Venmac Resources Limited is a hotel management company with an unmatched experience in the hospitality Industry. Over the years we have worked with reputable 3-5 star hotels across the nation, providing business solutions in the hospitality industry, and we have earned ourselves as one of the emerging hospitality management company committed to seeing our...
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Main function:
Assessing internal controls, identifying risks and inefficiencies, investigating potential fraud, and preparing detailed reports with recommendations for management to enhance operational integrity and safeguard assets.
Reports Directly to: Chairman
Key Responsibilities
Responsible for evaluating and improving the hotel's risk management, control, and governance processes by conducting financial and operational audits to ensure compliance with regulations, policies, and standards.
Financial and Operational Audits:
- Conduct thorough audits of financial records, transactions, and operational processes, such as inventory management, guest billing, and cash handling, to ensure accuracy and compliance.
Internal Control Evaluation:
- Assess the effectiveness of internal controls to identify gaps, weaknesses, and inefficiencies, and propose improvements to strengthen them.
Risk Management:
- Identify and assess financial and operational risks, recommending measures to mitigate them and protect 18 hours assets.
Compliance Monitoring:
- Ensure 18 hours adherence to internal policies, industry standards, and applicable external regulations.
Fraud Detection:
- Investigate discrepancies in financial records and processes to detect and prevent fraud or revenue leakage.
Reporting:
- Prepare detailed audit reports outlining findings, risk assessments, and actionable recommendations for senior management.
Recommendation & Implementation:
- Follow up on the implementation of audit recommendations to ensure corrective actions are taken effectively.
Asset Safeguarding:
- Implement procedures to safeguard 18 hours assets and maintain the integrity of financial systems.
SPECIFIC DUTIES & ACTIVITIES
- Check figures, postings, and documents for correctness, mathematical accuracy, and proper record from all the different outlets.
- Audit all the departments, units and outlets to ensure proper control as it relates to finance and inventory.
- Build a strong compliance environment to ensure zero level of policy, procedures and regulatory infractions.
- Examine re-occurring and non-re-occurring expenditures and financial control systems.
- Liaise with the Accountant and GM in harmonizing prices of Food & Beverage products for sale.
- Act as cost controller to allow the company work within its budget.
- Ensuring sales reports and records are accurate and reliable.
- Identifying faulty processes and procedures and give advice on adjustments.
- Preparing Audit Reports and recommendations to the chairman for review.
- Liaising with the General manager and presenting findings and recommendations.
- Work with the Accountant to build strong awareness on all policy and procedure issues; zero tolerance for un-reviewed transactions and income leakages.
- Collating, checking and analyzing stock and purchase items.
- Establish and maintain a database for food and beverage inventory stock including up-to-date pricing.
- Coordinate, attend and monitor all food and beverage physical inventories to ensure accuracy.
- Identify loopholes and recommend risk aversion and cost control measures.
- Any other assigned task by management.
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