Assistant Financial Controller
Belmond, South Africa
Job Description
At the Mount Nelson Hotel, we are passionate about offering our guests gracious hospitality in every aspect of their stay with us. We are equally ardent about service excellence from our front of house as well as our back of house staff. We are fully aware of the importance of the role that each and every staff member plays in ensuring the happiness and wellbeing of our guests, and in creating a truly memorable stay for them.
We like to believe that our staff shares in this passion and as such, we look for people who are eager to learn, grow and develop, and who are committed to the role they play within the team.
The Mount Nelson Hotel is looking for an Assistant Financial Controller to join the team. The duties and responsibilities include but are not limited to:
- Assist the Financial Controller in preparation of the balance sheet and the profit amp; 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.
- 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.
- 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 amp; 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
- 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 recognised tertiary educational institution.
- Experience in managing a team.
- Hospitality experience advantageous, preferably in a 5-star environment.
- Practical knowledge of general hotel operations and a good knowledge base of accounting.
- VAT knowledge advantageous.
- Income tax knowledge advantageous.
Benefits
Company medical aid and pension fund contributions
Uniform provided
Daily meal provided