Finance Executive

Indian Hotels Company (IHCL); Karnataka; On-site; INR 300,000 - 540,000; Full time

Job summary

Indian Hotels Company Limited (IHCL) is seeking a Finance professional to manage revenue accounting and reporting within our hospitality group. The role emphasizes accurate recording of room and F&B revenues, daily and monthly reporting, and ensuring revenue integrity across PMS and GL systems.

The successful candidate will have a B Com or MCom in Finance and 1-2 years of relevant experience, with strong English communication and collaboration skills across finance functions.

Qualifications

• Must hold a B Com or MCom in Finance with a strong grounding in financial accounting.
• Experience in revenue accounting and reporting is preferred.
• Proficient English communication and ability to collaborate with internal teams.

Responsibilities

• Accurately record room revenue, F&B revenue, and other services in the accounting system.
• Prepare daily/ monthly sales reports and financial statements for management.
• Validate room rates against reservations and ensure GL postings match PMS data.
• Review rebate, discount, and house-use reports and ensure proper approvals for revenue adjustments.
• Compile monthly MIS packs and Daily Sales Reports (DSR) for management review.
• Coordinate with housekeeping and front office to reconcile room status and availability.

Skills

Process Excellence

Result Orientation

Collaborative Engagement

Growth Mindset

Guest Centricity

Education

B Com/MCom degree in Finance

Job description

About IHCL

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.

Careers at IHCL

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.

Job Objective

To provide the revenue figures necessary for determining the individual profit center's profitability, which includes reconciling and monitoring revenue records and following internal procedures to ensure the company complies with all tax obligations.

Essential Job Tasks

Ensure that all revenue transactions, such as room revenue, food and beverage sales, and other services, are accurate and recorded in the accounting system, and create daily and monthly sales reports, as well as financial statements, for management.

Areas of Responsibility

• Properly check and finalize the daily room revenue report.

• Ensure market segmentation correctly reflects the source of business and is accurately reflected in the GL.

• Verify the room rate with agreements or reservations, check allowance for room revenue, and ensure room revenue as per PMS is corrected in the GL.

• Check the rebate report, discount report, complimentary and house use report, no-show postings, late check-outs, etc., to ensure that every complimentary room, house-use room, discount, or rebate of revenue has adequate explanation in the approval form.

• Prepare monthly reports and schedules as part of the monthly MIS pack and financials.

• Prepare the DSR on a daily basis.

• Ensure control to report any discrepancies between housekeeping and front office room status. The total rooms available for sale should agree with the contracted rooms available.

Required Qualifications

B Com/Mcom degree in Finance

Work Experience

1-2 Years

Languages Needed in Position

English

Key Interfaces- External

Consultants

Key Interfaces- Internal

Finance functions and compliances

Behavioural Competencies

Process Excellence
Result Orientation
Collaborative Engagement
Change Championship
Growth Mindset
Guest Centricity
Personal Effectiveness

Equal Opportunities Employment at IHCL

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.