Senior Accountant

About the Role

We are seeking a Senior Accountant to oversee daily accounting activities at a wellness resort, ensuring precise financial documentation, regulatory compliance, and prudent expense management. The position demands managing accounts payable and receivable, general ledger duties, closing monthly books, supporting budgeting processes, and coordinating with auditors, while collaborating with operational and departmental leaders to enhance financial discipline and profitability.

Key Responsibilities

• Record and document all accounting transactions accurately with proper authorization in the general ledger.
• Perform monthly reconciliations of subsidiary ledgers, including debtors, creditors, fixed assets, and inventory against main ledger.
• Prepare comprehensive financial statements, including balance sheets, profit and loss accounts, and cash flow reports for monthly, quarterly, and yearly periods.
• Ensure timely completion of month-end and year-end closing processes.
• Support annual budget creation and periodic forecasting across departments such as rooms, food and beverage, wellness, and administration.
• Analyze budget versus actual financial performance, identify variances, and provide recommendations to department heads and executives.
• Review operational expenses to identify cost-saving opportunities and propose strategies to boost profitability.
• Supervise vendor invoice processing, payment scheduling, and reconciliation of creditor accounts.
• Manage receivables from guests and corporate clients, enforce credit controls, pursue collections, and reconcile front office and banquet billing.
• Ensure correct deduction of TDS, utilization of GST input credits, and adherence to payment terms.
• Maintain compliance with GST, TDS, professional tax, and other applicable direct and indirect tax regulations.
• Coordinate preparation and submission of GST, TDS, and other statutory returns in liaison with external consultants.
• Maintain audit-ready documentation for both internal and external reviews.
• Reconcile revenues from rooms, F&B sales, banquets, wellness packages, and other sources with POS/PMS systems.
• Conduct periodic verification of inventory records for food and beverage, spa, housekeeping, coordinating physical stock checks and valuations.
• Monitor and prevent revenue leakage, mitigate credit risks, and identify fraud indicators by implementing suitable internal controls.
• Collaborate with auditors and tax professionals for smooth completion of statutory audits and assessments.
• Enhance internal financial controls related to reporting, cash management, procurement, and inventory.
• Develop and regularly update accounting policies and standard operating procedures tailored to hospitality industry practices.
• Provide leadership, guidance, and mentorship to junior accounting and finance staff ensuring compliance and operational efficiency.
• Work closely with departments like operations, food and beverage, front office, procurement, and human resources to maintain accurate and timely financial information flow.
• Produce accessible financial reports and insights to facilitate informed decision-making among non-financial managers.

Required Qualifications and Experience

• Bachelor's or Master's degree in Commerce (B.Com/M.Com) with CA Inter, CMA Inter, or equivalent professional credential preferred.
• Experience of 5 to 7 years in accounting, including at least 3 years in a senior accounting capacity within the hospitality, hotel, or resort sector.
• Comprehensive understanding of hospitality accounting practices, revenue management, GST, TDS, and relevant statutory compliances.
• Familiarity with accounting software such as Tally, SAP, Oracle, or similar platforms and hotel management systems (e.g., Opera, IDS, or alternate Property Management Systems) is highly beneficial.
• Proficient in advanced MS Excel and adept at financial analysis, management information systems (MIS), and reporting.