Senior Manager/Deputy General Manager - Finance & Accounts

Description:

1. Finance Control, Budgeting & Forecasting:

- Recommend and implement policies and processes to ensure accuracy of the financial accounting and statements

- Implement systems to monitor accurate revenue recognition, choose appropriate revenue recognition policies

- Standardized processes and guidelines to minimize complexity in business

- Implement & review Governance portal

- Explore opportunity to outsource routine tasks

- Review DOA on periodic basis and implement necessary changes

- Preparation of annual budgets (including cash flow) including coordination with various departments and hotels operation teams to collate data for the sam-

- Monthly / Quarterly review of budgets and preparation of rolling forecast for rest of the year

Direct tax:

- Maintain & Review direct tax compliance checklist to ensure 100% compliance as per timelines

- Coordinate with direct tax consultants for various matters; negotiate scope of work and fe-

- Keep the business abreast with latest changes in direct tax and their impact on the business.

- Guide and advice the business on routine tax matters.

- Endure timely filing of income tax / wealth returns

- Coordinate for income tax / TP assessments and other notices received from income tax departments

- Obtain concessional TDS (u/s 197) certificate

- Ensure timely refund of TDS recoverabl-

- Ensure compliance with domestic and international transfer pricing regulations.

- Coordinate with consultants for completing TP documentation and TP certification

Indirect tax compliance:

- Maintain & Review state wise indirect direct tax compliance checklist to ensure 100% compliance as per timelines

- Coordinate with indirect direct tax consultants for various matters; negotiate scope of work and fe-

- Explore opportunity to centralize indirect tax complianc-

- Keep the business abreast with latest changes in indirect direct tax laws and their impact on the business.

- Guide and advice the business on routine indirect tax matters, including structuring of contracts to minimize tax liability

- Coordinate for VAT / WCT assessments and other notices received from various tax departments / states

Coordinate for tax assessments / Audits:

- Timely filing of various returns.

- Financial Statements

- Setup an effective finance statement close process (FSCP)

- Develop and implement effective monthly close process

- Prepare quarterly and annual financial statement

Statutory Audit / Tax Audit:

- Single point of contact for Statutory and tax auditors

- Coordinate with operating hotels and other teams for timely completion of Stat / Tax audits

- Coordinate with auditors to discuss & resolve auditors queries

Hotels Operations:

- Single point of contact for all operating hotels

- Coordinate with operating hotels to ensure smooth operation from finance perspective

- Coordinate with the hotel operator team for hotel operations

- Standardize finance process across operating hotels

- Standardize chart of accounts across all operating properties

- Review direct and indirect tax compliance of operating hotels

- Participate in hotels operation review

- Implementation of e-net banking for corporate and operating units

Management Information System (MIS):

- Overseeing monthly projects, operations MIS

- Review and circulate various monthly MIS (business updates, management accounts (including cash flow, funding requirements et- ), statutory compliances trackers) by agreed due dates

- Cost to complete reporting

- CWIP monthly accounts

- SPENT- Planned vs Actuals

- Equity Deployment reports

Data Management / FAR Management:

- Review & managing all Chart of Accounts

- Review capitalization of completed projects and physical verification of assets.

Capitalization and funding:

- Review fund position for all legal entities and approve redemption request

- Participate in interaction with banks and lenders

- To be backup for the Treasury team and support on lender requirements, credit ratings et-

- Review cash flow of operating hotels , corporate & projects and forecast cash requirement

Required Skills:

Knowledge:

The incumbent must have proficient knowledge in the following areas:

- Financial reporting : IndAS (IFRS good to have)

- MIS

- ERP

- Advanced knowledge of MS Excel. Good working knowledge of MS Word, Project and Powerpoint

Skills and Personal attributes:

The incumbent must demonstrate the following skills:

- Excellent understanding of accounting principles and Taxation, Companies Act

- Maturity and business acumen, and ability to work with cross-functional leaders and teams

- Be a self-starter with high-energy levels

- Demonstrate ability to work in ambiguity

- Ability to look at the big picture and a detail-oriented approach to work

- Possess a strategic mind-set and strong execution skills

- Have the ability to train, mentor and motivate a growing team, while also rolling up his sleeves to drive detailed review and analysis

- Have a commitment to excellence and strong achievement orientation

- Be result-oriented with the ability to be decisive

- Be willing to seize initiatives and opportunities

- Possess mature negotiation and commercial skills

- Have strong analytical skills with the capability of solving problems

- Have strong verbal and written communication skills

- Have excellent presentation skills

- Have impeccable integrity and high personal ethics

Qualifications:

- Chartered Accountant

Experience:

12-15 years, preferred if worked for few years with Big four Audit consultancy firms.