• Support, mentor and develop finance employees for today and the future. • Maintain close relations with hotel’s/resort’s ownership and internal/external auditors and ensure effective action necessary on all agreed upon recommendations. • Deal with all disciplinary and grievance matters in a consistent manner and ensure each issue is appropriately documented. • Conduct effective department meetings; appropriately communicate and complete any action items. • Assist General Manager in establishing policies, rules, internal controls and safeguards. • Continuously deliver the highest level of product with respect to financial reporting and analysis, internal control compliance and business management. Ensure this is done with both integrity and accuracy. • Ensure that bank accounts are opened in consultation with owners with a bank of strong financial standing and if local rating services are available, they should be utilized for verification of financial strength. • Ensure the preparation of a comprehensive monthly report of the entire financial results of the hotel in established corporate formats and in accordance with generally accepted accounting principles • Monitor the status of Accounts Receivable aging and billing collections to achieve company standards. • Maintain files on all contracts, leases and agreements and ensure compliance with their requirements; ensure proper authorization has been obtained for all hotel specific contracts (including Engineering), leases and other agreements and competitive bids are on file where applicable and reviewed prior to execution of contract. • As applicable, ensure compliance with all loan covenants and the balance of long-term debt is accurate and agrees to all supporting documentation and verified when payments are made. • As appropriate, based on the hotel's accounting on behalf of owners, interest accruals on long-term debt may be recorded on the hotel's books; the Financial Controller should ensure accuracy of the unpaid balance and applicable interest rate, and accrue the expense to the Interest Expense line item and record the corresponding liability in the Accrued Interest liability account. • Ensure that monthly reconciliations for all balance sheet accounts are prepared and signed off on in accordance with policy. • Review and sign off on all bank reconciliations monthly, paying special attention to reconciling items. • Continuously strive for improvement of processes and efficiency. • Monitor, control and record all sales, purchases, salaries and expenses of the hotel. • Closely monitor and effectively manage labor costs; plan vacations effectively and ensure proper service levels are provided with the labor standards, while minimizing OT. Comply with applicable Employment Laws. • Prepare forecasts and budgets as required locally, by corporate office or Management Agreement. • Review the cash position of the hotel on a daily basis in order to optimize the use of funds.
The Indian Hotels Company Limited (IHCL) and its subsidiaries, bring together a group of brands and businesses hat offer a fusion of warm Indian hospitality and world-class service. These include Taj – the hallmark of iconic hospitality, SeleQtions with its curetted and eclectic set of experiences, Vivanta with its collection of sophisticated upscale hotels, and Ginger which is revolutionizing the lean luxury segment.- Details on the company can be found on www.theindianhotels.com
Master's or Equivalent
