Venkatesh Laxman Rajput

VENKATESH LAXMAN RAJPUT Ashmi Classic, FF-1 Monte Hill, Margao, Goa - India. Mobile (India) - (WhatsApp) - Email ·- Career Objective: Looking forward for a challenging, responsible and a long-term career-oriented employment in a reputed organization in "Finance & Accounts" department. Where I can enhance my core skills, expertise gained in last 12 years & add value to myself as well as the organization which will lead to accomplishment of job satisfaction, self-development and help me to achieve personal as well as Organization goals & objectives. EXPERIENCE – SUMMARY More than 12 years of experience in Finance department in 5- star luxury hotel operations in India, Oman, Magnolia and Maldives. Extensive experience in internal control implementation. Implemented shared service model in Maldives (2 properties- Income Audit & Purchasing). My expertise is in Income Audit, Cost Controlling, Purchasing, Payroll, Fixed Asset Management, Credit Collection, Account Receivable and Inventory Management. SERVICE MANAGER – FINANCE (INCOME AUDIT/PAYMASTER/FIXED ASSET CUSTODIAN & GENERAL ACCOUNTING) SHANGRI-LA’S VILLINGILI RESORT & SPA, MALDIVES. FROM 10TH OCT 2018 – 30TH NOV 2020 SERVICE MANAGER – FINANCE (PURCHASING, COST CONTROLS/ FIXED ASSET/PAYMASTER) HOTEL JEN MALE MALDIVES FROM 10TH OCT 2016 – 09TH OCT 2018 SERVICE LEADER – INCOME AUDITOR SHANGRI-LA BARR AL JISSAH MUSCAT SULTANATE OF OMAN FROM 22ND AUG’14 – 09TH OCT’16 CREDIT IN-CHARGE VIVANTA BY TAJ PANAJI – GOA – INDIA FROM 21ST OCT’10 – 21ST AUG’14 INTERNAL AUDITOR, TAJ EXOTICA GOA & R.P. AUDI & CO’- GOA – INDIA FROM 07TH MAY’08 – 08TH OCT’10 RESPONSIBILITIES 10TH OCT 2018 – 30TH NOV 2020 SERVICE MANAGER –FINANCE, SHANGRI-LA’S VILLINGILI RESORT & SPA, MALDIVES INCOME AUDIT Segregation of duties between recording, collection, reconciliation, verification and bank-in of revenue/collections. Circulation of Daily Revenue Report. Reconciliation of revenue documents to OPERA PMS reports. Verification of revenue on original revenue documents against event orders, billing documents, and contracts etc. Documented justification and approval for reversals, adjustments, cancellations, corrections, splitting, transferring of revenue. Cancellation of vouchers/certificates upon utilization, to prevent re-uses. Surprise checks – cash counts, spot count of value documents, mystery shopping. Written explanations and issuance of audit findings for unexplained discrepancies. Disciplinary Action against staff as per employee handbook. PAYMASTER/GENERAL ACCOUNTING Ensuring all approved Input documents are keyed-in by payroll before cut off dates. Verifying accuracy of input documents against punch cards/time in/out records and mathematically accuracy. Generating Payroll reports, verifying accuracy against approved input documents and pass to Department Heads / DOF and HR Manager. Preparing reconciliation between current month and previous month’s payroll supported by approved input documents. Preparing Cheque requisitions/Bank Instructions for approval by General Manager and Finance Manager for: - Payment of Payroll - Payments to Statutory Bodies - Cheque/Cash Payroll Monthly preparation of journal vouchers for verification and input by General Ledger section. Management Reports and reports to Statutory Bodies e.g. EWHT & Provident/ Pension Fund, etc. and submission to the respective Government authorities relating to Provident Fund & other statutory obligations as per local law. FIXED ASSETS Preparing and maintaining the monthly Fixed Assets Register and depreciation/ accumulation. Maintaining record of invoices / PV and lapsing schedule to support the entries to FA Register. Maintaining record of FA/OE disposed or lend out to put both parties. Maintaining record of all purchase of equipment (OE) register. Reconciliation of all FA in General Ledger with preparation of quarterly report of OE losses & breakage. Fully involved and completed Property valuation (conducted through an independent valuator) in 2019 and beginning of 2020 with physical asset count. 10TH OCT 2016 – 09TH OCT 2018 SERVICE MANAGER –FINANCE, HOTEL JEN MALE MALDIVES (Shangri-La’s Inter-company transfer to streamline Income audit/ payroll and purchasing department) Started weekly purchase tracker meeting with all HOD’s immediately after joining. Initiated competitive bidding process and aggressively testing the market in order to purchase the merchandise specified at lowest price while meeting dates of delivery, quality and quantity requirements. Initiated and implemented minimum three quotation process. Initiated and implemented price movements tracker, noting suppliers offering lowest prices and informs departments concerned of price increases, receives additional or changes in instruction or specifications. Identifying products for substitution to save cost but maintain quality, upon the approval of the Department Head of the user-department. Coordinating closely with the Cost Controller on stocks in the General store to ensure appropriate stock levels. Analyzing all purchase requisitions, groceries, beverages and marketing lists and reviews the forecast of anticipated volume, noting the quantity of merchandise on hand and investigating any orders that are considered excessive. Following up and maintaining up-to-date trace of all pending Purchase Orders (open purchase orders) and Purchase Requests and escalates to suppliers and management concerned when items delivered are unsatisfactory. Maintains files on catalogues and descriptive literature on all hotel equipment and supplies and quotations/competitive bids from all suppliers. Preparing and maintaining the monthly Fixed Assets Register and depreciation/ accumulation. Maintaining copies of invoices / PV to support the entries to Fixed Assets Register. Maintaining record of FA/OE disposed or lend out to put both parties. Preparing lapsing schedule to be attached to Fixed Assets Register. Maintaining record of all purchase of equipment (OE) register. Reconciliation of all FA in General Ledger with preparation of quarterly report of OE losses & breakage. Initiated monthly analysis Food & beverage cost for analyzing F&B cost report / outlet and makes recommendations on cost reduction where needed. Monitoring of checking of invoices against goods ordered and received and checks on unit cost done by Storekeeper Highlighting slow moving stock items to all the user department. 22ND AUG’14 – 09TH OCT’16 INCOME AUDITOR, SHANGRI-LA BARR AL JISSAH MUSCAT SULTANATE OF OMAN To ensure procedures are in100% compliance with internal control manual. Ensuring guest’s signature on finalized room folio and reviews time difference between initial posting of settlement and rebate. Ensuring no rebate is wrongly posted as correction and no reversal of revenue for cash settlement without written justification. Ensuring paid out in nature of credit card advance is paid outright and does not exceed limit. Reconciliation of invoice with system record to ensuring all transactions claimed by service provider are accounted for. Daily extracting & reviewing macro for Income Audit Automation exception report. Checking & verifying of all rebated transactions and its completeness. Preparing daily "Earning Journal Report" after verifying & applying the rebate transactions to sales register. Surprise spot checks and user access rights checks are carried out towards effective internal control systems. 21ST OCT’10 – 21ST AUG’14 CREDIT IN-CHARGE, VIVANTA BY TAJ PANAJI – GOA - INDIA Generating proforma invoice as per given instructions from reservation and from TA (Travel Agents) and as per company policies and procedures. Updating invoices in system after verifying check out folios from FO with proper contract rates and as per Confirmation Vouchers and TA contracts. Applying payments for invoices settled by debtors and following up for payments. For the Requirement of good control on Aging. Generating various reports for VAT and Revenue department on monthly basis. Billing Invoices and statement accordingly, Sending reminders thru email, telephone etc. to debtors. Checking and verifying the different credit cards charged on line as well as apply/verify the payment received in our bank account. Verifying and apply the existing credit card commission according to the transaction and existing commission fee as per contract with the various banks and passing the necessary rebate and summarize the same. Maintaining the account of various on-line bookings/direct bookings after verifying all relevant documents are in place, as well as reconcile and update the same every month. Monitoring the transfers of guest between hotels and update records accordingly. 07TH MAY’08 – 08TH OCT’10 INTERNAL AUDITOR, ‘TAJ EXOTICA GOA & R.P. AUDI & CO’- GOA - INDIA Checking and verifying the different credit cards charged on line as well as apply/verify the payment received in our bank account. Verifying and applying the existing credit card commission according to the transaction and existing commission fee as per contract with the various banks and passing the necessary rebate and summarize the same. Commission processing to various Travel Agents. Checking & Billing to various customers like TA, Companies, Individuals. Night Audit process, In Absence of Night Auditor. Tax reconciliation & staff billing. EDUCATION Bachelor Degree (Economics) Diploma in Financial Accounting Advance Excel course (MICE) SOFTWARE KNOWN Opera PMS Orion Check EAM APM Amadeus POS Shaw Man FINC Fixed Asset IDS Sun Accounting System Fusion (Payroll) Fusion (FA) Infrasys CSS & Book4Time ACTIVITIES Represented Goa University in Cricket at Gwalior, Madhya Pradesh. Won the Title of National Double Wicket Cricket.