Assistant Vice President- Finance

4 days ago

Odisha India Corporate Bhubaneswar MAYFAIR Hotels & Resorts Limited Full time ₹ 12,00,000 - ₹ 36,00,000 per year

JOB PURPOSE:

Managing the Finance and Accounting Operations, Materials Management, Legal and Secretarial function and IT Systems of the Hotel Group within the context of the hospitality industry, driving financial and procurement strategies and its implementation, ensuring profitability, and operational excellence in all the related processes.

Formulating strategies for IT and driving digitization and automation. Ensuring high levels of Corporate Governance meeting all statutory, legal and regulatory requirements.   

Strategic Finance

Developing and implementing a comprehensive financial strategy aligned with the organization's business objectives in the hospitality industry.Leading the annual budgeting process and providing ongoing financial forecasts and projections to guide strategic decisions.Plan, evaluate and finalize fund requirements for meeting capital expenditure and working capital needs.Strategizing to maximize shareholders wealth

Financial Management

Overseeing the preparation and analysis of financial statements, performance metrics, and KPIs to assess the financial health of the organization. Preparation and review of Management reports every month which will form the basis of strategic decision making including sponsoring cost optimization initiatives.Managing capital expenditure planning and allocation for property improvements, renovations, and expansions.Developing and implementing cash flow management strategies to ensure adequate liquidity for day-to-day operations and strategic initiatives.Ensuring that the effective Income tax rate of the Company is optimized and tax litigation is minimized

 Material Management 

Developing procurement strategies and finalizing material management budget.Reviewing performance of material management function Develop strategic relations with key vendors to optimize the supply chain management

 Corporate Governance

Overseeing all regulatory requirements of Secretarial functions are met. Reviewing and ensuring compliance with relevant financial regulations, industry standards, and tax requirements.Monitoring all licensing requirements are met within timelines.  

 Information Technology

Finalizing strategies for Information Technology interventions including digitization and automation in line with business strategies. Reviewing and monitoring IT initiatives for new projects and existing properties including budget, timelines and effectiveness of implementation

 People Development

Putting in place a framework, in consultation with HR, for the career growth leadership development and succession planning of the team 

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