FabHotels - Manager - Finance & Accounts - CA

Why FabHotels?

Were obsessed about delivering the best hospitality at most value for-money prices. We love tackling & solving hard, challenging problems with simple, smart & effective solutions. Weve travelled across India as students and consultants, with family & with friends, and each time, we found that no brand was able to offer travellers what they really want - a "What you see is what you get" budget hotel stay! This is why we started FabHotels.

What is FabHotels?

With technology at the center of consumer experience and backend operations, were building Indias largest & most preferred chain of economy hotels. Currently with a network of 600+ hotels across 50+ cities, we manage 12000+ rooms and deliver best-in-class hospitality at the most affordable prices.

Who?

Founded by Bain alumni, Vaibhav Aggarwal & Adarssh Mnpuria, FabHotels has raised >$40Mn. till date and is backed by leading VC firm Goldman Sachs Investment Partners, Accel Partners, Qualcomm Ventures, Aarin Capital & RB Capital. We're always looking for young, hungry & self-driven individuals, who want more than a 10-7 desk job and to make a significant contribution in creating a first-in-class Indian hospitality brand!

Finance & Accounts Manager:

1. Oversee the day-to-day operations of the accounts payable department and B2C revenue and AR, including vendor payments, Collections and reconciliation activities.

2. Implement and enforce effective credit and payment policies to ensure timely reconciliations with vendors and customers.

3. Monitor and track payments, reconciliations with vendors and negotiate payment plans or settlements when necessary.

4. Monitor & Manage cash flow by analyzing accounts payable and account receivables aging reports, identifying potential risks, and developing strategies to handle cash outflows.

5. Build and maintain strong relationships with vendors and clients, addressing any payment concerns promptly and professionally. Collaborate with operations and supply teams to resolve disputes and issues.

6. Supervise and mentor a team of accounts payable/receivables clerks or specialists, providing guidance, training, and performance evaluations.

7. Delegate tasks, set targets, and ensure the team's adherence to departmental goals and objectives.

8. Continuously review and improve accounts payable and B2C receivable processes, systems, and procedures to enhance efficiency and accuracy.

9. Implement automation tools or software solutions to streamline workflows and reduce manual efforts.

10. Prepare and analyze accounts payable reports, metrics, and KPIs for management and financial reporting purposes. Provide insights and recommendations based on the analysis to support decision making.

11. Ensure compliance with relevant accounting standards, regulations, and internal control policies related to accounts payable, receivables and credit management

Audit Management:

12. Coordinate external audits and ensure timely resolution of audit issues.

13. Work closely with auditors to provide necessary documentation and explanations.

Qualifications:

- 3-5 years of Post qualification experience in finance and accounting.

- Chartered Accountant (CA) qualification or equivalent is mandatory.

- Proven experience in a similar role, preferably in a team lead role.

- Strong understanding of accounting principles, financial regulations, and compliance requirements.

- Excellent analytical and problem-solving skills.

- Effective communication and interpersonal skills.

- Ability to lead and motivate a high-performing finance team.

- Proficiency in financial software like Tally, Navision.