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Financial Controller
4 months ago
Come and join our fun, engaged and energetic team. Pan Pacific offers not only guests but our associate’s endless possibilities to restore the body and expand the mind. We offer exceptional benefits, training and perks that provide the basis for a renewing work experience.
We are an equal opportunity employer and we would love you to join our team
**Hotel Overview**
The Pan Pacific Toronto Hotel (formerly The Prince Hotel) offers the best of both worlds - a welcoming oasis of calm amid the urban landscape. An exquisite property with 409 intimate guest rooms and 30,000 square feet of meeting space, two restaurants and a lounge in North Toronto, we are uniquely positioned to host a broad range of corporate, government, and leisure groups.
**Position Summary**
The Financial Controller is responsible for providing consistent leadership in the financial area of the hotel by supplying the accounting associates with guidance and training. He/she is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels on internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.
**Requirements**:
- The Financial Controller is responsible for providing information on the profitability of the business, maintaining accurate and timely financial reporting, safeguarding owners/ investors assets as well as ensuing property wide compliance with all federal, state and local regulations.
- Prepare, monitor, and accurately record hotel revenues daily by preparation of the Income Journal. Identify all variances to budget and last year.
- Monitoring and control of hotel operations, cash flow and operating forecasts for the property
- Maintain interaction with Department Heads to assure that property operations are on track and under control at all times
- Preparation of monthly bank reconciliations and general ledger account reconciliations for the property
- Supervision of accounting department Associates
- Compliance with hotel Accounting Policies and Procedures and internal controls for our finance and accounting operations
- Effectively manage and communicate related issues related to management of receivables, payables, daily cash balances, and timely deposits of all funds.
- Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Hotel’s established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
- Analyze financial data and operations and advise Department Heads in maintaining the hotels’ financial objectives.
- Hire, train, supervise and develop staff, including coaching, counseling and discipline.
- Preparation of any special reports, statements, etc., as requested.
- Other special projects and responsibilities as assigned.
- Review bi-weekly payroll and prepare labour analysis Ensure hotels’ compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
- Provide assistance to management in enforcing compliance on all these items. Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
**Qualifications**
- Bachelors Degree, preferably in Accounting.
- CGA/CMA/CPA is considered an asset.
- 3-5 years experience in a full service hotel.
- Strong PC skills including Excel, Word, Outlook and financial accounting systems.
- Strong organizational, analytical, verbal and written communication skills.
- Long hours and sometimes overtime required.
- Hospitality related financial management and accounting experience desirable.
- Ability to speak Mandarin is considered an asset.
- Knowledge of PMS/ Profit sage /Micros an advantage.
- *_Pan Pacific Toronto Hotel _recognizes its obligations under the Accessibility for Ontarians with Disabilities Act, 2005, and, upon request, will provide accommodation in the recruitment processes to the point of undue hardship._
**Job Types**: Full-time, Permanent
**Salary**: $80,000.00-$100,000.00 per year
**Benefits**:
- Dental care
- Extended health care
- Life insurance
- On-site parking
- RRSP match
- Vision care
Schedule:
- Monday to Friday
**Experience**:
- Full-service Hotel Accounting: 3 years (preferred)
Work Location: In person
