Group Financial Controller (Hospitality Sector)

Duties & Responsibilities:

• Manage the day-to-day operations of the Finance Department.
  
• Prepare and review monthly financial statements, management accounts, and reports.
  
• Ensure financial information is accurate, complete, and submitted on time.
  
• Analyze financial results, variances, and overall hotel performance.
  
• Maintain accurate accounting records and ensure balance sheet reconciliations are completed.
  

Budgeting & Forecasting

• Lead the annual budgeting process.
  
• Prepare monthly and annual forecasts with the General Manager and department heads.
  
• Monitor performance against budgets and forecasts.
  
• Investigate variances and recommend corrective action.
  
• Provide financial guidance to management to support profitability and cost control.
  

Hotel Operations & Revenue Control

• Oversee financial controls for rooms, food and beverages, events, and other revenue.
  
• Review daily revenue reports and ensure revenues are accurately recorded and reconciled.
  
• Monitor key hotel performance indicators such as occupancy, ADR, and RevPAR.
  
• Ensure proper controls over cash, credit cards, refunds, discounts, and other transactions.
  
• Monitor food and beverage costs, inventory, wastage, and margins.
  
• Review purchasing, receiving, and supplier procedures.
  

Accounts Receivable & Payable

• Oversee accounts receivable and payable activities.
  
• Monitor outstanding balances, credit accounts, and overdue payments.
  
• Ensure invoices are properly approved, recorded, and paid on time.
  
• Maintain accurate supplier and creditor reconciliations.
  
• Ensure proper controls over purchasing and payment processes.
  

Cash & Banking

• Oversee cash handling, banking, and daily deposits.
  
• Review bank reconciliations and resolve discrepancies.
  
• Monitor cash flow and working capital.
  
• Maintain controls over petty cash and operational cash.
  

Internal Controls & Risk Management

• Develop and maintain financial policies, procedures, and internal controls.
  
• Safeguard the hotel's financial and physical assets.
  
• Identify financial risks and control weaknesses and recommend improvements.
  
• Investigate discrepancies and irregularities.
  
• Ensure compliance with company policies and applicable Barbados legislation.
  

Payroll Support

• Oversee payroll accounting and ensure payroll information is accurate and authorized.
  
• Review payroll reports and statutory deductions.
  
• Ensure payroll-related obligations are paid and reported on time.
  

Tax, Audit & Compliance

• Coordinate external audits and provide required information and documentation.
  
• Ensure timely preparation of tax and statutory returns.
  
• Maintain records for tax and regulatory compliance.
  
• Liaise with auditors, tax advisors, financial institutions, and regulatory agencies.
  
• Stay updated on relevant accounting, tax, and regulatory requirements.
  

Team Management

• Ensure appropriate staffing, workflow, and productivity within the Finance Department.
  
• Provide guidance and support to Finance team members.
  

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline.
  
• Professional accounting qualifications such as ACCA, CPA, CIMA, or equivalent is strongly preferred.
  
• Minimum of 5 years' progressive accounting/finance experience, with significant experience in the hotel or hospitality industry.
  
• Previous experience as a Financial Controller, Assistant Financial Controller, Finance Manager, or equivalent senior finance position.
  
• Strong knowledge of hotel accounting, financial reporting, budgeting, forecasting, and internal controls.
  
• Experience managing and developing a finance team.
  
• Strong working knowledge of Microsoft Excel and accounting/ERP systems.
  
• Experience with hotel property management and point-of-sale systems is an advantage.
  
• Knowledge of Barbados tax, statutory, and regulatory requirements would be an asset.