Accounting Manager

Website Hyatt

Job Description:

The Management Accountant will be responsible for assisting the Finance team in the effective implementation of all Finance & Accounting policies and procedures. The primary role of the Management Accountant is to interpret financial results and work with respective heads of departments to maximize operating results, providing them with tools for future planning and control.

Job Responsibilities:

  • Cost Control and Analysis: Monitor and analyze costs, including labor, food and beverage, utilities, and other operational expenses, identifying areas for cost reduction, efficiency improvement, and profitability enhancement.
  • Revenue and Cost Analysis: Analyze revenue streams, occupancy rates, average daily rates (ADRs), and expenses to identify trends, opportunities for improvement, and cost control measures.
  • Financial Reporting: Oversee the preparation and analysis of accurate and timely financial statements, including income statements, balance sheets, and cash flow statements, ensuring compliance with accounting principles, regulations, and internal policies.
  • Financial Controls: Establish and maintain strong internal controls to safeguard assets, prevent fraud, and ensure compliance with financial regulations and industry standards.
  • Accounts Payable and Receivable: Oversee the accounts payable and accounts receivable functions, ensuring accurate and timely processing of invoices, payments, and collections.
  • Team Management: Supervise and mentor a team of accountants, providing guidance, training, and performance evaluations to ensure high-quality work and professional development.
  • Budgeting and Forecasting: Coordinate the development of annual operating budgets and forecasts in collaboration with department heads and the executive team, monitoring performance against targets and providing variance analysis.

Job Requirements:

  • Comprehensive knowledge of hotel accounting principles, financial reporting, and budgeting processes.
  • Excellent analytical and problem-solving abilities, with an attention to detail and accuracy.
  • Effective communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders.
  • Solid understanding of internal controls, audit processes, and compliance requirements.
  • Proficiency in hotel-specific financial systems, property management systems (PMS), and accounting software.
  • Proven experience as an Accounting Manager or in a similar role within the hotel or hospitality industry.
  • Strong leadership and managerial skills, with the ability to motivate and develop a team of accountants.

Job Details:

Company: Hyatt

Vacancy Type: Full Time

Job Location: Dubai, United Arab Emirates

Application Deadline: N/A

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