S. Karthickeyan

Motivated Director of Finance promoting more than 20 years of proficiency in identifying and analyzing trends and partnering with other departmental leaders. Action-oriented individual with experience tracking actual business results against plans, including acquisitions. Offering exceptional issue resolution and staff training skills.

• Experience gained in the following areas : Preparing profit and loss account and balance sheet on monthly basis along with the MIS and sending reports to head office and to owner’s office as per the requirement. Preparation of yearly budgets and monthly forecast. Handling both Income and External auditors and the owners. Verification of general ledger on daily basis ensuring all the entries are properly recorded and updated in the respective account heads. To ensure that balance match with the sub ledger and to review the schedule of all the balance sheet heads. Verification of invoice as per the contract, work order or purchase order, planning timely payment to vendors. Control on vendor creation. Reviewing of the creditor’s ledger and advance payments and their reconciliation. Daily reviewing of city ledger transfer and timely sending of invoice to the party and following up for the payment. Reviewing of debtor’s ledger, Credit card, back office rebates, advance deposit and provision for doubtful accounts. To manage the cash flow of the whole organization. Review of petty cash payments, collection of forex and daily cash collection of the hotel. Authorizing IOU payment and cheque payment and have a control on the same. Reviewing of bank reconciliation statement. Review of rate variance report, daily allowance report, travel agent contract and charter contracts. To have a check on proper posting of credit invoice and cash. Monitoring food cost on daily basis and reviewing inventory of slow, fast and high value goods. Conducting quarterly audit of the entire hotel. Review of the purchase request and purchase order, negotiating with the vendor for the rate contract. Conducting monthly stock taking of the stores. To ensure that all the taxes applicable are enforced and payment is done on time. Ensure that all the tax returns are filed on time and accurately. Liaising with all the tax officials. Reviewing of insurance policies and barter contracts. To have a control on staff salary regarding new joinees, increment and promotion and change in grade. Ensure that the balance sheet is a fair reflection of the assets and liabilities of the company. The balance sheet must be regularly reviewed and reconciliations performed on all accounts. Ensure compliance with the management agreement with Marriott International, and the Owner. Maintain a focused system of internal controls, which will provide an effective and efficient control over the hotel assets, liabilities, revenue, and costs. Ensure compliance with company policy. 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 proper 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 cooperate with both Internal and External Audit. Ensure that an effective programme of in-hotel audit is in place and that corrective action is promptly taken when required. Give particular emphasis to ensuring that all revenue is captured. Make use of a monthly control checklist. Develop best practise financial accounting and control procedures. Financial reporting and control to be an area of continuous review and development with the aim of maximizing both impact and efficiency. Support and advice on financial and commercial matters to the General Manager and to the team members, including the interpretation of financial data. Review management information and make proposals for the General Manager for value added initiatives. Where appropriate, play the “Devil’s Advocate” to challenge practices and proposals. Provide financial and commercial skills to support business development initiatives, major pricing decisions and other commercial decision-making.