Job Title / Position: Senior Executive - Finance & Accounts
DEPARTMENT - Finance & Accounts
COMPANY - Olive by Embassy
LOCATION - Bangalore
Role Summary
Finance & Accounts Executive
The Finance Executive will be responsible for managing day-to-day accounting operations, including Accounts Payable, Accounts Receivable, General Ledger accounting, statutory compliance, financial reporting, audits, and internal controls. The role requires close coordination with hotel operations, procurement, sales, front office, and corporate finance teams to ensure accurate financial records and timely reporting.
Key Responsibilities:
1. Accounts Payable (AP)
· Verify vendor invoices, purchase orders, and supporting documents.
· Process vendor payments as per agreed credit terms.
· Reconcile vendor statements and resolve discrepancies.
· Ensure proper accounting and booking expenses.
· Monitor advances paid to vendors and employee reimbursements.
· Maintain aging reports and payment schedules.
· Coordinate with procurement and operations teams for invoice approvals.
2. Accounts Receivable (AR)
· Generate customer invoices for corporate clients, and long-stay guests.
· Monitor collections and follow up on outstanding receivables with Sales and Front office team.
· Reconcile OTA collections, corporate receivables, and credit card settlements on regular basis.
· Maintain debtor aging and provide collection status reports.
· Coordinate with Sales and Front Office teams for timely recovery.
· Verify room revenue, F&B revenue, and other operating revenues.
· Monitor cash collections and bank deposits.
· Reconcile loyalty program settlements and OTA commissions.
3. General Accounting
· Pass journal entries and maintain General Ledger.
· Perform bank reconciliations and balance sheet reconciliations.
· Account for accruals, prepayments, deposits, and provisions.
4. Statutory Compliance
· Prepare data for GST returns and reconciliations.
· Ensure compliance with TDS provisions and timely remittances.
· Assist in Professional Tax, PF, ESI.
· Support statutory audits, GST audits, and tax assessments.
· Coordinate with consultants and auditors for compliance matters.
5. Financial Reporting & MIS
· Prepare daily revenue reports and cash reports.
· Generate monthly MIS reports for management review.
· Prepare accounts receivable and accounts payable aging reports.
Qualification & Experience
Educational Qualification
· B.Com / Any Graduation
Experience
· Minimum 4 years of experience in Hospitality/Hotel Industry preferred.
Technical Skills
· Working knowledge of GST, TDS, and statutory compliance.
· Experience with hotel accounting systems such as IDS, Opera, PMS, POS systems, Tally,
SAP, Oracle, or similar ERP.
Pay: ₹35,000.00 - ₹50,000.00 per month
Education:
- Secondary(10th Pass) (Required)
Language:
- English, Hindi, Kannada (Required)
Location:
- Bangalore City, Bengaluru, Karnataka (Required)
Work Location: In person
