Director of Finance

The Indian Hotels Company Limited (IHCL); Bengaluru; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

The Indian Hotels Company Limited (IHCL) is seeking a Director of Finance for Taj Exotica Resort & Spa, Bengaluru. This role strategically manages all finance and accounting functions, ensuring policy compliance and driving profitability for the hotel.

The ideal candidate will lead budgeting, forecasting, and cash flow management, advise the GM and executive committee, and oversee audits and statutory tasks to safeguard financial health.

Qualifications

• CA or MBA/ M.Com. or equivalent with finance leadership experience.
• Experience in budgeting, forecasting and cash flow management.
• Ability to oversee audits and statutory tasks.

Responsibilities

• Strategically manages all finance and accounting functions of the hotel.
• Leads budgeting for CapEx and OpEx with revenue projections aligned to business strategy.
• Ensures compliance with accounting policies, RCM and taxation and statutory norms.
• Oversees internal audit processes and statutory tasks in a timely manner.
• Advises GM and executive committee on operating/financial issues.

Skills

Budgeting & Forecasting

Financial Analysis

Strategic Planning

Leadership

Education

Chartered Accountant (CA)

Masters in Commerce/Finance (M.Com./MBA) or equivalent

Job description

Looking for a Director of Finance for our upcoming hotel Taj Exotica Resort & Spa, Bengaluru.

Strategically manages all aspects of the finance and accounting functions of the hotel, maintaining the financial reporting norms with a view to maximize profitability and achieve desired financial results. Ensuring implementation of the company's accounting policies and processes, RCM - Risk Control Management and complying with taxation, commercial and statutory norms.

Qualification:

Chartered Accountant (CA), Masters in Commerce or Finance (M.Com./MBA) or equivalent.

Budgeting & Forecasting :

• Guide and direct the budgeting process for Capital Expenditure and Operational performance for the year with revenue projections duly aligned with business strategy and justifying each and every cost head.
• Assist in strategy formulation for the Hotel in order to achieve greater profitability.
• 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 and periodic ageing review to keep the same at minimum levels.
• Leads the development and implementation of a comprehensive annual business plan which is aligned with the company’s and brand’s strategic direction.
• Analyzes financial data and market trends.
• Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
• Produces accurate forecasts that enable operations to react to changes in the business.
• '*Supervises and approves all accounting transactions on a daily basis and review of daily key reports of payables, receivables and income audit and F&B contol functions for capturing leakages and correcting the exceptions.
• Tracks the status of Legatrix and ensure that all statutory tasks are marked by all functions in a timely manner.
• Oversees internal audit processes.
• Advises the GM and executive committee on existing and evolving operating/financial issues.