Ajeet Bisht
Dehradun
Summary
Talented professional with expertise managing all aspects of financial operations. Adept in improving internal controls to mitigate risks and developing high-performing teams. Accomplished in guiding financial strategies that contribute to exponential organizational growth.
Overview
11
11
years of professional experience
Work History
Financial Controller
Fairfield by Marriott Dehradun
Dehradun
09.2022 - Current
- Developed and implemented financial policies, procedures, and internal controls.
- Analyzed financial statements to identify potential risks and opportunities for improvement.
- Prepared monthly, quarterly, and annual financial reports for management review.
- Oversaw accounts payable and receivable functions, cash flow management, budgeting and forecasting.
- Reviewed bank reconciliations on a regular basis to ensure accuracy of data.
- Ensured compliance with all applicable federal and state regulations related to accounting practices.
- Coordinated audits by external auditors in accordance with GAAP standards.
- Managed month-end closing process including journal entries and account analysis.
- Maintained accurate records of all financial transactions in the general ledger system.
- Provided guidance to staff on accounting issues such as revenue recognition principles.
- Established key performance indicators to monitor progress towards organizational goals.
- Created detailed budgets for each department within the organization.
- Performed variance analysis between actual results and budgeted amounts.
- Identified areas of cost savings or increased efficiency through process improvements.
- Assisted in the preparation of tax filings in accordance with local laws.
- Negotiated contracts with vendors and suppliers to secure best terms possible.
- Advised senior management on making informed decisions regarding capital investments.
- Collaborated with IT department to optimize use of software systems for tracking finances.
- Conducted research into new technologies that could improve financial operations.
- Evaluated existing processes for effectiveness and developed recommendations for improvement.
- Managed organizational cash flow and cash flow forecasting.
- Prepared monthly financial reports and complied with reporting procedures.
- Managed and directed budgets, expenditures, accounting, financial reporting.
- Communicated financial reporting to shareholders.
Assistant Finance Manager
JW Marriott Mussoorie Walnut Grove Resort & Spa
Mussoorie
09.2014 - 09.2022
- Acting as a No. 2 in the Department, reporting directly to the Financial Controller and assisting him in work and decision making.
- Finalize the consolidation of the balance sheet with the owners, along with the financial controller.
- Month-end closure: Finalizing Profit & Loss for the month, booking of accruals and statistics, review with user departments, and allocation of expenses.
- Reconciliation of Assets and Liabilities on monthly basis.
- Owner’s Reporting – Monthly P&L submissions, Owners docket, Ledger Reconciliations.
- Detailed MIS Reporting.
- Direct & Indirect Taxes – Verification, Payments, Reconciliation, preparation & filing of monthly & quarterly statutory returns.
- Payroll Processing - Checking and processing of monthly salary.
- Processing of Foreign Remittance.
- Preparation of monthly Food & Beverage Cost.
- Owner Relation – To handle Owner Auditors and maintaining owner relationship.
Assistant Accountant
Fortune The Savoy, Mussoorie (ITC Hotels Group)
Mussoorie
05.2013 - 08.2014
- Assisted in preparation of monthly financial statements and management accounts.
- Managed daily banking transactions, including deposits, withdrawals, and transfers.
- Verified accuracy of invoices and other accounting documents or records.
- Performed month-end close procedures such as journal entries and reconciliations.
- Audit of various reports everyday pertaining to revenue generated in all points of sale in the Hotel, in line with the internal control policies of the company.
- Audit of all the room rates and in case discount has been offered same has the necessary approval as prescribed in the Micros.
- Audit of all the allowance vouchers and to check that same has necessary approvals as prescribed in the Opera.
- To verify that prescribed taxes are being calculated correctly by the Opera & Micros and hence there is no loss of revenue on this account.
- Reconciliation and preparation of General Ledger Schedules pertaining to sales.
Education
Bachelors in Commerce -
01.2011
Intermediate -
01.2008
Diploma in Professional Accountant -
I-CAT (Institute of Computerised Accounts & Technology)
DehradunSkills
- Executive leadership advisement
- Financial strategy management
- Month-end and year-end closings
- Internal controls development
- Proficiency in managing accounting operations and achieving desired goals
- Skilled in preparing reports to exercise financial control and efficiency of the organization
- Target and achievement oriented with an ability to take up challenges and perform in changing work environs
- People Soft- Accounting System
- SUN -Accounting System
- Opera – Property Management System
- Birchstreet – Inventory Control System
- Vision
- Micros
- IDS
- Compliance Enforcement
- Management accounting
- Project Management
- Balance sheet management
- Policy Development
- General Ledger Management
- Financial Forecasting
- Cash Flow Management
- Process Improvement
- Budget Administration
- Strategic Planning
- Internal Controls
- Accounts Payable and Receivable
- Budgetary Planning
- Report Generation
Accomplishments
- Recognized as the best per opening hotel in South Asia for 2022.
- Recognized as HOD of the year 2023.
- Recognized department of the month three times in 2023.
- Recognized as Manager of the month 2 times in 2022.
- Rated as 'Key Performer' in annual appraisal in 2017.
- Recognized as 'Executive of the month' for Aug-17, & Mar-18.
- Recognized as 'Pillar of the Department' for 2017.
- Recognized as 'Most Charming Associate' for 1st and 2nd Qtr-18.
- Prepared Tax Reconciliation Formats, Journal Entry Formats.
Personal Information
- Date of Birth: 05/02/90
- Gender: Male
- Nationality: Indian
- Marital Status: Married
Languages
- English
- Hindi
References
Available at request
Training
Hotel Great Value, Dehradun (Clark Group of Hotels), Job Training, 01/01/12, 04/30/13
Timeline
Financial Controller
Fairfield by Marriott Dehradun
09.2022 - Current
Assistant Finance Manager
JW Marriott Mussoorie Walnut Grove Resort & Spa
09.2014 - 09.2022
Assistant Accountant
Fortune The Savoy, Mussoorie (ITC Hotels Group)
05.2013 - 08.2014
Bachelors in Commerce -
Intermediate -
Diploma in Professional Accountant -
I-CAT (Institute of Computerised Accounts & Technology)
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