Posted
Ref: SP196-15

Job description / Role

Employment: Full Time

Specific Duties and Responsibilities:

• To set up and maintain a system of internal controls which will provide the most effective control of the assets and revenue of the hotel.
• To maintain all accounting records of the hotel in the manner prescribed by the Hotel Management. Similarly, all reports and financial statements must be prepared on a timely basis in accordance with instructions prescribed by the Management.
• To ensure that all laws and fiscal regulations of the country of location (which affect the financial matters of the hotel) are complied with. This includes the responsibility for seeing that proper permits and licenses are obtained for such areas as importations, currency transfers, operation of hotel, restaurants, bars or club, etc.
• To ensure the safekeeping and updating of all leases and contracts and all other legal records and documents which may affect financial status of the hotel.
• To ensure that local tax matters, including both income tax/vat and other taxes, are properly handled. This includes the responsibility for the proper deductions and remittances of all payroll taxes where applicable.
• To approve all cash disbursements. Before denoting approval, the Finance Manager should ensure that all disbursements are properly documented and executed.
• To approve all allowances and adjustments and ensure that they are subsequently approved by the Management (GM/MD or Chairman).
• To conduct the monthly physical count and valuation of all food, beverage and operating supplies inventories and the half yearly physical count and valuation of all operating equipment inventories.
• To administer in conjunction with the Management, the hotel’s insurance program.
• To ensure that, subject to the availability of funds, all necessary reserves, such as vacation of employees, employees’ indemnity, furniture and equipment, etc. are adequately maintained.
• To assist in preparing, in conjunction with the other department heads and the Management, both the annual and revised capital budget and profit budget in the format required by the Hotel. In addition to the preparation, the Finance Manager is responsible for reporting the actual results as compared with the profit budget.
• Responsible for maintaining adequate records to reflect the comparison of the actual expenditures for operating equipment and furniture and equipment replacements with the annual budgeted amounts.
• To ensure the administration of established credit and collection policies which is the Finance Manager’s responsibility
• To administer and control the Hotel Master Keys.
• To carry out duty management shifts according to the rota established.

Requirements

• Bachelor's degree in Finance, Accounting, or related field.
• 2+ years of experience in finance or accounting role, preferably in the hospitality industry.
• Strong understanding of financial principles and practices.
• Excellent analytical and problem-solving skills.
• Proficient in Microsoft Excel and accounting software.
• Excellent communication and interpersonal skills.
• Ability to work well under pressure and meet deadlines.

About the Company

Luxuria Hotel Management is a fully integrated pioneer hotel management company specialized in the hospitality sector and with an expanding portfolio across the Middle East and India.

LHM provides hotel owners and developers a broad spectrum of world-class management solutions catering to all market segments from luxury to budget.

LHM’s strategic expansion in the Middle East and India (soon) has been successful in unlocking a world of opportunities while creating value for its customers, stakeholders, associate companies and its employees. The portfolio is currently located in the vibrant destination of Dubai – United Arab Emirates, with a pipeline of hotels under development to grow LHM’s regional footprint further. The target is to grow by another 2 hotel properties before the last quarter of 2019 and to have portfolio of 10 hotels by the year 2022.

Candidates who applied for this job also applied for:
Finance Manager Easy Apply
A Leading Perfume Packaging Solutions Company in the UAE
Sharjah 4 Apr
Finance Manager Easy Apply
Globalink Logistics
Dubai 11 Mar
Finance Manager Easy Apply
Quest Search & Selection
Abu Dhabi 15 Apr
Financial Manager Easy Apply
Realiste
Dubai 23 Apr
Senior Finance Manager for an International Management Consulting Firm Easy Apply
RecruitMe FZE
Dubai 14 Mar
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month
Finance Manager salaries in Dubai

Average monthly compensation
AED 17,000

Breakdown available for industries and years of experience