Finance Executive - Payable

Job Description

Finance Executive – Payable (HOT0C54Y)

HOT0C54Y

Hilton Bengaluru, Embassy Tech Village, Devarabisnahalli, Outer Ring Road – Bengaluru 560103

With thousands of hotels in over 100 countries and territories, Hilton offers countless opportunities to delight. From an open door to a welcoming smile and an exceptional experience, we offer the millions of travellers who stay with us every year a welcome they will never forget. In addition to our flagship brand, Hilton Hotels & Resorts, the family of brands includes Waldorf Astoria, LXR, Conrad, Canopy, Curio Collection, Double Tree, Hilton Garden Inn, Hampton and many others.

If you appreciate the impact global travel can have on the world, you may be just the person we are looking for to work as a Hilton Team Member. Because it’s with Hilton where we never forget the reason we’re here: to delight our guests, Team Members, and owners alike.

The Finance Manager will develop the quality of the Finance function within the hotel and provide support and technical expertise to the other members of the team. This role will be responsible for all accounting and financial requirements for the hotel in an environment of tight control, providing financial support, advice and expertise to the General Manager and hotel team, with the aim of maximizing value.

• Overall management of the accounting records and financial reports of the hotel, ensuring compliance with company, owner, statutory and fiscal requirements and timetables.
• Where applicable, the above must include the accounts for Hilton International’s branch or subsidiary.
• Ensure that the balance sheet is a fair reflection of the assets and liabilities of the hotel. The balance sheet must be regularly reviewed, and reconciliations performed of all accounts.
• Ensure compliance with the management agreement with Hilton International, and any Owner / Lease agreement.
• Maintain a focused system of internal controls, which will provide an effective and efficient control over the hotel assets, liabilities, revenue and costs, ensuring compliance with company policy.
• Maintain control over the hotel’s assets, liabilities, income and expenditure on behalf of both the Operator and Owner and provide management, leadership and accountability for the financial performance of the hotel.
• Ensure legal and tax compliance and that adequate insurance cover is maintained. Manage the pension scheme, where applicable, ensuring that adequate accounting, actuarial and legal controls are in place.
• Ensure valid permits and licenses have been obtained for such matters as importation, currency transfers and hotel operations (bars, clubs, casinos etc.).
• Take responsibility for the safekeeping and updating of all leases and contracts, which may affect the financial status of the hotel.
• Liaise and co‑operate with both Internal and External Audit to ensure that an effective programme of in‑hotel audit is in place and that corrective action is promptly taken where required.
• Give particular emphasis on ensuring that all revenue is captured, making use of a monthly control checklist and conduct interim self‑audits as required.
• Develop best practice on financial accounting and control procedures, make sure financial reporting and control is an area of continuous review and development with the aim of maximizing both impact and efficiency.

• Develop high quality management information and performance measurement that is timely, accurate.
• Implement reporting that incorporates benchmarking, identification and measurement of key performance indicators, and use of the balanced scorecard. Reporting should not only look to historical performance within the hotel, but also outward and forward.
• Ensure all corporate reporting is timely, accurate, internally consistent and that, inter alia, Datalink report, Pro‑plant system, management reports, trends of operation reports, incremental conversion reports, profit and loss statements, balance sheets and cash flow reports reconcile to the trial balance. Maintain proof of such reconciliations which are conducted each…