What are the responsibilities and job description for the Controller position at TPG Hotels and Resorts?
Job Overview
The Controller is responsible for overseeing and managing the financial and accounting operations of the hotel. Their primary role is to ensure the efficient and accurate management of the hotel's financial resources. This includes budgeting, financial reporting, cash management, and ensuring compliance with accounting standards and hotel policies.
What You'll Be Doing
Collaborate with internal and external auditors to ensure compliance with financial regulations and hotel policies. Implement and maintain internal controls to safeguard assetsPayroll and Tax Management:
The Controller is responsible for overseeing and managing the financial and accounting operations of the hotel. Their primary role is to ensure the efficient and accurate management of the hotel's financial resources. This includes budgeting, financial reporting, cash management, and ensuring compliance with accounting standards and hotel policies.
What You'll Be Doing
- Prepare and analyze financial statements, Month End closing, and P&L report.
- Provide financial reports to the hotel's management and corporate office
- Develop and maintain the hotel's annual budget.
- Monitor and compare actual financial results to budgeted figures.
- Create financial forecasts and participate in strategic planning.
- Conduct in-depth financial analysis to identify cost-saving opportunities and revenue-enhancing strategies.
- Manage and oversee the hotel's cash flow, ensuring funds are available for operational needs.
- Monitor daily cash receipts and disbursements.
- Utilize financial software and systems to record and track financial transactions.
- Supervise accounts payable and receivable processes.
- Ensure timely payment to vendors and collection from customers.
- Oversee payroll processing and tax-related matters.
- Ensure compliance with local, state, and federal tax regulations
- Lead and manage the finance team, including accountants and clerical staff.
- Provide guidance and training to staff members.
- Bachelor's degree in Finance, Accounting, or a related field (Master's degree preferred).
- CPA (Certified Public Accountant) or CMA (Certified Management Accountant) certification is often preferred.
- Several years of experience in financial management, ideally within the hospitality industry.
- Strong knowledge of financial and accounting software.
- Excellent analytical and problem-solving skills.
- Knowledge of local and federal financial regulations.
- Strong interpersonal and leadership skills.