Abhinav Kumar Singh
Summary
A highly accomplished Chartered Accountant with over a decade of experience in financial management, credit analysis, and financial leadership across the hospitality industry. Proven expertise in financial planning, budgeting, cost control, and strategic decision-making. Adept at managing large teams, streamlining financial processes, and enhancing overall profitability. Strong background in finance leadership roles within leading hotels.
Overview
12
12
years of professional experience
Work History
Director of Finance
DoubleTree by Hilton Goa Panaji
Goa Panaji
09.2023 - Current
- Overall management of the accounting records and financial reports of the hotel ensuring compliance with company, owner, statutory and fiscal requirements and timetables
- 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
- Oversee hotel profitability including accounting, credit, inventory control, risk management, budgeting, compliance and more
- Assist the General Manager in quantifying hotel operations revenues and costs to make important investment decisions
- 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 legal and tax compliance and that adequate insurance cover is maintained
- 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, ensuring that an effective programme of in-hotel audit is in place and that corrective action is promptly taken where required
- Give particular emphasis to ensuring that all revenue is captured, making use of a monthly control checklist and conduct interim self-audits as required
- Develop best practice financial accounting and control procedures, with continuous review and development with the aim of maximizing both impact and efficiency
- Preparation and analysis of daily cash flow statement, forecasting cash payments anticipating challenges arising from limited cash flow and ensuring that cash flows are adequate to allow business units to operate effectively
- Dealing with owners on various issues related to hotel.
Associate Director Finance
The Lodhi New Delhi (DLF Limited)
New Delhi
12.2021 - 09.2023
- Preparation and Analysis of Monthly P&L, Balance Sheet Reconciliation, Forecasting, Budgeting and MIS
- Preparation of financials Balance Sheet, Statement of Profit & Loss, Cash flow Statement, Statement of change in equity and Notes to accounts as per IND AS
- Preparation of fixed assets registers
- Managing entire GST functions: Preparation and filling of GSTR 1, GSTR 3B, GSTR 9
- Ensuring timely payment and timely filling of all statutory dues and returns e.g
- PF, ESIC, VAT, TDS
- Support month-end and year-end close process
- Ensure quality control over financial transactions and financial reporting
- Ensure all financial regulations are met, through the maintenance of adequate system of internal control
- Preparation and analysis of daily cash flow statement, forecasting cash payments, anticipating challenges arising from limited cash flow and ensuring that cash flows are adequate to allow business units to operate effectively
- Supervise the accounting department to ensure the proper functioning of all system, database and financial software
- Ensure timelines and accuracy of financial and management reporting data for management
- Coordinating with Statutory, Tax and Internal auditors to ensure timely completion of audit.
Financial Controller
Hilton Garden Inn Saket New Delhi(DLF Limited)
New Delhi
11.2019 - 12.2021
- Preparation and Analysis of monthly P&L, Balance Sheet Reco, forecasting, budgeting, MIS and identifying the cost saving opportunities
- Manage all accounting operations including Billing, A/R, A/P, and Payroll
- Support month-end and year-end close process
- Ensure quality control over financial transactions and financial reporting
- Manage and comply with local, state government reporting requirements and tax filings
- Ensure all financial regulations are met, through the maintenance of adequate system of internal control
- Preparation and analysis of daily cash flow statement, forecasting cash payments, anticipating challenges arising from limited cash flow and ensuring that cash flows are adequate to allow business units to operate effectively
- Prepare Capital reviews as required by General Manager, Accountancy and Finance department
- Supervise the accounting department to ensure the proper functioning of all system, database and financial software
- Ensure timelines and accuracy of financial and management reporting data for management
- Coordinating with Statutory, Tax and Internal auditors to ensure timely completion of audit
- Dealing with owners on various issues related to hotel.
Finance Manager
Courtyard by Marriott Siliguri Pre Opening
Siliguri
10.2018 - 11.2019
- Handling preparation of monthly MIS, Budgeting, Forecasting and management reports as well as undertaking analysis for key indicators to assist top management
- Efficiently managing the entire GST functions and ensures compliance with change in GST Laws
- Managing payroll processing functions
- Ensuring Timely Payment and timely filling of all statutory dues and returns e.g
- PF, ESIC, PT, TDS
- Ensure timely month end close
- Managing and overseeing the daily operations of accounting department, Monitoring and analyzing accounting data and enforcing proper accounting methods, policies and principles
- Dealing with various government departments
- Represents the finance department on the daily department heads meeting with the general manager
- Preparation and analysis of daily cash flow statement, forecasting cash payments anticipating challenges arising from limited cash flow and ensuring that cash flows are adequate to allow business units to operate effectively
- Handling Application and Renewal of licenses e.g
- FSSAI License, 5 Star classification, Liquor License, Trade License etc
- Dealing with owners on various issues related to hotel finance
- Dealing with insurance companies for hotel insurance claim
- Dealing with banks for issues related to banking
- Ensuring that materials used in the hotel should be procured at best prices.i.e
- Doing market survey with purchase department for checking the rates and quality of products.
Assistant Manager Finance and Accounts
The Lalit Great Eastern Hotel Kolkata
Kolkata
06.2016 - 09.2018
- Handling preparation of monthly MIS, Budgeting, Forecasting and management reports as well as undertaking analysis for key indicators to assist top management
- Efficiently manage the entire GST function e.g
- Preparation and filling of GST returns, Making timely GST payments and other GST Compliance e.g
- Ensure compliance with change in GST Laws
- Managing payroll processing functions
- Coordinating with Statutory auditors, Internal Auditors, Tax Auditors and Tax Consultants
- Ensuring Timely Payment and timely filling of all statutory dues and returns e.g
- PF, ESIC, PT, TDS
- Ensure timely month end close
- Managing and overseeing the daily operations of accounting department, Monitoring and analyzing accounting data and enforcing proper accounting methods, policies and principles
- Dealing with various government departments
- Represents the finance department on the daily department heads meeting with the general manager in absence of FC
- Manage all phases of Accounts Payable
- Preparation and analysis of daily cash flow statement, forecasting cash payments anticipating challenges arising from limited cash flow and ensuring that cash flows are adequate to allow business units to operate effectively.
Credit Manager Business Loan
Bajaj Finance Ltd
Asansol
01.2015 - 06.2016
- Underwriting the loan appraisal of SMEs
- Monitor credit request and forward to approving authority/Approve it or disapproved it after analyzing the credit worthiness of client by reviewing the financial statements of past 2 years and projection of next 1 year and other factors
- Analyzing the critical ratios/factors which have major impact on the business
- Cibil Analysis
- Meeting with the clients and understanding their needs and requirements.
Assistant Manager Finance and Accounts
The Alcor Hotel Jamshedpur
Jamshedpur
10.2012 - 01.2015
- Making timely payments of Statutory Dues and timely filling of Returns i.e
- Service Tax, VAT, Luxury Tax, Professional Tax, Electricity Duty and TDS
- Generating C Form & Road Permit
- Handling Assessments of Indirect Taxes
- Checking TDS, Service Tax, Luxury Tax, Professional Tax and Vat compliance
- Interaction with Internal & Statutory Auditors for getting audit done & reply to queries of auditors
- Overseeing advance control for advance payment and follow up with purchaser
- Preparing and following up up of bills receivables after invoicing to debtors, conducting ageing analysis with an aim to keep receivables under control
- Ensuring that all payments are made to suppliers within the stipulated time frame and managing accounts payable within the preset parameters
- Verifying Vouchers & Conducting Internal Audit
- Inventory Management
- Checking of Pay Roll, Salaries and compliance of PF and ESIC
- Checking daily Report
- Dealing with various government departments
- Monitor, Control & Ensure Smooth functioning of Accounts department
- Prepare monthly financial statements.
Education
Chartered Accountant(CA) -
Institute of Chartered Accountants of India
New Delhi05-2012
BCOM(H) -
St. Xavier’s College Ranchi
Ranchi03-2009
Skills
- Financial Planning & Analysis
- Budget Development & Management
- Strategic Financial Planning
- Operational Efficiency
- Financial Reporting & Compliance
- Team Leadership & Development
- Asset Management
- Cost Control & Reduction
- Internal Controls & Risk Management
Others
Excel, Word, Web Prolific, Tally, IDS Next V 2.0, Opera, SUN, Check SCM, People Soft
Personal Information
- Date of Birth: 01/22/89
- Nationality: Indian
Timeline
Director of Finance
DoubleTree by Hilton Goa Panaji
09.2023 - Current
Associate Director Finance
The Lodhi New Delhi (DLF Limited)
12.2021 - 09.2023
Financial Controller
Hilton Garden Inn Saket New Delhi(DLF Limited)
11.2019 - 12.2021
Finance Manager
Courtyard by Marriott Siliguri Pre Opening
10.2018 - 11.2019
Assistant Manager Finance and Accounts
The Lalit Great Eastern Hotel Kolkata
06.2016 - 09.2018
Credit Manager Business Loan
Bajaj Finance Ltd
01.2015 - 06.2016
Assistant Manager Finance and Accounts
The Alcor Hotel Jamshedpur
10.2012 - 01.2015
Chartered Accountant(CA) -
Institute of Chartered Accountants of India
BCOM(H) -
St. Xavier’s College Ranchi
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