Finance and Compliance Assistant
3167 views | Apply Before: 2023-12-31
Job Summary
No. of Vacancy
1
Job Type
Full Time
Offered Salary
Negotiable
Gender
Any
Career Level
Mid Level
Category
N/A
Experience
3+ years of experience or Semi-qualified CA.
Preferred Education
Bachelor's degree /Master's degree/Semi-qualified CA.
Location
Kuleshwor, Kathmandu
Apply Before
2023-12-31
Job Description

The Finance and Compliance Assistant at a tourism/hospitality provides support to the finance department in managing the hotel's financial operations. They play a crucial role in ensuring accurate financial reporting, efficient budgeting and forecasting, and compliance with financial regulations. The Finance and Compliance Assistant assists the Finance Manager in overseeing financial and book-keeping activities, analyzing financial data, reporting as per standards and providing strategic recommendations to support the organization's financial objectives.
Key Responsibilities:
Financial Reporting and Analysis:

  • Assist in preparing financial statements, including income statements, balance sheets, and cash flow statements, ensuring accuracy and compliance with accounting standards.
  • ¬†Analyze financial data to identify trends, variances, and areas of improvement, providing meaningful insights to management.
  • Monitor and review departmental financial performance, highlighting areas of concern and proposing corrective actions.
  • Collaborate with the finance team to prepare periodic financial reports, forecasts, and budgets for management and stakeholders.

Budgeting and Forecasting:

  • Support the Finance Manager in developing annual budgets and forecasts in line with the hotel's strategic goals.
  • Assist department heads in the budgeting process, providing guidance, templates, and financial analysis and provide regular budget updates & variance analysis.

Internal Controls and Compliance:

  • Assist in developing and implementing financial policies, procedures, and internal controls to safeguard hotel assets and ensure compliance with regulatory requirements.
  • Conduct periodic internal audits to assess compliance with financial controls and identify areas for improvement.
  • Assist in coordinating external audits and ensure timely provision of requested financial information and documentation.
  • Stay updated on accounting standards, regulations, and industry best practices, recommending adjustments as necessary.

Financial Planning and Analysis and Operations:

  • ¬†Assist and review financial transactions and documentation for accuracy, completeness, and adherence to policies and procedures.
  • Support the Finance Manager in cash flow management, ensuring optimal utilization of funds and effective cash flow forecasting.
  • Collaborate with other departments to resolve financial queries, provide guidance on financial processes, and promote financial awareness.
  • Assist in conducting financial analysis and feasibility studies for potential investments, projects, or cost-saving initiatives.
  • Provide support in evaluating financial performance indicators, benchmarking against industry standards, and identifying areas for improvement.
Job Specification
  • Bachelor's degree in Accounting, Finance, or a related field (Master's degree or professional certification is a plus) 3+ years of experience or Semi-qualified CA.
  • Proven experience in a financial role preferably within the hospitality or tourism industry.
  • Solid understanding of accounting principles, financial reporting, and internal controls.
  • Proficiency in financial software and systems (experience with hotel-specific financial software is an advantage).
  • Strong analytical and problem-solving skills with the ability to interpret financial data and provide meaningful insights.
  • Strong communication and interpersonal skills to collaborate effectively with colleagues at all levels.
  • Ability to work under pressure, prioritize tasks, and meet deadlines.
  • Familiarity with relevant financial regulations and compliance requirements.
  • Proficient in using spreadsheet software (e.g., Microsoft Excel) and other financial analysis tools
R.K.D Holdings Limited

RKD Holdings is a diversified investment company whose operation includes real estate, financing, hospitality, tourism and technology. COOP2GOVS is our guiding principle to achieve sustainable growth and create value with people across society.

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