Finance Executive - Income Audit, Accounts Receivable & Cost Control

Position Summary

Income Audit

• Review daily revenue reports from Opera and POS systems.
• Verify room revenue, F&B revenue, discounts, allowances, voids, paid-outs, rebates and complimentary postings.
• Ensure proper reconciliation between Opera, Micros/Symphony, IDS/SUN and bank/settlement reports.
• Review cashier summaries, city ledger transfers, credit card settlements and revenue postings.
• Identify revenue leakage, posting errors and unusual transactions.
• Coordinate with Front Office, F&B, Night Audit, and IT teams on system-related revenue issues.
• Support month-end closing activities related to revenue schedules and income audit reporting.

Accounts Receivable

• Maintain and monitor city ledger accounts, guest ledger transfers and corporate/customer balances.
• Follow up on outstanding receivables and support collection activities.
• Reconcile customer accounts, credit card settlements, bank receipts and AR ageing reports.
• Ensure accurate billing for corporate clients, travel agents, OTAs and other contracted accounts.
• Prepare AR ageing reports and escalate overdue balances.
• Coordinate with Sales, Reservations, Front Office and Finance teams to resolve billing discrepancies.
• Support month-end AR reconciliation and provision schedules.

Cost Control

• Review F&B cost reports, receiving records, inventory movements and consumption reports.
• Monitor food, beverage, operating supplies and general store consumption.
• Participate in monthly inventory counts and reconciliations.
• Review purchasing, receiving, transfer, spoilage, wastage and outlet consumption reports.
• Coordinate with Purchasing, Stores, F&B, Kitchen and Finance departments regarding cost variances.
• Prepare cost analysis reports and support management initiatives to control wastage and stock variances.
• Assist with finance control procedures during the IDS to SUN migration.

System & Transition Support

• Support the Finance team during the migration from IDS to SUN.
• Coordinate with IT and operational departments to ensure smooth system integration and reporting continuity.
• Understand and monitor data flow between PMS, POS and accounting systems.
• Identify reconciliation gaps and system-related issues.
• Maintain accuracy of reporting and financial controls during the transition period.

Candidate Requirements

• Bachelor's Degree in Finance, Accounting, Commerce or related field.
• Minimum 3-4 years of hospitality finance experience.
• Experience in multiple finance functions, including Income Audit, Accounts Receivable and Cost Control.
• Strong understanding of hotel operations and financial controls.
• Hands-on experience with hotel systems such as: *Opera PMS, IDS, SUN Systems, Micros POS and Symphony POS*
• Knowledge of Opera, IDS and Symphony will be a strong advantage.
• Ability to work independently and manage multiple responsibilities simultaneously.
• Strong analytical, reconciliation and problem-solving skills.
• Excellent communication and coordination skills with operational and IT teams.
• Experience supporting system implementation or migration projects will be highly preferred.

What We Are Looking For