Job Description - Chief Financial Officer (CFO)

Organization

VITS Kamats Hospitality Group

Location

Mumbai (Corporate Office)

Role Overview

VITS Kamats Hospitality Group is looking for an experienced, strategic, and result-oriented Chief Financial Officer (CFO) to lead the overall financial management, compliance, budgeting, and business planning functions of the organization.

The ideal candidate should have strong leadership capabilities, hospitality industry exposure, and expertise in financial planning, controls, profitability management, audits, taxation, and business strategy. The role requires close coordination with management for driving financial discipline, operational efficiency, and long-term organizational growth.

Key Responsibilities

Financial Strategy & Leadership

Lead the overall financial strategy and planning for the organization
Support management in strategic business decisions and expansion planning
Drive profitability, financial efficiency, and long-term financial sustainability
Develop financial models, forecasts, and growth strategies

Financial Planning & Budgeting

Prepare and monitor annual budgets, forecasts, and financial plans
Conduct budget vs actual analysis and recommend corrective actions
Monitor cash flow, working capital, and fund management
Ensure financial discipline across all units and departments

Accounting & Financial Control

Oversee accounting operations, MIS, financial reporting, and reconciliations
Ensure accuracy of financial statements and reporting systems
Monitor internal controls and financial governance practices
Strengthen financial processes, SOPs, and compliance systems

Taxation, Audit & Compliance

Ensure compliance with GST, TDS, Income Tax, PT, PF, ESIC, and statutory regulations
Coordinate with auditors, consultants, banks, and government authorities
Lead internal and external audits across the organization
Ensure timely filing of statutory returns and compliance documentation

Hospitality Financial Operations

Monitor hotel-wise profitability, operational costs, and revenue performance
Analyze food cost, beverage cost, payroll cost, and operational expenses
Support commercial negotiations, contracts, and business agreements
Provide financial insights for hotel operations and expansion projects

Team Management & Leadership

Lead and mentor finance and accounts teams across units
Build strong financial accountability and reporting culture
Coordinate with operations, HR, legal, and management teams for business alignment
Drive performance management and team development initiatives

Key Skills

Strong financial strategy and leadership capability
Expertise in budgeting, forecasting, and financial planning
Strong knowledge of hospitality finance operations
Financial reporting, MIS, and business analytics expertise
Strong taxation, audit, and compliance knowledge
Cash flow and working capital management
Strong commercial and negotiation understanding
Leadership, team management, and decision-making skills
High level of integrity, confidentiality, and professionalism

Requirements

Preferably CA (Chartered Accountant)
MBA Finance or equivalent qualification will be an added advantage
Minimum 12-18 years of experience in Finance & Accounts leadership roles
Hospitality / Hotel industry experience preferred
Experience handling multi-unit or chain operations preferred
Strong exposure to audits, compliance, taxation, and financial controls
Excellent communication and leadership skills
Willingness to travel if required

Preferred Candidate Profile

Strategic and business-oriented mindset
Strong analytical and problem-solving skills
Ability to work under pressure and manage multiple priorities
Strong process-driven and execution-focused approach
Mature leadership personality with strong stakeholder management capability

VITS Hotels

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CFO—Chief Financial Officer