Summary
Overview
Work History
Education
Skills
Other Achievements
Hobbies and Interests
Languages
Accounting Software Known
Personal Information
Languages Known
Timeline
Generic
NILESH NANDKUMAR KOTWAL

NILESH NANDKUMAR KOTWAL

Mumbai

Summary

Results-driven Financial Controller with a strong background at Taj Santacruz, focusing on budget oversight and financial reporting. Proven ability to boost profitability through meticulous cost management and variance analysis. Competent in team leadership, tax compliance, and the development of effective internal controls to optimize operations.

Overview

18
18
years of professional experience

Work History

Financial Controller

Taj Santacruz
Mumbai
01.2016 - Current
  • Prepares and presents MIS reports to develop a more informative database for improved management decision making and critical evaluation of activities to Management.
  • Prepares Weekly & Monthly Forecast reports for further submission to Regional Office.
  • Prepares Owners Monthly MIS Reports & others reports as required on regular time period.
  • Supervises and approves all accounting transactions in SAP S4 HANA on a daily basis and review of daily key reports of payables, receivables and income audit and F&B control functions for capturing leakages and correcting the exceptions.
  • Guide and direct the budgeting process for Capital Expenditure and Operational performance for the year with revenue projections duly aligned with business strategy and justifying each and every cost head.
  • Budgetary control to ensure desired financial performance with an emphasis on profit maximization.
  • Creates the annual operating budget for the property & updating in Hyperion.
  • Provides analytical support during budget reviews to identify cost saving and productivity opportunities.
  • Plans dip-test to comprehensively cover all functions and processes concerning finance and statutory compliance and take corrective actions for observations.
  • Deep Analysis of Trial balance, General Ledgers & clearing accounts & ensure to keep track of all ledger with supporting schedules on monthly basis.
  • Reconciles balance sheet to ensure account balances are supported by appropriate documentation in accordance with policies of the organisation.
  • Ensures compliance with management contract and reporting requirements.
  • Reviews audit findings - Safety/Hygiene and TPAM /Internal Audit and takes corrective measures to ensure full compliance.
  • Ensures that the terms of the Operating agreement with Partners are duly complied with in all respects.
  • Ensures deposition of all taxes and statutory dues in a timely manner and filing of all returns within due dates.
  • Ensures All Hotel Licenses are duly in place & keep tracking of renewals & circulates to all departments for documentation.
  • Ensures compliance of all statutory and internal audit procedures and implement corrective actions as brought out by the audit observations.
  • Monitors cost and profit performance of all departments regularly and provides recommendations / suggest corrective action.
  • Conduct Q-Chats (Six Months performance reviews), analyse performance and provide relevant input for training programs.
  • Prepares department duty rosters and approves leave in consultation with the department head.
  • Identifies departmental and individual training needs, develops training calendars, conducts training and recommends suitable training programs to address individual capability gaps.
  • Creates a culture of Trust, Awareness and Joy by conducting departmental meetings, reviewing V-Connect feedback, drawing and implementing suitable action plans.
  • Conduct Departmental meeting of all Finance function to ensure Hotel & Finance operation are working smoothly.

Manager Finance

Taj Santacruz
Mumbai
01.2016 - 03.2022
  • Taxation, Interunit, Payroll, Legatrix, Fixed Asset, Hyperion.
  • Monthly GST Working, Payments & Return filing.
  • GSTR-2 Input credit verification & reconciliation with books.
  • Checking of GSTR2A on GST portal & reconciliation with books, filing of GSTR-1 amendments if any for clients.
  • Monthly TDS, Equalization Levy, VAT- Working & Payments & Quarterly Returns.
  • Interunit Accounting of Taj units for Inbound & outbound transactions, approvals & acceptance of bills & payments process thereafter.
  • Fixed Asset – Capitalization of Invoices in Orion, Depreciation & schedules.
  • Budget & Forecast update in Hyperion.
  • Monthly Payroll Working.
  • Legatrix – Finance Task Compliances & other Departments Compliances checking & assisting in closing task, new users’ addition, deletion & Task transfer, also looking for yearly GAP Audit Task Compliances & Closure.
  • Assisting to Director Finance & Manager - Finance in Quarterly audits Closure.
  • Hotel Various Licenses renewals & tracking.

Executive Accountant

Taj Mahal Palace & Tower
Mumbai
11.2012 - 01.2016
  • Payable Accountant & Taxation.
  • Preparation, Working & Payment of VAT, TDS, Service tax, WCT through online & helping Consultant for Returns.
  • Processing all types of Payables Bills – Professional, Materials, Repairs & Maintenance, AMC & timely payments.
  • Processing All Admin Bills – Water, Light, Telephone & other statutory Bills.
  • Preparation of “C “Forms working & sending to vendor.
  • Coordinating with External & Internal Auditors & solving their queries.
  • Handling scrutiny & Notices by various statutory department like VAT, Service tax & Excise.
  • Monthly Books provision, closing & reversal.
  • Handling of Inter unit accounting.
  • Assisting in Monthly MIS & Accounting closure process to Financial Controller.
  • Active participation in Quarterly Statutory Audit & Preparation of Various Schedule, Reports.

Finance – Team Leader

Four Points by Sheraton
Pune
12.2011 - 11.2012
  • Income Auditor.
  • Making of Daily Revenue Report (DRR) & cover report made by & cross checked with the Trial & Infrasys Report.
  • Transfer Income data to GL after reconcile with DRR.
  • Checking of Room rate charged correctly.
  • Reconciliation of the taxes on daily basis.
  • Reconciliation of Credit card Batch closed verses system total.
  • No-show cancellation is charged correctly.
  • Rate variance report is reviewed and any questionable rate is followed up with FO staff and S&M.
  • Maintain the Complimentary Guest Detail with all information & make sure all complimentary vouchers should be attached with check out folio.
  • Ensuring all Complimentary, discount & House use request form are approved by GM.
  • Audit of the Front office rebates & make sure the proper reason and approval on it.
  • Outlet checks are audited via sequential numbering system so missing check can be identified.
  • Checking of Voided & Reprint checks reasonable & authorize by outlet manager with valid reasons & reconcile with the report.
  • Checking of unsettled or missing checks are followed up upon in timely manner.
  • Discounts are correctly documented and processed – if not, investigation must be taken immediately.
  • To ensured that the Foreign Exchange rates are updated at Front Office as per the day’s rate received from Authorized Money Changer.

Accountant

ELITE GROUP INTERNATIONAL-Bahrain
11.2009 - 11.2011
  • Payables Management :
  • Checking of bills with order, receipt of material, certification & approvals.
  • Purchase Entries posting In to Books of account.
  • Checking of advances paid and ensuring knocking off the same in payments.
  • Preparing of Payment vouchers and ensuring proper documents.
  • Proper documentation of the vendors/ contractor / consultants’ bills.
  • Entry into accounting package, preparation & Disbursement of Cheques.
  • Ensuring timely payments and reconcile balance with vendor from to time.
  • Assisting in preparation of MIS Reports.
  • Preparing Payment Projection Report – For Corporate.
  • Cash and Bank.
  • Accounting and disbursing cash and bank payments.
  • Collecting cash envelope from safe deposit key locker & verify with cash drop sheet.
  • Preparing daily cash collection report with short/excess banking records.
  • Daily accounting of Foreign Currencies & Gain & Loss.
  • Checking of cash Vouchers for approvals, supporting etc.
  • Pay petty cash disbursement, with appropriate signatures and receipts.
  • Daily reconciliation of cash balance and physical cash.
  • Monthly Bank Reconciliation.
  • Receivable Management.
  • Credit Cards Transactions Verification & Batch Close.
  • To prepare and send out individual accounts receivable invoices within 24 hours of guest departure.
  • Debtors Follow-ups, Reminders, Etc.
  • Posting of Entries in account package Cheque/Cash Receipt Matching with proper bills.
  • Credit card Reconciliation & Posting of entries in accounting package.
  • Management Report.
  • Preparation of M.I.S Presentation in Various Charts & in PowerPoint.
  • Monthly Cash Flow Report.
  • Payment Projection Report.
  • Daily Collection report.
  • Inter-unit Reconciliation.

Accountant

Taj Residency
Nashik
03.2007 - 10.2009
  • Company Overview: (Five Star Hotel)
  • Payables Management:
  • Checking of bills with order, receipt of material, certification & approvals.
  • Purchase Entries posting In to Books of account.
  • Checking of advances paid and ensuring knocking off the same in payments.
  • Preparing of Payment vouchers and ensuring proper documents.
  • Proper documentation of the vendors/ contractor / consultants’ bills.
  • Ensuring to release payments to contractors after checking validity of CAR policy, Bank Guarantee and other statutory requirements like PAN no, ESI, PF etc.
  • Entry into accounting package, preparation & Disbursement of Cheques.
  • Monthly T.D.S Computing & E-Payments.
  • Ensuring timely payments and reconcile balance with vendor from to time.
  • Food cost Reports.
  • Stock Inventory - Requisition, Receiving, Issue, RR. Reports.
  • Assisting in Statutory & Internal Audits.
  • Assisting in preparation of MIS Reports.
  • Preparing Payment Projection Report – For Corporate.
  • Preparing Telegraphic Transfer Payment in Foreign Exchange, Preparation of Form A-1 & Other Relevant Documents.
  • Submission of Bill of Entry to Bank.
  • Food & Beverage Cost Controller:
  • Accurate & Timely recording & Reporting of Daily & Monthly Food & Beverage Cost.
  • Supervision of receiving and store operations.
  • Conducting spot checks on quality and quantity of all food & beverage items.
  • Monthly Stock Taking for All the Bars, Stores & Crockery, Cutlery & Linen Stock.
  • Ensuring to Check the System & Menu Card Rates to avoid Revenue Loss.
  • Ensure to check the proper Tax Structure on Different items i.e. Food, Liquor, Smokes.
  • Ensure to maintain Proper Stock Receiving procedure.
  • Maintain proper check & hold on Spoiled & Breakages stock. - Liquors & Store.
  • Maintain control on Non Chargeable KOT/Order (In-House Use) – Kitchen Order.
  • Immediate reporting to Accounts Officer regarding Misuse of Stock items.
  • Maintaining proper stock for Circulating items.
  • Preparing Spoilage & Pilferage Reports.
  • Cash and Bank.
  • Accounting and disbursing cash and bank payments.
  • Checking of cash Vouchers for approvals, supporting etc.
  • Maintenance of cash & entry into accounting package.
  • Daily reconciliation of cash balance and physical cash.
  • Monthly Bank Reconciliation.
  • Taxation.
  • Ensuring timely payment of TDS, Sales Tax, Service Tax.
  • Ensuring timely preparation and filling of returns.
  • Ensuring timely issue of TDS / WCT certificate.
  • Others.
  • Overlooking general administration of the office.
  • Taking regular backup of accounting package.
  • (Five Star Hotel)

Accountant

Precision Forging & Stamping Pvt Ltd.
  • Company Overview: (MFG.Co)
  • Payables Management.
  • Checking of bills with order, receipt of material, certification & approvals.
  • Purchase Entries posting In to Books of account.
  • Preparing of Payment vouchers and ensuring proper documents.
  • Ensuring timely payments and reconcile balance with vendor from to time.
  • Cash and Bank.
  • Accounting and disbursing cash and bank payments.
  • Checking of cash Vouchers for approvals, supporting etc.
  • Maintenance of cash & entry into accounting package.
  • Daily reconciliation of cash balance and physical cash.
  • Monthly Bank Reconciliation.
  • Taxation.
  • Ensuring timely payment of TDS, Sales Tax, Service Tax.
  • Ensuring timely preparation and filling of returns.
  • Ensuring timely issue of TDS / WCT certificate.
  • (MFG.Co)

Education

D.T.L - Taxation & Law

N.B.T. Law Collage
Nashik
05.2005

B.COM -

K.T.H.M College
Nashik
03.2004

H.S.C -

K.T.H.M College
03.2001

S.S.C -

M.V. School
04.1999

Skills

  • Certificate Course In MS Office, Tally 72 from LVPS Nashik with Grade ‘A’
  • Financial reporting
  • Budget management
  • Tax compliance
  • Audit coordination
  • Cost control
  • Variance analysis
  • Month-end and year-end closings
  • Budgetary coordination
  • Financial information systems
  • Accounts payable and receivable
  • Consolidation accounting
  • Internal controls
  • Intercompany transactions
  • Financial forecasting
  • General ledger management
  • ERP systems expertise
  • Audit preparation
  • Team oversight
  • General ledger accounting

Other Achievements

  • Nominated for Best Employee of the Year, Taj residency Nashik, 2008
  • Won Best Employee of the Year Award, Unit Taj residency Nashik, 2009
  • Won Employee of the Year Award, Taj Santacruz, 2023

Hobbies and Interests

  • Reading
  • Watching News Channels

Languages

True, True, True, True, True, True, True, True, True

Accounting Software Known

  • SAP S4 HANA -GL, AP, AR, FA & Approval Matrix
  • Oracle – Orion R12
  • BOSS - Accounting Software
  • Shawman P.O.S – Restaurant Software
  • IDS - Accounting & Back Office Software
  • Tally – Accounting Software
  • Opera – Front Office
  • IHR – Daily Revenue Report Software
  • Infrasys – Accounting Software

Personal Information

  • Passport Number: H6747133
  • Date of Birth: 04/18/84
  • Gender: Male
  • Nationality: Indian
  • Marital Status: Married

Languages Known

English
First Language
Hindi
Upper Intermediate (B2)
B2
Marathi
Upper Intermediate (B2)
B2

Timeline

Financial Controller

Taj Santacruz
01.2016 - Current

Manager Finance

Taj Santacruz
01.2016 - 03.2022

Executive Accountant

Taj Mahal Palace & Tower
11.2012 - 01.2016

Finance – Team Leader

Four Points by Sheraton
12.2011 - 11.2012

Accountant

ELITE GROUP INTERNATIONAL-Bahrain
11.2009 - 11.2011

Accountant

Taj Residency
03.2007 - 10.2009

Accountant

Precision Forging & Stamping Pvt Ltd.

D.T.L - Taxation & Law

N.B.T. Law Collage

B.COM -

K.T.H.M College

H.S.C -

K.T.H.M College

S.S.C -

M.V. School

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