Finance Associate

Greetings from The Den Hotels_

**Brand**: The Dan Hotels

**Designation**: AR & Income Auditor

**Industry**: Hospitality

**Schedule**: Full Time

**Reporting**:Financial Associate

Fresher

**Location**: Whitefield, Bengaluru
- **About Den**:_

Adorned with urban elegance, THE DEN, Bengaluru is the perfect meeting point for industry stalwarts. The premium property stands out for its suave pad of comfort in the central business district of Whitefield in Bengaluru. It’s the first Millennial Luxury Hotel in India with 226-rooms on 25 floors located on a 2.8-acre land parcel in the IT corridor of Whitefield.

The Den, Bengaluru is the first hotel expansion by renowned Israeli hospitality chain - Dan Hotels. Dan Hotels chain comprises of 19 deluxe hotels in Israel and one in Bengaluru India, totaling 3,950 rooms. Dan Israel Hotels offer outstanding hotels and facilities located in Israel's most desirable locations like Tel Aviv, Jerusalem, Eilat, Haifa, Herzliya and Caesarea Hotel.

**Position Summary / Purpose**: To carry out the accounting functions within the Accounts Payable, Receivable and Internal audit areas and assist the executives and managers in carrying out their respective functions

**Accounts Receivable:

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**Objectives of this Role**
- Support the company in optimizing our financial transactions and systems by performing reconciliation of payments and customer accounts
- Strengthen and grow relationships with clients by communicating with customers regarding past-due accounts
- Assist in streamlining and improving the accounts receivable process identifying areas of performance improvement
- Exercise integrity and confidentiality in financial reporting, and comply with federal, state, and local financial requirements.

**Daily and Monthly Responsibilities**
- Gather and verify invoices for appropriate documentation prior to payment
- Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
- Perform daily cash management duties, including the recording of bank deposits, updating and distribution of cash receipt logs, and posting of cash to the accounts receivable sub-ledger
- Prepare analytical and ratio analysis in relation to A/R for management to gain a better understanding of how collection efforts are progressing
- Support other accounting and finance team members, inventory management, and cost accounting.

**Income Auditor**:
To audit and verify all revenue transactions, record them and prepare daily and monthly sales and other reports for management according to hotel policies and procedures.

The normal scope of work performed is quite analytical and sometimes mechanical in nature.

Further, some hotels in the Maldives, the position of night auditor, day auditor, income auditor and sometimes even accounts receivable functions is combined depending on the resort size, number of rooms, average guest occupancy and resort star status.

**Daily and Monthly Responsibilities**:

- Audit all outlet reports and tally them with Opera for accuracy. Check that genuine discounts are given.
- Control and reconcile the daily sales in the outlets.
- Audit F&B and all other hotel revenue generated and ensure the accuracy.
- Audit the credit card transactions for accuracy. Ensure the POS details summary reports agree with Opera.
- Check the authenticity of all FO paid outs/rebates and outlet rebates and verify for accuracy.
- Controls together with Credit Supervisor on daily basis PM and permanent folios.
- Audit all administrative PM folios and lost interface posting charges. Analyze and transfer them to respective accounts/folios.
- Perform month end closing and ensure that the trial balance agree with general ledger.
- Prepares daily and monthly revenue reports for the management.
- Reconcile third party revenue with Opera & Micros and do their final settlements (including those for Dive Center & Gift Shop).
- Finalize the monthly staff PM deductions for each month (including those for third parties like dive instructors)
- Check the Daily Bicycle Rental revenue posted by FO into Opera and report any discrepancy.
- Check the Daily Excursion Revenue posted by FO into Opera and identify & report any discrepancies to immediate superiors for corrective action.
- Train Front Office Reception staff in relation to accounting or system related issues, No Show Procedure, etc.
- Prepare the Month End Tips Reports for all outlets.
- Check the Bed Tax Report and any non-updating communicate with Front Office for updating and send the final report to Asst. Dir. of Finance / Dir. of Finance.
- Prepare any report or work requested by Dir. of Finance.
- Check the accuracy of all revenue figures; identify and obtain explanations from respective personnel for reason for variances.
- Check the Spa Soft report and Opera revenue figures match up on a daily basis.

**Skills and Qualifi