GROUP FINANCIAL CONTROLLER – HOSPITALITY

Brands: Slumber Party Hostels | Bodega Hostels | Socialtel
Department: Finance & Accounting
Industry: Hostels | Hotels | Lifestyle Hospitality | Travel & Tourism
Employment Type: Full-Time
Location: Bangkok, Thailand, with travel to properties as required
Reports To: Group Finance Director / Chief Financial Officer

ABOUT THE ROLE

We are seeking an experienced Group Financial Controller to oversee financial control, accounting, reporting, budgeting, and financial performance across Slumber Party Hostels, Bodega Hostels, and Socialtel.

This is a group-level leadership position responsible for ensuring accurate and timely financial reporting, strong internal controls, effective cash flow management, financial compliance, and consistent accounting standards across a multi-property hospitality portfolio.

The successful candidate will work closely with Group Finance, Operations, Property General Managers, and Department Heads to strengthen financial governance, improve profitability, manage operating costs, and support strategic business decisions.

We are looking for a hands-on finance leader who combines strong technical accounting expertise with a practical understanding of hostel operations, high-volume F&B, bars, events, tourism-driven businesses, and lifestyle hospitality.

KEY RESPONSIBILITIES

1. Group Financial Control & Reporting

• Oversee accounting operations and financial control across all properties and business entities within the group.

• Ensure timely, accurate, and consistent monthly, quarterly, and annual financial reporting.

• Review property-level profit and loss statements, balance sheets, cash flow statements, and supporting schedules.

• Consolidate financial results across brands, properties, and legal entities.

• Monitor financial performance against budgets, forecasts, prior periods, and business targets.

• Ensure consistent application of accounting policies, financial procedures, and group reporting standards.

• Prepare financial analysis and management reports for senior leadership.

• Coordinate month-end and year-end closing processes and ensure reporting deadlines are met.

2. Budgeting, Forecasting & Financial Planning

• Lead the annual budgeting process and periodic financial forecasting across the group.

• Work with General Managers and Operations teams to develop realistic property budgets and business plans.

• Analyze revenue, operating expenses, payroll, cost of sales, and profitability.

• Conduct variance analysis and investigate significant deviations from budget or forecast.

• Identify opportunities to improve gross operating profit, EBITDA, cash flow, and property-level profitability.

• Support financial modelling, business planning, and feasibility analysis for new properties, renovations, and expansion projects.

3. Property-Level Financial Performance

• Partner with Property General Managers to monitor and improve financial performance.

• Analyze key hospitality metrics, including occupancy, Average Daily Rate (ADR), Revenue per Available Room (RevPAR), revenue per available bed, F&B revenue, and departmental profitability.

• Monitor revenue streams across accommodation, bars, restaurants, events, activities, and other ancillary services.

• Review labor costs, food and beverage costs, commissions, operating expenses, and departmental spending.

• Identify revenue leakage, cost inefficiencies, unusual transactions, and opportunities for operational improvement.

• Translate financial data into practical recommendations for property management and operational teams.

4. Cash Flow, Treasury & Working Capital

• Monitor group cash positions, liquidity, working capital, and short-term cash flow requirements.

• Oversee cash flow forecasting and coordinate funding requirements with Group Finance.

• Monitor bank balances, payment schedules, receivables, payables, deposits, and outstanding liabilities.

• Strengthen controls over cash handling, petty cash, banking, payment approvals, and financial transactions.

• Monitor supplier payments and ensure appropriate approval processes are followed.

• Identify potential liquidity risks and escalate material concerns to senior management.

• Support banking relationships, payment processes, and treasury activities as required.

5. Revenue Assurance & Internal Controls

• Establish and maintain effective financial controls across all properties and business units.

• Oversee revenue reconciliation between property management systems (PMS), point-of-sale systems (POS), online travel agencies (OTAs), booking platforms, payment gateways, and accounting systems.

• Review room and bed revenue, cash collections, credit card settlements, commissions, refunds, discounts, complimentary transactions, and other adjustments.

• Monitor revenue recognition, deposits, advances, cancellations, no-shows, and outstanding guest balances.

• Ensure proper inventory controls for F&B, bars, merchandise, and operating supplies.

• Conduct periodic financial and operational audits to identify control weaknesses, fraud risks, and revenue leakage.

• Develop corrective action plans and monitor implementation across properties.

6. Accounting, Tax & Statutory Compliance

• Ensure compliance with applicable accounting standards, tax regulations, statutory reporting, and financial filing requirements in Thailand and other relevant jurisdictions.

• Oversee VAT, withholding tax, corporate income tax, and other applicable tax obligations in coordination with internal teams and external advisors.

• Coordinate internal and external audits and ensure financial records are complete, accurate, and properly documented.

• Maintain appropriate financial records, supporting documentation, and audit trails across group entities.

• Ensure intercompany transactions, reconciliations, and balances are properly recorded and reviewed.

• Support entity-level financial compliance and reporting requirements across different markets.

7. Systems, Processes & Financial Governance

• Review and improve accounting procedures, financial workflows, approval matrices, and internal control frameworks.

• Ensure effective integration and reconciliation between PMS, POS, payment platforms, and accounting or ERP systems.

• Standardize financial reporting templates, month-end procedures, and property-level controls across the portfolio.

• Improve financial data accuracy, reporting efficiency, and visibility of key performance indicators.

• Identify opportunities to automate repetitive finance processes and strengthen management reporting.

• Ensure financial policies and procedures are communicated and consistently applied across properties.

8. Team Leadership & Business Partnership

• Lead, supervise, and develop finance and accounting teams across the group and its properties.

• Establish clear responsibilities, reporting deadlines, performance expectations, and development plans.

• Work closely with General Managers, Operations, HR, Procurement, and Commercial teams to improve financial discipline.

• Train non-finance managers to understand budgets, P&L reports, cost control, and key financial indicators.

• Provide actionable financial insights to support business decisions, expansion, and operational improvement.

• Promote accountability, transparency, and a strong financial control culture throughout the organization.

REQUIREMENTS

• Bachelor's degree in Accounting, Finance, or a related discipline. A professional qualification such as CPA, ACCA, or equivalent is an advantage.

• Minimum 8–10 years of progressive experience in finance and accounting, with significant experience in financial control or financial management.

• Previous experience as a Group Financial Controller, Financial Controller, Cluster Financial Controller, Group Finance Manager, or Director of Finance.

• Strong experience overseeing multiple properties, business units, legal entities, or geographically distributed operations.

• Hospitality finance experience is strongly preferred, particularly within hostels, hotels, resorts, restaurants, bars, or lifestyle hospitality businesses.

• Strong technical knowledge of financial reporting, consolidation, budgeting, forecasting, cash flow, taxation, and internal controls.

• Demonstrated ability to analyze property-level P&L performance and work directly with General Managers and Operations teams.

• Experience with revenue reconciliation, cash controls, inventory controls, and hospitality systems such as PMS, POS, and accounting or ERP platforms.

• Strong knowledge of financial compliance and statutory reporting requirements in Thailand; exposure to multi-country operations is an advantage.

• Advanced Microsoft Excel skills and experience with financial reporting and analysis tools.

• Excellent analytical, organizational, problem-solving, and stakeholder management skills.

• Strong English communication skills and the ability to work effectively with multicultural teams.

• Willingness to travel to properties when required.

IDEAL CANDIDATE PROFILE

The ideal candidate is a commercially minded finance professional who can operate at both group financial governance and property-level operational control.

They should be comfortable consolidating multi-property financial results while understanding the practical realities of hostel and lifestyle hospitality operations, including fluctuating occupancy, seasonal demand, OTA commissions, cash-intensive bars, F&B inventory, events, and multiple revenue streams.

Experience supporting multi-property expansion, new openings, financial restructuring, or operational turnaround initiatives would be an advantage.