Officer - Hospitality Accounting
Salary undisclosed
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I. MAJOR RESPONSIBILITIES AND DUTIES:
- Prepares accurate and timely Daily Revenue Report (DRR) and all related disclosures and reports in accordance to established guidelines and revenue recognition principles for the use of relevant business units and management
- Organizes the daily and monthly standard and special journal entries and schedules in a timely and efficient manner or within the specified deadlines to correctly recognize and classify revenues earned
- Performs reconciliation and adjusting entries regularly to ensure that balances are accurate
- Prepares and issues the daily audit findings or deviations reports during the course of review of transactions and balances. Coordinates with the Non-Gaming Audit team relevant deviations and concerns for discussion and cascading to concerned outlets
- Conducts follow-through on all open and unresolved audit findings and provide recommendations for additional course of action
- Prepares and maintains accurate and up-to-date audited complimentary reports and schedules, cash and tax type schedules, including vouchers and gift certificate utilization summary, required for the recording and account reclassifications and analysis, without need of follow-up that these reports and schedules are updates and presented accurately
- Supports the completion of all balance sheet accounts reconciliation on a monthly basis and prepares the necessary adjustments, if necessary, to reflect the correct balances, and initiates the correction of unusual transactions after careful examination and validation
- Coordinates with the Manager or Assistant Managers on various tax and accounting issues identified and noted in the daily reclassification and review of revenue transactions
- Prepares monthly schedules and analysis reports on revenue results, complimentary utilization and tax classifications, e-Sales reconciliation and filing of returns as well as Value Added Tax (VAT) schedules to ensure that these are aligned with the reported revenue per book and do comply with BIR’s regulations
- Investigates individual transactions in the PMS, POS or the relevant financial systems to ensure all booked revenue transactions are captured entirely and mapped to correct accounts during interface
- Coordinates with the Non-Gaming Auditors on the necessary supporting documents to guarantee accuracy and completeness of the booked transactions
- Assists in the implementation of the proper control procedures circulated through various company policies, departmental memoranda or guidelines that will have a direct impact on reported revenue
- Assists in the preparation, retrieval and collation of all required documents or schedules needed in an internal, tax or external audit engagement of the Company at the soonest possible time
- Maintains an organized and complete file of all journal vouchers (with attached supporting documentations) on a weekly or monthly basis. Ensure proper labeling of boxes for ease of retrieval and compliance to various laws (e.g Data Privacy, BIR) and requirements from internal and external audit engagement
- Performs other duties and responsibilities that may be assigned by the Management
II. JOB SPECIFICATIONS
Educational Requirements:
- Bachelor’s Degree in Finance, Accountancy or other business-related programs
- Certified Public Accountant license is preferred
Experience Requirements:
- At least one year experience in a hotel integrated resort environment
- Substantial exposure to preparation of journal entries, accounts reconciliation, and taxation
Skills and Attributes
Technical Skills:
- Knowledge on property Management System, preferably Oracle’s OPERA or any POS system
- Knowledge in casino loyalty points program system is an advantage
- Knowledge in complimentary accounting and reporting is an advantage
- Proficient in Microsoft Office Suite
- Proficient in generating simple and advanced reports, analyses and schedules
- Reporting skills for audit, revenue and control issues reports
Other Qualifications:
- Excellent oral and written communication skills
- Strong analytical and problem solving skills
- Strong Decision making skills
- Highly motivated and can work less supervision
- Resourceful with high degree of initiative
- Strong regard to work ethical standards and integrity
- Amenable to work on weekends, holidays and extended hours as may be required
I. MAJOR RESPONSIBILITIES AND DUTIES:
- Prepares accurate and timely Daily Revenue Report (DRR) and all related disclosures and reports in accordance to established guidelines and revenue recognition principles for the use of relevant business units and management
- Organizes the daily and monthly standard and special journal entries and schedules in a timely and efficient manner or within the specified deadlines to correctly recognize and classify revenues earned
- Performs reconciliation and adjusting entries regularly to ensure that balances are accurate
- Prepares and issues the daily audit findings or deviations reports during the course of review of transactions and balances. Coordinates with the Non-Gaming Audit team relevant deviations and concerns for discussion and cascading to concerned outlets
- Conducts follow-through on all open and unresolved audit findings and provide recommendations for additional course of action
- Prepares and maintains accurate and up-to-date audited complimentary reports and schedules, cash and tax type schedules, including vouchers and gift certificate utilization summary, required for the recording and account reclassifications and analysis, without need of follow-up that these reports and schedules are updates and presented accurately
- Supports the completion of all balance sheet accounts reconciliation on a monthly basis and prepares the necessary adjustments, if necessary, to reflect the correct balances, and initiates the correction of unusual transactions after careful examination and validation
- Coordinates with the Manager or Assistant Managers on various tax and accounting issues identified and noted in the daily reclassification and review of revenue transactions
- Prepares monthly schedules and analysis reports on revenue results, complimentary utilization and tax classifications, e-Sales reconciliation and filing of returns as well as Value Added Tax (VAT) schedules to ensure that these are aligned with the reported revenue per book and do comply with BIR’s regulations
- Investigates individual transactions in the PMS, POS or the relevant financial systems to ensure all booked revenue transactions are captured entirely and mapped to correct accounts during interface
- Coordinates with the Non-Gaming Auditors on the necessary supporting documents to guarantee accuracy and completeness of the booked transactions
- Assists in the implementation of the proper control procedures circulated through various company policies, departmental memoranda or guidelines that will have a direct impact on reported revenue
- Assists in the preparation, retrieval and collation of all required documents or schedules needed in an internal, tax or external audit engagement of the Company at the soonest possible time
- Maintains an organized and complete file of all journal vouchers (with attached supporting documentations) on a weekly or monthly basis. Ensure proper labeling of boxes for ease of retrieval and compliance to various laws (e.g Data Privacy, BIR) and requirements from internal and external audit engagement
- Performs other duties and responsibilities that may be assigned by the Management
II. JOB SPECIFICATIONS
Educational Requirements:
- Bachelor’s Degree in Finance, Accountancy or other business-related programs
- Certified Public Accountant license is preferred
Experience Requirements:
- At least one year experience in a hotel integrated resort environment
- Substantial exposure to preparation of journal entries, accounts reconciliation, and taxation
Skills and Attributes
Technical Skills:
- Knowledge on property Management System, preferably Oracle’s OPERA or any POS system
- Knowledge in casino loyalty points program system is an advantage
- Knowledge in complimentary accounting and reporting is an advantage
- Proficient in Microsoft Office Suite
- Proficient in generating simple and advanced reports, analyses and schedules
- Reporting skills for audit, revenue and control issues reports
Other Qualifications:
- Excellent oral and written communication skills
- Strong analytical and problem solving skills
- Strong Decision making skills
- Highly motivated and can work less supervision
- Resourceful with high degree of initiative
- Strong regard to work ethical standards and integrity
- Amenable to work on weekends, holidays and extended hours as may be required