Title:  Finance Executive

About IHCL

Indian Hotels Company Limited (IHCL) is a part of the Tata Group and is one of South Asia's 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 center's 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

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.