Credit Manager

InterContinental Hotels Group; Bengaluru; On-site; INR 900,000 - 1,200,000; Full time

Benefits offered by this job

Uniform provided

Room discount

Superb training

Job summary

InterContinental Hotels Group is seeking a Credit & Collections Manager in Bengaluru to enforce credit policies, manage accounts receivable, and drive collections to maximize profitability. The role involves close liaison with the Director of Finance and Business Support and ongoing preparation of month-end financial analyses.

You will lead a team, review aged trial balances, and participate in monthly credit meetings, with a focus on accurate reporting and adherence to IHG standards and local

Qualifications

• Bachelor’s degree or equivalent in Accounting or Finance with 1–2 years in hotel finance operations and 1 year in a managerial role.
• Must speak fluent English.
• Experience reviewing and maintaining the Aged Trial Balance of Accounts Receivable.

Responsibilities

• Ensure adherence to the hotel's credit policy.
• Review aged trial balance of accounts receivable and correct postings.
• Monitor the collection of overdue accounts.
• Prepare management reports for month-end analysis.
• Conduct monthly credit meetings with IHG team and discuss concerns.
• Assist in budgeting and management of the department's budget.

Skills

Credit policy adherence

Accounts receivable

Budgeting

Education

Bachelor’s degree in Accounting or Finance

Job description

What is the job

Enforce and maintain credit and collection policies and procedures to maximize hotel profitability through reducing bad debt exposure and improving working capital.

At Holiday Inn we want people who are friendly, welcoming and full of life; people who are always finding ways to make every guest’s experience an enjoyable one.

Financial returns:

• Ensure adherence to the hotel's credit policy
• Reports directly to and communicates with the Director of Finance and Business Support (DOFBS) on all matters pertaining to credit and collection of guest and city ledger accounts
• Liaises closely with the City Ledger Supervisor in reviewing and maintaining the Aged Trial Balance of Accounts Receivable
• Monitors the special billing arrangements for groups and conventions as required to ensure that postings are in line with customer requirements
• Reviews city ledger daily for correct postings of charges and take corrective action where necessary
• Monitor and pursue collection of overdue accounts
• Review bad debts listing monthly to prepare collectability analysis for monthly provision for doubtful debts
• Prepare management reports for month end analysis and provide documentation for credit meeting
• Review provision, write-offs and other adjustments immediately prior to month end
• Conduct monthly credit meeting with relevant IHG team highlighting monthly performance, bad debts, staff accounts outstanding and discuss any accounts causing concern and follow up
• Assists in maintaining and preparing accurate and timely financial and operating information with emphasis on the Aged Trial Balance of Accounts Receivable
• Assists in implementing and maintaining acceptable accounting practices and procedures as required by IHG policies and procedures, generally accepted accounting practices and as affected by local conditions
• Works with Superior in the preparation and management of the department's budget

People:

• Direct day-to-day purchasing activities, plan and assign work, and establish performance and development goals for team members. Provide mentoring, coaching, and regular feedback to help manage conflict and improve team member performance.
• Plan for future staffing needs & Recruit in line with company guidelines
• Prepare detailed induction program's for new staff.
• Actively work at developing your staff and identify high
  potentials
• Maintain training records for all direct reports and ensure
  they do the same for their staff
• Conduct probation and formal performance appraisal in line
  with company guidelines
• Regularly communicate with staff to maintain good relations

Guest experience:

• Cooperates, coordinates and communicates with guests and other departments in matters concerning issuance of credit, follow up outstanding accounts and assisting with credit requirements
• Respond to and resolve account queries in conjunction with accounts receivable
• Assists in control and collection of outstanding guest and city ledger accounts

Responsible business:

• Demonstrate understanding and awareness of all policies and procedures relating to Health, Hygiene and Fire Life Safety
• Familiarize yourself with emergency and evacuation procedures
• Assists in providing safe keeping, including proper storage and access, for all contracts, leases and other financial records

Accountability

This is the important function of interacting with guests and individuals outside the hotel but not limited to, current and potential clients, owning company representatives, suppliers, competitors and other members of the local community.

What we need from you

Bachelor’s degree / equivalent in Accounting or Finance and 1/2 years in hotel finance operations with one year in a managerial role. Must speak fluent English

How do I deliver this?

We genuinely care about people and we show this through living out our promise of True Hospitality each and every day. It’s what connects every colleague in all IHG hotels

• True Attitude: being caring, wanting to make a positive difference, and building genuine connections with guests
• True Confidence: having the knowledge and skills to perform your role, and giving guests the confidence that they can trust you, to help and support them during their stay
• True Listening: focusing on what your guest is saying, picking up on body language that is often overlooked, and understanding what the guest wants and needs
• True Responsiveness: is about providing guests with what they need, and doing so in a timely and caring manner

There’s so much more to the job than we can capture here. It’s simply about creating great experiences, doing the right thing and understanding people.

What we offer

We’ll reward all your hard work with a great salary and benefits – including a uniform, great room discount and superb training.

Join us and you’ll become part of the family – and like all families, all our individual team members share some winning characteristics. As a team, we work better together – we trust and support each other, we do the right thing and we welcome different perspectives. You need to show us you care: that you notice the little things that make a difference to guests as well as always looking for ways to improve - visit www.http://careers.ihg.com to find out more about us.

IHG is an equal opportunity employer

Minorities / Females / Disabled / Veterans.