Financial Manager Super Luxurious Upmarket Hotel Cape Town

We are now in search for an experienced Financial Manager for a very luxurious upmarket hotel in the heart of Cape Town


The Financial Manager is responsible for the day to day finance operations of the hotel as well as the development of medium and long term strategy. Constant interdepartmental analysis is a requirement and a firm grasp of hotel accounting procedures as well as national and international standards. The FM oversees a department of 9 staff and has an active role working with HR manager. The Financial Manager is a member of the Executive Committee and represents the hotel operations monthly at board meetings. Ultimately the Financial Manager is required to be a proactive member of the management team, developing and implementing robust procedures and adding value at an operational and board level.

Primary Responsibilities:

1. Hotel Operations

o Control of all hotel bank accounts ensuring cash surplus is managed to maximise interest
o Sign-off on all hotel payments and ensure comprehensive knowledge of suppliers, pricing and where possible negotiate better price
o Management of all debtor’s accounts ensuring the accounts are in line with hotel policies
o Management of all creditor’s accounts ensuring the accounts are in line with hotel policies
o Managing a daily accounts meeting to ensure the team are fully updated with requirements and all targets and deadlines are met
o Management and control of all hotel contracts, including organising the records, negotiating rate and timing and ensuring the hotel achieves best possible value for money from all partners
o The FM has primary interactions with the hotel owners and ensures monthly distributions are completed accurately and timeously
o Management of month end including overseeing stock counts, ensuring all invoices are submitted timeously, management of monthly financial statements and reporting to the Hotel Management on results in general. The FM will work with the Executive to ensure the deadlines for monthly accounts are adhered too
o The FM is largely responsible for reporting in the monthly Directors Pack which reflects the hotels performance for the month and year to date.
o The FM is responsible for monitoring owner accounts including usage, pay-outs, rates, levies and statement management
o Payment of all salaries in conjunction with payroll and HR
o Management of all statutory payments and management of the business accounts in line with best accounting procedures to maximise hotel profitability
o Complete analysis of hotels performance monthly across a variety of metrics including but not limited to rates, revenues, occupancies, profits
o Implement comprehensive asset management systems
o Control of all provisional accounts
o Completions of annual audit in line with hotel’s set standards and managing the hotels accountant and the auditors who are on site for approximately 2 weeks
o Complete monthly one-on-ones with the finance team and twice annual appraisals whilst ensuring staff development
o Development and management of hotels annuals budgets in line with the hotels vision
o Ensure effective control measures are in place across the board


Minimum 5 years working in similar establishment
Minimum 5 years experience in a 4/5 hotel or lodge
Managerial experience VITAL
Bcom Accounting or similar qualification( Degree or Diploma)


Computer literate
Good communication skills
Ability to work under pressure
High organisational skills
Be proactive
Attention to detail
Be able to work swiftly and accurately

If you meet all the above requirements and have the relevant experience, please forward your CV in MS Word format along with a motivational letter supporting your application. Please note that due to a high number of applicants, only those shortlisted will be contacted.

Please forward CV to

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