PEOPLE SOFTWARE MARRIOTT
Syed Sumsudeen.A
Director of Finance & Business Support
PUDUCHERRY
Summary
Senior-level financial management professional with over the years of expertise in accounting, financial planning. Demonstrated to develop complex financial reporting processes to reach organizational goals and capitalize on new revenue sources.
Overview
11
11
years of professional experience
5
5
years of post-secondary education
4
4
Certifications
3
3
Languages
Work History
Director of Finance & Business Support
Holiday Inn Chennai OMR IT Expressway
04.2024 - Current
- Reduced overhead costs by identifying inefficiencies and implementing targeted cost-saving measures across various departments.
- Implemented robust compliance protocols to adhere to all relevant regulations while mitigating the risk of fines or penalties.
- Provided insightful recommendations for process improvements, contributing to increased operational efficiency across the organization.
- Streamlined financial reporting processes by implementing more efficient software systems and optimizing data management.
- Developed accurate monthly forecasts using historical data trends combined with current market conditions for enhanced decision-making capabilities.
- Introduced a comprehensive performance measurement system that facilitated transparent goal-setting for finance staff members.
- Improved internal controls and risk management strategies to safeguard company assets and minimize potential losses.
- Successfully managed multiple, concurrent projects by prioritizing tasks and allocating resources efficiently.
- Optimized cash flow management through diligent monitoring of receivables, payables, and investment activities.
- Conducted thorough financial analysis on proposed projects, ensuring investments aligned with company''s growth strategy and delivered desired ROI.
- Managed a high-performing finance team, providing guidance and mentorship to foster professional growth and development.
- Proactively monitored industry trends to identify new revenue streams or cost-saving initiatives that would benefit the company''s bottom line.
- Negotiated favorable vendor contracts by leveraging strong analytical skills and industry knowledge for competitive advantage.
- Generated financial and operational reports to assist management with business strategy.
- Analyzed financial statements against forecasts to prepare high-level variance analysis.
- Complied with established internal controls and policies.
Financial Controller
HOLIDAY INN CHENNAI OMR IT EXPRESSWAY
2 2022 - 03.2024
- Ensure an up to date cash flow projection is maintained and maximizes cash flow performance of the hotel through controls on inventory, credit and collection, disbursements, deposits and remittances
- Prepares outlooks for forthcoming months and forecasts for the remainder of the year
- Prepares monthly position of actual results against budget, analyse results and recommend to Executive Committee measures required to meet budget
- Distributes outlook and forecast information as an up to date management tool for operating departments
- Implement and review financial controls and policies
- Communicate with Owners
- Analyze financial and management reports
- Design internal reporting systems required by the department and hotel.
- Evaluate existing internal control measures that apply to accounting procedures and computer systems as per IHG Policies and Procedures
- Employ adequate internal control procedures to ensure correct authorization for payment procedures
- Manage internal and external audits when they occur
- Provides administrative support to Management with reference to policy enforcement, business advice and operational assistance.
- Identifies training needs, develops formal training plans and conducts training sessions for accounting and operational staff in coordination with other departments
- Identifies staff with potential for promotion and/or transfer within Accounting operation
- Obtains appropriate legal counsel regarding the business practices of the hotel and maintains an awareness of local laws, rules and regulations
- Provides safekeeping, including proper storage and access for all contracts, leases and other financial records
- Follows up on all capital expenditures to ensure compliance with original justification and approval.
- Recommends and maintains appropriate list of delegation of authority for hotel Management.
- Conducts monthly inspections and tests to ensure all departments are complying with required procedures
- Performs those duties required by the controls checklist issued by IHG Regional Director of Finance and Business Support.
- Reviews prices and recommends pricing strategy to the General Manager
- Implements and maintains acceptable accounting practices and procedures as required by InterContinental Hotels Group Policy, generally accepted accounting practices, and as affected by local conditions
- Select and monitor the Local Banking arrangements made for the operation of the Hotel in conjunction with the Hotel Owners (Managed Hotels)
- Review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items
- Ensure all accounts are reconciled on monthly basis, review and approve those reconciliation’s
- Reduced operating costs through meticulous budget management and cost analysis.
- Enhanced cash flow management with timely accounts receivable monitoring and collections efforts.
- Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review.
- Supported executive-level decision making through the development of clear KPIs, financial metrics and dashboards.
- Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures.
- Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
Financial Controller
SAROVER HOTELS & RESORTS ( Unit of Hidesign & Auberge hotels )
09.2021 - 02.2022
- Managing all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
- Coordinate with Dept. and direct the preparation of the budget and financial forecasts and report variances
- Prepare and publish timely monthly financial statements
- Coordinate an preparation of regulatory reporting
- Research technical accounting issues for compliance aspects.
- Support month-end and year-end close process
- Verifying the quality control over financial transactions and financial reporting
- Manage and comply with local, state, and federal government reporting requirements and tax filings
- Develop and document business processes and accounting policies to maintain and strengthen internal controls
- Additional controller duties as necessary
- Set targets for and supervise all accounting and finance personnel (management accountants, internal auditors etc.)
- Oversee all audit and internal control operations
- Create and distributed reports on internal and external finances, audits and budgets.
- Increased the flow of financial information throughout company by improving communication strategies.
- Prepare timely and detailed reports on financial performance on a quarterly and annual basis.
Finance Manager
WESTIN CHENNAI VELACHERY (MARRIOTT) (Unit of MFAR hotels Pvt Ltd )
12.2019 - 09.2021
- Oversee all audit and internal control operations.
- - Prepare timely and detailed reports on financial performance on a
- quarterly and annual basis.
- Conduct analysis to make forecasts and report to upper executives. Managing all finance and accounting operations.
- - Coordinating and directing the preparation of the budget and
- financial forecasts and report variances.
- Preparing and publishing timely monthly financial statements.
- - Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition.
- Support & Verify the month-end and year-end close process.
- - Manage and comply with local, state, and federal government reporting requirements and tax filings.
- Prepared & initiated effectively of all accounting policies and procedures.
- Monitor and improve hotels operation costs, profitability and manage during business crises.
- - Conduct regular weekly finance department meetings.
- - Prepare expense reports, purchase orders, payroll information, checks for taxes, utilities and other payments
- - Examine all bank accounts in assistance with the assistant Of General
- - Maintain system of accounts and keep books and records on all transactions and assets.
- - Coordinate the preparation of financial information in the corporate annual report.
- - Assist in production of cash flow reports on monthly basis.
- Created organizational structures to improve accounting and finance functions.
Assistant Finance Manager
IBIS CHENNAI CITY CENTRE (ACCOR)(Unit of Interglobe Hotels Pvt Ltd )
12.2015 - 11.2019
- Preparation of Monthly Profit & Loss Reports (MIS) and Review with GM
- Payroll processing
- - Well-developed leadership skills to avoid Attrition
- Bad Debt management and collection
- Ensuring compliance with statutory law and financial regulations
- - Improving efficiencies and reducing costs across the business Cash flow management
- - Handled the department as an HOD in the absence of Financial controller
- - Manage and comply with local, state, and federal government reporting requirements and tax filings
- Ensure quality control over financial transactions and financial reporting
- Support month-end and year-end close process
- Coordinate and direct the preparation of the budget and financial forecasts and report variances
- - Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
- Preparing and publishing timely monthly financial statements
- - Coordinating and directing the preparation of the budget and financial forecasts and report variances
- Managing all finance and accounting operations
- - Handling with External and internal audit providing the information.
- - Successfully completed the Pre-opening Set up
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Finance Executive
Radisson Blu Chennai City Centre (Unit of VVA hotels pvt ltd)
04.2014 - 12.2015
- Monitor the special billing arrangements for groups andconventions as required to ensure that postings are in line withcustomer requirements.
- Raise monthly rebates for all clearing accounts.
- Preparing and distributing invoices for all check out withbalance
- accounts
- Posting all cheque payments received daily. Prepares monthly bank account reconciliation
- - Prepares and to process some necessary adjustment's fix wrong charge and price applied
- - Prepares the necessary journal vouchers at the end of theperiod. Performs and coordinates monthly payroll statement for200+ employees
- - Prepares and records luxury tax report for audit.
- Reports immediately any unfavorable information received affecting and customer's credit standing, so that appropriate actions may be taken.
- - Ensures that policies and procedures granting of credit are observed .
- - Attends monthly Credit Meeting and maintains updated list of travel agents which are blacklisted and/or prepayment basis.
- Complies with Accounting Standard Manual.
- Performs any other duties as assigned by the hotel’ s management.
Finance Associate
Raintree Hotel (Unit of Ceebros India Pvt Ltd )
08.2013 - 09.2014
- Trained in all areas of accounts, in order to perform the Daily activities of finance department.
- Post, edit, balance and update accounts receivable ledger.
- - Liaise with reservations, sales and banquet departments regarding all disputed accounts.
- - Balancing daily transfers to City Ledger, posting editing and updating to accounts receivable system.
- Reconcile all credit card charges to payments received. Preparing and distributing invoices of employee’ s CityLedger accounts monthly
- Process account queries and respond to customer queries as required
- - Reconciliation of accounts when necessary.
- - To assist, with month end inventories and all other accounts related work.
Education
Bachelor of Commerce - Accounting And Finance
ACHARIYA ARTS & SCIENCE COLLEGE
PUDUCHERRY 06.2010 - 05.2013
MBA - Accounting And Finance
SREE RAMALINGAM (PUDUCHERRY )
PUDUCHERRY 06.2015 - 05.2017
Certification
BEST MANAGER OF THE YEAR
Software
IDS NEXT
WINHMS
OPERA (ORACLE)
BIRCHSTREET
MATERIAL CONTROL (ORACLE)
SUN
Timeline
Director of Finance & Business Support
Holiday Inn Chennai OMR IT Expressway
04.2024 - Current
OUTPERFORMANCE EVERYDAY AWARD IN SWA REGION AT IMEA FINANCE SUMMIT AT ABU DHABI
04-2024
HALF YEARLY BEST DEPARTMENTAL LEADER
10-2023
Financial Controller
SAROVER HOTELS & RESORTS ( Unit of Hidesign & Auberge hotels )
09.2021 - 02.2022
BEST MANAGER OF THE YEAR
12-2020
Finance Manager
WESTIN CHENNAI VELACHERY (MARRIOTT) (Unit of MFAR hotels Pvt Ltd )
12.2019 - 09.2021
BEST FINANCE PERSON OF THE YEAR (NOMINATED) PAN INDIA
12-2018
Assistant Finance Manager
IBIS CHENNAI CITY CENTRE (ACCOR)(Unit of Interglobe Hotels Pvt Ltd )
12.2015 - 11.2019
MBA - Accounting And Finance
SREE RAMALINGAM (PUDUCHERRY )
06.2015 - 05.2017
Finance Executive
Radisson Blu Chennai City Centre (Unit of VVA hotels pvt ltd)
04.2014 - 12.2015
Finance Associate
Raintree Hotel (Unit of Ceebros India Pvt Ltd )
08.2013 - 09.2014
Bachelor of Commerce - Accounting And Finance
ACHARIYA ARTS & SCIENCE COLLEGE
06.2010 - 05.2013
Financial Controller
HOLIDAY INN CHENNAI OMR IT EXPRESSWAY
2 2022 - 03.2024
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