Manish Jain

Experience

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  Hindusthan Development Corporation Ltd

  Jun 1992 - Sept 1995

  Assistant Manager – Accounts & Administration

  Joined as Asst Manager – Secretarial; promoted as Asst Manager – Accounts & Administration in Jan’93.1) Oversaw finalisation of Consolidated Accounts of 7 SBUs on a monthly basis.2) Coordinated for Statutory and Tax Audits. Prepared CMA and other Financial Papers for Banks and Institutions. Handled reconciliation of Term Loans availed by various units from ICICI and IDBI.3) Assisted in preparation of Offer Document, replying to various queries in respect of the same and obtaining Comfort Letters from the Auditors at various stages of the Euro Issue.4) Handled Post Public Issue work including collection reconciliations, allotment, endorsements of papers, filing of documents with various Statutory Authorities. Show less

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  Polar Group

  Oct 1995 - May 2004

  DGM (Internal & Management Audit) and Executive Assistant to Vice Chairman of the group

  Spearheaded diverse responsibilities encompassing Strategy Planning, Systems Implementation, Internal / Management Audits, Financial Models, Secretarial Functions & Compliance across assignments.Significant highlights across the tenure with the organisation included:As DGM (Internal & Management Audit) in Polar Industries Ltd, Kolkata and Executive Assistant to Vice Chairman of Polar Group (Apr’01-Jun’04)1) Steered the functioning of the Internal & Management Audit Team for covering 4 Units in Kolkata and Balasore on a quarterly basis. Chief contributions included:– Stressed on improvement of work flow in Factories with implementation of Best Practices / Computer Systems in all Factories.– Extensive study and recommendation for Supply Chain Management of Fan factories.– Focused on use of Systems for all activities in Factories and Head Office with continuous efforts being put in by analysing requirements from ground level. – Extended Audit functions to Quality, Marketing, Equipment Maintenance, Legal matters and Management Decisions.2) Led the Design & Implementation of the Core Costing System in Polar Pharma India Ltd., Balasore (ISO Certified). Oversaw its development in an EXCEL template its conversion into an Oracle based package by a Software Vendor.3) Initiating the Restructuring of the Insurance Portfolio in the Polar Group.4) Pivotal in formulating Budget Control Systems in Polar Companies. Designed MIS covering Working Capital Cost, SCM, Insurance, Production, Marketing etc.5) Headed the Core Implementation Team of ERP (Oracle based) in Polar Pharma India.As Company Secretary and Executive Assistant to Vice Chairman of Polar Group (Oct’95-Mar’01) Show less

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  Taj Hotels

  Jun 2004 - Aug 2007

  Steering initiatives towards achievement of organisational goals & vision with chief responsibilities pertaining to Strategy Planning, Budgeting, Finance & Accounts, Taxation, Pricing, Systems Implementation, and Secretarial Functions & Compliance with a team of 30 people.Significant Highlights:1) Overseeing the formulation of Annual / Capital Budgets worth Rs. 80 Crores.2) Ensuring improvement and enforcement of Internal Control, Systems & Procedures with effective internal and external control. Streamlined Financial Systems and Procedures for the hotel.3) Developed overall MIS Reports and Accounting Package. Created various MIS Reports for the internal / external use by the Company.4) Managing Accounts Payable / Receivable; function of Inventory & Stores; Expenditure etc. with an eye on adherence to budgeted parameters.5) Heading the hotel’s Negotiation Team for Annual Supply Contracts, Annual Maintenance Contracts and Job / Contract Work.6) Responsible for developing and enforcing Procurement and Purchase policies of the hotel.7) Handled implementation of ERP in two properties Show less Steering initiatives towards achievement of organisational goals & vision with chief responsibilities pertaining to Strategy Planning, Budgeting, Finance & Accounts, Taxation, Pricing, Systems Implementation, and Secretarial Functions & Compliance with a team of 10 people.Significant Highlights:1) Overseeing the formulation of Annual / Capital Budgets worth Rs. 45 Crores.2) Ensuring improvement and enforcement of Internal Control, Systems & Procedures with effective internal and external control. Streamlined Financial Systems and Procedures for the hotel.3) Developed overall MIS Reports and Accounting Package. Created various MIS Reports for the internal / external use by the Company.4) Managing Accounts Payable / Receivable; function of Inventory & Stores; Expenditure etc. with an eye on adherence to budgeted parameters.5) Heading the hotel’s Negotiation Team for Annual Supply Contracts, Annual Maintenance Contracts and Job / Contract Work.6) Responsible for developing and enforcing Procurement and Purchase policies of the hotel.7) Championed significant cost reductions through Menu Reengineering, Renegotiation of various products and services. Liquor cost went down by 6% in a year as compared to previous years.8) Received Tata Business Excellence Award for “Best Finance Team” and for best score in TPAM which is an assurance model for internal controls.9) Received several Appreciation Letters from higher management on improvements noticed during the tenure with the organisation. Show less

  • Regional Financial Controller

    Jul 2007 - Aug 2007

  • Financial Controller

    May 2006 - Jun 2007

  • Financial Controller & Company Secretary

    Jun 2004 - Apr 2006
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  Ista Hotels

  Sept 2007 - Sept 2008

  Financial Controller and Company Secretary

  Instrumental in setting up the systems like Opera, Micros, Prolific and Payroll system. This being a new property the entire onus of framing the policies, setting up the controls and monitoring the system was on me.Steering initiatives towards achievement of organisational goals & vision with chief responsibilities pertaining to Strategy Planning, Budgeting, Finance & Accounts, Taxation, Pricing, Systems Implementation, and Secretarial Functions & Compliance with a team of 10 people.Significant Highlights:1) Overseeing the formulation of Annual / Capital Budgets amounting to Rs. 54 Crores.2) Ensuring improvement and enforcement of Internal Control, Systems ; Procedures with effective internal and external control. Streamlined Financial Systems and Procedures for the hotel.3) Developed overall MIS Reports and Accounting Package. Created various MIS Reports for the internal / external use by the Company.4) Managing Accounts Payable / Receivable; function of Inventory & Stores; Expenditure etc. with an eye on adherence to budgeted parameters.5) Heading the hotel’s Negotiation Team for Annual Supply Contracts, Annual Maintenance Contracts and Job / Contract Work.6) Responsible for developing and enforcing Procurement and Purchase policies of the hotel. Show less

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  Westin Hotels & Resorts

  Oct 2008 - Jun 2011

  Director of Finance

  Since October ‘08 as Director of Finance of The Westin Hyderabad Mindspace, an upcoming 428 rooms 5 star deluxe property in Hyderabad. The property is owned by Chalet Hotels (K Raheja Group) and is under management contract with Starwood Hotels & ResortsSignificant Highlights:1) Instrumental in setting up the systems like FBM, Web Based Payroll system.2) This being a new property the entire onus of framing the policies, setting up the controls and monitoring the system is with me3) Formulation of Pre-Operation Budget, Operational Budget, MISs and HOES4) Heading the hotel’s Negotiation Team for HOES purchases, Annual Maintenance Contracts and Job / Contract Work5) Responsible for developing and enforcing Procurement and Purchase policies of the hotel.6) Taking care of all the licensing requirement and tax related issues in the pre-operation stage Show less

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  Roots Corporation Ltd (100% subsidiary of Indian Hotels Company Ltd)- Ginger Hotels

  Jun 2011 - Oct 2016

  Chief Financial Officer

  Looked after the financing of the growth plan of Roots Corporation, besides accounting, internal controls, management MIS of the existing hotels.

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  Fassco International Pte - JV of SATS Ltd, Singapore

  Nov 2016 - Jul 2018

  Finance Director
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  Sterling Holiday Resorts Limited

  Dec 2018 - Oct 2019

  Chief Financial Officer
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  Turnstone Hospitality LLP

  Apr 2020 - now

  Managing Partner