Kumar Rathod

Kumar Rathod

Financial Controller at Country Inn & Suites By Radisson
Lives in Panjim, India
over 6 months ago

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Currently Working as Financial Controller having more than 14 years of experience in Finance & Accounts.

Experience

  • Financial Controller

    Country Inn & Suites By Radisson - Panjim, India

    Finance/Accounting
    November 2014 - Now · 4 years and 2 months

     Maintains accurate and timely financial and operating information and provides analyzes, interpretations and projections to management as required  Maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances  Act as hotel’s credit manager  Enforces, documents and establishes adequate controls for all revenues and expenses and protection of assets, and ensures controls will satisfy or improve the level of guest service  Follows up on all capital expenditures to ensure compliance with original justification and approval  Assists and provides financial guidance in the formulation and implementation of the business plan, hotel and departmental budgets, and objectives program, and manage relevant budgets appropriately.  Provides proactive administrative support to management with reference to policy enforcement, business advice and operational assistance.  Obtains appropriate legal counsel regarding the business practices of the hotel, and maintains awareness of local rules, laws and regulations.  Ensure monthly MIS is prepared and submitted to management on timely basis after reviewing with GM.  Ensuring Salary payments are properly calculated, authorized and paid on a timely basis to employees.  Ensure Statutory Payments like TDS, Service Tax, Luxury Tax, VAT, etc needs to be done on Monthly basis.  Ensure Quarterly Return of TDS, VAT, Luxury Tax and Service Tax on Half Yearly basis.  Monthly Preparation of Royalty, Marketing Fees and Reservation Fees  Implements and maintains acceptable accounting practices and procedures as required by corporate policies and procedures, generally accepted accounting practices, and those affected by local conditions.  Participates in locally recognized professional and industry organizations in order to extend personal development and general awareness within the profession. 

  • Financial Controller

    Veligandu Island Resort - Malé, Maldives

    Finance/Accounting
    January 2013 - October 2014 · 1 year and 10 months

     Ensure that the accounts, records and transactions of the hotel are accurate and correct at all times.  Implement all necessary controls to safeguard the assets of the hotel.  Ensure monthly MIS is prepared and submitted to management on timely basis.  Co-ordinate and prepare annual budgets, including operating and capital expenditure budgets .  Ensuring the established controls and procedures in respect of the controller’s areas of responsibility are being complied with at all times.  Ensure the hotel’s computer systems and their software are fully utilized, well safeguarded and properly maintained.  Implement future changes/additions to the electronic data processing systems of the hotel.  Ensure there are at all times, proper procedures and controls for the guest cashiers and other cashiers in the hotel, notwithstanding the fact that these areas are not the direct responsibility of the controller.  Ensuring proper procedures and controls for purchasing, receiving, stores and requisitioning are adhered.  Ensuring that physical inventories of all supplies are being taken on a monthly basis and of all operating equipment on a quarterly basis.  Ensuring hotel’s proper credit and collection procedures are being complied with at all times.  Ensure that all payments are adequately supported by documentation, properly coded and properly authorized and paid on timely basis.  Ensuring all revenue and expenditure are properly recorded in the general ledger.  Keeping and safeguard the hotel’s contracts and agreements.  Liaise with internal and external auditors in compliance with the company’s requirements.  Assisting in the renewal of insurances and administer insurance claims.  Providing information required for the preparation of corporation tax computation.  Involving in Staffing management like selection, employment, supervision, transfer, review, promotion and dismissal (with due cause) of individuals etc.  Implement appropriate training programmes in conjunction with the Personnel & Training Manager and to develop Departmental Trainers in these departments.

  • Asst. Finance Manager(Deputy FC)

    Radisson Blu, Goa - Goathland, United Kingdom

    Finance/Accounting
    November 2011 - January 2013 · 1 year and 3 months

     Monitor timely preparation and submission of periodic reports to external and internal users.  Assist the Financial controller in all accounting & financial matters, maintenance of accounts, internal controls, compliance with statutory requirements, management of cash flow, etc.  Monitor maintenance of records, registers and documents in order to facilitate internal and external audit.  Authorize payments of invoices and monitor preparation and delivery of cheques to various suppliers, travel agents etc.  and able to handle the affairs of the Finance Department in the absence of Financial Controller  Review, Analysis and Sharing of performance data with the management  Advise departmental heads in areas of financial performance, cost benefit analysis, cost management  Participate in budgeting process for Capital & Operational requirements  Adherence to Internal Finalizations of the Balance Sheet and the Profit & Loss Statements for the hotel.  Liaise with banks, financial institutions and other government authorities on various financial matters.  Stay informed the latest amendments in commercial laws, tax structures and other developments in the financial world.  Assist actively Audit recommendations  Preparing MIS & Profit & Loss statements of the hotel on monthly basis.  Ensure Statutory Payments like TDS, Service Tax, Luxury Tax, VAT, etc needs to be done on Monthly basis.  Ensure Quarterly Return of TDS, VAT, Luxury Tax and Service Tax on Half Yearly basis.  Monthly Preparation of Royalty, Marketing Fees and Reservation Fees

  • Asst. Finance Manager

    Intercontinental The Lalit Goa Resort - Goathland, United Kingdom

    Finance/Accounting
    December 2010 - October 2011 · 11 months

     Assist the Financial Controller in the budgeting process for all Capital & Operational requirements.  Monitor timely preparation and submission of periodic reports to external and internal users.  Assist the Financial controller in all accounting & financial matters, maintenance of accounts, internal controls, compliance with statutory requirements, management of cash flow, etc.  Monitor the timely preparation of accounts payable / receivable / payroll, income & expenditure statements etc.  Assist the Financial controller in budgetary control to ensure desired financial performance with emphasis on profit maximization through revenue enhancement and strict expenditure controls.  Monitor maintenance of records, registers and documents in order to facilitate internal and external audit.  Perform monthly book close procedures in Oracle Financials and ensure timely preparation of reconciliation reports and schedules.  Authorize payments of invoices and monitor preparation and delivery of cheques to various suppliers, travel agents etc.  Assist the Financial controller in preparation of the Balance Sheet and the Profit & Loss Statements for the hotel.  Liaise with banks, financial institutions and other government authorities on various financial matters.  Prepare Management Information Reports for improved decision-making and critical evaluation of activities.  Assist actively and able to handle the affairs of the Finance Department in the absence of Financial Controller  Review, Analysis and Sharing of performance data with the management  Participate in budgeting process for Capital & Operational requirements  Oversee Materials Management (Procurement and Stores)  Preparing MIS & Profit & Loss statements of the hotel on monthly basis.  Supervising the Accounts Receivable.  Ensure Statutory Payments like TDS, Service Tax, Luxury Tax, VAT, etc needs to be done on Monthly basis.  Ensure Quarterly Return of TDS, VAT, Luxury Tax and Service Tax on Half Yearly basis.

  • Sr. Accountant

    Orion Hotel - Goathland, United Kingdom

    Finance/Accounting
    July 2009 - December 2010 · 1 year and 6 months

     Maintain records, registers and documents in order to facilitate internal and external audit.  Monitor the timely preparation of accounts payable / receivable / payroll statements, income and expenditure statements  Perform the monthly book closing and prepare the reconciliation report.  Authorize various bill payments and monitor preparation and delivery of cheque’s to various suppliers, travel agents etc.  Preparation of the balance sheet and the profit & loss statements for the hotel.  Liaise with banks, financial institutions and other government authorities on various financial matters.  Prepare MIS reports, to develop a more informative database for improved management decision-making and critical evaluation of activities  Control over Inter-company and Inter-unit transactions  Oversee Materials Management (Procurement and Stores)  Handling Assessments of Income Tax, VAT and Luxury Tax

  • Finance Executive

    Adlabs Films Ltd, Reliance Group - Goathland, United Kingdom

    Finance/Accounting
    September 2008 - March 2009 · 7 months

     Budget Monitoring, P&L Analysis – Actual V/s Budgeted  Ensure Proper Monthly Closing of books of accounts after doing all Monthly Provisions.  Processing of Vendor Payments and Associate reimbursements.  Ensure Statutory Compliances related to Service Tax & TDS  Identify areas of cost control and take steps to ensure efficiencies in the cost are obtained.  Ensure proper collections entries & timely deposits of instruments through CMS facility.  Raising the Invoices and same send to clients on monthly basis.  Ensure proper maintenance of books of accounts as per company norms (Cash, Bank, Purchase & Sales)

  • Branch Head

    Mahindra and Mahindra Financial Services Ltd - Goathland, United Kingdom

    Finance/Accounting
    March 2006 - August 2008 · 2 years and 7 months

     Handling all Accounting & Statutory matters of Margao Branch  Sending monthly MIS report to R.O and H.O.  Loan Approvals & Credit Appraisals and same sending to H.O. for payment  Preparing Preclosures at branch & sending to H.O. for the closing the Loan.  Preparing the Bank Reconciliation and same sending to H.O. & R.O.  Recruiting the Staff for Marketing, Collection & Accounts

  • Accountant

    Desai Group of Company - Goathland, United Kingdom

    Finance/Accounting
    August 2005 - March 2006 · 8 months

    profile  Handling Accounts upto Finalization of all firms & company  Handling Statutory matters like Excise, Service Tax, TDS & VAT and filing of Returns.  Handling Income Tax and Sales Tax matters with respective Dept.

  • Accounts Assistant

    Nestle India Ltd - Goathland, United Kingdom

    Finance/Accounting
    March 2005 - July 2005 · 6 months

     Handling Accounts Payable Role

  • Audit Assistant

    Chartered Accountant's F - Goathland, United Kingdom

    Finance/Accounting
    September 2003 - March 2005 · 1 year and 7 months

     Internal Auditor of Marmagoa Steel Ltd & Concurrent Audit of Banks

Education

  • EMBA

    ISBM - Mumbai, India

    April 2010 - March 2012

    E-MBA with Specialization in Finance

Languages

  • English
    Full professional
    80%

Skills

  • A good Team player
  • F&B micros
  • Good in microsoft
  • Opera Software
  • Very good communication
Connections
Krisantus Sutrisno
Intern at Four Seasons Hotel
Following
Marriott London Complex
London, United Kingdom
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