What are the responsibilities and job description for the Controller position at Kent Hospitality Group?
JOB SUMMARY : The Controller for Kent Hospitality Group, you will play a crucial role in overseeing the financial management and accounting functions. You will be responsible for ensuring accurate financial reporting, maintaining strong financial controls, and contributing to the overall financial health and success of the SHG. This role will be the primary liaison between our Executive Team and the SHG Accounting Team. This position requires a strong understanding of the hospitality industry and accounting principles.
KEY RESPONSIBILITIES
Financial Reporting
Analyze financial statements, including income statements, balance sheets, and cash flow statements prepared by our outsourced accountants.
Ensure financial reports are accurate, timely, and compliant with accounting standards and regulatory requirements.
Budgeting and Forecasting
Assist in the development and monitoring of the annual consolidated budget.
Provide financial insights and forecasts to support strategic decision-making.
Financial Analysis
Analyze financial data to identify trends, opportunities, and areas for cost reduction.
Identify and implement cost-saving initiatives, including process improvements and efficiency measures.
Work with various departments to minimize unnecessary expenses.
Prepare ad-hoc financial reports and analyses as needed.
Banking
Be an administrator of banking and platforms (Chase Connect, JP Morgan Access)
Maintain relationships with banking and financial institutions.
Onboard people as needed with Executive Approval
Create and / or release wires and ACH when necessary.
Credit Card and Expense Report Management
Act as the administrator of corporate credit cards
Develop and maintain expense policies and guidelines for the organization.
Ensure all receipts are scanned and kept on file.
Ensure that employees understand and adhere to expense policies and regulations
Prepare regular reports and presentations on expense trends and variances for management.
Conduct periodic expense audits to ensure compliance with company policies and regulations.
Oversee the utilization and optimization of expense management software and tools.
Train employees on how to use expense management tools effectively.
Cash Management
Monitor cash flow and oversee cash management.
Assist when needed with case deposits.
Accounts Payable and Receivable
Supervise the accounts payable and accounts receivable functions, ensuring timely and accurate processing of invoices and collections.
Tax Compliance
Ensure compliance with all local, state, and federal tax regulations.
Coordinate with external tax advisors to prepare and file tax returns.
Annual Financial Audit
Lead the annual financial audit process, working closely with the external auditor and SHG accounting team.
Ensure all audit requirements are met, and manage the preparation and submission of audit documentation.
Financial Strategy
Collaborate with the CFO and senior management to develop financial strategies that support the company's growth and profitability goals.
Team Leadership
Manage and develop a team of finance professionals, fostering a culture of accountability, efficiency, and continuous improvement.
QUALIFICATIONS
Bachelor's degree in Accounting, Finance, or a related field (Master's degree or CPA certification is a plus).
Several years of experience in a similar role within the hospitality industry.
Strong understanding of financial and accounting principles.
Proficiency in financial software and tools (e.g., QuickBooks, Excel, and industry-specific software such as R365, Compeat, Avero).
Excellent analytical, problem-solving, and communication skills.
Attention to detail and strong organizational abilities.
Ability to work well under pressure and meet deadlines.
Prior experience with budgeting and forecasting in the hospitality sector.
Knowledge of industry-specific regulatory requirements.
Experience with international accounting and financial regulations is a plus.
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