Job Description

At Hyatt Regency London Albert Embankment, we seek dynamic, confident, and ambitious individuals--those who strive for excellence and contribute to the success of our guests and the team alike.

Role Overview:

As a Finance Assistant, you will play a key role in ensuring that hotel revenues are accurately recorded, losses are minimised, and all revenue audit procedures are strictly followed. You will also take the initiative to update and improve these procedures as necessary, ensuring they remain effective and aligned with best practices.

Key Responsibilities:

Ensure accurate accounting of all hotel revenue streams.

Identify, investigate, and mitigate any discrepancies or revenue losses.

Adhere to and enforce established revenue audit procedures.

Regularly review and update audit procedures to reflect operational changes and compliance requirements.

Collaborate with relevant departments to ensure transparency and consistency in financial reporting.

INCOME AUDIT duties and Responsibilities:

Daily Revenue Audit Tasks

Review the Deposit Activity Report and Corrections & Cancellations Report daily.

Reconcile the Micros (F&B Revenue) Report to the Property Management System (PMS) report.

Ensure that room rate check reports are reviewed and signed off daily by the Night Manager and Reservations Manager.

Verify that complimentary, house-use, and zero-rated rooms are supported by General Manager approval.

Prepare the Daily Revenue Report, ensure it balances with the Opera Trial Balance, and input into the Accounting System; ensure the Month-to-Date (MTD) Revenue Report also balances with accounting records.

Food & Beverage Revenue Controls

On a quarterly basis, or whenever a menu is updated, confirm that POS prices match the printed/menu prices.

Perform and document Open Check Tests daily for all F&B outlets; ensure these are investigated and signed off.

Ensure Banquet and Conference invoices are reconciled with BEOs; discrepancies should be reported to the Events/Sales Manager.

Periodic Revenue Tests

Reconcile revenues from Mini bar and Laundry with the PMS; print and file both reports to evidence reconciliation.

Rebates, Refunds, and Discounts

Investigate all rebates, ensuring they are supported by documentation and signed off by the Front Office Manager or delegate.

Review all credit card and cash refunds, supported by appropriate documentation and approved by the Front Office Manager or designate.

Compile the Discount (Entertainment) Report with full supporting documentation.

Verify all paid outs are appropriately supported.

Ensure the Void Report is completed and supported with all necessary documentation.

ACCOUNTS RECEIVABLE Duties and Responsibilities:

Prepare and issue invoices accurately and on time.

Monitor outstanding balances and follow up on overdue payments.

Reconcile customer accounts and resolve discrepancies.

Maintain accurate records and support month-end closing processes.

Reconcile Credit Cards receipts and post them to Accounting software

Reconcile World of Hyatt revenue and maintain Hyatt AR

Print monthly recharge invoices from Hyatt

General

Comply with the company codes of conduct at all times

Perform other tasks at the level of the role as directed by your line manager in pursuit of the achievement of business goals

Ability to work as part of a diverse team with colleagues from different viewpoints, cultures and countries

Understand your role and responsibilities in terms of the hotel Health & Safety Policy including completion of all mandatory training

Familiarize yourself with emergency and evacuation procedures Understand your responsibilities with regards to security Proactively pursue all practices in line with Company environmental and energy saving initiatives.

Success Criteria

Arrive for work at the correct time, in the appropriate uniform, making sure that it is in immaculate condition

Display a positive attitude at all times

Contribute to the department ability to achieve or exceed the budgeted revenue and control expenditure

Meet targets on brand specific guest feedback surveys

Minimal guest complaints to be received

Positively impact the volume of repeat business

Job Types: Full-time, Permanent

Pay: 27,000.00 per year

Additional pay:

Yearly bonus
Benefits:

Canteen Company pension
Schedule:

Day shift Monday to Friday No weekends
Work Location: In person

Reference ID: Finance Assistant