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Manage all finance and accounting functions of the hotel to maximize profitability and ensure financial reporting norms are met. Oversee budgeting, statutory compliance, and the implementation of company accounting policies and risk control management.
Requires a Chartered Accountant (CA) or a postgraduate degree in Commerce or Finance (M.Com/MBA). Candidates must have 14 to 18 years of relevant professional experience.
Indian Hotels Company Limited (IHCL) is a part of the Tata Group and is one of South Asia's largest and most iconic hospitality companies. With a legacy of over 120 years, we are dedicated to delivering exceptional experiences to our guests through our diverse portfolio of hotels, resorts, and palaces.
At IHCL, we believe our employees are our greatest asset. We are committed to fostering a dynamic work environment that encourages innovation, collaboration, and personal growth. Join us in creating memorable experiences and shaping the future of hospitality. Explore exciting career opportunities with us and be a part of a vibrant team that values passion, excellence, and diversity.
To manage all aspects of the finance and accounting functions of the hotel, maintain the financial reporting norms with a view to maximize profitability and achieve desired financial results. Ensure the implementation of the company's accounting policies and processes, RCM (Risk Control Management), and compliance with taxation, commercial, and statutory norms.
• Implementation of the company's accounting policies and processes.
• RCM - Risk Control Management.
• Complying with taxation, commercial, and statutory norms.
1. Budgeting and Planning
- Guide and direct the budgeting process for Capital Expenditure and Operational performance for the year, with revenue projections duly aligned with business strategy, justifying each and every cost head.
- Assist in strategy formulation for the hotel to achieve greater profitability.
- Implement budgetary control to ensure desired financial performance with an emphasis on profit maximization and cash flow through revenue enhancement and strict expenditure controls.
- Set specific targets for inventory, debtors, and creditors levels, with periodic ageing reviews to keep them at minimum levels.
- Lead the development and implementation of a comprehensive annual business plan, aligned with the company’s and brand’s strategic direction.
- Analyze financial data and market trends.
- Provide analytical support during budget reviews to identify cost-saving and productivity opportunities for property managers.
- Produce accurate forecasts that enable operations to react to changes in the business.
2. Financials and Reporting
- Assume responsibility for preparing and presenting all MIS reports to develop a more informative database for improved management decision-making and critical evaluation of activities.
- Monitor cost and profit performance of all departments regularly and provide recommendations/suggest corrective actions.
- Ensure the daily and monthly FC checklist is diligently filled, and all tasks are completed within timelines.
- Inform and advise department heads in areas of financial performance, cost-benefit analysis, and cost management.
- Reconcile the balance sheet to ensure account balances are supported by appropriate documentation in accordance with organizational policies.
- Ensure compliance with management contract and reporting requirements.
3. Audit & Statutory Compliance
- Review audit findings - Safety/Hygiene and TPAM (Taj Positive Assurance Model) and take corrective measures to ensure full compliance.
- Set up a review system to comprehensively cover all areas of financial performance and statutory compliance.
- Prepare internal audit checklists as per IHCL Safety Guidelines.
- Adhere to all departmental legal compliances.
- Ensure that the terms of the operating agreement with partners are duly complied with in all respects.
- Implement the latest amendments in commercial laws, tax structures, and other developments in the financial world, ensuring all litigations are handled diligently in line with corporate guidelines.
- Ensure the timely deposition of all taxes and statutory dues and the filing of all returns within due dates.
- Ensure compliance with all statutory and internal audit procedures, and implement corrective actions as indicated by audit observations.
Chartered Accountant (CA), Masters in Commerce or Finance (M.Com./MBA) or equivalent.
14 - 18 Years.
English
Vendors, Law Firms and Others
Finance function, business development, compliance and internal audit
At IHCL, we celebrate diversity and are committed to creating an inclusive environment for all employees. We are proud to be an equal opportunity employer and do not discriminate based on race, color, religion, gender, sexual orientation, age, national origin, disability, or any other status protected by applicable law. We encourage all qualified individuals to apply and join our team, where every voice is valued and respected.
South Asia's Largest Hospitality Company
The Indian Hotels Company Limited (IHCL) and its subsidiaries bring together a stellar ensemble of brands and ventures, masterfully combining the warmth of Indian hospitality with unparalleled global excellence. At the forefront is Taj, an iconic brand for the world’s most discerning travellers, recognised not only as India’s Strongest Brand across all sectors for an unprecedented fourth time but also as the World’s Strongest Hotel Brand for the third consecutive year in 2024 by Brand Finance. Complementing this legacy are other IHCL brands - SeleQtions, a handpicked collection of distinctive hotels; Gateway Hotels and Resorts, that offer culturally infused spaces that echo the essence of their destinations; Vivanta, a sophisticated portfolio of upscale hotels that celebrate the art of living; Ginger, a trailblazer in the lean luxe segment; Tree of Life, a boutique collection of resorts in offbeat destinations, where nature meets luxury, and Amã stays & trails, a charming portfolio of private bungalows and villas set in picturesque locales. Founded by the visionary Jamsetji Tata, the esteemed founder of the Tata Group, IHCL unveiled its flagship property, The Taj Mahal Palace, in Bombay in 1903. Today, IHCL commands an illustrious portfolio of more than 335 hotels in over 150 locations, spanning four continents and 12 countries. As the leader in market capitalisation within India’s hospitality industry, IHCL is prominently listed on both the BSE and NSE, reinforcing its position as a global hospitality titan.
Offices: Barrister Rajni Patel Road, Mumbai, Maharashtra 400021, IN · Goa, IN · Trivandrum, Kerala , IN · Chikmagalur, Karnataka , IN · Alibag, Maharashtra , IN
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