Financial Operations Manager
6 days ago
Job Summary:
We are seeking an experienced Corporate Financial Director to oversee and manage the financial operations of our hospitality business. The ideal candidate will be responsible for developing and implementing financial strategies aligned with business goals.
Key Responsibilities:
- Financial Planning & Budgeting:
- Develop annual budgets, forecasts, and financial models to support decision-making.
- Conduct financial risk assessments and devise mitigation strategies.
- Financial Reporting & Compliance:
- Ensure accurate financial reporting, MIS preparation, and variance analysis.
- Manage P&L statements, balance sheets, and cash flow statements.
- Oversee statutory compliance including GST, TDS, corporate tax, and other regulatory requirements.
- Coordinate with auditors for internal and external audits, ensuring compliance with all financial regulations.
- Cost Control & Profitability Optimization:
- Monitor operational expenses and implement cost-saving initiatives.
- Conduct financial analysis and benchmarking to optimize profitability.
- Evaluate supplier contracts and procurement costs to improve efficiency.
- Cash Flow & Treasury Management:
- Ensure efficient cash flow management for smooth business operations.
- Manage vendor payments, payroll processing, and financial reconciliations.
- Monitor banking transactions, loan management, and fund allocations.
- Stakeholder & Team Management:
- Work closely with the senior management team to provide financial insights and recommendations.
- Liaise with banks, auditors, tax consultants, and regulatory authorities.
- Lead and mentor the finance team, ensuring adherence to best accounting practices.
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