Finance |amp| Accounts Executive

Location: Indie Stays Hotel, [Santacruz East, Mumbai]
Reports to: Finance Manager/General Manager

Job Summary:

The Accounts & Finance Executive is responsible for managing the day-to-day financial activities of Indie Stays Hotel, ensuring accurate financial record-keeping, timely financial reporting, and adherence to all accounting and finance-related regulations. This role will play a crucial part in supporting the financial health of the hotel and assisting with budgeting, cash flow management, and financial compliance.

Key Responsibilities:

Accounting & Bookkeeping:
• Maintain accurate records of all financial transactions using accounting software (Tally, QuickBooks, etc.).
• Prepare and manage day-to-day bookkeeping, including sales, purchases, expenses, and bank reconciliations.
• Verify, allocate, and post transactions to the general ledger.
• Process payroll, ensuring compliance with statutory deductions like TDS, PF, and ESI.

Financial Reporting & Analysis:
• Prepare monthly, quarterly, and annual financial statements (balance sheets, P&L, cash flow statements).
• Assist in the preparation of the annual budget and financial forecasts.
• Conduct financial analysis to monitor the performance of the hotel and suggest cost control measures.
• Provide insights and recommendations for improving financial performance.

Taxation & Compliance:
• Manage GST compliance and ensure timely filing of GST returns.
• Handle TDS deductions and filings as per statutory requirements.
• Assist with audits and coordinate with external auditors and tax consultants.
• Ensure compliance with hotel industry-specific financial regulations and policies.

Accounts Payable & Receivable:
• Oversee the accounts payable process, ensuring timely payment to vendors and suppliers.
• Manage accounts receivable, ensuring timely collection of dues from clients or partners.
• Reconcile bank statements regularly and ensure proper fund flow management.

Cash Flow & Treasury Management:
• Monitor and manage daily cash flow to ensure smooth operations.
• Prepare cash flow statements and update senior management on liquidity.
• Assist in managing investments, loans, and banking relationships.

Inventory & Cost Management:
• Monitor hotel inventory purchases and consumption, ensuring cost-effective procurement.
• Analyze food and beverage costs and other department expenses for better control.

Job Type: Full-time

Pay: ₹15,000.00 - ₹25,000.00 per month

Schedule:
• Day shift

Education:
• Bachelor's (Preferred)

Experience:
• Taxation: 1 year (Preferred)
• total work: 1 year (Preferred)

Language:
• English (Preferred)

License/Certification:
• Tally (Preferred)

Work Location: In person

Application Deadline: 05/10/2024