Chief Accountant – Controls, Income Audit & Cost

How does your working day look like …

Income Audit & Revenue Assurance

• Oversee daily income audit for all revenue streams (Rooms, F&B, Spa, Other Departments, ancillary revenues).
• Ensure accurate reconciliation between PMS, POS, interfaces, credit card terminals, and the general ledger.
• Review and approve daily revenue reports, control sheets, and summaries before submission to management.
• Monitor and verify Rate codes, packages, and promotions, Complimentary rooms, house use, staff rates, discounts, and rebates, No-shows, early departures, and late charges, City ledger transfers, PM accounts, and routing instructions
• Investigate revenue discrepancies, negative postings, voids, and manual corrections; ensure proper explanations and approvals.
• Work closely with Front Office, Reservations, and F&B to strengthen revenue controls and reduce leakages.
• Support implementation and compliance with USALI / brand standards for revenue recognition and classification.

Cost Control & Inventory Management

• Lead the hotel’s F&B and operating cost control function.
• Oversee receiving, storing, issuing, and stock control of food, beverage, and other operating supplies.
• Review purchase requests and purchase orders for reasonableness, proper approvals, and budget alignment.
• Ensure accurate costing of recipes, standard portions, and menu engineering data in coordination with the Executive Chef and F&B Manager.
• Analyse theoretical vs. actual food and beverage cost; investigate variances and propose corrective actions.
• Coordinate and supervise monthly and ad-hoc stock counts for all stores and outlets; validate count sheets and investigate discrepancies.
• Monitor spoilage, breakage, wastage, and transfers between outlets; ensure these are properly recorded and authorized.
• Provide cost analyses to support menu pricing, promotions, and product mix decisions.

Internal Controls, Compliance & Audit

• Design, implement, and maintain effective internal controls over revenue and cost processes in line with hotel/ brand SOPs, Owners’ requirements and External / internal audit and corporate standards
• Act as finance lead for audit items related to income audit, F&B controls, and inventory.
• Coordinate and follow up on internal and external audit findings; ensure timely closure of action plans.
• Ensure compliance with local regulations (e.g., VAT/tax implications on revenue, service charge, and discounts) in coordination with the Financial Controller.
• Prepare and update SOPs and checklists for income audit, cost control, and F&B controls; ensure these are communicated and implemented operationally.

Reporting & Analysis

• Provide daily, weekly, and monthly analysis on:

1. Revenue trends and anomalies
2. F&B and other cost of sales performance vs. budget and last year
3. Stock variances and wastage
4. Promotions and packages profitability

• Contribute to monthly P&L review, especially for Revenue classification and correction and  F&B cost of sales and other operating expenses related to inventory
• Support budgeting and forecasting processes with robust data and insights on revenue and cost assumptions.

Systems & Process Improvement

• Act as process owner for PMS/POS revenue-related setups (rate codes, packages, discounts, privileges, etc.) from a control perspective.
• Drive automation and simplification of income audit and cost control reports (Excel, BI tools, system exports).
• Continuously review workflows to improve accuracy, efficiency, and control without creating unnecessary bureaucracy.

People Management & Cross-Functional Collaboration

• Lead and develop the Income Auditor(s), Cost Controller, Storekeepers, and other related team members.
• Provide on-the-job training for Front Office, Reservations, F&B, and Stores teams on revenue and cost control procedures.
• Foster a strong control culture while maintaining supportive relationships with operations.
• Act as the main finance contact for department heads on any revenue / cost control or audit-related matters.

Your personality counts more than your CV …

• Bachelor’s degree in Accounting, Finance, or related field.
• Excellent command of written and spoken English, with the ability to communicate clearly and professionally.
• Professional qualification (or part qualification) such as ACCA, CPA, CMA is an advantage.
• Minimum 5–7 years’ hotel finance experience, including strong exposure to income audit and F&B cost control.
• Prior experience in a similar senior role in hotel finance (Income Auditor / Cost Controller / Finance Manager / Chief Accountant) preferred.
• Solid knowledge of Hotel accounting and USALI or similar hospitality reporting frameworks
• Proficiency in PMS, POS, inventory systems (e.g., Opera, Symphony, Future Log, Sun Systems, etc.)
• Strong proficiency in Microsoft Excel and advanced data analysis techniques
• Experience with internal and external audits within the hospitality sector.