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Job Title: Finance Controller
Company: The Nare Hotel
Location: Truro
The Nare is an exclusive and privately owned 46-bedroom, five-star country house hotel. Traditionally managed, yet with proprietorial presence and charm, it is considered to be the most comfortable hotel in Cornwall.
The Nare is located in a quiet and secluded bay on the south coast of Cornwall, South West England. Set on the Roseland Peninsula, an Area of Outstanding Natural Beauty, the hotel benefits from spectacular sea views and the natural beauty of the rural landscape.
We are seeking a highly skilled, experienced Finance Controller to join our senior team to oversee financial operations and ensure financial integrity of the hotel. This is an exciting opportunity to work in a rewarding environment while making a significant impact on the hotel's financial performance, focusing on maximising revenue and controlling costs.
Staff benefits:
Generous, non-contractual, tronc gratuities system
Non contractual Seasonal Bonus
Staff meals whilst on duty
Career Development Plan
Discount for you and your family/friends in our restaurants
Service related enhanced Pension contributions
Discount in Carne Bay Spa
Hospitality Action support, available when you need it
Discounted wines
Discounted rates in some of the world’s most exclusive hotels and venues
Job Summary
The Finance Controller is a critical leadership role responsible for overseeing all financial activities of the company. This individual will ensure the accuracy and integrity of financial reporting, manage budgets, implement and maintain strong internal controls, and provide strategic financial guidance to senior management. The Finance Controller will be a key partner in driving the company's financial performance and supporting its growth objectives.
This is a site based role responsible for all financial management and controls.
Reporting structure:
This role reports to the Managing Director and leads a team of three, covering all aspects of finance and purchasing. The role will play a crucial part of assisting the Board, SMT and Heads of Department in the efficient running of the hotel.
Responsibilities
Financial Reporting and Analysis:
- Prepare and present accurate and timely monthly, quarterly, and annual financial statements in accordance with GAAP (Generally Accepted Accounting Principles).
- Analyse financial data to identify trends, variances, and opportunities for improvement.
- Develop and maintain key performance indicators (KPIs) to monitor financial performance.
- Prepare and present financial reports to senior management and external stakeholders.
Budgeting and Forecasting:
- Lead the annual budgeting process and develop accurate financial forecasts.
- Monitor budget performance and provide variance analysis.
- Collaborate with department heads to develop and manage departmental budgets.
Internal Controls and Compliance:
- Develop and implement effective internal control policies and procedures.
- Ensure compliance with all applicable financial regulations and tax laws.
- Manage audits and liaise with external auditors.
- Maintain documentation of all financial policies and procedures.
Cash Management:
- Manage the company's cash flow and ensure adequate liquidity.
- Oversee accounts payable and accounts receivable processes.
- Manage banking relationships and treasury functions.
Team Leadership and Development:
- Lead and mentor the finance team, providing guidance and support.
- Foster a culture of continuous improvement and professional development.
- Conduct performance reviews and provide feedback to team members.
Strategic Financial Planning:
- Provide financial analysis and recommendations to support strategic decisionmaking.
- Evaluate potential investments and acquisitions.
- Contribute to the development of longterm financial plans.
Tax Compliance:
- Oversight and responsibility for all HMRC compliance (VAT, PAYE, Pension, CT61, P11D)
- Stay up to date on changes in tax laws and regulations.
- Work with external tax advisors as needed.
Systems and Technology:
- Maintain and improve financial systems and processes.
- Identify and implement opportunities for automation and efficiency gains.
Systems and Process reviews:
Xero
Dext
Fathom
Approvamax
RMS (front of house system)
Swift.
HOD reporting.
PO to pay training.
General
- Support for the Managing Director with:
Annual insurance renewal.
Utility contract renewals.
- Dividend preparation.
- IT oversight and support.
- Support to HR as required.
- Support to Operations Director & GM as needed.
- Short term cashflow reporting when required
- HOD training on finance matters.
Regular tasks/duties
Weekly:
- Supplier pay run review and approval.
- Review purchasing
Monthly
- Month end close and working papers, including:
- Fixed assets.
- Accruals, inc Holiday pay, Utilities, Hourly staff, Unapproved bills.
- Prepayments.
- RMS control accounts.
- Intercompany accounts.
- PAYE control.
- VAT control.
- Management accounts
- Board.
- Bank.
- GOP (management).
- Payroll:
- Payroll review and approval.
Quarterly
- Oversight of VAT return preparation and submission.
- Prepare for and attendance at Board meeting.
- Formal reforecasting.
Annually:
- Ownership of the budget preparation process (Oct/Nov), including income, payroll and tariff setting with the GM/OD.
- Manage the annual Audit process as main point of contact with Auditors.
- Prepare for year end trust accounts (external).
- Prepare for year end tax returns (external).
Person Specification:
Qualifications, Experience & Skills
Professional finance qualification (ACA, CIMA etc).
Bachelor’s degree educated (preferred).
Substantial and demonstrable experience in a similar role.
Excellent analytical, problemsolving, and decision-making skills.
Strong leadership and communication skills.
Proficiency in financial software and ERP systems
Advanced Excel skills.
Ability to work well under pressure and meet deadlines.
Strong understanding of internal controls.
