigned by superior.