Explore Accounting Careers in Hospitality
Accounts Payable & Receivable Specialist Job Overview
Accounts Payable & Receivable Specialists manage the financial transactions for hotels, ensuring accurate payments to vendors and timely collections from clients. This role involves reconciling vendor statements, resolving billing issues, and maintaining up-to-date accounts.
Responsibilities
Specialists ensure invoices are processed and paid accurately, manage accounts receivable billing and collections, and reconcile credit card transactions. They maintain productive relationships with vendors and property leadership, addressing any issues proactively to minimize losses.
Skills Needed
- Technical Skills: Basic accounting knowledge, familiarity with A/R and A/P processes, and proficiency in PMS, POS, and credit card systems.
- Soft Skills: Highly organized, detail-oriented, and committed to meeting deadlines.
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Accounting Supervisor Job Overview
Accounting Supervisors oversee hotel accounting functions, including accounts payable, accounts receivable, and cash handling. They ensure compliance with financial processes and provide guidance to team members.
Responsibilities
Supervisors ensure the accuracy of financial transactions, oversee audit processes, and maintain compliance with internal controls. They collaborate with corporate accounting teams and hotel departments to ensure financial health and timely reporting.
Skills Needed
- Technical Skills: Proficiency in hotel accounting processes (A/R, A/P, cash handling), front office systems (PMS, POS), and financial reporting.
- Soft Skills: Strong problem-solving skills, effective communication, and self-accountability.
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Accounting Manager Job Overview
Responsibilities
Accounting Managers oversee A/R, A/P, and cash processes while maintaining a strong operational control environment. They train team members, collaborate with department heads, and ensure accurate financial reporting.
Skills Needed
- Technical Skills: Knowledge of accounting rules, GAAP compliance, budgeting, and advanced Excel skills.
- Soft Skills: Strong analytical abilities, leadership skills, and organizational expertise.
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Credit Manager Job Overview
Responsibilities
Credit Managers process direct bill payments, reconcile accounts, and communicate collection statuses with property leaders. They maintain strong relationships with clients and ensure compliance with financial guidelines.
Skills Needed
- Technical Skills: Expertise in A/R policies, PMS knowledge, and financial reconciliation.
- Soft Skills: Strong follow-up skills, investigative abilities, and the ability to balance firmness with customer service.
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Assistant Director of Finance Job Overview
Responsibilities
Assistant Directors of Finance oversee payroll, budgeting, and expense control processes. They ensure compliance with USALI and GAAP standards, safeguard assets, and provide sound financial analysis to leadership.
Skills Needed
- Technical Skills: Advanced accounting procedures, budgeting, and proficiency in financial systems.
- Soft Skills: Problem-solving, leadership, and attention to detail.
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Director of Finance Job Overview
Responsibilities
Directors of Finance manage financial reporting, audits, budgeting, and forecasting. They collaborate with department heads, provide actionable insights, and ensure compliance with GAAP and internal controls.
Skills Needed
- Technical Skills: Expertise in financial reporting, budgeting, and compliance with accounting standards.
- Soft Skills: Strategic thinking, leadership, and the ability to inspire and mentor teams.