Job Description
The Financial Controller is a key, hands-on role responsible for overseeing the day-to-day accounting and financial reporting for The Ivy Hotel, Magdalena, and the Spa. Working closely with the General Manager, Managing Director, ownership, and department heads, the Controller ensures that financial information is accurate, timely, and useful in guiding the operation.
This is an onsite, part-time position of approximately 20–25 hours per week. The schedule offers some flexibility but must accommodate month-end close, payroll, reporting deadlines, and other time-sensitive needs.
Responsibilities
- Oversee accounting and financial reporting for The Ivy Hotel, Magdalena, and the Spa
- Manage the monthly close and prepare accurate, timely financial statements and management reports
- Prepare and review monthly profit and loss statements, balance sheets, cash-flow reporting, and departmental financial results
- Maintain the general ledger and ensure transactions are accurately recorded, properly supported, and appropriately coded
- Complete and review bank, credit card, merchant processor, and balance sheet reconciliations
- Oversee accounts payable, accounts receivable, cash receipts, deposits, and payment processing
- Review payroll entries, labor reporting, benefit allocations, and related reconciliations
- Verify hotel, restaurant, and spa revenue reporting and investigate discrepancies
- Maintain accurate accounting for guest deposits, gift certificates, prepaid expenses, accrued expenses, fixed assets, and deferred revenue
- Monitor cash flow and maintain effective cash-control procedures
- Prepare and file local taxes and ensure compliance with sales and use, occupancy, personal property, and other applicable tax requirements
- Assist with annual budgets, forecasts, and financial projections
- Provide ownership and management with financial analysis related to revenue, labor, cost control, and operating performance
- Identify opportunities to strengthen financial controls, reduce costs, and improve profitability
- Maintain appropriate accounting policies, procedures, and internal controls
- Coordinate internal, external, and regulatory audits
- Serve as the primary liaison with outside accountants, tax advisors, banks, insurance providers, and other financial partners
- Support management, ownership, and department heads in meeting the property’s financial and strategic goals
- Complete additional accounting and financial projects as needed