The Finance and Compliance Assistant at a tourism/hospitality provides support to the finance department in managing the hotel's financial operations. They play a crucial role in ensuring accurate financial reporting, efficient budgeting and forecasting, and compliance with financial regulations. The Finance and Compliance Assistant assists the Finance Manager in overseeing financial and book-keeping activities, analyzing financial data, reporting as per standards and providing strategic recommendations to support the organization's financial objectives.
Key Responsibilities:
Financial Reporting and Analysis:

• Assist in preparing financial statements, including income statements, balance sheets, and cash flow statements, ensuring accuracy and compliance with accounting standards.
•  Analyze financial data to identify trends, variances, and areas of improvement, providing meaningful insights to management.
• Monitor and review departmental financial performance, highlighting areas of concern and proposing corrective actions.
• Collaborate with the finance team to prepare periodic financial reports, forecasts, and budgets for management and stakeholders.

Budgeting and Forecasting:

• Support the Finance Manager in developing annual budgets and forecasts in line with the hotel's strategic goals.
• Assist department heads in the budgeting process, providing guidance, templates, and financial analysis and provide regular budget updates & variance analysis.

Internal Controls and Compliance:

• Assist in developing and implementing financial policies, procedures, and internal controls to safeguard hotel assets and ensure compliance with regulatory requirements.
• Conduct periodic internal audits to assess compliance with financial controls and identify areas for improvement.
• Assist in coordinating external audits and ensure timely provision of requested financial information and documentation.
• Stay updated on accounting standards, regulations, and industry best practices, recommending adjustments as necessary.

Financial Planning and Analysis and Operations:

•  Assist and review financial transactions and documentation for accuracy, completeness, and adherence to policies and procedures.
• Support the Finance Manager in cash flow management, ensuring optimal utilization of funds and effective cash flow forecasting.
• Collaborate with other departments to resolve financial queries, provide guidance on financial processes, and promote financial awareness.
• Assist in conducting financial analysis and feasibility studies for potential investments, projects, or cost-saving initiatives.
• Provide support in evaluating financial performance indicators, benchmarking against industry standards, and identifying areas for improvement.

• Bachelor's degree in Accounting, Finance, or a related field (Master's degree or professional certification is a plus) 3+ years of experience or Semi-qualified CA.
• Proven experience in a financial role preferably within the hospitality or tourism industry.
• Solid understanding of accounting principles, financial reporting, and internal controls.
• Proficiency in financial software and systems (experience with hotel-specific financial software is an advantage).
• Strong analytical and problem-solving skills with the ability to interpret financial data and provide meaningful insights.
• Strong communication and interpersonal skills to collaborate effectively with colleagues at all levels.
• Ability to work under pressure, prioritize tasks, and meet deadlines.
• Familiarity with relevant financial regulations and compliance requirements.
• Proficient in using spreadsheet software (e.g., Microsoft Excel) and other financial analysis tools