What are the responsibilities and job description for the Finance Executive position at IHCL?
About IHCL
Indian Hotels Company Limited (IHCL) is a part of the Tata Group and is one of South Asia's largest and most iconic hospitality companies. With a legacy of over 120 years, we are dedicated to delivering exceptional experiences to our guests through our diverse portfolio of hotels, resorts, and palaces.
Careers at IHCL
At IHCL, we believe our employees are our greatest asset. We are committed to fostering a dynamic work environment that encourages innovation, collaboration, and personal growth. Join us in creating memorable experiences and shaping the future of hospitality. Explore exciting career opportunities with us and be a part of a vibrant team that values passion, excellence, and diversity.
Job Objective
- To support the financial operations of a QSR brand by maintaining accurate financial records, ensuring compliance with statutory regulations, and contributing to cost management and reporting.
- To assist in preparing financial statements, managing cash flow, and streamlining processes to enhance operational efficiency while adhering to company policies and deadlines.
Essential Job Tasks
- Strong knowledge of accounting standards, financial regulations, and tax laws in India.
- Proficiency in accounting software (e.g., Tally, SAP, QuickBooks) and MS Excel.
- Excellent attention to detail, organizational skills, and ability to meet deadlines.
- Good communication and interpersonal skills.
Areas of Responsibility
1. Accounting & Recordkeeping:
- Maintain accurate financial records, including accounts payable, receivable, and general ledger entries.
- Reconcile bank statements and resolve discrepancies in a timely manner.
- Process invoices, payments, and employee reimbursements efficiently.
2. Financial Reporting:
- Assist in preparing monthly, quarterly, and annual financial statements and management reports.
- Compile data for budgets, forecasts, and variance analysis.
- Provide insights and support in financial decision-making.
3. Taxation & Compliance:
- Ensure timely filing of GST, TDS, and other statutory returns in compliance with Indian regulations.
- Assist in audits and liaise with external auditors to provide necessary documentation.
- Monitor compliance with internal financial policies and procedures.
4. Cost Management:
- Track and analyze operational costs, including food, labor, and overhead expenses.
- Identify cost-saving opportunities and contribute to process improvements.
5. Cash Flow Management:
- Monitor daily cash flow and ensure sufficient funds are available for operational needs.
- Prepare and maintain cash flow projections to support financial planning.
6. Vendor & Outlet Coordination:
- Coordinate with vendors for timely payments and resolve payment-related issues.
- Support outlet managers in financial queries and ensure adherence to financial processes.
7. Technology & Process Optimization:
- Utilize accounting software and ERP systems to maintain financial accuracy and efficiency.
- Suggest improvements to streamline financial workflows.
Required Qualifications
Bachelor’s degree in Commerce, Accounting, Finance, or related field. CA Inter or MBA in Finance is a plus.
Work Experience
2-4 years of experience in finance or accounting roles, preferably in the QSR, hospitality, or retail sectors.
Languages Needed in Position
English
Key Interfaces- External
Vendors and Others
Key Interfaces- Internal
Finance function, HOD's, Store Managers, compliance and internal audit
Behavioural Competencies
Equal Opportunities Employment at IHCL
At IHCL, we celebrate diversity and are committed to creating an inclusive environment for all employees. We are proud to be an equal opportunity employer and do not discriminate based on race, color, religion, gender, sexual orientation, age, national origin, disability, or any other status protected by applicable law. We encourage all qualified individuals to apply and join our team, where every voice is valued and respected.