Finance Executive

The Indian Hotels Company Limited (IHCL); Shimla district; On-site; INR 900,000 - 1,300,000; Full time

Job summary

IHCL, part of the Tata Group, invites applications for a Finance professional to manage revenue accounting and profitability analyses across hotel operations.

The role focuses on reconciling revenue records, producing daily to monthly financial statements, and ensuring compliance with GST and tax obligations while collaborating with multiple departments to support accurate month-end closes.

Qualifications

• B Com or MCom in Finance.
• 5–7 years of work experience in finance and accounting.
• English language proficiency.
• Knowledge of GST, TDS, and statutory compliance.

Responsibilities

• Manage revenue records and ensure accurate accounting across rooms, F&B, and services.
• Prepare daily, weekly, and monthly financial and operational reports.
• Reconcile PMS, POS, inventory, bank receipts, and ledgers.
• Audit daily revenue and verify discounts, credits, and rebates for proper authorization.
• Monitor payables and receivables, ensuring timely collections and payments.
• Support month-end close and collaborate with Operations, Purchasing, Stores, Sales, and Finance.
• Ensure compliance with GST, TDS, internal controls, and audit standards.
• Prepare reports like DRR, aging and cost reports.

Skills

Process Excellence

Result Orientation

Collaborative Engagement

Change Championship

Growth Mindset

Guest Centricity

Personal Effectiveness

Education

B Com / MCom 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

1. Manage accounts payable and receivable processes, ensuring accurate recording of invoices, payments, receipts, and customer billings.
2. Verify, reconcile, and maintain vendor, customer, and ledger accounts, resolving discrepancies promptly.
3. Monitor outstanding payables and receivables, ensuring timely collections and vendor payments.
4. Audit daily revenue from Rooms, F&B, and other operating departments to ensure accuracy and completeness of reporting.
5. Review discounts, voids, rebates, complimentary transactions, and credit notes for proper authorization and compliance.
6. Conduct F&B cost analysis, inventory controls, stock reconciliations and variance investigations to minimize wastages and revenue leakage.
7. Reconcile PMS, POS, inventory systems, bank receipts, and financial records to ensure accurate financial reporting.
8. Prepare daily, weekly, and monthly financial and operational reports, including DRR, aging reports, F&B cost reports, and reconciliations.
9. Ensure compliance with company policies, internal controls, GST, TDS, statutory requirements and audit standards.
10. Coordinate with Operations, Purchasing, Stores, Sales, and Finance teams to strengthen financial controls, improve processes, and support month-end closing activities.

Required Qualifications

B Com/Mcom degree in Finance

Work Experience

5 - 7 Years of experience

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: