Director of Finance

Looking for a Director of Finance for our hotel Taj Palace, Lucknow.

Strategically manages all aspects of the finance and accounting functions of the hotel, maintaining the financial reporting norms with a view to maximize profitability and achieve desired financial results. Ensuring implementation of the company's accounting policies and processes, RCM - Risk Control Management and complying with taxation, commercial and statutory norms.

Qualification:

Chartered Accountant (CA), Masters in Commerce or Finance (M.Com./MBA) or equivalent.

Budgeting & Forecasting :

*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.