Finance Executive

3 weeks ago

Mumbai Maharashtra, India Morpheus Human Consulting Full time

Reference Code:

- 532-16
- Job Title:
**Finance Executive - Hotel Industry - Mumbai**
- Category:

- Hotel
- Job Description:

- Job Title: Finance Executive - Hotel Industry - Mumbai
- Job Responsibility
- ? To ensure accurate and timely maintenance of hotel accounts
- ? Adherence to the established accounting procedures
- ? To assist the Financial Controller
- ? To ensure strict financial discipline in the unit
- ? To facilitate the achievement of the desired financial results.
- ? To ensure that the hotel’s computer systems and their software are fully utilized, well safeguarded and properly maintained.
- ? To implement future changes/additions to the electronic data processing systems of the hotel.
- ? To ensure that there are, at all times, proper procedures and controls for the guest cashiers and other cashiers in the hotel, notwithstanding the fact that these areas are not the direct responsibility of the controller.
- To ensure proper controls for F&B cashiers.
- ? To ensure that there are, at all times, proper procedures and controls for
- urchasing, receiving, stores and requisitioning.
- ? To ensure that physical inventories of all supplies are being taken on
- a monthly basis and of all operating equipment on a quarterly basis.
- ? To ensure that the hotel complies with the established credit and collection procedures, with particular attention to front office, group and meetings/banqueting processes.
- ? To check and approve expenditures (via purchase requests, expenditure approval forms and purchase orders) in accordance with established procedures.
- ? To approve and sign payments in accordance with established procedures.
- ? To ensure that bank account statements are checked on a daily basis. To ensure that bank accounts are reconciled each month.
- ? To ensure that all revenue due to the hotel is properly accounted for and
- econciled.
- ? To ensure that all receivables are collected within the hotel’s credit periods.
- ? To ensure that payments are made for all goods and services on a timely basis. To ensure that all payments are adequately supported by documentation, properly coded and properly authorized. To ensure that suppliers’ accounts are reconciled to the hotel’s
- records on a regular basis.
- ? To ensure that payments are properly calculated, authorized and paid on a timely basis to employees. To ensure returns, declarations and administration are properly
- handled concerning Inland Revenue, Pension Trustees and other relevant bodies.
- ? To ensure that proper deductions are made at all times for PAYE, NI, pensions and other relevant items.
- ? To ensure that proper records are kept for all inventory items.
- ? To ensure that payments and returns are made accurately and on a timely basis to Customs and Excise in respect of value added tax. To ensure that compliance is continuous and that refunds are appropriately kept for inspection by external bodies.
- ? To ensure that all revenue and expenditure are properly recorded in the general ledger. To ensure that all balances are reconciled on a regular basis.
- ? To ensure that disbursements made by the General Cashier are properly authorized and adequately supported by documentation. To ensure that the float of the General Cashier is verified daily.
- ? To keep and safeguard the hotel’s contracts and agreements.
- ? To liaise with internal and external auditors in compliance with the company’s requirements
- ? To assist in the renewal of insurances.To administer insurance claims.
- ? To provide information required for the preparation of corporation tax computation.
- ? To assist in the preparation of the year end statutory accounts.
- ? The following require the approval of the finance director:

- Purchase orders over, Expenditures (including capital expenditures) not within budget, Payments exceeding ,Rebates and write offs over, Changes to established policies, controls and procedures.
- Key Skills:

- Mandatory: Data entry for vouchers, Tally, reconciliation
- Target Industry: 5 Star Hotels only
- Gender: Open
- Experience: 4+ years
- Job Location: Cuff Parade, Mumbai
- Working Days: 6 daysQualification: Graduate/Post Graduate
- Notice Period: Immediate to 30 days only- About Morpheus Consulting:
- Recruitment is a people-focused business - our success and growth are reliant upon our people. Our team of 130 consultants based in Middle east, Asia and Africa offer a blend of international recruitment experience, coupled with a platform of local market and industry knowledge. Morpheus Consulting has its presence since 2007 and has established itself as a reputed recruitment specialist in its industry.-
- Location:

- Mumbai
- Required Experience:

- 2-4 yrs
- Positions:

- 1

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