Rajesh Dewan

Experience

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  Yak and Yeti

  Dec 1998 - Nov 2000

  Financial Controller

  Organization: YAK and YETI HOTEL, KATHMANDU, NEPALDesignation : Financial ControllerA five star deluxe hotel with 270 rooms and a convention centre.AchievementsDevelopment and implementation of following strategic policies for Yak & Yeti: -• Credit policy: - Resulted in reduction of number of days of outstanding from 48 days to 35 days and overall reduction in outstanding by 20%.• Purchase policy: -Reduction of purchase timing, implementation of contracts for supplies.• Recipe and menu costing policy: -Costing and price fixation of menu and profit and loss of each of the outlets treating them as individual profit centers. • Accounts receivable policy: - setting up procedures of follow up of payments thus resulting in better control on outstanding. Show less

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  Shree Maheshwar Hydel Power Corporation Ltd

  Jul 2001 - Apr 2002

  Senior Vice President Accounts and Commercial

  A S Kumar’s Group Company. Project is Rs 2233 crore Hydro Power Project in M.P. – India with Corporate Office in Mumbai Handling accounts and commercial functions of the company. Accounting functions include maintenance of Site (Project Accounts), Corporate Accounts, and 3 other offices at other Cities, MIS and finalization of annual accounts, preparation & implementation of control systems, Statutory and internal audits (KPMG), filling of returns and other statutory compliance. Commercial functions included negotiations for purchase of steel, cement for the site, negotiation & finalization of contracts. Liasioning with Banks and Financial Institutions. The project was closed. Show less

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  InterContinental Hotels Group

  Dec 2002 - Jun 2013

  InterContinental Hotels Group is the world's largest hotel group by number of rooms. IHG owns, manages, leases or franchises, through various subsidiaries, over 4,500 hotels in over 100 countries and territories around the world. Have work experience in Hotels, BSC and Corporate office of IHG.Designation Director of Finance and Business Support Crowne Plaza Changi Airport - SingaporeDuration April 2013 – June 2013Job Responsibility:Business SupportFund Management AccountingControl & MIS Designation Director of Finance and Business Support – South West Asia (South West Asia includes India, Sri Lanka, Bangladesh, Nepal, Bhutan and Pakistan)Duration April 2011 – April 2013Job Responsibility • Drive Profit Maximization and Business Growth through communicating and coordinating the regional Strategy/Long Term Business Plans/budgets and forecasting, as well as regional overheads to ensure they are robust and attainable.• Maintenance of Owner relationships from preopening stage and continue to build relationship in order to ensure compliance of Management Agreement and collection of dues.• Ensure compliance with Management Agreements and control environment through building relationships with Business Partners and training of hotel Business Support employees in the region.• Financial planning and Analysis for hotels and corporate office and annual budgets, forecast and reporting. • Coordination with IHG Global Service Center on deliverables for South West Asia. • Setting up of Finance and Business Support department at the pre-opening Hotels with coaching of Hotel Director Finance & Business Support.• Ensure that InterContinental Hotels Group’s Policy & Procedures and Delegation of Authority are followed at Corporate and Hotels properly to minimize risks. Show less Achievements• Successful opening of 3 hotels in 2011 and scheduled opening of 2 hotels in 2012• Continue to build up Owner relationships• Supporting Collections team in driving collections• Webex training for managed and franchise hotels• Launch of Essbase lite, Target GOP and Metrics based performance measurement in IHG South West Asia.• Driving hotels' profitability• Implementation of Global Process• Successful launch of “Insights” professional and personal enrichment program for Finance Leaders in IMEA region• Finance I-Grad program – part of team and contributed in completion of I-Grad modules • Training on EFPM model for budgeting and forecasting • Launch of Capital planning tool in IHG SWADesignation Director of Finance & Business Support Holiday Inn Atrium - SingaporeCurrent Role January 2008 to March 2011Holiday Inn Atrium Singapore, is 515 rooms Hotel located on Outram Road. The Hotel is near to Orchard Road and Shenton Way, giving it prime advantage of Transient and corporate room business Hotel. The Hotel has 2 F&B Outlets, 1 Bar and 9 Banquet/meeting Rooms. Attended IHG revenue academy in 2008, which gives insight into various aspects of revenue management Achievement: • Cluster negotiations for Singapore Hotels for Merchant Discount Rate for credit cards• Peerlink study on IHG Singapore Hotels internally and in comparison to IHG Victoria hotels • Worked on project for implementation of PeopleSoft in Singapore hotels with BSC team in Singapore and Sydney• Drafting accounting policy and procedures for South Asia and Korea region for standardization across the region, based on IHG accounting guidelines.Job Responsibility:• Revenue Management• IT• Coordinating with IHG Corporate Office Singapore• Dealing with Owning Company Representative• Receivable, Payable and Inventory Management • Banking• Procurement • Annual budget planning and forecasting• Financial analysis., MIS• Statutory Audit and Internal Control Show less Designation Area Manager Finance and Business Support – South West AsiaDuration December 2005 to January 2008IHG – South West Asia, the region has Hotels in InterContinental, Crowne Plaza and Holiday Inn Brands with over 3000 guest rooms in operations and above 30 hotels in pipeline. Achievements• Successful Hotel openings in InterContinental and Crowne Plaza Brand with set up of Finance and Business Support department, implementation of Policy and Procedures and Internal Audit system as per IHG guidelines.• Maintaining Owner relationship• Improving IHG collection from Hotels and brining down outstanding above 180 days from 67% in December 2005 to 25% with year end target of 15%.• Review on Internal Audit reports twice a year with regular follow up resulting in marked improvement in scores, which are over all above 90% with cash control and AR control 100%.• Support to Development team to achieve its targets ensuring timely due diligence, projection analysis and pre-opening budgets.Organization InterContinental Marine Drive (with Owners) Mayfair Rooms and Hospitality Pvt Ltd.Designation CFODuration March 2005 to December 2005 Reorganization of Owner business of banqueting and restaurants with InterContinental Marine DriveAchievement: Successful implementation of above before moving to South West Asia Corporate office of IHG. Show less Designation Manager – CMH (America) BSC – IndiaDuration November 2004 to March 2005 Working as Manager – CMH (Centrally Managed Hotels) America, at Business Service Center (BPO) of InterContinental Hotels Group. Underwent training on PeopleSoft at Business Service Center of InterContinental Hotels Group at Atlanta, USA. Job responsibility includes review of Owned and Managed Hotels of the Group in America.  Transition of accounting of 200+ Hotels from BSC Atlanta, USA to BSC in India  Supervision of group of 20 Chartered Accountants Review of general ledger Passing of accrual entries for expenses Analysis of Profit and Loss account  Reconciliation of general ledger with PMS, Order to Pay,  Training on the process in BSC – India  Responding to queries from the Hotels Completion of Data processing as per SLA  Training in various PeopleSoft process at India BSC Achievement: Successful transition of accounting and balance sheet processes of more than 200 managed hotel in various brands of IHG from BSC in Atlanta, USA to BSC – New Delhi, India Designation Manager Finance and Business Support InterContinental Marine Drive – Mumbai, IndiaDuration December 2002 to November 2004Also Officiated as General Manager for 3 months during absence of General Manager• Joined the Hotel as part of pre opening team and was instrumental in making all the policy and procedures of the Hotel for all the departments as per IHG Guidelines.• Setting up of accounting control procedures for Finance & Materials, Front Office and Food and Beverage and Opera (Fidelio) and MICROS.• Controlling pre opening budgets and expenses.• Planning for equipment purchase.• Setting up accounts and materials departments. 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  • Director of Finance & Business Support

    Dec 2002 - Jun 2013

  • Director of Finance and Business Support

    Dec 2002 - Jun 2013

  • Director of Finance and Business Support

    Dec 2002 - Jun 2013

  • Director of Finance and Business Support

    Dec 2002 - Jun 2013
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  Marriott International

  Jul 2013 - Jan 2020

  Director of Finance - Singapore Marriott Tang Plaza Hotel

  Marriott International Inc. is biggest hospitality company with presence around the world. Guided by Marriott family leadership by more than 80 years.Singapore Marriott Tang Plaza Hotel is an iconic Hotel on Orchard Road with 392 rooms which have undergone a transformation. Culinary delights abound at our award-winning restaurants. Job Responsibility:Business SupportStrategic partner with revenue management & sales and marketing teams to drive revenue Maintenance of Owning Company RelationshipSupporting cluster initiatives like Procurement and Business CouncilFinancial Planning and Analysis• Annual Budgets and forecast• Capital Planning• Handling of Purchases and Rate negotiations• Monthly Financial Analysis of Hotel Performance and Reporting on variance analysis• Banking and Funds Planning• Receivable and Payable• Inventory ManagementAchievement and Awards:• Developing team members for positions in Corporate Office and Hotels in Marriott • Onboarding and training of new Director of Finance and providing support to existing Director of Finance in Singapore • Maximisation of profitability to ensure meeting stakeholders expectation • Participated in CGDI project for Finance Standards to update International Finance standards operating policies.• Marriott Asia Pacific 2017 and 2015 Award for Owner Relationship• Marriott Asia Pacific 2017 Special Achievement Award for Cluster Procurement • The Hotelier Award for 2016 ASEAN Finance Hotelier of the Year• Marriott Asia Pacific 2015 Award for Internal Control Show less

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  Marriott Hotels

  Jan 2020 - now

  Director of Finance Bangkok Marriott Marquis Queen's Park