Finance Manager

The Shepherd Mayfair; Greater London; On-site; GBP 50,000; Full time

Benefits

£50,000 per annum plus Service Charge and Bonus

Hotel discounts across all Axiom Hospitality hotels

28 days holiday, increasing to 33 days

Discounts across retail, restaurants, events, and more

Access to Employee Assistance Line

Use of Wagestream Financial Wellbeing platform

Yearly complimentary stay after one year of service

Rewards for referring a friend

Length of service awards

Job summary

A premier hotel in London is seeking a Finance Manager to lead its finance function. The ideal candidate will manage financial records, oversee P&L and balance sheet reconciliations, and ensure timely financial reporting. Additionally, responsibilities include payroll administration, managing vendor payments, and adhering to financial control protocols. This role offers a competitive salary, hotel discounts, and opportunities for career progression within a global hospitality firm.

Qualifications

• Proven experience in financial management in the hospitality sector.
• Strong understanding of P&L, balance sheets, and audits.
• Experience with payroll administration and bank reconciliations.

Responsibilities

• Manage all financial records and reporting for the hotel.
• Prepare monthly financial reports and document reconciliations.
• Oversee payroll administration and vendor payment processes.

Skills

Financial management

Accounting principles

P&L reconciliation

Attention to detail

Communication skills

Education

Degree in Finance or Accounting

Tools

Axiom Hospitality accounting system

Excel

Job description

We are currently recruiting for a Finance Manager to join our team.

As a Finance Manager, you will lead and be fully responsible for the finance function of the hotel.

What we offer

• £50,000 per annum plus Service Charge and Bonus

Responsibilities of the Finance Manager will include but are not limited to:

• Being responsible for the maintenance of the financial records of The Shepherd Mayfair
• Responsible for preparation of detailed P&L and Balance sheet reconciliations and owners pack, monthly financial report submission etc.
• Responsible for ensuring P&L is produced within strict timelines.
• Reconciling the daily revenue sheets to the banking and identify any differences and address with relevant departments.
• Preparing weekly revenue sheets to distribute to all relevant persons and Axiom Hospitality
• Preparing weekly bank reconciliations.
• Assist with monthly payroll administration as required, including chairing a weekly payroll meeting with Guidance Team
• Control and prepare the weekly cost management report and daily flash.
• Ensuring control of the hotels’ sales ledger, ensuring that all invoices, receipts, BACS payments etc. are correctly posted to the system.
• Lead The Shepherd Mayfair and Axiom’s Credit policy and chair a monthly Credit meeting with the Hotel team. Be relentless on the Hotel’s credit policy and robustly with the support of the Hotel’s Guidance team investigate chargebacks in a timely manner.
• Undertaking sales ledger end-of-month procedures, sending statements to debtors, producing reports required by Axiom Hospitality
• Checking all travel agent commission claims with reservations and resolving any queries with the agent concerned
• Checking all purchase invoices are posted to accounting system in a timely manner and ensure the approval procedures are followed
• Maintaining a record of all purchase invoices, responding to all PO queries, and also controlling the purchase spending in line with the hotel’s budget.
• Responsible for all supplier payments twice a month.
• Producing any other ad-hoc reports that may be requested.
• Audit the processes of Goods Deliveries | Acceptance ensuring their accuracy – recording, reporting etc
• Ensuring the accuracy of all nominal accounts sent by Axiom Hospitality on a monthly basis and resolving any queries.
• Play an active role in the monthly Stock taking with specific focus on beverage. Analysis of the results, report and support the Food and Beverage Leaders in their processes.
• Ensure that the Petty Cash policy is adhered to including conducting weekly audits.
• Co-ordinate the preparation for each new [ next] Financial Years budget and take the lead on coordinating with the various responsible Head of Departments and ensuring the submission deadlines are met

You must have the right to work in the UK to be eligible for this role. Documented evidence of eligibility will be required from all candidates prior to commencing employment.

Having these core skills will put you one step further to joining Axiom Hospitality and The Shepherd Mayfair.

• Hotel discounts across all Axiom Hospitality hotels - colleague rates and up to 50% discount on F&B;
• 28 days holiday, including bank holidays, increasing yearly to 33 days;
• Discounts across retail, restaurants, events and more through our benefits & rewards portal;
• Access to our Employee Assistance Line to support your Mental Health and Wellbeing;
• Use of Wagestream Financial Wellbeing platform, allowing instant access to your pay;
• Yearly complimentary Axiom Xcape stayover after one year of service;
• A growing team with great training, progression, and promotion opportunities;
• Rewards for referring a friend: referral bonus for recommending a new team member starts at £250 per successful hire;
• Length of service awards, ranging from 1 year to 3, 5, 10 and 20-year rewards and more!

Opportunities for all

At Axiom Hospitality, we thrive on differences and believe it is critical to our success as a fast-growing hospitality company with global aspirations. We are proud to be an equal-opportunity workplace that seeks to recruit, develop, and retain the most talented people from various backgrounds, perspectives, and skills. We, therefore, encourage applications from all genders, races, religions, ages, and sexual orientations, as well as parents, veterans, people living with disabilities, and any other groups that could bring diverse perspectives to our business.

At Axiom Hospitality, we are making efforts to reduce our carbon, energy, water and waste footprint. We strive to be ethical in all we do and want to be a thriving, sustainable and responsible business for our people, our communities and our planet. Working closely with our Hotel Owners, we are committed to the journey to sustainability. In addition, we are working to reduce our hotels’ impact on the environment through internationally recognised eco-label certification.

Our hotels strive to be active members of their local communities by giving back where they can. Supporting local charities is important to our teams, from volunteering at soup kitchens to collecting donations and fundraising. Our hotels aim to leave a positive impact on their neighbourhoods. At Axiom Hospitality, we are working closely with our stakeholders to support our social impact commitment. Caring about people extends outside our business and is part of our DNA.