Executive / Assistant Manager - Internal Audit

Rosetta Resorts And Holiday Homes; Varca; On-site; INR 600,000 - 900,000; Full time

Job summary

Rosetta Resorts And Holiday Homes in India’s Goa region seeks an experienced auditor to perform comprehensive financial, income, expense, store reconciliation, payroll, and statutory compliance reviews across hotel operations. The role emphasizes BRISOP-aligned processes, vendor and contract audits, and cost-control analysis to sustain rigorous financial integrity.

You will lead audits from planning through reporting, ensuring accuracy in MIS, trial balances, and payments, while upholding

Qualifications

• Experience in hotel industry finance and audits.

Responsibilities

• Conduct in-depth financial audits and analysis across various business operations.
• Ensure compliance with organizational policies and regulatory requirements.
• Identify and mitigate financial and operational risks.
• Monitor and optimize process improvements in income, expenses, payroll, and project management areas to enhance efficiency and accuracy.
• Provide actionable insights and recommendations to management for improved financial control.
• Maintain transparency and integrity in auditing processes while fostering a culture of accountability.
• Analyse debtor aging reports and ensure periodic review by management.
• Verify adherence of all offers of credit, discounts and complimentary are approved by the approving authority as per the BRISOP.
• Perform variance analysis between budgets, actuals, and previous years figures.
• Audit OTA/DTA and Corporate Contracts, rates, and commissions.
• Validate cancellation/refund approval matrices and complimentary service voucher processes.
• Perform detailed variance analysis between budgets, actuals, and previous years figures.
• Review creditor aging reports and ensure they are periodically monitored.
• Audit timely payment processes for MSME vendors.
• Conduct a comprehensive review of MIS, trial balance, and reconciliations for transactions and related-party schedules.
• Verify all documents and certifications related to payments.
• Ensure compliance with statutory requirements, including OTA/DTA contract terms and commission structure audits.
• Ensure effective inventory management and oversee pricing and costing processes.
• Audit rate finalization as per BRISOP.
• Analyze wastages, spoilages, and breakages, ensuring strict controls.
• Verify consumption and sales data against store inventory records.
• Monitor high-consumption and high-cost items for better cost control.
• Conduct in-depth analysis of food cost reports to identify discrepancies.
• Conduct sample payroll audits monthly from each unit.
• Verify leave data, attendance records, and statutory contributions (such as PF, ESIC, etc.) for the sampled employees.
• Audit shared service salary distribution as per the guidelines.
• Verify loans and advances, and review full and final settlements for employees who have left the organization
• Verify GST input credits and contractor-paid GST as per the due dates & GST related compliances for regulation payments.
• Review the adherence to applicable statutory regulations, including ESIC, PF & and other local taxes by verifying contributions, filings, and timely remittances.
• Verify Income Tax compliance, ensuring accurate TDS deductions, timely remittance, and filing of returns.
• Oversee approval of budget and analyse comparative quotation matrices (L1 & L2).
• Ensure alignment of processes with BRISOP guidelines.
• Certify payments and study DCP for approval.
• Monitor clearance of payments and adherence to approving authority guidelines.
• Review comparative quotation matrices (L1, L2, L3 process) for accuracy and necessary cost vs quality optimization.
• Certify RA (Running Account) and ensure timely deduction of advances/materials.
• Oversee Joint Measuring certifications, penalties & deductions before certifying payments for ongoing projects.
• Audit DLP (Defects Liability Period) release as per BRISOP guidelines.
• Maintain and monitor separate contract sheets for labour and materials.
• Ensure NT (Non-Tendered) items are tracked appropriately and the necessary documentation is maintained to eliminate any un-tendered/unplanned expenses.
• Should be from hotel industry

Job description

General Responsibilities:

• Conduct in-depth financial audits and analysis across various business operations.
• Ensure compliance with organizational policies and regulatory requirements.
• Identify and mitigate financial and operational risks.
• Monitor and optimize process improvements in income, expenses, payroll, and project management areas to enhance efficiency and accuracy.
• Provide actionable insights and recommendations to management for improved financial control.
• Maintain transparency and integrity in auditing processes while fostering a culture of accountability.

Specific Responsibilities:

Income Audit

• Analyse debtor aging reports and ensure periodic review by management.
• Verify adherence of all offers of credit, discounts and complimentary are approved by the approving authority as per the BRISOP.
• Perform variance analysis between budgets, actuals, and previous years figures.
• Audit OTA/DTA and Corporate Contracts, rates, and commissions.
• Validate cancellation/refund approval matrices and complimentary service voucher processes.

Expense Audit

• Perform detailed variance analysis between budgets, actuals, and previous years figures.
• Review creditor aging reports and ensure they are periodically monitored.
• Audit timely payment processes for MSME vendors.
• Conduct a comprehensive review of MIS, trial balance, and reconciliations for transactions and related-party schedules.
• Verify all documents and certifications related to payments.
• Ensure compliance with statutory requirements, including OTA/DTA contract terms and commission structure audits.

Store Reconciliation

• Ensure effective inventory management and oversee pricing and costing processes.
• Audit rate finalization as per BRISOP.
• Analyze wastages, spoilages, and breakages, ensuring strict controls.
• Verify consumption and sales data against store inventory records.
• Monitor high-consumption and high-cost items for better cost control.
• Conduct in-depth analysis of food cost reports to identify discrepancies.

Payroll Verification

• Conduct sample payroll audits monthly from each unit.
• Verify leave data, attendance records, and statutory contributions (such as PF, ESIC, etc.) for the sampled employees.
• Audit shared service salary distribution as per the guidelines.
• Verify loans and advances, and review full and final settlements for employees who have left the organization

Statutory Compliance Verification

• Verify GST input credits and contractor-paid GST as per the due dates & GST related compliances for regulation payments.
• Review the adherence to applicable statutory regulations, including ESIC, PF & and other local taxes by verifying contributions, filings, and timely remittances.
• Verify Income Tax compliance, ensuring accurate TDS (Tax Deducted at Source) deductions, timely remittance, and filing of returns.

NC Capex (Non-Project)

• Oversee approval of budget and analyse comparative quotation matrices (L1 & L2).
• Ensure alignment of processes with BRISOP guidelines.
• Certify payments and study DCP for approval.
• Monitor clearance of payments and adherence to approving authority guidelines.

Projects

• Review comparative quotation matrices (L1, L2, L3 process) for accuracy and necessary cost vs quality optimization.
• Certify RA (Running Account) and ensure timely deduction of advances/materials.
• Oversee Joint Measuring certifications, penalties & deductions before certifying payments for ongoing projects.
• Audit DLP (Defects Liability Period) release as per BRISOP guidelines.
• Maintain and monitor separate contract sheets for labour and materials.
• Ensure NT (Non-Tendered) items are tracked appropriately and the necessary documentation is maintained to eliminate any un-tendered/unplanned expenses.

Preferred candidate profile

Should be from hotel industry