Srinivasan M

A competent professional with 18 years plus experience in Hospitality industry. Gained exposure in all facets of finance & accounts including budgeting, forecasting, funding, financial analysis, cost control, auditing, management reporting, taxation and compliance. Assessed compliance with Government and jurisdictional regulatory requirements, financial accounting and auditing standards, and company policies to ensure that company assets were safeguarded.

Effectively administered the financial pre-opening functions like system implementation, hiring, training and developing staff, setting up of finance, setting up banking, budgeting operative expenses, mobilising funds, and assisting procurement team members. Established consistent and appropriate business practices, enhanced controls for credit risks, internal controls, and auditing. Centralised financial accounting managed through shared services for group companies (P2P and AR).

Gained exposure in implementation of property management systems, accounting systems, point of sale systems, revenue management systems, inventory and procurement modules, workflow management systems, BI tools, bank integrations, system interfaces and reservation systems. Proficient in handling various hospitality systems like Protel, RMS, Sanguine, Oracle Net Suite, Oracle Fusion, SAP, Ecobillz, Salesforce, Microsoft power BI, Altrocks, IDS & WINHMS.

Assistance Vice President – Finance & Accounts - Sterling Holiday Resorts Limited (Owned by Thomas Cook Limited)

(2025-07)

Collaborate with Business Heads to oversee and drive operations across South and East region resorts and hotels.

• Collaborate with Business Heads to oversee and drive operations across South and East region resorts and hotels (23 properties – 1,652 keys).
• Lead quarterly financial target setting, budgeting, and performance forecasting.
• Provide support to external auditors during quarterly and annual statutory audits.
• Conduct monthly business performance review meetings with Business Leaders and Senior Management.
• Strengthen internal control systems by identifying key business risks and recommending process improvements across operational areas.
• Monitor, control, report, and finalize CAPEX commitments across properties.
• Work closely with ownership groups of managed properties to enhance profitability and establish robust accounting standards for efficient and risk-mitigated operations.
• Support pre-opening projects to ensure seamless and timely commencement of operations.
• Oversee and ensure compliance with all statutory and regulatory requirements.
• Assist the tax team in managing compliance matters and resolving litigation-related issues.

General Manager – Finance & Accounts - Sterling Holiday Resorts Limited (Owned by Thomas Cook Limited)

(2023-10 - 2025-06)

Growth Path & Deputation role overseeing South and East region resorts and hotels operations.

• Collaborate with Business Heads to oversee and drive operations across South and East region resorts and hotels (23 properties – 1,652 keys).
• Lead quarterly financial target setting, budgeting, and performance forecasting.
• Provide support to external auditors during quarterly and annual statutory audits.
• Conduct monthly business performance review meetings with Business Leaders and Senior Management.
• Strengthen internal control systems by identifying key business risks and recommending process improvements across operational areas.
• Monitor, control, report, and finalize CAPEX commitments across properties.
• Work closely with ownership groups of managed properties to enhance profitability and establish robust accounting standards for efficient and risk-mitigated operations.
• Support pre-opening projects to ensure seamless and timely commencement of operations.
• Oversee and ensure compliance with all statutory and regulatory requirements.
• Assist the tax team in managing compliance matters and resolving litigation-related issues.

Senior Finance Manager - Ascott International Management India Private Limited (Managed by The Ascott Limited, Singapore)

(2011-05 - 2023-10)

Led financial analysis, accounts management, and month & year end closing. Managed budgeting, reporting, and internal control improvements. Coordinated audit reviews and managed capex project budgets.

• Analysing accounts & performing month & year end closing/risk management
• Rendering assistance to the company's external auditors during interim or year-end audits
• Working for budgeting and reporting results at period closings to parent company
• Improving internal controls through identifying significant business risks and making recommendations to management on various operational areas
• Creating ledgers in compliance with the regulations of the office & accounting standards
• Reviewing annual company tax returns and monthly statutory requirements
• Reviewing business activity statements
• Reviewing balance sheet reconciliations
• Reviewing auditing
• Organizing quarterly board meetings with stakeholders along with ensuring company's secretarial compliances
• Controlling, reporting, finalizing and forecasting of capex project budgets along with sharing knowledge of cash flow & owner priorities
• Interfacing directly with the appropriate salesperson and customer to resolve credit issues; also deciding credit limits
• Recommending significant process re-engineering guidelines, leading to cost reductions and enhancing processes

Senior Finance Manager - Ascott International Management India Private Limited

(2011-05 - 2023-10)

• Revamped consolidated KPI management reporting to balance operations performance to financial results.
• Consistently achieved greater than 80% monthly budget and forecast accuracy by developing and implementing a functional Sales & Operations Planning process.
• Division lead charged to coordinate all internal and external accounting audit reviews - no major audit findings or adjustments recorded.
• Benchmarked facility cost structures and sales metrics to identify profitability improvement opportunities. Cost savings identified and executed like saved cost by 32% to 38% by optimally utilizing wind energy for electricity, etc.
• Reviewed Balance Sheet Accounts and Profit & Loss Accounts at unit level; ensured integrity of all reported financial statements.

Finance Executive - Seven Hotels, Bengaluru a unit of Seven India Hospitality India Private Limited - Bengaluru

(2008-12 - 2011-05)

Enhanced accuracy of company's reported financial results and ensured compliance with standards. Supervised accounts payables and receivables activity.

• Enhanced the accuracy of the company's reported financial results and ensured that results comply with the standards
• Supervise accounts payables and accounts receivables activity
• Prepared all statutory returns monthly, quarterly and yearly.
• Reviewed balance sheet reconciliations prepared by the team for closure (including open, unusual and aged items)
• Assisted with manual and periodic inventory including preparation, cutoffs, audit of counts and reconciliations
• Implemented and maintained relations with customers, vendors and banks
• Maintained general ledger accounts, analysed & reconciled accounts receivable & accounts payable ledger, prepared monthly accruals & entries.

F&B Controller - Radha Hometel, Bengaluru managed by The Sarovar hotels - Bengaluru

(2008-06 - 2008-12)

Conducted physical inventories, menu costing, and financial reporting. Designed food and beverage control systems and procedures.

• Conducting physical inventories, menu costing, financial reporting and delivery of goods to respective outlets
• Designing food and beverage control systems and procedures
• Conducted physical inventory, menu costing, financial reporting and delivery of goods to respective outlets
• Monitor stock levels and perform inventory reconciliations

Master of Business Administration - Finance - S.A. Engineering College, Chennai (2008)

Bachelor of Commerce - Nazareth College of Arts and Science Chennai (2006)