Chief Accountant

Overview:

• Provide management with timely financial analysis for effective decision-making. Prepare all statutory and management requirements of Lotte Hotel and Owners. Develop financial strategies including IT strategies to help develop the business and review periodically.

Responsibilities:

• Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)

• Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances

• Ensure excess cash is managed to maximize earning potential

• Prepares outlooks for forthcoming months and forecasts for the remainder of the year

• Prepares monthly position of actual results against budget, analyze results and recommend to Management measures required to meet budget

• Prepare consolidated quarterly position assessments for the Finance Director

• Distributes outlook and forecast information as an up to date management tool for operating departments

• Implement and review financial controls and policies

• Communicate with Management and maintains good relations and attends liaison meetings when required

• Analyze financial and management reports

• Design internal reporting systems required by the department and hotel

• Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Lotte Hotel Policies and Procedures

• Employ adequate internal control procedures to ensure correct authorization for payment procedures

• Manage internal and external audits when they occur

• Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance

• Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments

• Identifies staff with potential for promotion and/or transfer within Accounting operation

• Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations

• Provides safekeeping, including proper storage and access for all contracts, leases and other financial records

• Follows up on all capital expenditures to ensure compliance with original justification and approval

• Participates in local recognized professional and industry organizations

• Recommends and maintains appropriate list of delegation of authority for hotel management

• Conducts monthly inspections and tests to ensure all departments are complying with required procedures

• Reviews prices and recommends pricing strategy to the Finance Director

• Implements and maintains acceptable accounting practices and procedures as required by Lotte Hotel Policy, generally accepted accounting practices, and as affected by local conditions

• Select and monitor the Local Banking arrangements made for the operation of the Hotel

• Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items

• Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s

• Ensure payments are made to Lotte Hotel (All Fees and billings) as fast as possible

• Management of work flows of the finance department

• Assist in the maintenance of the fixed asset register on an annual basis

• Together with the IT Manager develop yearly strategic goals for the hotel relating to financial measures

• Work with Head of Departments to perform ad hoc cost

• Demonstrated ability to interact with customers, employees and third parties that reflects highly on the hotel, the brand and the Company.

• Proficient in the use of Microsoft Office

• Problem solving, reasoning, motivating, organizational and training abilities.

• Good Communication and writing skills

• Bachelor’s degree in Accounting, Finance or related field. CPA preferred.

• 4 years in hotel accounting or audit with at least one year in similar supervisory role, or an equivalent combination of education and work-related experience.