Website:
henceforthglobal.com
Job details:
Location: Hyderabad
Department: Finance & Accounts
Experience: 3–5 years, preferably in the hotel or hospitality industry
We are looking for a detail oriented and financially sound Financial Accountant to manage day to day accounting operations, financial reporting, reconciliations and compliance for our hotel. The ideal candidate will have a strong understanding of hospitality accounting practices, excellent analytical skills and the ability to maintain financial accuracy while supporting effective cost control and business operations.
Key Responsibilities
Accounting and Financial Reporting
• Manage daily accounting transactions, including journal entries, general ledger maintenance and expense recording.
• Prepare monthly financial statements, management reports, profit and loss statements and supporting schedules.
• Perform bank reconciliations, ledger reconciliations and balance sheet reviews.
• Maintain accurate records of accounts payable, accounts receivable, advances, accruals and prepayments.
• Assist in month end and year end closing activities and ensure timely financial reporting.
Hotel Revenue and Cost Control
• Monitor daily hotel revenue from Rooms, Food & Beverage, Banquets, Spa and other operating departments, as applicable.
• Reconcile revenue reports from the Property Management System (PMS), Point of Sale (POS) and other operational systems with the accounting records.
• Coordinate with the Income Audit team, Front Office and F&B departments to verify revenue, discounts, refunds and payment collections.
• Monitor departmental expenses and support cost control initiatives across hotel operations.
• Assist in analysing operating expenses, budget variances and financial performance.
Accounts Payable and Receivable
• Verify vendor invoices, purchase orders, goods receipt notes and supporting documentation before processing payments.
• Monitor supplier payments, outstanding balances and payment schedules.
• Track corporate client receivables, credit bills and outstanding collections.
• Coordinate with the Purchase and Stores teams to ensure accurate recording of procurement transactions.
• Maintain proper documentation for vendor accounts and customer accounts.
Taxation and Compliance
• Assist with GST returns, TDS compliance, tax reconciliations and other applicable statutory filings.
• Ensure adherence to accounting standards, internal financial controls and company policies.
• Maintain accurate records for audits and coordinate with internal and external auditors.
• Ensure proper documentation and timely filing of financial records.
Budgeting and Financial Analysis
• Assist in preparing annual budgets, forecasts and cash flow statements.
• Analyse financial data to identify discrepancies, cost saving opportunities and areas for improved efficiency.
• Prepare periodic financial reports for management review.
• Support the Finance Manager or Financial Controller in financial planning and decision making.
Candidate Profile
• Bachelor's degree in Commerce, Accounting or Finance. CA Inter, CMA, MBA Finance or equivalent qualifications will be an advantage.
• 3–5 years of relevant experience in accounting and finance, preferably in hotels, resorts or hospitality organisations.
• Strong knowledge of general accounting, reconciliations, taxation and financial reporting.
• Familiarity with hotel accounting systems, PMS, POS and ERP software will be preferred.
• Proficiency in MS Excel and financial reporting tools.
• Good understanding of GST, TDS and applicable statutory compliance requirements in India.
• Strong analytical skills, accuracy and attention to detail.
• Ability to manage deadlines, maintain confidentiality and coordinate with multiple departments.
• Experience in hotel pre opening finance or accounting setup will be an added advantage.
Click on Apply to know more.