JOB DESCRIPTION – FINANCE CONTROLLER

Finance Controller

Department

Finance & Accounts

Location

Corporate Office / Multi-Property Operations

Reporting To

Chief Financial Officer / Senior Vice President – Finance

Role Overview

The Finance Controller will be responsible for overseeing the financial operations, accounting, reporting, budgeting, controls, and compliance of the assigned properties/business units. The role will ensure accurate financial reporting, effective cost management, strong internal controls, statutory compliance, and timely financial decision-making across the organization.

Key Responsibilities

1. Financial Accounting & Reporting

- Oversee day-to-day accounting and financial operations across assigned properties.
- Ensure accurate and timely preparation of monthly, quarterly, and annual financial statements.
- Review P&L;, Balance Sheet, Cash Flow, Trial Balance, and other financial reports.
- Monitor revenue, expenses, profitability, working capital, and cash flows.
- Ensure proper accounting of hotel revenue, expenses, assets, liabilities, and inter-company transactions.
- Provide financial analysis and insights to management for business decisions.

2. Budgeting & Forecasting

- Coordinate the preparation of annual budgets for properties/departments.
- Monitor actual performance against budget and provide variance analysis.
- Prepare forecasts and financial projections based on business performance.
- Identify areas of cost overruns and recommend corrective measures.
- Support management in achieving financial and profitability targets.

3. Cost Control & Revenue Monitoring

- Monitor hotel revenues, expenses, departmental costs, food & beverage costs, payroll costs, and operating expenses.
- Review daily revenue reports and ensure proper reconciliation of revenue from all departments.
- Ensure effective controls over cash, credit card transactions, receivables, inventory, and other financial assets.
- Work closely with Operations and F&B; teams to improve cost efficiency and profitability.

4. Internal Controls & Audit

- Establish and strengthen financial controls and accounting procedures.
- Ensure compliance with company policies, SOPs,



and financial guidelines.
- Conduct regular reviews of financial processes and identify control gaps.
- Coordinate internal, statutory, tax, and external audits.
- Ensure timely closure of audit observations and implementation of corrective actions.

5. Statutory & Regulatory Compliance

- Ensure timely compliance with applicable statutory requirements, including GST, TDS, Income Tax, PF, ESIC, and other applicable regulations.
- Coordinate with consultants and statutory auditors wherever required.
- Ensure accurate and timely submission of statutory returns and financial documentation.
- Keep management updated on significant changes in financial and taxation requirements.

6. Accounts Receivable & Payable

- Monitor outstanding receivables and ensure timely collection from customers, corporates, travel agents, OTAs, and other business partners.
- Review ageing reports and follow up on long-outstanding balances.
- Ensure timely processing and payment of vendor invoices as per approved procedures.
- Maintain appropriate controls over vendor payments and advances.

7. Inventory & Asset Management

- Monitor inventory accounting and stock controls across properties.
- Review physical stock verification and reconciliation reports.
- Ensure proper accounting and control of fixed assets.
- Monitor capital expenditure and ensure expenditure is within approved budgets.

8. Team Management

- Lead, guide, and develop the Finance & Accounts team.
- Set clear responsibilities and performance expectations for team members.
- Review team performance and ensure timely completion of financial activities.
- Coordinate with Unit GMs, HODs, Corporate HR, Operations, and other departments.

9. Management Support & Business Partnership





- Provide financial insights and recommendations to senior management.
- Highlight financial risks, control issues, unusual transactions, and significant variances.
- Participate in business reviews and management meetings.
- Support recent hotel openings, renovations, projects, and other business initiatives from a finance perspective.

Key Performance Areas (KPIs)

- Accuracy and timeliness of monthly financial reporting
- Budget adherence and variance control
- Revenue and profitability monitoring
- Cost control and reduction
- Receivables and working capital management
- Statutory and tax compliance
- Audit compliance and closure of observations
- Internal financial controls
- Cash flow management
- Timely completion of month-end and year-end closing
- Team productivity and development

Qualifications

- CA / CMA / MBA Finance / M.Com / equivalent qualification preferred.
- Bachelor's degree in Commerce, Finance, or Accounting is required.

Experience

- 8–12 years of relevant experience in Finance & Accounts.
- Prior experience in the hospitality/hotel industry is strongly preferred.
- Experience handling multiple properties / multi-unit operations will be an advantage.
- Strong experience in financial reporting, budgeting, cost control, audits, taxation, and internal controls.

Key Skills

- Financial Planning & Analysis
- Budgeting & Forecasting
- Hotel Finance & Cost Control
- Financial Reporting
- Statutory Compliance
- Internal Controls & Audit
- Cash Flow & Working Capital Management
- MIS & Management Reporting
- Team Leadership
- Advanced MS Excel and financial/accounting systems
- Strong analytical and problem-solving abilities
- Excellent communication and stakeholder-management skills

Competencies

- Financial acumen
- Commercial awareness
- Attention to detail
- Integrity and confidentiality
- Analytical thinking
- Decision-making
- Leadership and people management
- Strong ownership and accountability
- Ability to work under deadlines
- Cross-functional collaboration

Pay: From ₹100,000.00 per month

Benefits:

- Food provided
- Health insurance
- Provident Fund

Work Location: In person

📌 Finance Controller (Mumbai City)
🏢 Ramee Group of Hotels
📍 Mumbai City