Financial Controller

Department: Finance Operations

Reports to: Gabriel Schwartz

Direct Reports: BSBK / Paperchase

Location: 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 KHG. 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
• Manage allocations across entities

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

• Create and manage funding requests for entities that require funding from sources other than operations
• Monitor cash flow and oversee cash management, including intercompany reimbursements
• Assist when needed with cash deposits.

Accounts Payable and Receivable

• Supervise the accounts payable and accounts receivable functions, ensuring timely and accurate processing of invoices and collections.
• Manage Due to / Due from balances and ensure accuracy and timely reconciliation

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 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).

- 5 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.