Hotels Cost Accountant

Job description
Hotels Cost Accountant - London W1 - £55K plus benefits

Our People

We are on our journey to becoming the local employer of choice, through living our values, Care, Discreet and Community. Our vision is to restore, renew and revive our guests, our teams and our local communities. Our purpose is to be people centered, excel in outstanding locations and deliver exceptional service. The Sutton Hotel Collection is a family-owned group, thus by extension, our people are our family. We recognise how much our people invest in us, in turn, we offer exceptional learning opportunities, as well as best in class benefits for our team.

We are now seeking a Hotels Cost Accountant to join our team.

Our Benefits

We want to share the Sutton Hotel Collection’s values of generosity, kindness and contribute towards the happier lives of you, our people. Here are some of the benefits you will receive, when you join us:
• Free Hotel Breaks - From the first day of service, you can benefit from two free breaks of one/two days in any Sutton Hotel Collection hotel, in a 12-month period.
• Leisure Passes - We encourage you to enjoy your time off work and will contribute £150 towards a membership at a leisure centre or with associations such as the National Trust.
• Enhanced Maternity and Paternity Leave (26 weeks at 90% for expectant mothers, four weeks leave at 90% for fathers)
• Institute of Hospitality - We will pay for your membership, creating avenues for learning, coaching and mentoring.
• Learning and Development - An extensive range of training opportunities are available to facilitate your personal development.
• Health Assured - A confidential service offering CBT therapy, up-to-date information, support and advice on a broad range of subjects.
• Subsidised Learning Courses - We encourage your learning and development so would like to contribute to courses you would like us to explore.

We also provide you with all the basic benefits such as free nutritious and tasty meals on duty, bespoke uniforms (for front facing team members), regular on and off-site social events and celebrations as well as a cycle to work scheme.

Our Opportunity

Job Purpose

To manage and analyse costs to help our hotels to make informed financial decisions, improve efficiency, profitability and ensure compliance with accounting standards. Key Responsibilities:
• Cost Analysis: Examining and analysing costs associated with business operations.
• Budgeting and Forecasting: Collaborating with other departments to develop budgets and forecasts based on cost analysis to help the business to plan for future expenses and set realistic financial goals.
• Variance Analysis: Investigating and explaining the differences between planned and actual costs, identifying the reasons for discrepancies and providing insights to management to help control costs.
• Process Improvement: Identifying opportunities for cost reduction and efficiency improvement by working with departments to streamline processes and eliminate unnecessary expenses.
• Financial Reporting: Providing accurate and timely cost-related information for financial statements and reports. This involves working closely with the finance team to ensure compliance with accounting standards and regulations.
• Cost Control: Developing and implementing strategies to control costs and maximise profitability. This may involve recommending changes to business processes, negotiating with suppliers, or finding ways to optimise resource utilisation.
• Compliance: Ensuring compliance with relevant accounting standards and regulations and stay informed about changes in accounting rules and make adjustments to practices as necessary.
• Decision Support: Assisting management in making informed decisions by providing cost-related insights. This could involve evaluating the financial impact of different business strategies or investment decisions.
• Use segment analysis to provide insight and projections, as well as harnessing analytics software e.g. PMS such as info

Other Responsibilities
• Reconcile trade payable aging
• Post payroll journal into PAYE, PSA and pension
• Attend P&L reviews with hotels team and GMs
• Finalise cost forecast with GM and Cluster team
• Review accuracy of invoices from procurement PW/Adecco into NetSuite
• Full ownership of Procure to pay ("P2P") process

Skills And Qualifications
• Proficient in Microsoft Office, particularly Word, Excel and PowerPoint
• Advanced Microsoft Excel skills.
• Demonstrable experience of building complex reports in Excel.
• Qualified accountant (ACA, ACCA, CIMA, or equivalent) or studying towards recognised accounting qualification with at least five years’ experience
• Experience of developing and completing analysis projects
• Experience presenting analysis and driving actions from insights
• Knowledge of using Netsuite or Fairmas or any relevant reporting tool
• Attention to detail, taking ownership for accuracy of output
• Ability to work to tight deadlines and prioritise work effectively
• Excellent communication skills and organised, with attention to detail
• Good understanding of hospitality commercial analysis and statistics
• Exposure to Hospitality industry will be beneficial
• Experience of creating, recording, maintaining controls and governance eg P2P (procure to pay), R2R (record to report) and O2C (order to cash)

At the Sutton Hotel Collection, we are an inclusive, natural, generous, ethical and diverse group of people, we celebrate human relationships and kinship. We enable our people, to make the place.

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