Assistant Finance Manager

RM5,000 - RM6,000 yearly
  • Kloe Hotel
  • Bukit Bintang, Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
  • Jul 10, 2023
Full time Finance Department

Job Description

 

Assistant Finance Manager is based at KLoe Hotel, reporting directly to the General Manager and Finance Manager.

General Responsibilities:

  • Supervise daily accounting operations.
  • Prepare monthly reports and work schedules.
  • Prepare various monthly reports as required by management.
  • Perform financial analysis on monthly statements and report to the Finance Manager/General Manager.
  • Check purchase requisitions to determine if they fall under capital expenditure or expense budgets.
  • Ensure sub-ledgers and supporting evidence are in order and properly maintained.
  • Safeguard contracts and agreements and oversee accounting procedures and ledger preparation.
  • Fulfil other duties related to the role as required by the Finance Manager/General Manager.

Accounting:

  • Review daily revenue reports from related departments.
  • Verify accuracy and proper recording of journals and journal vouchers.
  • Ensure accuracy of general ledger and sub-ledger postings and reconcile balances at month-end.
  • Manage prepaid and accrued expense allocations and other expense calculations.
  • Review salary calculations and ensure proper labor expense posting.
  • Review Monthly Food & Beverage Report and verify cost bookings.
  • Check draft monthly account statements for errors or unrecorded amounts.
  • Verify proper purchase and recording of fixed assets.
  • Ensure smooth operation of the computer system and accurate preparation of accounting records.
  • Maintain communication with auditors, provide necessary data and documents for audits.
  • Stay updated on accounting regulations.

Financial Affairs:

  • Verify daily bank balances through bank statements and prepare monthly bank reconciliation.
  • Verify accuracy of cashier reports and ensure daily deposits of revenue receipts.
  • Perform physical inspections of cash held by cashiers and review daily cash balances.
  • Safely store unused checks and bank forms and take measures to protect cash at point of sale.
  • Ensure compliance with foreign exchange rate procedures.
  • Prepare working capital schedules for submission to the Finance Manager/General Manager.
  • Assist in forecasting and budgeting.
  • Coordinate with auditors, company secretary, tax agents, and banks.

Taxation:

  • Verify timely declaration and payment of sales tax, consumption tax, and payroll-related taxes.
  • Ensure proper treatment of all tax matters in compliance with legislation.
  • Stay updated on tax changes and legislation.
  • Submit tourism tax and other required taxes on time.

Requirements:

  • Degree in Finance/Accountancy or equivalent.
  • Minimum 3 years of full-scope accounting experience in the hospitality industry.
  • Strong judgment, decision-making, and management skills with a result-oriented approach.
  • Experience in the F&B/hospitality industry is a plus.
  • Strong knowledge of accounting double entries.
  • Continuously seek process improvement and increased efficiency.
  • Good team player.

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We thank all applicants for your interest. However, we regret to inform that only shortlisted candidates will be contacted.

You may consider your application to be unsuccessful should you not hear from us within 30 days after your application.