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