Credit Officer - Panaji, India - IHCL

IHCL

Verified Company

Panaji, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Responsibilities

Supervises all aspects of the finance and accounting functions of the hotel keeping with the financial reporting norms, company's accounting policies/ RCM's and assist the Manager of Finance for maximising profitability and in statutory compliance management.

Prepares financial reporting pack with detailed variance analysis to provide inputs for management decision making and driving efficiencies.

Strategically manages all aspects of the finance and accounting functions of the hotel, maintaining the financial reporting norms with a view to maximise profitability and achieve desired financial results.

Budgeting and Planning

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.
Produces accurate forecasts that enable operations to react to changes in the business.
Assists 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 foriInventory, 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 companys' and brands' strategic direction.
Analyzes financial data and market trends.
Creates the annual operating budget for the property.
Provides analytical support during budget reviews to identify cost saving and productivity opportunities for property managers.
Plans diptest to comprehensively cover all functions and processes concerning finance and statutory compliance and take corrective actions for observations.

Financials and Reporting

Assumes responsibility for preparing and presenting all MIS reports to develop a more informative database for improved management decision making and critical evaluation of activities.
Set up a review system to comprehensively cover all areas of financial performance and statutory compliance.
Ensure the daily and monthly FC checklist is diligently filled and all tasks are performed in timelines.
Informs and advises the Department heads in areas of financial performance, costbenefits analysis, cost management.
Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with policies of the organisation.
Ensures compliance with management contract and reporting requirements.

Audit & Statutory Compliance

Reviews audit findings
Safety/Hygiene and TPAM (Taj Positive Assurance Model) and takes corrective measures to ensure full compliance.
Prepares the internal audit checklists as per the IHCL Safety Guidelines.
Adheres to all departmental legal compliances.
Ensures that the terms of the Operating agreement with Partners are duly complied with in all respects.
Implements the latest amendments in commercial laws, tax structures and other developments in the financial world and ensuring that all litigations are handled diligently in line with Corporate guidelines.
Ensures deposition of all taxes and statutory dues in a timely manner and filing of all returns within due dates.
Ensures compliance of all statutory and internal audit procedures and implement corrective actions as brought out by the audit observations.
Prepares and presents all MIS reports to develop a more informative database for improved management decision making and critical evaluation of activities.
Monitors cost and profit performance of all departments regularly and provides recommendations / suggest corrective action.

People

To set department and subdepartment goals which are in line with the hotel and department strategies. Communicate goals, conduct Q-Chats (quarterly performance reviews), analyse performance and provide relevant input for training programs.
Prepares department duty rosters and approves leave in consultation with the department head.
Identifies the developmental needs of others and coaches, mentors and helps others improve their knowledge or skills.
Ensures disciplinary procedures and documentation, adhering to the standards of Tata Code of Conduct and values of IHCL.
Identifies departmental and individual training needs, develops training calenders, conducts training and recommends suitable training programs to address individual capability gaps. Participates in certification of team members in key skills. Ensures self and directly reporting managers attend appropriate core training classes.
Creates a culture of recognition by actively participating in the STARS (Special Thanks and Recognition System) Program.
Creates a culture of Trust, Awareness and Joy by conducting departmental meetings, reviewing V-Connect feedback, drawing an