Finance Manager

• Oversee all financial transactions and accounting activities of the hotel.
• Maintain accurate books of accounts, ledgers, journals, and financial records.
• Prepare monthly, quarterly, and annual financial statements.
• Monitor the hotel's income, expenses, cash flow, and profitability.
• Prepare annual budgets in coordination with the General Manager and department heads.
• Monitor actual financial performance against budgeted targets.
• Analyse revenue, operating expenses, and departmental profitability.
• Identify opportunities to increase revenue and reduce unnecessary expenses.
• Supervise daily revenue audits for Front Office, Food & Beverage, Banquets, and other revenue-generating departments.
• Verify room revenue, restaurant sales, banquet bills, discounts, and complimentary services.
• Ensure all guest bills are accurate and properly accounted for.
• Reconcile daily revenue reports with the Property Management System (PMS), Point of Sale (POS), and accounting records.
• Investigate discrepancies in revenue and take corrective action.
• Monitor food costs, beverage costs, payroll costs, and operating expenses.
• Coordinate with the Cost Controller, Purchase Department, Stores, Kitchen, and F&B teams.
• Verify purchase orders, supplier invoices, goods received notes, and payment requests.
• Monitor inventory levels and conduct periodic stock audits.
• Prevent wastage, pilferage, fraud, and unnecessary expenditure.
• Supervise supplier payments and ensure timely settlement of outstanding invoices.
• Monitor corporate guest accounts, travel agent payments, credit customers, and company billing.
• Follow up on overdue payments and outstanding balances.
• Verify credit approvals and ensure proper documentation.
• Maintain accurate supplier and customer account reconciliations.
• Monitor daily cash collections, cash deposits, and bank transactions.
• Reconcile bank statements and cash balances.
• Ensure proper cash-handling procedures and internal controls.
• Monitor petty cash transactions and imprest balances.
• Prepare short-term cash flow reports to meet the hotel's financial obligations.
• Ensure timely GST returns, TDS deductions and returns, and other applicable statutory filings.
• Coordinate with auditors, tax consultants, and government authorities.
• Ensure compliance with applicable accounting standards and financial regulations.
• Maintain tax invoices, supporting documents, and statutory records.
• Assist in internal audits, statutory audits, and tax assessments.
• Verify payroll calculations, attendance records, overtime, incentives, and deductions.
• Coordinate with HR to ensure accurate salary processing.
• Monitor manpower costs against approved budgets.
• Ensure applicable PF, ESI, professional tax, and other statutory contributions are handled correctly.
• Establish and monitor financial policies and standard operating procedures.
• Ensure proper authorisation for purchases, discounts, refunds, and payments.
• Conduct periodic financial checks and surprise cash audits.
• Identify financial risks and implement preventive measures.
• Maintain segregation of duties and accountability across departments.
• Submit daily, weekly, and monthly financial reports to the General Manager and management.
• Prepare profit and loss statements, balance sheets, and cash flow reports.
• Analyse departmental revenue, operating costs, and profit margins.
• Attend management meetings and provide financial recommendations.
• Support business decisions related to pricing, investment, expansion, and cost optimisation.

Pay: ₹30,000.00 - ₹35,000.00 per month

Application Question(s):

• Experience in a Star hotel is preferred.

Education:

• Master's (Preferred)

Experience:

• 10YEARS: 5 years (Preferred)

Work Location: In person