JOB OBJECTIVES:
Financial Accuracy and Compliance:
Objective: Conduct regular and thorough audits of financial transactions to ensure accuracy and compliance with established policies and industry regulations.
Key Results: Identify discrepancies, irregularities, and potential risks in financial records, ensuring that financial activities align with internal policies and external regulations.
Uniform Financial System Implementation:
Objective: Implement and maintain a uniform financial system across all departments within hotels and resorts.
Key Results: Streamline financial processes to enhance efficiency and consistency in financial reporting, fostering a standardized approach to financial management.
Operational Reports Scrutiny:
Objective: Scrutinize operations reports to assess the effectiveness of operational activities.
Key Results: Verify the accuracy of data presented in reports, ensuring alignment with financial records, and providing insights into operational efficiency.
Compliance Monitoring and Enforcement:
Objective: Monitor and enforce compliance with internal policies, industry regulations, and legal requirements.
Key Results: Conduct regular assessments to identify and address compliance gaps, providing recommendations for process improvements and reinforcing a culture of adherence to standards.
Risk Assessment and Mitigation:
Objective: Identify and assess financial and operational risks, proposing strategies to mitigate potential threats.
Key Results: Collaborate with department heads to implement risk management measures, reducing the likelihood and impact of identified risks.
Documentation and Reporting Excellence:
Objective: Prepare detailed audit reports documenting findings, recommendations, and corrective actions.
Key Results: Communicate audit results effectively to relevant stakeholders, providing clear and actionable insights to improve internal controls and operational effectiveness.
Continuous Improvement Contributions:
Objective: Stay abreast of industry trends, best practices, and regulatory changes.
Key Results: Proactively contribute to the enhancement of internal audit processes and methodologies, ensuring they remain aligned with industry standards and organizational needs.
Bachelor's degree in accounting, finance, business administration, or a related field is often required.Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Certified Information Systems Auditor (CISA) may be preferred.3-5 years of relevant experience in internal auditing, accounting, or finance.Experience with auditing processes related to revenue management, cost control, and financial reporting specific to the hotel sector.In-depth knowledge of internal auditing principles, practices, and standards.Familiarity with the specific challenges and risks associated with the hospitality industry.Understanding of financial reporting standards relevant to the sector. awareness of the American uniform system of accounting for Hotels SectorCompany CompetenciesCommunication Skills:Excellent verbal and written communication skills for preparing audit reports and effectively communicating findings to stakeholders.Ability to convey complex financial and compliance issues clearly and understandably.Detail-Oriented:Keen attention to detail to identify discrepancies, irregularities, and potential risks in financial records and operational reports.Team Collaboration:Ability to work collaboratively with various departments and stakeholders to gather information and address audit concerns.Technology Proficiency:Familiarity with auditing tools and software.Competence in using financial management systems and other relevant technology.Ethical Conduct:High ethical standards and integrity to maintain objectivity and impartiality in auditing processes.Problem-Solving Skills:Ability to analyze complex issues, identify root causes, and provide practical solutions and recommendations.Adaptability:Flexibility to adapt to changes in regulatory environments, industry trends, and organizational structures.Continuous Learning:Willingness to stay updated on industry best practices, emerging risks, and changes in audit methodologies.