Assistant Financial Controller

Belmond Management; Cape Town; On-site; ZAR 350 000 - 500 000; Full time

Job summary

A leading luxury hotel brand in Cape Town is seeking an Assistant Financial Controller. This role encompasses key financial responsibilities including overseeing accounting processes, managing a team, and ensuring compliance with financial regulations. The ideal candidate will have at least 4 years of relevant experience, a degree in accounting, and strong leadership skills. A competitive salary and a supportive work culture focused on personal and professional development are part of the offering.

Benefits

Competitive basic salary

Loyalty and recognition rewards programs

Employee Assistance & Wellness programs

Qualifications

• Minimum 4 years' experience assisting a financial controller or similar role.
• Practical knowledge of general hotel operations.
• Experience managing a team.

Responsibilities

• Manage cost control and oversee purchasing function.
• Assist in preparing balance sheets and financial statements.
• Ensure adherence to accounting procedures and standards.
• Review daily management and revenue reports.
• Supervise associates for optimal productivity.

Skills

Leadership

Communication

Multitasking

General accounting knowledge

VAT knowledge

Income tax knowledge

Education

Degree or diploma in accounting

Job description

Location: Cape Town, South Africa

Department: Corporate Office & Business Support

Experience: Mid-Senior level

As the Assistant Financial Controller at Mount Nelson, you will be a key leader responsible for keeping the accounting and financial processes of the company up to standard and ensuring accurate financial reporting and control. If you’re looking to develop your skills and be part of the future of luxury, this is your moment!

Primary Responsibilities Include:

• Assume the duties of the Cost Control function and oversee the purchasing team to ensure the efficient operation of the Purchasing Department.
• Assist the Financial Controller in preparation of the balance sheet and the profit & loss statements for the hotel as well as preparation of the group’s annual financial statements within the required deadlines per GAAP/IFRS.
• To ensure the adherence of external and internal standard accounting procedures in all the accounting operations.
• Reviewing of daily revenue interfacing.
• Assist with month end entries (in conjunction with the Financial Controller).
• Periodic Debtor’s Ledger scrutiny to ensure smooth monthly closing of accounts.
• Ensure the debtors aging is at desirable levels at all times.
• Reviewing of entries processed to accounts on a detailed level.
• Review of daily management report and supervise on controls where necessary.
• Manage and lead associates to ensure maximum productivity.
• Monitoring of staff time sheets and submission thereof to Human Resources on a daily and monthly basis.
• Hold monthly meetings and review status of paymasters with other departments to ensure aging of debt stays low.
• Manage the fixed asset register including monthly depreciation entries as well as processing all additions and disposals on a monthly basis.
• Assist with monthly results explanations as well as providing of information.
• Assisting with external and internal audit queries.
• Assist the Financial Controller in ensuring all financial activities, maintenance of accounts, compliance with statutory requirements & the management of cash flow.
• Assist the Financial Controller in budgetary control to ensure desired financial performance with emphasis on profit maximization through revenue enhancement and strict expenditure controls.
• Compile detailed balance sheet reconciliations.
• Preparation of the monthly VAT201 form as well as the monitoring of the VAT payable balance.
• Maintain records, registers and documents in order to facilitate internal and external audit.
• Liaise with banks, financial institutions and other government authorities on various financial matters as well as liaising with offsite ERP service providers on system maintenance.
• Importation of payroll detail into ERP system as well as monitoring that all payroll related balance sheet accounts clear out.
• Managing of deferred expenses as well as provisions and accruals.
• Stay informed with regards to the latest amendments in commercial laws, tax structures, accounts reporting and other developments in the financial world.
• Facilitate audit requirements.

Requirements

What You Bring:

• A minimum a 4 years’ experience working as an assistant to the financial controller or in a similar role.
• A degree or diploma in accounting from a recognized tertiary educational institution.
• Practical knowledge of general hotel operations and a good knowledge base of accounting.
• Experience in managing a team.
• An ability to communicate with all levels of staff and service providers.
• VAT knowledge advantageous.
• Ability to work under pressure, multitask and prioritize.
• Hospitality experience advantageous, preferably in a 5-star environment.
• Income tax knowledge advantageous

Benefits

What We Offer:

At Mount Nelson, we pride ourselves on fostering a culture built on kindness, active listening, and genuine connections with our colleagues and guests. We offer a comprehensive range of compensation, perks and benefits including:

• Competitive basic salary
• Loyalty and recognition rewards programs
• Employee Assistance & Wellness programs

We strive to create an environment where our employees can thrive both personally and professionally. With a commitment to your ongoing development, you'll have the opportunity to learn and grow alongside some of the most talented individuals in the industry.