Accounts Executive, Accounts Receivable

3 weeks ago


Singapore GAIA LIFESTYLE HOLDINGS PTE. LTD. Full time
Roles & Responsibilities

Established in 2019, Gaia Lifestyle Holdings Pte. Ltd. is a Food and Beverage (F&B) and Shared Services Company managing F&B Operations as well as providing support services to a rapidly growing Group of Companies in multiple industries comprising concert/live shows management and promotions, F&B, hospitality, and real estate management. Gaia Lifestyle Holdings Pte. Ltd. regularly measures and improves process quality, examines, and applies best industry practices, identifies new and advanced technological implementations as well as trains and develops our employees to keep them relevant.

Reporting directly to the Accountant, Hotel, you will be responsible for the Accounts Receivable and Income Audit function of the company. Responsible for verifying and reconciling all hotel revenue streams, ensuring accuracy in financial reporting, and maintaining comprehensive records. This role involves auditing daily transactions, preparing financial reports, and ensuring compliance with internal controls and regulatory requirements.

Income Audit

  • Review, reconcile and ensure accuracy on all revenues reported in the Opera Cloud and accounting system
  • Review on a daily basis the Night Manager Report
  • To review all revenue adjustments, rebates and allowances for reasonableness, properly approved with supporting, and to report any deviations from hotel policies and proceduresReview discounts and negative postings is adhered to our policies and procedures with proper justification
  • Complimentary and House use room to come with appropriate supporting document
  • Ensure that all service charges and Tax are in line with revenues
  • Review No Show Report and ensure all No-Show postings is adhered to our policies and procedures with proper justification
  • Review Room Rate Variance Report is adhered to our policies and procedures
  • Ensure that the Guest Ledger, Advanced Deposit Ledger and City Ledger balance to the General Ledger on a daily basis
  • Ensure that Audit Trail is evidenced throughout all task
  • Assist with Internal and External Audit
  • Assist with month-end closing as required by Accountant
  • Any other ad-hoc duties as and when assigned by the management

Accounts Receivable

  • To liaise with internal and external auditors pertaining to procedures, policies, and records of Credit Control and Accounts Receivable
  • Ensure that all payment are posted and reconciled in a timely and accurate manner
  • Update the batch total credit card summary report
  • Review all charge-backs from credit card companies, justify the refund, and obtain the required approvals before processing the credit card and alert Senior Accountant/ Accountant
  • To monitor contra of City/AR ledger with OTA commission properly
  • To reconcile OTA commissions based on OTA contract
  • Ensure OTA commissions and credit card outstanding forwards to AP for accruals
  • To review Guest Balance Report / PM Report and payment platform for credit card transactions
  • Billings to debtors are processed accurately and timely, based on original approved supporting documents
  • To review and check all PM folio report in the Opera
  • Prepare monthly AR aging and reconciliation reports

Requirements

  • Possess a relevant Certificate in Accountancy
  • Must be familar with hotel industry practices and processes (hotel accounting)
  • Must have working experience with Opera Cloud
  • Good understanding of accounting principles and practices
  • Good problem-solving and analytical skills
  • Proficient in MS Excel
  • Familiar with accounting software like Oracle NetSuite is a plus
Tell employers what skills you have

External Audit
Oracle
Analytical Skills
Tax
Auditing
Accounting System
Internal Controls
Accruals
Accounts Receivable
General Ledger
Accounting
Opera
Audit
Hospitality
Financial Reporting
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