Finance Manager

About Raffles Udaipur

Raffles Udaipur opened in 2021, its ornamental gardens, tumbling fountains and stately Indo-Saracenic architecture describing a love story between India and the West. Set on a 21-acre private island rich with birdlife and exotic flora and fauna, this contemporary reimagining of a country mansion is the first Raffles hotel in India. Just 20 minutes from the airport, Raffles Udaipur spans a private island and serene lakeshore. Begin your journey with a graceful boat ride, guided by migratory birds. Discover 137 rooms and suites, 10 dining experiences, two pools, wellness rituals, and the timeless care of the Raffles Butler.

We are seeking an experienced and detail-oriented Finance Manager to join our organization in Udaipur, India. In this pivotal role, you will oversee all financial operations, lead a dynamic finance team, and drive strategic financial planning to support organizational growth. You will be responsible for ensuring accurate financial reporting, maintaining robust internal controls, and providing actionable insights to senior management. This is an excellent opportunity for a collaborative and analytical professional who is passionate about financial excellence and team development.

Responsibilities

Financial Reporting & Compliance

• Oversee the daily operations of the Finance Department and ensure accurate, efficient workflow
• Manage month-end and year-end closing processes in accordance with established timelines
• Prepare statutory financial statements, management accounts, and comprehensive Profit and Loss reports
• Ensure compliance with accounting standards, tax regulations, and organizational financial procedures
• Maintain effective internal controls and segregation of duties across all financial functions
• Coordinate with external auditors and tax authorities on audit and compliance matters

Accounts Management

• Supervise and review Accounts Payable and Accounts Receivable activities
• Ensure timely processing of invoices, payments, and collections
• Monitor outstanding receivables and follow up on overdue accounts
• Verify cash, credit card, and other payment transactions for accuracy
• Investigate discrepancies and implement corrective actions

Budget & Cost Control

• Prepare annual budgets and financial forecasts in collaboration with department heads
• Monitor departmental expenses against approved budgets and analyze variances
• Provide strategic recommendations to management for cost optimization and efficiency improvements
• Support and drive effective cost-control initiatives throughout the organization
• Analyze revenue reconciliation and identify opportunities for financial improvement

Team Leadership & Development

• Lead, motivate, and develop the Finance team, fostering a culture of collaboration and accountability
• Provide coaching, training, and mentorship to improve team performance and professional growth
• Ensure work is completed accurately and within established deadlines
• Promote teamwork, professional standards, and continuous improvement within the Finance Department
• Create a supportive environment where colleagues feel trusted and inspired to grow

Internal Controls & Risk Management

• Establish and maintain strong internal controls to safeguard organizational assets
• Identify financial risks and recommend appropriate control measures
• Assist with internal, external, and statutory audits
• Maintain proper financial records and supporting documentation
• Ensure transparency and accountability in all financial transactions

Payroll & Inventory Coordination

• Review monthly payroll and related financial reports for accuracy and compliance
• Verify payroll-related costs, deductions, and supporting documentation
• Coordinate with Human Resources to ensure payroll accuracy and regulatory compliance
• Monitor inventory reports and investigate significant variances
• Support regular stock-taking and ensure proper inventory controls

Qualifications

Education

• Bachelor's degree in Accounting, Finance, Economics, or a related discipline

Professional Experience

• Significant professional accounting and finance experience with a proven track record of success
• Demonstrated experience in a senior finance or team leadership position
• Practical experience in statutory reporting and managing month-end and year-end closing processes
• Experience working with external auditors, tax authorities, and regulatory bodies
• Proven ability to lead, coach, and develop accounting and finance teams
• Experience in budget management, cost control, and financial forecasting
• Background in accounts payable, accounts receivable, and revenue reconciliation

Technical Skills & Tools

• Advanced proficiency in Microsoft Excel and financial modeling
• Hands-on experience with accounting systems and financial software
• Strong analytical and problem-solving abilities
• Excellent organizational and time management skills
• Proficiency in financial analysis, reporting, and data interpretation

Knowledge & Expertise

• Comprehensive knowledge of accounting principles and tax regulations (including VAT and withholding tax)
• Strong understanding of internal controls, financial compliance, and segregation of duties
• Familiarity with payroll management and inventory control procedures
• Knowledge of risk identification and mitigation strategies

Interpersonal & Communication Skills

• Exceptional attention to detail and ability to meet demanding deadlines
• Strong communication and stakeholder management abilities
• Collaborative approach with the ability to work effectively across departments
• Leadership qualities with a focus on team development and motivation
• Professional proficiency in English (written and verbal)

Preferred Qualifications

• Professional accounting certification (CPA, CA, or equivalent)
• Experience in a hospitality, retail, or multi-departmental organization
• Familiarity with enterprise resource planning (ERP) systems
• Experience with financial forecasting and strategic planning