Director of Finance
The Indian Hotels Company Limited (IHCL) · Posted Oct 10
Hotels, resorts, luxury palaces, wellness retreats, and in-flight catering services
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About the role
The Indian Hotels Company Limited (IHCL) is hiring a Director of Finance for its upcoming Taj Exotica Resort & Spa, Bengaluru. The role strategically manages all aspects of the finance and accounting functions of the hotel, maintaining financial reporting norms to maximize profitability and achieve desired financial results while ensuring implementation of the company's accounting policies and processes, RCM - Risk Control Management, and compliance with taxation, commercial and statutory norms. The position leads budgeting and forecasting, oversees internal audit, and advises the General Manager and executive committee on operating and financial issues.
What you will do
- Guide and direct the budgeting process for Capital Expenditure and Operational performance for the year with revenue projections duly aligned with business strategy and justifying each and every cost head.
- Assist in strategy formulation for the Hotel in order to achieve greater profitability.
- Budgetary control to ensure desired financial performance with an emphasis on profit maximization and cash flow through revenue enhancement and strict expenditure controls.
- Set specific targets for Inventory, debtors and creditors levels and periodic ageing review to keep the same at minimum levels.
- Leads the development and implementation of a comprehensive annual business plan which is aligned with the company's and brand's strategic direction.
- Analyzes financial data and market trends.
- Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
- Produces accurate forecasts that enable operations to react to changes in the business.
- Supervises and approves all accounting transactions on a daily basis and review of daily key reports of payables, receivables and income audit and F&B contol functions for capturing leakages and correcting the exceptions.
- Tracks the status of Legatrix and ensure that all statutory tasks are marked by all functions in a timely manner.
- Oversees internal audit processes.
- Advises the GM and executive committee on existing and evolving operating/financial issues.
Skills used in this role
What the employer is looking for
- Chartered Accountant (CA), Masters in Commerce or Finance (M.Com./MBA) or equivalent.
Benefits and support
- Compensation and benefits are detailed in the job posting
About The Indian Hotels Company Limited (IHCL)
The Indian Hotels Company Limited (IHCL) is an Indian multinational hospitality company that manages a broad portfolio of hotels, resorts, jungle safaris, palaces, spas, and in-flight catering services. Founded by Jamsetji Tata in 1902 and part of the Tata Group, IHCL operates iconic brands such as Taj, SeleQtions, Vivanta, and Ginger. With properties spanning multiple continents and countries, it is South Asia's largest hospitality enterprise anchored by its flagship property, The Taj Mahal Palace in Mumbai.
- Industry
- Hospitality
- Company size
- 10001+ employees
- Founded
- 1902
- Location
- Mumbai, Maharashtra, India
- Funding stage
- Public Company
Funding
Public Company
Leadership
Natarajan Chandrasekaran
Chairman
Puneet Chhatwal
Managing Director & Chief Executive Officer
Ankur Dalwani
Executive Vice President & Chief Financial Officer
Recent coverage
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