Sushil Shetty

• Assisting Director of Finance/Finance Manager in all stages leading to the preparation of all monthly financial reports and analysis
• Maintaining general ledger accounts and preparing journal entries for accruals and variances
• Reconciling balance sheet accounts and ensuring that all entries are accurate and that transactions are reported in accordance with accounting standards and regulations
• Reviewing financial reports to identify and explain the variances
• Prepare, post and update standard journal vouchers and adjustment journal voucher entries at the month end, such as - prepaid expense, operating provisions, payroll, payroll accruals, and other accruals
• Preparation and process of monthly Journal Vouchers
• Ensure that all relevant month ends adjustments are posted on or before 1st day of the following month
• Preparing cash flow statements and resolve outstanding balancing issues
• Assisting the team with accounting issues and queries
• Assist the Director of Finance/Finance Manager in Supporting budgeting and forecasting activities
• Approval of Credit Notes, Debit notes and Sales Returns
• To ensure that charge codes are correct and relevant supporting documents are attached
• Investigate and resolve all customer queries and discrepancies
• Ensure that all payments are allocated on a daily basis and check open credit column is zero in Aged balances
• Schedule and conduct the monthly credit meetings
• Minutes of the credit meeting to be distributed to all attendees for signature
• Ensure that all credit notes, debit notes and payments are approved and posted in Back Office.

• Responsible for handling General Ledger, Payroll accounting, F&B controls and Accounts Payable, Income Audit and Credit Function
• Supervise all regular accounting processes such as A/P, AR, Income Audit and cost Journal Entries plus monthly closure accounts
• Assist the Director of Finance/Finance Manager in implementing and streamlining the internal control procedures covering all activities of the hotel
• Assist the Director of Finance/Finance Manager in all stages leading to the preparation of all monthly financial reports and analysis
• Prepare, post and update standard journal vouchers and adjustment journal voucher entries at the month end, such as - prepaid expense, operating provisions, payroll, payroll accruals, general stores issues, engineering store issues, reconciliation of food & beverage cost, accruals, provisions, allocation of expense, etc
• Prepare bank reconciliation statement and review general ledger at month end and analyze expenses and major variations from the budget
• Assist the Director of Finance/Finance Manager in preparing the annual budget liaison with all relevant departments and in line with corporate strategy for presentation to the management
• Apart from this, developed daily, weekly, monthly revenue reports and preparing annual forecasts for revenue and expense, cash flow in liaison with all relevant departments and in line with corporate strategy
• Supervise the Income Auditor in auditing the operation of the hotel's revenue generating departments
• Supervise the Credit Manager in ensuring that all the precautionary measures have been implemented and all the outstanding debts are collected on a timely basis to minimize bad debts as far as possible
• Prepare reconciliation schedules for all balance sheet accounts on a monthly basis and any other accounts as may be necessary for time to time
• Ensure that all control accounts are in balance with subsidiary records and information at all times
• Preparation and process of monthly Journal Vouchers
• Prepare journal entries and synthesize common ledger for subsidiary accounts
• Ensure capital expenditure control cards and reporting are up to

Payroll Accounting:-

• Verify data entry by HR department, ensure accuracy of earnings and deductions and
• Make accounting provisions according to accounting standards
• Ensure reconciliation of salary paid and prepare related MIS for payroll
• Processing and disbursement of salary as per the statutory requirement
• Prepare final settlement statement for terminations and resignation
• Prepare accruals for gratuity, pension and vacation
• Monitor the actual payroll of the departments with budget

Accounts Payable:-

• Scrutiny of all invoices in the system for goods and services
• Ensure timely payment to vendors as per agreed contracts
• Prepare cash flow requirement based on outstanding due
• Reconciliation of vendor accounts including advances settlements
• Balance confirmation
• Developed records storage and maintenance for improved audit reliability.

Cost Control:-

• Verified invoice and expense claims' accuracy ahead of processing.
• Ensure costing of recipes and derive F&B cost on a daily basis
• Reconcile difference between Standard and Actual cost
• Monitor yields of perishables and butchery products as per prescribed standards
• Buffet costing for various meals and different categories
• Prepare menu-engineering reports and suggest way forward
• Reconcile inventory consumption with cost incurred

Income Audit

• Mandatory reports are verified and signed by the FOM on a daily basis and kept properly
• Income audit checklist signed on a daily basis by DOF and discrepancies sorted out with the Respective Department Head
• Prescribed taxes are being calculated correctly by the Opera & Micros and hence there is no loss of revenue on this account
• The sale, collection and receivable figures as per Trial Balance in OPERA has been matched with the GL Interface file in OASIS to ensure that sale, Collections and receivables have been completely posted from OPERA to OASIS.
• Trained new personnel in key departmental functions and protocol.

• Optimised credit approval and collection processes, improving operational efficiencies.
• Managed activities of accounts receivable and credit control functions, ensuring timely collection of outstanding amounts and maintenance of outstanding debts within the timeframe.
• Reduced past due balances and bad debt by coordinating collection efforts with customer service, sales and billing departments.
• Oversaw all reporting, documentation and record-keeping requirements for department.
• Devised, maintained and administered credit policy to provide expertly planned cash flow and minimise exposure to risk.
• Collaborated with management to evaluate credit strategies and develop improvements.
• Obtained and reviewed credit reports, credit references, credit insurance and financial statements to establish credit limits for new accounts.
• Wrote and implemented standard operating procedures for credit personnel to ensure consistency in unit operations.