Income & AR

Overview

Your role

• encompasses the following key responsibilities:
• Audit and control daily credit card transactions to ensure accuracy and compliance with established protocols.
• Conduct comprehensive testing of all bar and restaurant cashier reconciliations for accuracy, completeness, and adherence to financial standards.
• Generate and analyze guest ledger high balance reports to identify discrepancies and aging receivables.
• Oversee general cashier operations and daily cash drop procedures, ensuring proper documentation and control measures.
• Prepare daily income packets with supporting documentation and audit trails for management review.
• Audit and reconcile all Food & Beverage interface transactions between the Opera system and back-office accounting systems.
• Verify hotel commission calculations are executed in accordance with established hotel policies and contractual agreements.
• Coordinate and manage invoicing schedules to ensure timely and accurate billing cycles.
• Provide direct oversight and audit of banquet, group, and convention billing to ensure accuracy and proper revenue recognition.
• Investigate and resolve all unidentified cash and charge discrepancies through thorough audit procedures and documentation.
• Reconcile unapplied advance deposits with reservations to ensure accurate accounts receivable aging.
• Monitor and verify credit card billing schedules to ensure compliance with payment terms and contractual obligations.
• Monitor daily posting of charges and cash receipts to maintain accurate financial records and identify variances.
• Prepare trial balance reports on a timely basis and reconcile with the general ledger to ensure financial accuracy.
• Prepare and distribute monthly tenant invoices with supporting documentation and audit verification.
• Maintain organized filing systems for folios, ledgers, and critical financial documents in compliance with audit standards.
• Prepare month-end financial summaries for general ledger posting, including travel agent commissions, credit card commissions, and ancillary charges.
• Participate actively in monthly credit committee meetings, providing audit insights and recommendations for accounts receivable management.
• Ensure compliance with all hotel policies, procedures, and regulatory requirements affecting accounts receivable operations