Website:
smaindia.net.in
Job details:
Job Title: Cluster Financial Controller
Location: Mumbai
About the Company:
We are hiring on behalf of our client, a leading International Hospitality Brand, renowned for its hotels and resorts across South Asia and beyond. This opportunity is for a Cluster of 3 mid segment Hotels in Mumbai Area.
Key Responsibilities:
1. Financial Strategy and Planning:
o Develop and implement financial strategies aligned with the hotel’s business
goals.
o Create long-term and short-term financial plans to drive growth and
profitability.
o Lead the budgeting and forecasting processes, ensuring they reflect both
current performance and market conditions.
2. Financial Management and Reporting:
o Oversee all financial reporting activities, ensuring accuracy and compliance
with both internal and external standards.
o Prepare monthly, quarterly, and annual financial statements and reports for
management and ownership.
o Conduct financial analysis, including profitability analysis, cost control, and
variance analysis, to help the management team make informed decisions.
3. Cash Flow Management:
o Monitor cash flow, ensuring sufficient liquidity to meet operational needs.
o Optimize working capital and manage capital expenditures to ensure efficient
use of funds.
o Lead the management of hotel bank accounts and financial institutions to
ensure the smooth functioning of daily operations.
4. Internal Controls and Compliance:
o Establish and maintain robust internal controls to safeguard hotel assets and
ensure financial integrity.
o Ensure compliance with local tax laws, industry regulations and company
policies.
o Work closely with auditors during internal and external audits, implementing
recommended improvements.
5. Team Leadership and Development:
o Lead, mentor and develop the finance team, ensuring high performance and
professional growth.
o Manage staffing needs and provide training on financial policies and best
practices.
o Create a positive, results-driven environment within the finance department.
6. Cost Control and Profitability:
o Monitor operational costs and recommend cost-saving initiatives to improve
profitability without compromising on service quality.
o Work closely with other departments to review and control expenses, analyze
variances and identify opportunities for cost reduction.
7. Owner Relations:
o Provide financial insights and reports to ownership .
o Participate in meetings with ownership to review the financial health of the
hotel and discuss strategic goals.
o Develop financial models and forecasts to support potential investment
decisions or business expansions.
8. Risk Management:
o Identify financial risks and work to mitigate them.
o Ensure appropriate insurance and risk management policies are in place.
Qualifications & Experience:
- Post Graduate in Finance & Accounts / CA Inter/ ICWA
- 12-14 years of experience in Finance & Accounts within Hospitality industry as Unit Head of Finance .
- Prior experience in Hotel Finance operations and cluster handling preferred
- Strong knowledge of budgeting, forecasting, MIS, statutory compliance, audits, taxation, payroll accounting & financial controls
- Experience with hotel PMS, Sun System / Opera / Material Control or similar hospitality software preferred
- Good understanding of Hotel Finance SOPs and internal controls will be an advantage
- Strong leadership, analytical and problem-solving skills
- Ability to manage multiple properties and coordinate with cross-functional teams
- Excellent communication and team management skills
- Proficient in MS Excel and financial reporting tools
- Ability to work in a fast-paced environment and meet deadlines
Click on Apply to know more.