Finance Controller

The LaLit London ,
London, Greater London
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Job Description

Company Description About The LaLiT We are one of the leading privately-owned domestic hotel brands in India, engaged in the business of operating and managing hotels, palaces and resorts, with a focus on the luxury segment. We operate 12 luxury hotels, palaces and resorts under The LaLiT brand and two mid-market segment hotels under The LaLiT Traveller brand across India's key business and leisure travel destinations, offering 2,261 rooms, In addition, we hold the exclusive rights to operate and provide management consultancy services to a hotel in London, The LaLiT London, offering 70 rooms. Our luxury hotels operating across India under The LaLiT brand our grouped into the following three categories: City hotels: The LaLiT New Delhi, The LaLiT Mumbai, The LaLiT Ashok Bangalore, The LaLiT Great Eastern Kolkata, The LaLiT Jaipur and The LaLiT Chandigarh. Palaces: The LaLiT Laxmi Vilas Palace Udaipur and The LaLiT Grand Palace Srinagar. Resorts: The LaLiT Golf & Spa Resort Goa, The LaLiT Resort & Spa Bekal (Kerala), The LaLiT Mangar and The LaLiT Temple View Khajuraho. Job Description * Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO's (Goals Program) * Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances * Ensure excess cash is managed to maximize earning potential * Prepares outlooks for forthcoming months and forecasts for the remainder of the year * Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget * Prepare consolidated quarterly position assessments for the General Manager * Distributes outlook and forecast information as an up to date management tool for operating departments * Implement and review financial controls and policies * Analyse financial and management reports * Design internal reporting systems required by the department and hotel * Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Policies and Procedures * Employ adequate internal control procedures to ensure correct authorization for payment procedures * Manage internal and external audits when they occur * Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance * Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments * Identifies staff with potential for promotion and/or transfer within Accounting operation * Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations * Provides safekeeping, including proper storage and access for all contracts, leases and other financial records * Follows up on all capital expenditures to ensure compliance with original justification and approval * Participates in local recognized professional and industry organizations * Recommends and maintains appropriate list of delegation of authority for hotel management * Conducts monthly inspections and tests to ensure all departments are complying with required procedures * Performs those duties required by the controls checklist issued by CFO * Reviews prices and recommends pricing strategy to the General Manager * Implements and maintains acceptable accounting practices and procedures as required , generally accepted accounting practices, and as affected by local conditions * Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items * Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation's * Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO's (Goals Program) * Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances * Ensure excess cash is managed to maximize earning potential * Prepares outlooks for forthcoming months and forecasts for the remainder of the year * Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget * Prepare consolidated quarterly position assessments for the General Manager * Distributes outlook and forecast information as an up to date management tool for operating departments * Implement and review financial controls and policies * Analyse financial and management reports * Design internal reporting systems required by the department and hotel * Evaluate existing internal control measures that apply t

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