The Role
Leads hotel Cost Control and Income Audit teams, ensuring financial accuracy, asset protection, expense control, revenue reconciliation, inventory oversight, and compliance with USALI and tax requirements. Reviews PMS and POS transactions, investigates cost and revenue variances, supervises cash and settlement audits, prepares month-end reconciliations and reports, and supports forecasting, budgeting, and financial reviews with hotel department heads.
Summary Generated by Built In
The Finance Manager is a key middle-management leadership role responsible for maintaining the financial integrity of hotel operations. Reporting directly to the Assistant Director of Finance, this position directly oversees two critical accounting operational pillars: Cost Control and Income Audit.
The primary objective is to safeguard hotel assets, maximize profitability through rigorous expense tracking and waste reduction, and guarantee the absolute accuracy of all revenue streams across Rooms, Food & Beverage, and auxiliary outlets.
Key Responsibilities
Departmental Leadership & Management
- Lead, mentor, and supervise the Cost Control and Income Audit teams, establishing clear operational KPIs and daily workflows.
- Ensure full compliance with Uniform System of Accounts for the Lodging Industry (USALI), local tax laws, and internal financial controls.
- Serve as the primary operational liaison between Finance and Department Heads (F&B, Procurement, Executive Chef, Front Office) to drive financial compliance.
2. Cost Control Oversight
- Oversee daily, weekly, and monthly cost analysis across Food, Beverage, Operating Supplies, and Equipment (OS&E).
- Monitor stock movements, receiving procedures, storage standard operating procedures (SOPs), and monthly inventory counts across all outlets and stores.
- Analyze recipe costs, menu engineering reports, and yield tests alongside the Executive Chef and F&B Director to optimize gross profit margins.
- Investigate variances between actual vs. standard costs, identifying points of leakage, spoilage, theft, or waste.
- Review purchasing contracts, purchase orders, and market lists to ensure competitive pricing and budget compliance.
3. Income Audit Oversight
- Supervise the daily revenue audit process to ensure all guest charges, ledger postings, and non-room revenues are reconciled accurately.
- Audit daily revenue reports against Property Management System (PMS) and Point of Sale (POS) balances (e.g., Opera, Micros/Simphony).
- Review rate variances, complimentary stays, house accounts, voided transactions, paid-outs, and manager discounts for proper authorization.
- Verify cash, credit card, and city ledger settlements, coordinating with Accounts Receivable to clear discrepancies immediately.
- Oversee surprise float counts for cashiers and general cashier funds across front-of-house departments.
4. Financial Reporting & Month-End Closing
- Prepare month-end cost of sales reconciliations, inventory valuation reports, and daily/monthly revenue summaries for senior leadership.
- Assist the Assistant Director of Finance with financial variance analysis, forecast updates, and annual operating budget preparation.
- Conduct monthly financial review meetings with operational department heads to review cost drivers and revenue leakage.
Qualifications & Requirements
- Education: Bachelor’s degree in Accounting, Finance, Hospitality Management, or related field. Professional certifications (CPA, CMA, or CHTP) preferred.
- Experience: Minimum 3–5 years of progressive finance/accounting experience in mid-to-large-scale hotel operations, with direct experience in Cost Control and/or Income Audit roles.
- Systems Proficiency: Hands-on experience with hospitality ERPs, PMS (e.g., Opera), F&B POS systems (e.g., Micros/Simphony), inventory/procurement software (e.g., Materials Control, FMC), and advanced MS Excel.
- Technical Knowledge: Strong understanding of USALI standards, yield management, F&B cost dynamics, and revenue control workflows.
- Soft Skills: High analytical aptitude, strong leadership and team development skills, firm ethical standards, and excellent cross-departmental communication.
About
Founded in Germany in 1897, Kempinski Hotels has long reflected the finest traditions of European hospitality. Today, as ever, Kempinski is synonymous with distinctive luxury.Located in many of the world's most well-known cities and resorts, the Kempinski collection includes hotels in a grand manner, pace-setting modern establishments and older hotels of individual charm. All blend gracefully into their surroundings and offer luxurious accommodation, superb cuisine and unrivalled facilities - complemented by impeccable service.For leisure and business guests alike, the name Kempinski has long been synonymous with style, mobility and efficiency. Put simply, they are the first choice for the discerning individual.In addition to operating many of the finest city hotels in the world, Kempinski is a name that can now be found in many exciting resort locations, each combining local flair and ambience with the international standards of service and luxury that Kempinski guests have come to expect.
Skills Required
- Bachelor's degree in Accounting, Finance, Hospitality Management, or a related field
- CPA, CMA, or CHTP professional certification
- 3-5 years of progressive finance or accounting experience in mid-to-large-scale hotel operations
- Direct experience in Cost Control and/or Income Audit roles
- Hands-on experience with hospitality ERP systems
- Experience with a hotel PMS such as Opera
- Experience with F&B POS systems such as Micros/Simphony
- Experience with inventory or procurement software such as Materials Control or FMC
- Advanced Microsoft Excel proficiency
- Strong understanding of USALI standards, yield management, F&B cost dynamics, and revenue control workflows
- Strong analytical aptitude, leadership, team development, ethical standards, and cross-departmental communication skills
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The Company
What We Do
Kempinski Hotels is a German luxury hotel management company, recognized as Europe's oldest luxury hotel group, operating upscale hotels worldwide and focusing on creating memorable guest experiences.
