Accounting

Hospitality Accountant

Looking to hire your next Hospitality Accountant? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a forward-thinking staffing agency at the forefront of global talent solutions. We specialize in connecting US-based SMBs, startups, and firms with highly skilled professionals from Latin America. Our innovative approach breaks down geographical barriers, allowing businesses to tap into a rich pool of diverse talent while offering Latin American professionals access to exciting international career opportunities. Vintti builds bridges across continents, fostering cultural exchange and driving business growth through strategic staffing solutions.

Description

A Hospitality Accountant plays a critical role in the financial management of hotels, resorts, and other hospitality establishments. Responsible for maintaining accurate financial records, they oversee budgeting, forecasting, and financial reporting to ensure profitability and compliance with regulatory standards. Key responsibilities include managing accounts payable and receivable, payroll processing, tax preparation, and financial audits. In addition, they analyze financial data to identify cost-saving opportunities and support decision-making processes. Their expertise helps streamline operations and enhance the overall financial health of hospitality businesses.

Requirements

- Bachelor's degree in Accounting, Finance, or a related field.
- Certified Public Accountant (CPA) or equivalent certification preferred.
- Minimum of 3-5 years of accounting experience, preferably in the hospitality industry.
- Strong understanding of accounting principles and financial reporting.
- Proficiency in accounting software and Microsoft Excel.
- Experience with financial audits and compliance with regulatory standards.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and accuracy.
- Ability to manage multiple tasks and meet strict deadlines.
- Strong communication and interpersonal skills.
- Knowledge of payroll processing and taxation rules.
- Experience with inventory management and cost control procedures.
- Familiarity with hotel performance metrics such as ADR and RevPAR.
- Ability to work collaboratively with different departments.
- Strong organizational and time management skills.
- High level of integrity and ethical standards.
- Willingness to stay updated on industry trends and best practices.
- Ability to analyze financial data and create detailed reports.
- Experience with financial planning and budgeting.
- Strong understanding of internal controls and auditing processes.

Responsabilities

- Review and reconcile daily revenue reports.
- Prepare and analyze financial statements.
- Record financial transactions in the general ledger.
- Conduct monthly, quarterly, and annual closings.
- Monitor accounts receivable and payable.
- Manage payroll processing.
- Prepare and submit tax returns.
- Perform internal audits and control measures.
- Collaborate to review budgets and financial performance.
- Assist in budget and forecast preparation.
- Analyze financial performance fluctuations.
- Support external audits and resolve issues.
- Implement and maintain financial software.
- Track and report on occupancy rates, ADR, and RevPAR.
- Conduct inventory audits and manage cost control.
- Identify financial trends, risks, and opportunities.
- Generate and present financial reports.
- Ensure compliance with financial regulations.
- Assist in financial planning and strategy development.
- Stay updated on industry trends and best practices.

Ideal Candidate

The ideal candidate for the role of Hospitality Accountant is a highly detail-oriented individual with a robust background in accounting, holding a Bachelor's degree in Accounting, Finance, or a related field, and preferably a Certified Public Accountant (CPA) certification. With 3-5 years of accounting experience within the hospitality industry, this candidate demonstrates a deep understanding of accounting principles, financial reporting, and compliance with regulatory standards. They excel in using accounting software and Microsoft Excel, possessing strong analytical and problem-solving skills that enable accurate financial data analysis and reporting. The candidate’s expertise in managing payroll processing, taxation rules, and inventory cost control, along with familiarity with key hotel performance metrics like ADR and RevPAR, sets them apart. They are adept at conducting internal audits, ensuring the integrity and accuracy of financial records, and supporting external audits with meticulous documentation. Strong communication and interpersonal skills allow them to collaborate effectively with various departments, while their organizational and time management abilities ensure they consistently meet strict deadlines. Personal attributes of high integrity, ethical standards, resilience under pressure, and a proactive, customer-focused mindset further enhance their suitability. They are innovative, open to new ideas, and eager to stay updated on industry trends and best practices, making them a dynamic and adaptable leader capable of driving financial performance within the organization.

On a typical day, you will...

- Review and reconcile daily revenue reports from various departments within the hotel or hospitality establishment.
- Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements.
- Ensure accurate and timely recording of all financial transactions in the general ledger.
- Conduct monthly, quarterly, and annual closing processes adhering to strict reporting deadlines.
- Monitor accounts receivable and payable, ensuring timely payments and collections.
- Manage payroll processing and ensure compliance with relevant taxation rules and labor laws.
- Prepare and submit sales and occupancy tax returns.
- Perform internal audits and controls to ensure financial integrity and compliance with regulatory standards.
- Collaborate with department managers to review budgets and financial performance.
- Assist in the preparation of annual budgets and forecasts for the organization.
- Analyze fluctuations in financial performance and provide detailed variance analyses.
- Support external audits by preparing required documentation and resolving any audit issues.
- Assist in the implementation and maintenance of financial software and systems.
- Track and report on hotel occupancy rates, average daily rates (ADR), and Revenue Per Available Room (RevPAR).
- Conduct inventory audits and manage cost control procedures for F&B and other departments.
- Analyze financial data to identify trends, risks, and opportunities for cost savings.
- Generate and present financial reports to senior management and stakeholders.
- Ensure compliance with all financial and accounting regulations, policies, and procedures.
- Assist in financial planning and strategy development initiatives.
- Stay current with industry trends, regulations, and best practices in hospitality accounting.

What we are looking for

- Detail-oriented and precise
- Strong analytical skills
- Excellent problem-solving ability
- High level of integrity and ethical standards
- Strong interpersonal and communication skills
- Ability to work collaboratively with different departments
- Proactive and self-motivated
- Strong organizational and time management skills
- Ability to manage multiple tasks and meet strict deadlines
- Eagerness to stay updated on industry trends and best practices
- Adaptability and flexibility in a dynamic work environment
- Strong leadership capabilities
- Ability to maintain confidentiality and handle sensitive information
- Resilient under pressure
- Customer-focused mindset
- Strong financial acumen
- Innovative and open to new ideas

What you can expect (benefits)

- Competitive salary, commensurate with experience
- Health, dental, and vision insurance
- 401(k) retirement plan with company matching
- Paid time off (vacation, sick leave, and holidays)
- Life and disability insurance
- Flexible work schedule options
- Opportunities for professional development and continuing education
- Employee discounts on hotel stays and services
- Wellness programs and gym membership reimbursements
- Career advancement opportunities within the organization
- Performance-based bonuses and incentives
- Tuition reimbursement programs
- Employee assistance programs (EAP)
- Commuter benefits and transportation allowances
- Access to industry-leading financial and accounting tools and technology
- Comprehensive onboarding and training programs
- Collaborative and inclusive work environment
- Regular team-building activities and company events
- Supportive management and leadership team
- Opportunities to participate in industry conferences and networking events

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