Cluster Financial Controller

M Social Pte Ltd; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading hotel group in Singapore is seeking a Cluster Hotel Financial Controller to manage financial operations, ensure compliance with regulations, and support the General Manager with financial insights. The ideal candidate will have a Bachelor's degree in Accounting or Finance and at least 8 years of experience in financial management. Strong leadership, analytical skills, and knowledge of USALI are essential. This role offers an opportunity to drive profitability and implement best practices in a dynamic hotel environment.

Qualifications

• At least 8 years' relevant working experience in a similar capacity.
• In-depth knowledge of USALI and Accounting Standards.
• Proficiency in financial software systems.

Responsibilities

• Prepare and analyze timely financial statements.
• Lead the annual budgeting process.
• Implement cost control procedures across hotel departments.
• Manage daily cash flow and banking relationships.
• Develop internal controls and ensure compliance.

Skills

Financial reporting

Budgeting

Cost control

Analytical skills

Leadership

Education

Bachelor's degree in Accounting, Finance, or a related field

Tools

SAP

Oracle

QuickBooks

PMS

POS

Job description

Job Summary:

The Cluster Hotel Financial Controller is responsible for the overall financial management of the hotel, ensuring the accuracy and integrity of financial information, adherence to company policies and procedures, and compliance with all relevant statutory regulations. This role involves overseeing all accounting functions, managing financial reporting, budgeting, forecasting, and implementing robust internal controls. The Cluster Hotel Financial Controller acts as a strategic business partner to the Cluster General Manager, providing insightful financial analysis to support operational decision-making and drive profitability.

Key Responsibilities:

• Financial Reporting & Analysis:

  • Prepare and analyze timely and accurate financial statements (P&L, Balance Sheet, Cash Flow) in accordance with USALI (Uniform System of Accounts for the Lodging Industry) and local accounting standards.

  • Generate various financial reports, including departmental performance reports, variance analysis, and key performance indicator (KPI) dashboards.

  • Provide insightful financial analysis to the General Manager and department heads, highlighting trends, risks, and opportunities.

  • Present financial results and forecasts to management and ownership as required.

• Budgeting & Forecasting:

  • Lead the annual budgeting process, collaborating with department heads to develop comprehensive and realistic budgets.

  • Prepare regular financial forecasts (monthly, quarterly, annually) to project future performance.

  • Monitor actual performance against budget and forecast, identifying significant variances and recommending corrective actions.

• Cost Control & Revenue Management Support:

  • Implement and maintain strong cost control procedures across all hotel departments.

  • Monitor expenses, identify areas for cost reduction, and negotiate with suppliers to optimize procurement.

  • Provide financial support and analysis to the revenue management team to optimize pricing strategies and maximize revenue.

• Treasury & Cash Management:

  • Manage daily cash flow, ensuring adequate liquidity for operational needs.

  • Oversee bank reconciliations and manage banking relationships.

  • Monitor accounts receivable and payable, ensuring timely collections and payments.

• Internal Controls & Compliance:

  • Develop, implement, and maintain a robust system of internal controls to safeguard hotel assets and ensure the accuracy of financial data.

  • Ensure compliance with tax regulations, labour laws, and hospitality industry standards.

  • Coordinate and facilitate internal and external audits, ensuring timely completion and resolution of audit findings.

  • Maintain up-to-date knowledge of accounting principles, tax laws, and industry best practices.

• Team Leadership & Development:

  • Recruit, train, mentor, and supervise the finance team (e.g., Accounts Payable, Accounts Receivable, General Cashier).

  • Foster a culture of integrity, accuracy, efficiency, and continuous improvement within the finance department.

  • Conduct performance reviews and provide constructive feedback to direct reports.

• System Management:

  • Oversee the effective utilization of financial software systems (e.g., PMS, POS, accounting software).

  • Identify opportunities for system enhancements and automation to improve efficiency.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related field.

• At least 8 years' relevant working experience in a similar capacity.

• In-depth knowledge of USALI (Uniform System of Accounts for the Lodging Industry) and Accounting Standards is essential.

• Proficiency in financial software systems, including Property Management Systems (PMS), Point-of-Sale (POS) systems, and accounting software (e.g., SAP, Oracle, QuickBooks).

• Advanced Excel skills and strong analytical abilities.

• Excellent communication, interpersonal, and presentation skills.

• Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.

• Strong leadership and team management skills.

• High level of integrity, accuracy, and attention to detail.