Job Details
Skills And Tools:
Job Description
Financial Analysis:
Objective: Conduct thorough financial analysis, including income statements, balance sheets, and cash flow statements.
Results: Provide accurate and comprehensive financial reports with insights into the property's financial performance.
Budgeting and Forecasting:
Objective: Assist in the development and management of budgets and forecasts.
Results: Contribute to the creation of realistic and achievable budgets, providing accurate financial forecasts based on market trends and operational data.
Variance Analysis:
Objective: Analyze budget vs. actual performance of each property, identifying and explaining variances.
Results: Provide clear explanations for budget variances and offer recommendations for improvement.
Cost Analysis:
Objective: Monitor and analyze operating costs to identify areas for improvement and cost-saving opportunities.
Results: Propose cost control measures while maintaining or improving operational efficiency and quality.
Revenue Analysis:
Objective: Evaluate and optimize revenue streams, including rate analysis and promotions profitability.
Results: Provide insights and recommendations for maximizing revenue and profitability.
Financial Modeling:
Objective: Develop financial models to support strategic decision-making and scenario analysis.
Results: Create accurate and reliable financial models that aid in forecasting and evaluating various business scenarios.
Investment Analysis:
Objective: Evaluate proposed capital projects and investments.
Results: Provide assessments of potential returns, risks, and alignment with overall business strategy.
Market Research:
Objective: Stay informed about industry trends, market conditions, and competitor activities.
Results: Provide insights into the potential impact of external factors on the company's financial performance.
Financial Reporting:
Objective: Prepare and analyze financial statements, presenting key management insights.
Results: Generate accurate and timely financial reports that contribute to informed decision-making.
Cross-Functional Collaboration:
Objective: Collaborate with various departments, such as marketing, operations, and sales.
Results: Ensure financial goals align with overall business objectives, providing financial support and analysis for various initiatives.
Compliance and Risk Management:
Objective: Ensure financial operations comply with relevant regulations and internal policies.
Results: Identify and assess financial risks, recommending strategies to mitigate potential issues.
Continuous Improvement:
Objective: Continuously assess and improve financial processes, reporting mechanisms, and analysis tools.
Results: Implement process improvements and stay updated on industry best practices to enhance financial performance.
Job Requirements
- Bachelor's degree in Finance, Accounting, or a related field. A Master's degree or relevant certification (e.g., CFA, CPA) is a plus.
- Proven experience as a Financial Analyst, preferably in the hospitality industry or related sectors.
- Strong proficiency in financial modeling, data analysis, and financial reporting.
- Excellent knowledge of accounting principles, financial regulations, and industry best practices.
- Advanced proficiency in spreadsheet software (e.g., Microsoft Excel) and financial analysis tools.
- Effective communication skills with the ability to present complex financial information clearly and concisely.
- Detail-oriented with strong analytical and problem-solving skills. awareness of the American uniform system of accounting for Hotels Sector
- Proven experience in internal auditing, specifically within the hospitality industry.
- Familiarity with auditing principles, practices, and procedures, especially those applicable to hotels and resorts.
Company Competencies
- Communication Skills:
Clear and effective communication, both written and verbal facilitates collaboration with various departments and ensures that financial insights are communicated effectively. - Analytical Thinking:
Strong analytical and critical thinking skills enable the analyst to assess complex financial data and make data-driven recommendations. - Attention to Detail:
Thoroughness and precision in analyzing financial information are critical for accuracy in financial reporting and analysis. - Problem-Solving:
Ability to identify financial challenges and propose effective solutions. to help you address issues related to cost control, revenue management, and profitability. - Team Collaboration:
Ability to collaborate with cross-functional teams, such as marketing, operations, and sales to ensure financial goals align with overall business objectives. - Time Management:
Efficient use of time to meet deadlines and manage multiple tasks to ensure timely delivery of financial reports and analysis. - Adaptability:
Flexibility and adaptability to changes in market conditions or business strategies to be able to adjust financial models and strategies based on evolving circumstances. - Ethical Conduct:
- Adherence to ethical standards and integrity in financial practices. This is essential for maintaining the trust and credibility of financial information.
- Continuous Learning:
Willingness to stay updated on industry trends, best practices, and emerging technologies to stay informed about changes that may impact financial strategies.
