Director of Finance

IRIS Corporate Solutions Private Limited.
  • Hyderabad, Jaipur
  • 15-25 lakh
  • 10-17 years
  • 10 Mar 2015

  • Senior Management-Finance

  • Travel/ Tourism
Job Description

To know all terms and conditions of the management agreement and to ensure that they are adhered to.
To maintain, complete and supported accounting records of the hotel as per the Companys policies and procedures.
To implement local accounting procedures to ensure compliance with local government regulations, after approval from the area and/or corporate offices.
To prepare and interpret the financial statements and reports of the hotel.
To audit the accounts, records and transactions of the hotel, aided by ongoing efforts to streamline internal control procedures.
To assist in compiling, together with the General Manager and Heads of Division, all budgets and forecasts covering all activities of the hotel and to maintain all budget control procedures.
To assist in the administration of credit and collection procedures.
To implement all necessary controls in order to safeguard the assets of the hotel and to maintain records for the fixed assets, operating equipment, supplies and inventories.
To ensure that hotel expenses are minimized through the use of effective purchasing and by obtaining the most competitive prices for goods and services.
To understand hotel tax obligations,
To obtain the requisite government licenses and approvals for the operation of the hotel
To review and ensure proper procedures and controls of purchasing, receiving, storing and requisitioning functions, i.e. Materials Management functions.
To liaise with both internal and external auditors in compliance with the Companys requirements.
To administer the legal aspects in compliance with the Companys requirements and the law.
To keep and safeguard all contracts, leases, insurance policies, licenses, and all legal and financial documents.
To administer hotel insurance matters in conjunction with the locally appointed insurance agent.
To assist the General Manager in the compilation of all departments written policies and procedures into the hotels own in-house policy manual

To ensure that the Departmental Operations Manuals are prepared and updated annually
To ensure that all financial, legal and insurance records and files are maintained according to the established standards computerized where possible.
To ensure that all meetings are well planned, efficient and result oriented.
To ensure that a complete database and library is maintained on all hotel equipment, furnishings, key suppliers, to include catalogues, price lists, reference data, etc.

Personnel Management
To manage the staffing of the Finance and Administration Division,
To maximize productivity and morale by setting goals, providing clear guidelines and by developing team spirit.
To assist in the building of an efficient team of employees through Multi Skilling, Multi Tasking and flexible scheduling and by taking an active interest in their welfare, safety and development.

In the absence of the General Manager ensures the efficient and economic operation of the Hotel providing services and support to other divisions as required.
To prepare the Annual Business Plan in accordance with the guidelines of Hotels India
To carry out any other reasonable duties and responsibilities as assigned

Candidate Profile

Experience & Educational Qualification: In case of Qualified CA, 10+ Years post qualification
In case of Non CA, 15 + years of experience

Must Have Industry Experience:
The latest 5 years experience Must be with HOTEL Industry
Must have worked for at least 3-5 years in the same capacity as Financial Controller with 5* Indian hotels or International branded hotels

Competencies/Skill sets for this job

Financial Legal Budgets Accounting Purchasing Agreement

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