Manage day to day operations of the Finance department.
Manage the Finance function of the hotel to ensure that accurate management and financial accounts are produced consistently with company accounting policies and timetables.
To deliver commercial business objectives and financial targets through effective leadership and development of the hotel team.
Actively guide and direct the whole team to ensure consistency of brand standards and a high level of performance and service delivery.
Implement standard operating procedures to improve the process & performance.
Control & monitor all departmental costs on a regular basis to ensure performance against budget.
Proper & effective utilization of resources & perform regular inventory and internal audits
Focus on the Gross Operating Profit of the unit
Implementation of Strategic plan , budget and financial goals
Maintenance of Books of accounts like Cash book, Bank book, A/c Receivables and A/c Payables.
To ensure proper documentation of all transactions in a transparent and systematically appropriate method.
Maintain up to date cash flow projections and control Prepare bank reconciliation statements on a daily basis.
To prepare analysis of budget Vs. Actual on a monthly basis and report to management.
Prepare consolidated monthly financial review and assessment to General Manager
Provide forecast information to the operating departments
Implement and review financial controls and policies
To ensure that all expenses are accounted under the correct heads of expenditure.
To ensure the posting of all sales transactions into the A/c receivable ledger and reconcile the A/c receivables on a periodic basis and take the balance confirmations from the parties.
To ensure the posting of all Vendor related transactions to the A/c payables ledger and reconcile the A/c payables on a periodic basis and take the Balance confirmations from the parties.
To ensure the Assets of the Company are properly documented and filed in the Asset Register with details such as Name of the Asset / Date & Year of purchase / Location of the Asset / Cost of the Asset (Including all expenses up to installation and working of the Asset) / WDV of the Asset.
To ensure that all purchases are supported with valid purchase orders from purchase dept, vendor invoice and GRN.
To follow-up Debtors outstanding on regular basis, to have proper credit control systems and strictly adhere to the guidelines laid down by the Management regarding the credit norms.
To prepare Profit & Loss account and Balance sheet periodically and report to the management on key issues.
To prepare the payroll of the staff and credit the salary to bank accounts of all the staff every month.