Chief Accountant

FILINVEST COMPANY: CRIMSON HOTEL FILINVEST CITY MANILA

Position Summary:

The Chief Accountant plays a crucial role in maintaining the financial integrity of Crimson Filinvest City Manila. This position is responsible for overseeing financial reporting, budgeting, forecasting, and analysis to support informed decision-making. The Chief Accountant ensures compliance with financial regulations, implements internal controls to safeguard company assets, and manages day-to-day accounting operations to maintain accuracy and transparency in financial records.

Scopes and Responsibilities:

• Prioritizes financial accuracy, compliance, and the satisfaction of both internal and external stakeholders.
• Strives for excellence by ensuring timely and precise financial reporting, budgeting, and analysis to support strategic decision-making.
• Actively collaborates with department heads and leadership to understand financial needs and provide insightful recommendations.
• Demonstrates a proactive approach in anticipating financial risks and implementing effective controls to safeguard company assets.
• Fosters a culture of integrity, transparency, and accountability within the Finance team.
• Takes ownership of financial concerns and ensures prompt, data-driven resolutions to support smooth hotel operations.
• Leads by example, inspiring the team to uphold the highest standards of financial management and service excellence.
• Recognizes and values the contributions of the Finance team, promoting continuous improvement and professional growth.
• Develops and Maintains Financial Plans and Budgets: Formulates comprehensive financial plans annual budgets, and periodic forecasts to support the hotel's operational and strategic goals, ensuring alignment with revenue targets and cost control measures.
• Prepares and Analyzes Financial Statements and Reports: Generates accurate and timely financial reports, including income statements, balance sheets, and cash flow statements. Conducts in-depth financial analysis to identify trends, variances, and areas for improvement.
• Manages Cash Flow, Accounts Receivable, and Accounts Payable: Ensures effective cash flow management by monitoring receivables, payables, and liquidity levels. Implements strategies to optimize working capital while maintaining strong financial health.
• Conducts Financial Analysis and Provides Strategic Insights: Evaluates financial data to support hotel leadership in making informed business decisions. Identifies cost-saving opportunities, revenue enhancements, and operational efficiencies.
• Implements and Maintains Internal Controls and Procedures: Establishes robust internal controls to safeguard the hotel's financial assets, prevent fraud, and ensure compliance with hotel policies and industry regulations. Regularly reviews and updates financial procedures.
• Coordinates with External Auditors and Regulatory Agencies: Manages audits and liaises with external auditors, tax authorities, and regulatory bodies to ensure compliance with local laws, financial reporting standards, and tax regulations.
• Provides Leadership and Guidance to the Finance Team: Leads, mentors, and develops the finance team to maintain high performance and efficiency. Fosters a culture of accuracy, accountability, and continuous improvement.
• Collaborates with Other Departments on Financial Planning and Budgeting: Works closely with department heads to develop and monitor budgets, ensuring alignment with the hotel's financial goals and operational needs. Provides financial insights to optimize resource allocation and cost efficiency.
• Supports Special Projects and Strategic Initiatives: Provides financial expertise for hotel expansion plans, capital expenditures, cost-saving initiatives, and revenue-enhancing projects. Ensures financial feasibility and compliance in all initiatives.
• Participates in Cross-Functional Teams: Works alongside various hotel departments, such as Sales, Operations, and Procurement, to offer financial insights that drive profitability and operational efficiency.
• Assists in the Implementation of New Financial Systems and Processes: Supports the integration of upgraded financial software, automated reporting tools, and process improvements to enhance accuracy, efficiency, and compliance in financial operations.
• Conducts Ad-Hoc Financial Research and Analysis: Performs financial modeling, scenario analysis, and market research as needed to support business strategies and investment decisions.
  
  
  

Qualifications

• Bachelors Degree in Accounting, Finance, or a related field (e.g., Business Administration with a specialization in Accounting or Financial Management).
• Certified Public Accountant (CPA) designation is highly preferred.
• Masters Degree (MBA or Masters in Finance/Accounting) is an advantage but not always required.
• Certifications in Hotel Financial Management (e.g., Certified Hospitality Accountant Executive (CHAE) or Chartered Global Management Accountant (CGMA)) are a plus.
• Extensive knowledge of IFRS, GAAP, and local tax regulations applicable to the hospitality industry.
• Minimum of 5-7 years of progressive experience in accounting and financial management, preferably within the hospitality industry.
• At least 3 years in a supervisory or managerial role, overseeing financial operations, reporting, and compliance in a hotel or resort setting.
• Proven expertise in financial planning, budgeting, forecasting, and variance analysis to support hotel operations and strategic decision-making.
• Strong background in financial reporting and compliance, including knowledge of IFRS, GAAP, and local tax regulations relevant to the hospitality sector.
• Experience in managing audits, coordinating with external auditors, and ensuring compliance with internal controls and financial policies.
• Proficiency in cost control, revenue management, and financial risk assessment to enhance hotel profitability and operational efficiency.
• Strong leadership and team management experience, with the ability to mentor and develop finance team members in a high-performance environment.
  

FILINVEST COMPANY: CRIMSON HOTEL FILINVEST CITY MANILA

Position Summary:

The Chief Accountant plays a crucial role in maintaining the financial integrity of Crimson Filinvest City Manila. This position is responsible for overseeing financial reporting, budgeting, forecasting, and analysis to support informed decision-making. The Chief Accountant ensures compliance with financial regulations, implements internal controls to safeguard company assets, and manages day-to-day accounting operations to maintain accuracy and transparency in financial records.

Scopes and Responsibilities:

• Prioritizes financial accuracy, compliance, and the satisfaction of both internal and external stakeholders.
• Strives for excellence by ensuring timely and precise financial reporting, budgeting, and analysis to support strategic decision-making.
• Actively collaborates with department heads and leadership to understand financial needs and provide insightful recommendations.
• Demonstrates a proactive approach in anticipating financial risks and implementing effective controls to safeguard company assets.
• Fosters a culture of integrity, transparency, and accountability within the Finance team.
• Takes ownership of financial concerns and ensures prompt, data-driven resolutions to support smooth hotel operations.
• Leads by example, inspiring the team to uphold the highest standards of financial management and service excellence.
• Recognizes and values the contributions of the Finance team, promoting continuous improvement and professional growth.
• Develops and Maintains Financial Plans and Budgets: Formulates comprehensive financial plans annual budgets, and periodic forecasts to support the hotel's operational and strategic goals, ensuring alignment with revenue targets and cost control measures.
• Prepares and Analyzes Financial Statements and Reports: Generates accurate and timely financial reports, including income statements, balance sheets, and cash flow statements. Conducts in-depth financial analysis to identify trends, variances, and areas for improvement.
• Manages Cash Flow, Accounts Receivable, and Accounts Payable: Ensures effective cash flow management by monitoring receivables, payables, and liquidity levels. Implements strategies to optimize working capital while maintaining strong financial health.
• Conducts Financial Analysis and Provides Strategic Insights: Evaluates financial data to support hotel leadership in making informed business decisions. Identifies cost-saving opportunities, revenue enhancements, and operational efficiencies.
• Implements and Maintains Internal Controls and Procedures: Establishes robust internal controls to safeguard the hotel's financial assets, prevent fraud, and ensure compliance with hotel policies and industry regulations. Regularly reviews and updates financial procedures.
• Coordinates with External Auditors and Regulatory Agencies: Manages audits and liaises with external auditors, tax authorities, and regulatory bodies to ensure compliance with local laws, financial reporting standards, and tax regulations.
• Provides Leadership and Guidance to the Finance Team: Leads, mentors, and develops the finance team to maintain high performance and efficiency. Fosters a culture of accuracy, accountability, and continuous improvement.
• Collaborates with Other Departments on Financial Planning and Budgeting: Works closely with department heads to develop and monitor budgets, ensuring alignment with the hotel's financial goals and operational needs. Provides financial insights to optimize resource allocation and cost efficiency.
• Supports Special Projects and Strategic Initiatives: Provides financial expertise for hotel expansion plans, capital expenditures, cost-saving initiatives, and revenue-enhancing projects. Ensures financial feasibility and compliance in all initiatives.
• Participates in Cross-Functional Teams: Works alongside various hotel departments, such as Sales, Operations, and Procurement, to offer financial insights that drive profitability and operational efficiency.
• Assists in the Implementation of New Financial Systems and Processes: Supports the integration of upgraded financial software, automated reporting tools, and process improvements to enhance accuracy, efficiency, and compliance in financial operations.
• Conducts Ad-Hoc Financial Research and Analysis: Performs financial modeling, scenario analysis, and market research as needed to support business strategies and investment decisions.
  
  
  

Qualifications

• Bachelors Degree in Accounting, Finance, or a related field (e.g., Business Administration with a specialization in Accounting or Financial Management).
• Certified Public Accountant (CPA) designation is highly preferred.
• Masters Degree (MBA or Masters in Finance/Accounting) is an advantage but not always required.
• Certifications in Hotel Financial Management (e.g., Certified Hospitality Accountant Executive (CHAE) or Chartered Global Management Accountant (CGMA)) are a plus.
• Extensive knowledge of IFRS, GAAP, and local tax regulations applicable to the hospitality industry.
• Minimum of 5-7 years of progressive experience in accounting and financial management, preferably within the hospitality industry.
• At least 3 years in a supervisory or managerial role, overseeing financial operations, reporting, and compliance in a hotel or resort setting.
• Proven expertise in financial planning, budgeting, forecasting, and variance analysis to support hotel operations and strategic decision-making.
• Strong background in financial reporting and compliance, including knowledge of IFRS, GAAP, and local tax regulations relevant to the hospitality sector.
• Experience in managing audits, coordinating with external auditors, and ensuring compliance with internal controls and financial policies.
• Proficiency in cost control, revenue management, and financial risk assessment to enhance hotel profitability and operational efficiency.
• Strong leadership and team management experience, with the ability to mentor and develop finance team members in a high-performance environment.