Posted By
Cheshta Sagwaria
Associate Consultant at Unison International Consulting Pvt. Ltd
Last Login: 08 May 2024
Posted in
Banking & Finance
Job Code
1304977
Head - Internal Audit
Hiring for a Hospitality brand
Designation: Head Internal Audit
Location: Mumbai
Hospitality Experience Required
CA degree is must
Key Responsibilities:
Hospitality Audit Strategy:
- Develop and execute a comprehensive internal audit plan tailored to the hospitality sector, considering the diverse operational areas within the industry (e.g., hotels, restaurants, entertainment venues).
- Identify key risk areas specific to hospitality, such as revenue integrity, guest experience, food safety, and regulatory compliance.
Operational Audits:
- Lead and manage a team of internal auditors to perform operational audits across different hospitality facilities.
- Conduct thorough audits of front-of-house and back-of-house operations, including guest services, housekeeping, food and beverage, and security.
- Assess operational processes, guest satisfaction measures, and compliance with brand standards.
Revenue and Expense Audits:
- Review revenue generation processes, including reservations, sales, and billing, to ensure accuracy and prevent potential revenue leakage.
- Audit expense management processes to identify cost-saving opportunities and ensure efficient resource allocation.
Compliance and Regulatory Oversight:
- Ensure adherence to industry-specific regulations, such as health and safety standards, liquor licensing, and sanitation regulations.
- Monitor compliance with brand standards and corporate policies related to hospitality operations.
Risk Management:
- Identify and evaluate risks inherent to the hospitality industry, such as cybersecurity threats, reputational risks, and supply chain vulnerabilities.
- Collaborate with management to develop risk mitigation strategies and controls.
Stakeholder Communication:
- Present audit findings, recommendations, and reports to senior management, emphasizing the impact on guest experience, operational efficiency, and compliance.
- Maintain effective communication with department heads, general managers, and operational staff to address audit-related matters.
Technology and Data Analysis:
- Leverage technology tools and data analysis to enhance the efficiency and effectiveness of audits, especially in areas such as inventory management, pricing analysis, and guest feedback.
Talent Development:
- Recruit, train, and mentor audit team members with a focus on the hospitality industry's unique audit requirements.
- Foster a culture of continuous learning and professional growth within the team.
Qualifications and Requirements:
- Bachelor's degree in Hospitality Management, Business Administration, Finance, or a related field. Master's degree or relevant certification (e.g., CIA, CFE) is a plus.
- Extensive experience (typically 10+ years) in internal audit or related roles within the hospitality sector.
- Solid understanding of the unique challenges and operational dynamics of the hospitality industry.
- Familiarity with hospitality regulations, brand standards, and compliance requirements.
- Proficiency in using audit software, data analysis tools, and hospitality management systems.
- Strong leadership, team management, and interpersonal skills.
- Excellent communication and presentation abilities, with a focus on translating audit insights into actionable improvements.
- Analytical mindset with the ability to interpret data and trends.
- Ethical conduct and the ability to maintain objectivity and confidentiality.
- Flexibility to travel as needed to different hospitality properties.
Please note that this job description is intended to provide a general overview of the responsibilities and qualifications for the Head of Internal Audit in the hospitality sector. Specific duties and requirements may be adjusted based on the organization's needs and the evolving nature of the hospitality industry.
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Posted By
Cheshta Sagwaria
Associate Consultant at Unison International Consulting Pvt. Ltd
Last Login: 08 May 2024
Posted in
Banking & Finance
Job Code
1304977