Hotel Accountant at Bolton White Hotels & Apartments

Job Summary

• The Hotel Accountant is responsible for managing the hotel’s financial transactions, maintaining accurate financial records, preparing reports, and ensuring compliance with accounting standards and company policies.
• This role ensures proper control of hotel revenues, expenses, assets, and liabilities to support management in decision-making and maintain profitability.

Key Responsibilities
Financial Accounting & Reporting:

• Record, classify, and summarize daily financial transactions of the hotel.
• Prepare monthly, quarterly, and annual financial statements.
• Monitor accounts payable, accounts receivable, and general ledger reconciliations.
• Ensure compliance with local tax regulations and timely filing of tax returns.
• Prepare payroll and ensure statutory deductions are remitted on time.

Revenue & Expense Management:

• Audit daily revenue reports and reconcile with front office and POS systems.
• Verify and analyze income from rooms, food & beverage, banquets, and other hotel departments.
• Track operating expenses and ensure cost control measures are followed.
• Conduct variance analysis and report discrepancies to management.

Internal Controls & Compliance:

• Implement and monitor internal financial controls.
• Ensure compliance with hotel accounting policies, corporate standards, and regulatory requirements.
• Support external and internal audits by providing required documentation.

Budgeting & Forecasting:

• Assist management in the preparation of annual budgets and forecasts.
• Monitor budget performance and highlight variances.
• Provide financial insights to support business strategy and profitability.

Cash & Asset Management:

• Manage cash flow and ensure sufficient funds for hotel operations.
• Monitor bank reconciliations and petty cash management.
• Safeguard hotel’s financial assets and maintain proper documentation.

Qualifications & Requirements

• Bachelor’s Degree in Accounting, Finance, or a related field.
• 3 - 5 years accounting experience, preferably in the hospitality industry.
• Professional certification (ICAN, or equivalent) preferred.
• Strong knowledge of accounting principles, financial reporting, and taxation.
• Proficiency in hotel accounting systems (e.g., Opera, MICROS, SunSystems, QuickBooks, or similar).
• Advanced skills in Microsoft Excel and other financial tools.
• High attention to detail, accuracy, and integrity.
• Strong organizational and analytical skills.
• Ability to work under pressure and meet deadlines.

Key Competencies:

• Financial analysis and problem-solving skills.
• Knowledge of hotel operations and revenue streams.
• Strong communication and interpersonal skills.
• Teamwork and collaboration with other departments.
• Ethical, trustworthy, and committed to confidentiality.