IHG Manager Finance & Bus Support (390242) in Bangalore, India

Description:

Job Purpose

Direct the financial operations of the hotel to ensure the security of hotel assets. Report to GM’s and owners on financial state of hotel and make recommendations to improve hotel profitability. Serve as primary contact for all hotel financial- and accounting-related issues with owners, auditors (internal and external) and regulatory agencies.

At Holiday Inn Express® we want our guests to relax and be themselves which means we need you to:

  • Be you by being natural, professional and personable in the way you are with people

  • Get ready by taking notice and using your knowledge so that you are prepared for anything

  • Show you care by being thoughtful in the way you welcome and connect with guests

  • Take action by showing initiative, taking ownership and going the extra mile

Duties and responsibilities

Financial returns:

  • Ensure integrity and accuracy of accounts is maintained in PeopleSoft (ERP) System to meet deadline by working closely with Hotel Accounting team & Hotel Controls Manager.

  • Maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)

  • Review the monthly Profit & Loss trend to ensure consistent reporting.

  • Ensure General Ledger accounts that relate to all Holiday Inn Express hotels are reconciled monthly.

  • Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures, assist in internal & statutory audits when it occurs within the Holiday Inn Express hotels.

  • Monitor performance of hotels through internal and external benchmarking and flow through and analysis of key indicators to ensure returns are maximized.

  • Ensure that all statutory requirements of the organization are met including Withholding Payments (TDS), Income Tax, Goods, and Services Tax

  • Manage the cash flow and prepare cash flow forecasts in accordance with policy

  • Ensure that the internal controls in hotels are set-up in accordance with local law and uniform system of accounts to ensure uniformity throughout the region

  • Prepare all supporting information for the annual audit and liaise with the Audit Committee and the external auditors as necessary

  • Review Internal Audit reports and follow up on all recommended action plans during hotel visits to ensure appropriate internal controls are in place.

  • Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll

  • Perform all task and duties of a hotel controller as assigned & set in KPO & if assigned to a hotel location on a temporary basis.

  • Manage the acquisition of capital assets and ensure that disposed of as appropriate

  • Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the Director of Finance & BS and General Managers to ensure they are robust and attainable and challenges hotel teams accordingly

  • Implementation of hotel Control Self-Assessment (CSA) into each process. Regular CSA audit & prepare an action plan to ensure appropriate controls are in place.

  • Following execution of Hotel Management Agreement related to Finance field, manage the pre-opening/rebranding process working collaboratively with Owners, Tax Consultants, Hotel Accounting team, Hotel Operations, and Regional Operations to ensure the hotels open on brand

People:

  • Manage day-to-day activities, plan and assign work, and establish performance and development goals for team members. Provide mentoring, coaching and regular feedback to help manage conflict, improve team member performance, and recognise good performance.

  • Promote teamwork and quality service through daily communication and coordination with key department heads.

  • Ensure IHG Policy / Procedures and Delegation of Authority are followed properly to minimize risks.

  • Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner

  • Provide task force support to “in need” hotel or newly opened hotel as directed by the Company.

  • Working with the hotel team and guiding the direction of the business towards the winning culture and successful metrics.

Guest experience:

  • Respond quickly to guest requests in a friendly manner. Follow up to ensure guest satisfaction.

  • Ensure accounting practises, support the guest experience through payment options (example: credit card systems, room charges), inventory controls and financial dispute resolution.

Responsible business:

  • Implement and maintain acceptable accounting practices as required by company policy and procedures.

  • Develop and implement financial control procedures and systems; maintain records for internal and external audits; ensure compliance with government regulations; and contractual agreements.

  • Participate in local recognised professional and industry organisations

  • Manage hotel contracts (example: vendor leases and/or service contracts).

  • Perform other duties as assigned. May also serve as manager on duty.

Qualifications and requirements

Bachelor’s degree / higher education qualification / equivalent in Accounting, Finance and 4-8 years in hotel accounting or audit with at least one year in an Assistant Controller or similar supervisory role, or an equivalent combination of education and work-related experience. Knowledge of accounting management duties such as negotiating hotel space and tenant leases; processing payroll; performing asset management duties; providing business projections, displacement analysis, preparing government reports, filing tax returns, etc. as needed or requested. Professional accounting or finance designation or certification preferred. Must speak local language(s). Other languages preferred.

Qualifications

Job Purpose

Direct the financial operations of the hotel to ensure the security of hotel assets. Report to GM’s and owners on financial state of hotel and make recommendations to improve hotel profitability. Serve as primary contact for all hotel financial- and accounting-related issues with owners, auditors (internal and external) and regulatory agencies.

At Holiday Inn Express® we want our guests to relax and be themselves which means we need you to:

  • Be you by being natural, professional and personable in the way you are with people

  • Get ready by taking notice and using your knowledge so that you are prepared for anything

  • Show you care by being thoughtful in the way you welcome and connect with guests

  • Take action by showing initiative, taking ownership and going the extra mile

Duties and responsibilities

Financial returns:

  • Ensure integrity and accuracy of accounts is maintained in PeopleSoft (ERP) System to meet deadline by working closely with Hotel Accounting team & Hotel Controls Manager.

  • Maintain timely and accurate financial statements and reports that are appropriate for the users and in accordance with generally accepted accounting principles (GAAP)

  • Review the monthly Profit & Loss trend to ensure consistent reporting.

  • Ensure General Ledger accounts that relate to all Holiday Inn Express hotels are reconciled monthly.

  • Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures, assist in internal & statutory audits when it occurs within the Holiday Inn Express hotels.

  • Monitor performance of hotels through internal and external benchmarking and flow through and analysis of key indicators to ensure returns are maximized.

  • Ensure that all statutory requirements of the organization are met including Withholding Payments (TDS), Income Tax, Goods, and Services Tax

  • Manage the cash flow and prepare cash flow forecasts in accordance with policy

  • Ensure that the internal controls in hotels are set-up in accordance with local law and uniform system of accounts to ensure uniformity throughout the region

  • Prepare all supporting information for the annual audit and liaise with the Audit Committee and the external auditors as necessary

  • Review Internal Audit reports and follow up on all recommended action plans during hotel visits to ensure appropriate internal controls are in place.

  • Oversee the bookkeeping function including maintenance of the general ledger, accounts payable, accounts receivable and payroll

  • Perform all task and duties of a hotel controller as assigned & set in KPO & if assigned to a hotel location on a temporary basis.

  • Manage the acquisition of capital assets and ensure that disposed of as appropriate

  • Establish guidelines for budget and forecast preparation, and prepare the annual budget in consultation with the Director of Finance & BS and General Managers to ensure they are robust and attainable and challenges hotel teams accordingly

  • Implementation of hotel Control Self-Assessment (CSA) into each process. Regular CSA audit & prepare an action plan to ensure appropriate controls are in place.

  • Following execution of Hotel Management Agreement related to Finance field, manage the pre-opening/rebranding process working collaboratively with Owners, Tax Consultants, Hotel Accounting team, Hotel Operations, and Regional Operations to ensure the hotels open on brand

People:

  • Manage day-to-day activities, plan and assign work, and establish performance and development goals for team members. Provide mentoring, coaching and regular feedback to help manage conflict, improve team member performance, and recognise good performance.

  • Promote teamwork and quality service through daily communication and coordination with key department heads.

  • Ensure IHG Policy / Procedures and Delegation of Authority are followed properly to minimize risks.

  • Oversee all payroll functions to ensure that employees are paid in a timely and accurate manner

  • Provide task force support to “in need” hotel or newly opened hotel as directed by the Company.

  • Working with the hotel team and guiding the direction of the business towards the winning culture and successful metrics.

Guest experience:

  • Respond quickly to guest requests in a friendly manner. Follow up to ensure guest satisfaction.

  • Ensure accounting practises, support the guest experience through payment options (example: credit card systems, room charges), inventory controls and financial dispute resolution.

Responsible business:

  • Implement and maintain acceptable accounting practices as required by company policy and procedures.

  • Develop and implement financial control procedures and systems; maintain records for internal and external audits; ensure compliance with government regulations; and contractual agreements.

  • Participate in local recognised professional and industry organisations

  • Manage hotel contracts (example: vendor leases and/or service contracts).

  • Perform other duties as assigned. May also serve as manager on duty.

Qualifications and requirements

Bachelor’s degree / higher education qualification / equivalent in Accounting, Finance and 4-8 years in hotel accounting or audit with at least one year in an Assistant Controller or similar supervisory role, or an equivalent combination of education and work-related experience. Knowledge of accounting management duties such as negotiating hotel space and tenant leases; processing payroll; performing asset management duties; providing business projections, displacement analysis, preparing government reports, filing tax returns, etc. as needed or requested. Professional accounting or finance designation or certification preferred. Must speak local language(s). Other languages preferred.

Job: Hotel General Management

Location: India-Bangalore

Requisition ID: BAN001326