Auditor At Philban Consulting
full-time
Job Summary
We are seeking a highly analytical, independent, and detail-oriented Auditor to oversee and evaluate financial and operational controls within our hospitality business.
The Auditor will conduct regular audits of revenue, cash handling, expenses, inventory, procurement, payroll, and other hotel or hospitality operations.
The role will identify financial discrepancies, control weaknesses, compliance issues, and potential risks, while recommending practical improvements to strengthen internal controls and protect company assets.
Key Responsibilities
Financial & Revenue Audit:
Conduct regular audits of daily hotel and hospitality revenue.
Review room revenue, food and beverage sales, events, laundry, spa, and other income streams.
Reconcile revenue reports from POS, property management systems, cashiers, banks, and accounting records.
Review discounts, complimentary services, refunds, voids, cancellations, and adjustments for proper authorization.
Verify cash collections and ensure daily banking is accurate and complete.
Investigate unusual transactions, variances, and revenue discrepancies.
Conduct regular night audits where applicable and review night audit reports.
Internal Controls & Compliance:
Evaluate the effectiveness of financial and operational internal controls.
Identify control weaknesses, financial risks, fraud indicators, and process inefficiencies.
Ensure departments comply with established company policies and procedures.
Review authorization processes for purchases, payments, refunds, discounts, and expenses.
Recommend improvements to strengthen internal controls and reduce financial losses.
Follow up on previously identified audit findings to ensure corrective actions are implemented.
Inventory & Cost Audit:
Conduct periodic audits of food, beverage, housekeeping, engineering, and other inventories.
Participate in physical stock counts and reconcile physical quantities with system records.
Review stock movements, wastage, spoilage, transfers, and adjustments.
Analyze food and beverage cost percentages and investigate unusual variances.
Review purchasing and receiving procedures to ensure goods are properly authorized, received, recorded, and accounted for.
Identify potential leakage, theft, wastage, and unauthorized stock usage.
Accounts & Financial Records:
Review general ledger transactions and supporting documentation.
Audit accounts payable and accounts receivable records.
Verify supplier invoices, purchase orders, receipts, and payment documentation.
Perform bank, cash, and ledger reconciliation reviews.
Review payroll records and supporting documentation where required.
Assist with month-end and year-end audit activities.
Operational Audit:
Conduct audits across departments including Front Office, Food & Beverage, Housekeeping, Procurement, Stores, and Administration.
Assess compliance with standard operating procedures.
Review operational processes for efficiency, accuracy, and financial accountability.
Identify opportunities to reduce costs and improve profitability.
Report significant operational and financial risks to management.
Reporting:
Prepare clear and accurate audit reports detailing findings, risks, and recommendations.
Maintain proper audit working papers and supporting documentation.
Present audit findings to management and relevant department heads.
Track management responses and agreed corrective actions.
Provide periodic reports on audit activities, recurring issues, and control improvements.
The Auditor will work closely with:
General Manager
Financial Controller / Finance Manager
Accountants and Finance Team
Front Office
Food & Beverage
Procurement
Stores
Housekeeping
Human Resources
Operations Management
External Auditors
Key Performance Indicators (KPIs)
Timely completion of scheduled audits.
Accuracy and quality of audit reports.
Identification and reduction of revenue leakages and financial discrepancies.
Timely follow-up and resolution of audit findings.
Improvement in internal control compliance.
Reduction in inventory variances, wastage, and unexplained losses.
Effectiveness of recommendations implemented by management.
Compliance with company policies and applicable financial regulations.
Working Relationships
Qualifications & Experience
Bachelor's degree or HND in Accounting, Finance, Auditing, Economics, or a related field.
Minimum of 2 - 5 years of relevant audit experience, preferably within the hospitality industry.
Experience in a hotel, resort, restaurant, event center, or similar hospitality environment is highly desirable.
Professional qualification or part-qualification with ICAN, ACCA, CIA, or another recognized accounting/auditing body is an advantage.
Good knowledge of accounting principles, internal controls, and audit procedures.
Experience with accounting software, POS systems, and hotel/property management systems is an advantage.
Strong Microsoft Excel skills.
Key Skills & Competencies:
Excellent analytical and investigative skills.
Strong attention to detail and accuracy.
High level of integrity, confidentiality, and professional independence.
Strong understanding of internal controls and risk management.
Ability to identify irregularities and investigate discrepancies.
Excellent report-writing and communication skills.
Good numerical and problem-solving abilities.
Ability to work independently and meet deadlines.
Strong interpersonal skills and the ability to work effectively with different departments.
Willingness to work flexible hours, including weekends or night shifts, where required.