Finance Executive

The Indian Hotels Company Limited (IHCL); Mumbai City; On-site; INR 420,000 - 700,000; Full time

Job summary

The Indian Hotels Company Limited (IHCL) in Mumbai is seeking a finance professional to manage revenue reporting for hotel profit centers, reconciling revenue records and ensuring tax compliance. The role focuses on accurate revenue recognition across rooms, F&B, and services.

You will prepare daily and monthly reports, align market segmentation with the GL, verify rates, and maintain MIS packs. The position requires a BCom/MCom in Finance and 1–2 years of experience, with English proficiency

Qualifications

• B Com/Mcom degree in Finance required.
• 1-2 years of work experience in finance or hotel revenue accounting.
• Strong knowledge of financial reporting and MIS.

Responsibilities

• 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

Education

B Com/Mcom degree in Finance

Job description

Job Description:

About IHCL

Indian Hotels Company Limited (IHCL) is a part of the Tata Group and is one of South Asias 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 centers 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.

Requirements: