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AA HOSPITALITY | Finance Manager
1 month ago
Job Description: Finance Manager
Location: Bengaluru
Company: AA Hospitality
Position Type: Full-time
Salary: Between Rs 70000/- to Rs 75000/- CTC per month
Overview:
AA Hospitality is seeking a dynamic and experienced Finance Manager to lead and oversee financial operations across multiple units within the group. The ideal candidate will have a strong financial acumen, a proven ability to handle complex financial management tasks, and experience in managing financial operations in a fast-paced environment. The Finance Manager will play a crucial role in ensuring the financial health and stability of the company, driving cost efficiencies, and supporting business growth.
Key Responsibilities:
Financial Management Across Operations:
- Oversee financial operations for multiple units within the group, ensuring accurate financial reporting and analysis.
- Monitor cash flow, budgets, and financial performance for all business units, identifying areas for cost-saving and optimization.
- Ensure financial controls are maintained across all operations to safeguard assets and manage risks effectively.
Budgeting & Forecasting:
- Lead the budgeting process for all units, collaborating with department heads to develop accurate financial plans.
- Prepare financial forecasts and variance analysis to guide strategic decision-making.
- Implement strategies for cost control and revenue optimization, ensuring alignment with business objectives.
Financial Reporting & Analysis:
- Prepare monthly, quarterly, and annual financial reports, providing insights into business performance.
- Analyze financial data, identify trends, and present recommendations for improvement to senior management.
- Monitor financial KPIs across the group and suggest actionable improvements.
Cost Control & Optimization:
- Develop and implement cost-effective strategies to enhance profitability across all units.
- Review and analyze operational costs, recommending ways to streamline processes and reduce wastage.
- Ensure adherence to budgets and optimize the allocation of financial resources.
Compliance & Risk Management:
- Ensure compliance with local accounting standards, tax regulations, and financial reporting requirements.
- Manage audits, statutory filings, and liaise with external auditors and regulatory authorities.
- Implement and monitor internal financial controls to minimize risks and ensure accuracy.
Team Leadership:
- Lead and manage the finance team, fostering a collaborative and high-performance culture.
- Provide guidance, mentorship, and training to finance staff to enhance their skills and ensure accurate financial operations.
Collaboration with Senior Management:
- Work closely with senior leadership to align financial strategies with business objectives.
- Provide financial insights and recommendations to support decision-making at the executive level.
Qualifications & Skills:
- Bachelor’s degree in Finance, Accounting, or a related field (Master’s/MBA preferred).
- Chartered Accountant (CA), Certified Management Accountant (CMA), or equivalent financial certification.
- Minimum 5-7 years of experience in finance management, preferably in the hospitality industry or multi-unit operations.
- Strong financial acumen and ability to manage multiple operations across a group.
- Excellent leadership, communication, and problem-solving skills.
- Proficiency in financial software (e.g., Tally, SAP, or similar), Excel, and other accounting tools.
- In-depth knowledge of financial regulations, accounting standards, and statutory requirements.
Compensation & Benefits:
- Monthly CTC salary of Rs. 70,000 to Rs. 75,000, based on experience and qualifications.
- Additional statutory benefits as per company policy.
