Hospitality Financial Specialist

2 weeks ago


Palm Beach, Florida, United States Corrado Properties Full time
Job Description

Hospitality Financial Specialist Job Overview

About Us

At Corrado Properties, we pride ourselves on being a premier owner, operator, and developer of distinctive luxury hotels and resorts, as well as various real estate ventures. Our commitment to genuine hospitality and adventurous spirit drives us to craft unique experiences that not only delight our guests but also uplift our communities and team members. We believe in a flexible investment strategy that prioritizes social and environmental contributions, ensuring that we enjoy every endeavor we undertake. Our current portfolio includes exceptional properties such as Sorrel River Ranch in Moab, Utah, Hotel Biba in Palm Beach, Florida, and Spirit at Zion in Utah, which are currently in development. As we expand our portfolio, we are seeking talented individuals to join our team and help lay the groundwork for future growth.

Role Overview

The Hospitality Financial Specialist is responsible for overseeing the financial integrity of our operations by maintaining precise records of accounts payable and receivable, payroll, and daily financial transactions. This role entails executing daily accounting responsibilities, including monthly financial reporting, general ledger entries, and recording payments and adjustments.

Key Responsibilities:

  • Manage revenue streams, including accounts receivable, accounts payable, payroll, audits, and General Ledger reporting.
  • Handle cash transactions for the hotel and ensure accurate reconciliation of cash collected at the front desk.
  • Analyze monthly financial statements and communicate any discrepancies to relevant department heads.
  • Support the financial Controller with system administration, G/L account reconciliation, budget preparation, inventory management, monthly closings, and full Profit and Loss accountability.
  • Review and approve all reconciliation and audit documentation.
  • Conduct follow-up on billing and credit collection, notifying the Controller of any potential uncollectible accounts.
  • Reconcile credit card documentation and alert the Controller to any inconsistencies.
  • Manage billing for company credit cards and maintain accurate logs for all transactions.
  • Assist in bank statement reconciliations.
  • Prepare confirmations for wire transfers related to reimbursable invoices.
  • Ensure accurate billing of credit card service charges for all transactions.
  • Review ledger details, guest accounts, and deposit records to confirm proper payment and revenue posting.
  • Examine postings, payments, revenue, and guest balance reports daily.
  • Verify correct taxation is applied in all billing software, including Point of Sale (POS) and QuickBooks.
  • Assist in reconciling outstanding account items.
  • Input General Cashier Summary and maintain organized records.
  • File and distribute credit card cancellations and related documentation.
  • Process and follow up on all returned checks accepted as cash payments.
  • Record General Ledger and City Ledger reconciliations.
  • Analyze revenues, commissions, and expenses to ensure accurate monthly recording.
  • Maintain permanent vendor files and Certificates of Insurance.
  • Manage vendor contracts.
  • Process payroll or verify payroll amounts and reports.
  • Handle authorized purchase requests as necessary.
  • Conduct rotating monthly audits of inventories and enter final totals into spreadsheets.
  • Perform any other job-related duties as assigned by the Controller.

Minimum Qualifications and Required Education/Training:

  • Education: Associate's degree in Accounting, Bookkeeping, or a related field is required; or equivalent experience in hotel bookkeeping or hospitality.
  • Experience: 5-10 years of bookkeeping experience in hotels, restaurants, or hospitality is preferred, with a minimum of 5 years required.
  • Proficiency in QuickBooks Pro, Mews, Toast, POS, and other hotel ERP systems is essential.
  • Ability to manage complex projects and multiple responsibilities simultaneously.
  • Strong data entry skills and attention to detail.
  • Commitment to confidentiality and thoroughness.
  • Excellent organizational skills with a focus on detail.
  • Ability to compile and analyze financial data.
  • Proficient command of the English language, both written and verbal.
  • Highly skilled in MS Office, particularly Excel (including Pivot tables and report generation), Word, Outlook, Google Suite, and experience with PMS systems such as Opera, Room Master, Protel, Visual One, Delphi, Sun Finance, Oracle Finance, and SAP.
  • Experience working with multiple legal entities under various legal structures.

We appreciate all applicants; however, only those selected for an interview will be contacted. Corrado Properties is an Equal Opportunity Employer dedicated to fostering a diverse workplace culture.

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