Associate Vice President- Finance, Business Assurance - Mumbai, India - The Indian Hotels Company Limited (IHCL)
Description
Role Objective
The overarching goal is to ensure the integrity, efficiency, and effectiveness of financial operations while mitigating risks and ensuring compliance with regulatory requirements. This entails overseeing the development and implementation of robust internal control frameworks, conducting comprehensive risk assessments, and providing strategic guidance to enhance financial processes and decision-making.
Additionally, the role involves fostering cross-functional collaboration, facilitating communication between finance and other functions, and leveraging data analytics to generate actionable insights for senior leadership. By maintaining a proactive approach to business assurance, the role helps safeguard the organization's financial interests and drives sustainable growth.
Key Responsibilities
• Manages the company's accounting and financial systems, and ensuring that the company's financial statements and reports are accurate and timely.
• Ensures that the company's internal control procedures are effective and efficient in detecting and preventing fraud, errors, and noncompliance with laws and regulations.
• Partners with Business to support decisions and minimize forecasting gaps.
• Undertakes financial audits (an independent check of an organization's financial position) to check on financial information and systems.
• Produces reports and recommendations following internal audits to enhance business assurance.
• Reviews the data inputted on systems(such as MIS, GMs Certification, etc.) by hotels on a periodic basis and sets the direction for any course correction, if required.
• Advices senior leadership on financial planning budgeting, cash flow, investment priorities, and policy matters.
• Manages and leads organization wide process improvement initiatives to drive audit strategy and streamline processes.
• Responsible for timely communication and implementation of new regulatory requirements / disclosures that impact the financial statements of the organization.
• Partners extensively with colleagues across Finance, technology, and Operations to develop and implement audit-style testing protocols to ensure the transparency and appropriateness of data inputs, calculation logic and ensures completeness and accuracy of testing results to senior management.
• Assists in the preparation of reports to the Senior Leadership on audit activities and effectiveness of internal controls, gathered through an integrated platform (currently being developed).
Role Specifications
• CA / CFA / MBA – Finance
• Min 10-15 years of Experience in Hotel or Allied Industries