12 Sep
|
Modern Growth Technologies
|
New Delhi
12 Sep
Modern Growth Technologies
New Delhi
JD- Assistant General Manager
Location: Kalkaji, Delhi, India
Reports to: CEO/ General Manager/Board of Directors
Timings 8.5 Hours (Between 1PM 11PM)
Working days 5.5 Days (Monday Friday + any 2 Saturdays in a month)
Overview:
The Squa.re (Modern Growth Technologies Pvt. Ltd.), providing shared services for leading global corporate
travel and travel tech marketplaces is seeking an experienced Assistant General Manager
This is a critical leadership role responsible for overseeing UK property accounting operations across a
portfolio of properties, serviced apartments, and hospitality assets.
Key Responsibilities
1. Property Portfolio Management
- Oversee the end-to-end management and financial performance of a portfolio of UK properties/hospitality assets.
• Work closely with property managers and operational teams to ensure smooth and profitable property operations.
• Monitor property-wise performance, occupancy, revenue, operating costs and profitability.
• Identify underperforming properties and develop corrective action plans.
• Support business decisions relating to new property acquisitions, portfolio optimization and exit of
non-profitable properties.
• Ensure effective integration and financial setup of newly acquired properties.
2. Revenue Growth &Profitability;
• Partner with property and business teams to identify opportunities for revenue growth and margin improvement.
• Monitor property-level revenue performance and key commercial metrics.
• Identify opportunities to improve occupancy, pricing, utilization and other revenue streams.
• Analyze property profitability and recommend commercially viable actions.
• Drive initiatives to improve overall portfolio EBITDA/profitability.
3. Cost Control & Optimization
• Take ownership of property-level cost control and cost optimization.
• Monitor operating expenses against budgets and identify areas of cost leakage.
• Review vendor costs, contracts, service charges and other property-related expenses.
• Drive commercial negotiations and identify opportunities for savings without compromising service quality.
• Conduct regular budget vs. actual variance analysis and ensure corrective actions are implemented.
• Establish effective financial and operational controls across the portfolio.
4. Working Capital & Cash Flow Management
• Oversee working capital management across the property portfolio.
• Monitor collections, payables, deposits, outstanding receivables and cash requirements.
• Improve cash conversion and ensure efficient utilization of working capital.
• Oversee cash-flow forecasting and liquidity requirements.
• Work with property and finance teams to minimize working capital blockages.
5. Financial Reporting & Property P&L;
• Prepare and review property-wise P&L; for quarterly management review.
• Review monthly, quarterly and annual financial performance of individual properties and the overall
portfolio.
• Analyze revenue, operating costs, margins, EBITDA and cash flows.
• Provide management with actionable financial and commercial insights.
• Support preparation of budgets, forecasts and long-term financial plans.
6. Portfolio Accounting & Financial Controls
• Oversee property-related accounting activities, including:
- Rent rolls
- Security deposits
- Fee splitting
- Expense recharges
- Inter-property transactions
- Property-level expenses
• Ensure appropriate accounting controls and compliance with applicable UK regulations.
• Work with the accounting team to ensure accurate and timely financial reporting.
7. Team Leadership
• Lead, manage and mentor the property/finance team.
• Set clear objectives and ensure timely delivery of portfolio reporting and operational requirements.
• Act as a senior escalation point for property, financial and commercial matters.
• Build a strong performance-oriented team culture.
8. UK Stakeholder Management
• Work closely with London-based management, property managers, business teams and other
stakeholders.
• Build strong relationships with UK stakeholders and provide transparent commercial and financial insights.
• Demonstrate excellent verbal and written communication skills and confidence in senior-level discussions.
• Represent the India-based team effectively when dealing with London stakeholders.
9. Compliance & Governance
• Ensure compliance with applicable UK accounting, property and regulatory requirements.
• Coordinate with auditors, advisors and government authorities wherever required.
• Ensure appropriate governance, documentation and internal controls across the property portfolio.
📌 Assistant General Manager Finance-UK (New Delhi)
🏢 Modern Growth Technologies
📍 New Delhi