Finance Controller

About The LaLiT

We are one of the leading privately-owned domestic hotel brands in India, engaged in the business of operating and managing hotels, palaces and resorts, with a focus on the luxury segment. We operate 12 luxury hotels, palaces and resorts under The LaLiT brand and two mid-market segment hotels under The LaLiT Traveller brand across India’s key business and leisure travel destinations, offering 2,261 rooms, In addition, we hold the exclusive rights to operate and provide management consultancy services to a hotel in London, The LaLiT London, offering 70 rooms.

Our luxury hotels operating across India under The LaLiT brand our grouped into the following three categories:

City hotels: The LaLiT New Delhi, The LaLiT Mumbai, The LaLiT Ashok Bangalore, The LaLiT Great Eastern Kolkata, The LaLiT Jaipur and The LaLiT Chandigarh.

Palaces: The LaLiT Laxmi Vilas Palace Udaipur and The LaLiT Grand Palace Srinagar.

Resorts: The LaLiT Golf & Spa Resort Goa, The LaLiT Resort & Spa Bekal (Kerala), The LaLiT Mangar and The LaLiT Temple View Khajuraho.

Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)

Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances

Ensure excess cash is managed to maximize earning potential

Prepares outlooks for forthcoming months and forecasts for the remainder of the year

Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget

Prepare consolidated quarterly position assessments for the General Manager

Distributes outlook and forecast information as an up to date management tool for operating departments

Implement and review financial controls and policies

Analyse financial and management reports

Design internal reporting systems required by the department and hotel

Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Policies and Procedures

Employ adequate internal control procedures to ensure correct authorization for payment procedures

Manage internal and external audits when they occur

Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance

Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments

Identifies staff with potential for promotion and/or transfer within Accounting operation

Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations

Provides safekeeping, including proper storage and access for all contracts, leases and other financial records

Follows up on all capital expenditures to ensure compliance with original justification and approval

Participates in local recognized professional and industry organizations

Recommends and maintains appropriate list of delegation of authority for hotel management

Conducts monthly inspections and tests to ensure all departments are complying with required procedures

Performs those duties required by the controls checklist issued by CFO

Reviews prices and recommends pricing strategy to the General Manager

Implements and maintains acceptable accounting practices and procedures as required , generally accepted accounting practices, and as affected by local conditions

Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items

Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s

Assists and provides financial guidance in the formulation and implementation of Strategic Plan, Budget and KPO’s (Goals Program)

Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances

Ensure excess cash is managed to maximize earning potential

Prepares outlooks for forthcoming months and forecasts for the remainder of the year

Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget

Prepare consolidated quarterly position assessments for the General Manager

Distributes outlook and forecast information as an up to date management tool for operating departments

Implement and review financial controls and policies

Analyse financial and management reports

Design internal reporting systems required by the department and hotel

Evaluate existing internal control measures that apply to accounting procedures and computer systems as per Policies and Procedures

Employ adequate internal control procedures to ensure correct authorization for payment procedures

Manage internal and external audits when they occur

Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance

Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments

Identifies staff with potential for promotion and/or transfer within Accounting operation

Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations

Provides safekeeping, including proper storage and access for all contracts, leases and other financial records

Follows up on all capital expenditures to ensure compliance with original justification and approval

Participates in local recognized professional and industry organizations

Recommends and maintains appropriate list of delegation of authority for hotel management

Conducts monthly inspections and tests to ensure all departments are complying with required procedures

Performs those duties required by the controls checklist issued by CFO

Reviews prices and recommends pricing strategy to the General Manager

Implements and maintains acceptable accounting practices and procedures as required , generally accepted accounting practices, and as affected by local conditions

Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items

Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s

Key Tasks

Drive For Results

• Compete against a standard of excellence by setting high performance standards and pursuing aggressive goals
• Strive for constant improvements and take responsibility for achieving business results and persevere despite obstacles
• Courage and Conviction
• Use your beliefs and values to benefit the success of the business
• Take calculated risks
• Constructively challenge the views and opinions of others and question your own assumptions
• Take on board new ways of thinking
• Take personal ownership for action
• Understanding the Market
• Seek knowledge on different aspects of internal and external marketplace and inquire about underlying aspects of the business
• Gather information from a variety of sources to establish the different facts affecting the business
• Demonstrate an understanding of issues relevant to the business and keep your knowledge up to date including legislative information
• Strategic Thinking and Innovation
• Stand back and think about the broader perspective in order to visualize the way forward
• Think about he future and create innovative ideas in order to maximize market opportunities
• Recognize the need for new and modified approaches which will benefit the business

Customer Focus

• Build and maintain positive relationships with all customers and guests in order to exceed their needs
• Take action to address these needs in order to exceed their expectations
• Create a positive hotel image in every interaction with internal and external customers

• Champion hotel brand standards

Ensure your direct reports have current guest focused standards and procedures which are used effectively for training purposes

Understanding People

• Demonstrate an insight into the behaviour and interests of individuals and use this knowledge to motivate people
• Understand human behavioural trends in the marketplace and use this to take initiatives
• Working within Organisations
• Regularly read to understand the relationships within the business and other organizations such as customers and suppliers and use this knowledge to predict situations and influence outcomes
• Demonstrate a flexible and mature management style and adapt your actions to influence others to achieve results
• Adhere to InterContinental Hotel Group Corporate Code of Conduct
• Impact and Influence
• Promote your ideas persuasively, and shape the opinion of subordinates and overcome resistance
• Build consensus for action and negotiate mutually beneficial solutions to problems
• Leading to Win
• Inspire your teams to achieve and exceed the overall business objectives
• Communicate a compelling vision and crate enthusiasm and commitment
• Motivate a broad range of people through changing circumstances

Building Capacity

• Recognize and develop the potential of yourself and your direct reports
• Use strengths of others to build organization capability for the future and recognize the advantage diversity brings
• Identify and develop talented individuals to benefit ICHG
• BCOM / CA / Master Degree with (7-9) years of relevant experience in Hospitality

CIMA - Mandatory

Should be London based

Expats welcome