SAP
Sumit Surendra Namsekar
Financial Controller
Canacona
Summary
Goal-focused Financial Controller with a proven track record in delivering precise financial reporting and effective budget management. Over 10 years of experience in overseeing financial operations across diverse industries, ensuring compliance and accuracy in all financial transactions. Expertise includes payroll processing, budget management, comprehensive report generation, audit conduct, and oversight of expenditures and payments. Committed to driving financial efficiency and supporting organizational growth through strategic financial planning and analysis.
Overview
13
13
years of professional experience
1
1
Language
Work History
Financial Controller
Hyatt Place Goa Candolim
Candolim, Bardez- Goa
08.2025 - Current
- Prepare and interpret the financial Statement and report for the hotel.
- Ensure that all hotels, company, and local rules, polices and regulation relating to financial record keeping, Money handling & licensing are adhered to, including the timely and accurate reporting of financial Information
- Ensures that the hotel is adhering to all Company/Hotel Finance Policies and Procedures.
- Maintains all ledgers and journals and other accounting records of the hotel, sets down in the Hyatt Accounting and Systems Control Manual and related publications.
- Responsible for ensuring that all Corporate, Regional, hotel and governmental reports are compiled accurately and submitted in a timely manner.
- Ensures that the Department's operational budget is strictly adhered to, that all costs are controlled and expenditures are properly approved.
- Ensures that all hotel, company and local rules, policies and regulations relating to financial record keeping, money handling and licensing are adhered to, including the timely and accurate reporting of financial information.
- Implements local accounting procedures ensuring compliance with the local government regulations, after approval from the area/corporate offices.
- Prepares and interprets the financial statements and reports for the hotel.
- Audits the accounts, records and transactions of the hotel, aided by the ongoing efforts to streamline internal control procedures.
- Scrutinises the monthly financial reports, to investigate unusual variations and to prepare comments to be attached to the report.
- Administers and controls cash management which includes investing in time deposits in banks approved by area office and the Owning Company, as well as obtaining other banking facilities whenever necessary.
- Assists the General Manager and Department Heads in the compilation forecasts covering all activities of the hotel.
- Chairs the Financial Review Meeting and Credit Meetings.
- Ensures new technology and equipment are embraced, improving productivity whilst taking work out of the system.
- Reviews and approves all invoices and Purchase Requests involving hotel equipment and supplies etc.
- Ensures that each section of the Accounting and Finance Department is managed efficiently, maximising utilisation of technology.
- Ensures that the physical inventories of all supplies and operating equipment are being taken on a monthly and a biannual basis respectively
Finance Manager
Alila Diwa Goa
Majorda, Salcete South Goa
04.2023 - 08.2025
- Prepare and interpret the financial Statement and report for the hotel.
- Ensure that all hotels, company, and local rules, polices and regulation relating to financial record keeping, Money handling & licensing are adhered to, including the timely and accurate reporting of financial Information.
- Closing working with Director of Finance to arrive at monthly Profitability of Resort
- Daily & monthly maintaining of Report of Parent Company as well as Owning Company
- Monthly processing of Payroll of Employees
- Ensuring that the Department’s Operational Budget are Strictly adhered to, that all cost are controlled and expenses are maintained
- Implement of local accounting procedure ensuring compliance with the local government
- Maintaining Daily Track of Expenses in line with the budget & take appropriate measure to reduce and control the Expenses.
- Monthly Reconciliation of GST Input and taking appropriate Step if input is not available in GSTR 2B.
- Monthly Vat Reconciliation in for the purpose of getting Vat Liability for the month
- Making report towards TDS Liability for the month
- Doing Closure of Month by 1st of Every Month and assisting in preparation of MIS for Resort
- General Ledger Entry and Maintenance and making the provision for expenses in order to arrive correct profitability
- Monthly tracking of prepaid Expenses
- Making Advance Payment to vendor as per terms and condition on purchase order & taking the appropriate step to Settle the same
- Ensuring Timely Payment of Creditor as per Credit period of creditors
- Maximises employee productivity using multi-Skilling, multi-tasking and flexible Scheduling to meet the financial goal.
- Assisting in preparation of Capital Expenditure Authorisation Request
- Ensure each section of the accounting and Financial Department is managed efficiently & maximise the use of technology.
- A Hyatt Brand
Assistant Manager – Finance
Club Mahindra Assonora
Assonora, North Goa
05.2022 - 04.2023
- Maintaining Daily Track of Expenses in line with the budget & take appropriate measure to reduce and control the Expenses.
- Ensuring Closure of Month for reporting purpose by 1st of Every Month and preparation of MIS for Resort
- Ensure that all the work has been done as per the SOP laid down by Company.
- Daily Reconciliation of Debtors and take appropriate Step to reduce the Debtors.
- Ensuring Timely Payment of Creditor as per Credit period of creditors
- Manage and guide the team to achieve the Goal as per standard
- Data Entry Related to Invoices of Creditor after due verification of Invoices with Purchase and Service Order
- Maintaining Daily Track of Expenses in line with the budget & take appropriate measure to reduce and control the Expenses
- Monthly Reconciliation of GST Input and taking appropriate Step if input is not available on GSTR 2B
- Monthly Vat Reconciliation in for the purpose of getting Vat Liability for the month
- Making report towards TDS Liability for the month
- Monthly Inventory Reconciliation of along with Closing for the month
- General Ledger Entry and Maintenance and making the provision for expenses.
- Monthly tracking of prepaid Expenses
- Making Advance Payment to vendor as per terms and condition on purchase order & taking the appropriate step to Settle the same.
- Mahindra Holidays & Resorts India ltd
Senior Manager- Finance
The Lalit Golf & Spa Resort Goa
Rajbag, Canacona, South Goa
04.2021 - 04.2022
- Ensuring Strictly closure of Monthly report by 7th of every month and preparing & Reviewing the MIS for the resort
- Ensuring Closure of the year and preparing profit and loss account and Balance sheet of the Resort along with necessary schedule as required
- Closely worked with 2 Big 4 Audit Firm in timely and successful completion of Statutory Audit
- Making Budget for the Resort with Financial Controller with Close Discussion with another Department
- Maintaining appropriate documentation Regarding Purchase & Sale of Fixed Assets as a part of IFC
- Closely worked with Financial Controller in Successful implementation of IFC in Resort
- Handling Payroll of the Resort and posting of payroll related entries
- Ensuring timely Payment of Statutory Dues of the Company
- Handling VAT Reconciliation and Payment of the Resort
- Timely preparation and Submission of Corporate Report as and when required
- Debtors Reconciliation and working with credit team for the purpose of closure of Payment
- Handling and Guiding the Team to achieve the proper Goal of the Company
- Unit of Bharat Hotels Limited
Sr Accountant
The Lalit Golf & Spa Resort Goa
Rajbag, Canacona, South Goa
08.2014 - 03.2021
- Checking and posting of purchase and Service-related invoices
- Making of Bank Reconciliation Statement & Cash Flow Statement
- Making Payment to Vendors as per Credit Terms of Vendors
- Advance Payment to Vendors as a when required and take appropriate Steps in Settlement of Advances
- Creation of Provision for the Outstanding Bill on a monthly basis; and Keeping Track of Same on the Monthly basis
- Making of Month End entries; which are required for MIS
- Keeping Appropriate Track on Prepaid Expenses
- Cashier Handling
- Unit of Bharat Hotels Limited
Associate (On Job Trainee)
The Loliem Urban Co-operative Credit Society Ltd
Poinguinim, Canacona
05.2013 - 06.2013
- Daily Collection of Pigmy amount from Agent
- Cashiering
- Documentation of Vouchers
Education
Master of Commerce -
Rosary College of Commerce and Arts
06-2014
Bachelor of Commerce - undefined
Shree Mallikarjun College of Arts and Commerce
05-2012
H.S.S.C.E - undefined
S.S. Angle Hr. Secondary School
03-2009
S.S.C.E - undefined
Shri Shradhanad Vidhayalay
03-2007
Skills
Financial planning
Financial information systems
Management accounting
Cash flow management
Budgetary planning
Financial forecasting
General ledger management
Financial management
Credit control
Software
Prologic
Opera
Iscala
Hyperion & Smart View
Timeline
Financial Controller
Hyatt Place Goa Candolim
08.2025 - Current
Finance Manager
Alila Diwa Goa
04.2023 - 08.2025
Assistant Manager – Finance
Club Mahindra Assonora
05.2022 - 04.2023
Senior Manager- Finance
The Lalit Golf & Spa Resort Goa
04.2021 - 04.2022
Sr Accountant
The Lalit Golf & Spa Resort Goa
08.2014 - 03.2021
Associate (On Job Trainee)
The Loliem Urban Co-operative Credit Society Ltd
05.2013 - 06.2013
Bachelor of Commerce - undefined
Shree Mallikarjun College of Arts and Commerce
H.S.S.C.E - undefined
S.S. Angle Hr. Secondary School
S.S.C.E - undefined
Shri Shradhanad Vidhayalay
Master of Commerce -
Rosary College of Commerce and Arts