Asst Mgr Governance & Compliance

Purpose of the role

Responsible for providing full support and assistance to Governance and Compliance function which includes audit- planning, internal audit, Statutory and Internal audit management, Balance Sheet reconciliation reviews and any other legislation which may be applicable in future. This will include significant interaction with regional/hotel, BSC and IT management and external auditors. In addition, occasional ad-hoc involvement in the other activities of the Controller Group may be required. Work may include international/regional travel.

Key Accountabilities

Essential Duties and Responsibilities

• Assist Senior Manager and Band 5 for the audit management function, year-end and statutory audit across India BSC. This will include liaison-ing with the external auditors, process teams and working hand in hand with the manager or Director to achieve the deadlines.

• Perform reconciliations review for IHG owned BU’s. This will involve interactions with other BSCs processes and key owned hotels

• Liaise with internal and external audit to ensure that they are aware of the latest status of the project and to assist with any queries they may raise.

• Ensure compliance with Group internal auditing standards and practices in the planning, conducting and documenting of audits and for all reports prepared.

• Maintain a consistent, high quality customer-focused orientation. Respond to individuals in manner and timeframe promised. Provide clear, accurate information; explain procedures or materials or provide supplemental information; anticipate problems or questions.

• Continuously identify areas of potential risk, opportunities and effectiveness and propose plans for review of the areas concerned. Prioritize new risks against previously identified risks and revise the audit plans as necessary to provide the most value to the Company. Direct management’s attention towards those areas identified as having specific risk implications or opportunities for improved efficiency, effectiveness or economy.
• Proactively participate on appropriate project team / task forces as assigned to ensure control issues are addressed and desired objectives are achieved
• Develop and maintain an effective understanding of the business strategy and the hospitality industry. Maintain awareness of best practices, trends and issues impacting the industry
• Develop regional tactical initiatives and create an environment of continuous improvement
• To develop a service led culture where high levels of customer satisfaction are achieved continuously.

• Continuously develops and documents procedures to improve the quality and efficiency of processes.

• Assisting with all other aspects of global process management, including advising Director, and Manager Global Financial Governance of process inconsistencies and/or improvement opportunities. Recommending (and assisting in implementing) solutions to address these matters.

Key Collaborative Network

Key Shared Accountabilities

Key Interfaces

• Develop and maintain an effective understanding of the business strategy and the hospitality industry. Maintain awareness of best practices, trends and issues impacting the industry.
• Develop regional tactical initiatives and create an environment of continuous improvement.

Key Internal Relationships –

• This position serves as primary contact for all IHG BSC processes and business for day-to-day operations and issue resolution in compliance with specific Service Level Agreement, and governmental regulation requirements.

• Regional Accounting Manager of all processes

Key External Relationships –

• External Audit firms

Required Education, Experience, Technical Skills and Knowledge

Education

• Qualified accountants (ACA, CIMA, CPA, CMA) or MBA with strong Accounting and process knowledge

Experience

• 5 -6 plus years’ progressive work experience in hotel and or Corporate Accounting, Internal Audit, with demonstrated proficiency in multiple disciplines/processes related to the position.

• Experience in the design, mapping and delivery of processes and process improvements

Technical Skills and Knowledge

• This position has impact regarding the prioritization of work and for supporting Manager for identifying opportunities for improvement.

• This position has significant impact for meeting deadline, escalating issues and making actionable plans to achieve operational targets.

• This position makes independent decisions on accounts to resolve process or customer issues and to monitor and resolve vendor relations issues.

• Demonstrated ability to lead, motivate and develop the team (4-6)

• Experience of 2+ years in Team Lead/Team management position Demonstrated knowledge and understanding of People-Soft 8.0 or other E.R.P. systems

• Proficient in Microsoft Office products. Demonstrated knowledge of Generally Accepted Accounting Principles and practices as well as IAS / IFRS Demonstrated ability to lead process change Demonstrated experience in leading, motivating and developing people.

• Demonstrated effective verbal and written communication skills.

• Extensive working knowledge of audit & control process, procedures in related environment

Key Metrics

• Timely completion of audit.

• Response to queries on time.

• Reconciliation review on time.

• The role involves responsibility to facilitate and surprise free audits

• The role member is responsible for effective review of balance sheet account reconciliations of different processes

Organizational Parameters

Direct Supervisor

• (Senior Manager or Band 5)

Direct Reports / Indirect Reports

• NA

• NA

Decision Rights

Owns

• Accountable for all aspect of completing the reconciliations in his/her process – quality, efficiency, effectiveness, internal controls, risk and an excellent customer experience.

Influences

• NA