Service Leader, Financial Accountant - Finance Risk Control

Shangri-La Singapore; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Join a leading hotel as a Service Leader, Financial Accountant, where you'll oversee vital financial controls and audits. Your expertise will help maintain operational efficiency, drive cost reductions, and support various departments in ensuring financial integrity, all within a dynamic team environment.

Qualifications

• At least 3 years' experience in a finance/accounting role.
• Ability to communicate effectively with stakeholders.

Responsibilities

• Manage cost control and income audit functions for the hotel.
• Lead and mentor junior finance team members.
• Prepare monthly reports, analyze variances, and perform desk audits.

Skills

Leadership

Cost Control

Communication

Analytical Skills

Job description

At Shangri-La Singapore we are a heart-warming family. We share something powerful – our genuine care and respect for others. Our strength lies beyond our harmonious surroundings and hideaway locations. It lies in our core values that guide us to treat each and everyone with honour, as kin, as family. We strive to be the preferred employer by providing great benefits, tranquil and sincere working environment, work-life balance and effort recognitions.

Set in 15 acres of lush greenery just minutes from the vibrant Orchard Road shopping belt, the Shangri-La Hotel, Singapore is a tranquil, sophisticated urban retreat whether travelling for business or leisure. It features 792 luxurious guestrooms and suites across three distinct wings, which include unique family-themed rooms, supported by a host of dedicated family-focused amenities.

We are looking for a Service Leader, Financial Accountant - Finance Risk Control to join our team!

The Service Leader, Financial Accountant - Finance Shared Service Centre ("FSSC") is responsible for the cost control and / or income audit functions of the entities under his / her care. The incumbent should have a complete understanding of all hotel operations and finances and maintain a good working relationship with other departments in the hotel. He / She is also required to take the lead in resolving issues, provide mentorship and guidance to the junior members.

Key Areas

• Cost Control and Income Audit

• Good understanding of accounting principles and control risk areas

• Ability to explain flux well

• Co-ordination with various departments in the hotel, including external and HQ stakeholders as well

• Leadership and mentorship of the Finance Risk Control Department

Key Responsibilities

Cost Control and Income Audit

• Cost Control Reporting

  • Prepare monthly F&B Cost Report and analyses variances

  • Investigate irregularities in costing, including excessive costs and unexplained purchases and provide recommendations on cost reduction.

  • Assist in preparation of monthly menu engineering report, analyse high cost items and lower than usual profit margins

• Desk Audits

  • Ensure income sources in the hotels are accounted for, verification checks are key, including incentive claims, rebates and discounts granted, etc

  • Perform desk audit to pick up any suspicious activities at the operations and highlight to Manager – Finance Risk Control, and Hotel Finance Team

  • Trend analysis to be performed for income and cost, for example guest checks unusual activities, beverage sales analysis, food consumption analysis, etc, to identify unusual trends for risk mitigation

• Spot Checks

  • Perform physical spot checks at hotel premises on a periodic basis, including inventory and cash counts

• Daily Revenue Reporting

  • Reporting of revenue numbers on internal software on a daily basis to allow hotel management team up-to-date insight on business volume

• Reconciliation of figures, schedules

  • Perform Balance Sheet, Bank, Voucher, Credit Card Reconciliations, investigate variances with the different departments and correct entries

• Data / Software Set-Up

  • Assist in data set up (Infrasys, OPMS, SCM, etc)

Preparation of Annual Budget

• Assist with providing information and preparation of Annual Budget

Co-ordination

• Co-ordinate with internal and external auditors and stakeholders

  • Provide information and schedules to auditors

  • Co-ordinate with other departments to assist in audits

  • Ensure internal control checklists and requirements are adhered to

  • Assist to investigate non-compliance of requirements, standards and discrepancies

  • Follow up onrecommendations of auditors and implement accordingly

• Co-ordinate with other departments to smooth hotel operations

  • Communicate with other departments for solving operational problems

  • Review existing policies and procedures with other departments / hotels, with revisions or modifications raised if appropriate

Leadership

• Set and maintain service standards

  • Clearly describe standards

  • Constantly compare performance to standards

• Lead the team effectively, provides mentorship and guidance to junior employees

  • Upfront, hands on, visible leadership, provides feedback and reinforcement, effective listening and seeks out employees concerns and offers assistance

• Conducts performance appraisal

  • Complete appraisal forms for all section staff, identify training needs and schedules training

  • Conduct probation period reviews

• Identify and analyse problems and develops solutions

  • Record critical incidents

  • Share problems with team and discusses solutions

• Process Improvement

  • Continuously offer ideas/ implementation of initiatives to simplify and improve work process without sacrificing internal controls and safeguard of assets

Key Requirements

• At least 3 years' experience in a finance / accounting related role

• Able to work well and communicate with stakeholders