What are the responsibilities and job description for the Accounting Assistant position at Cornerstone Hospitality?
Accounting Assistant - Hospitality Industry
Job Summary
A Hospitality Accounting Assistant plays a vital role in supporting the financial operations of hotels, resorts, restaurants, or hospitality management companies. This position involves processing financial transactions, managing accounts, and ensuring accurate record-keeping to support smooth business operations in a fast-paced hospitality environment.
Key Responsibilities
- Assist with accounts payable and receivable, ensuring timely processing of invoices, guest payments, and vendor transactions.
- Reconcile daily revenue reports from hotel or restaurant POS systems with financial records.
- Support payroll processing for hospitality staff, including tracking hours, tips, and bonuses.
- Handle guest billing inquiries, refunds, and adjustments as needed.
- Assist in preparing financial statements, budgets, and forecasts for hotel or restaurant operations.
- Maintain and organize financial records, contracts, and vendor agreements.
- Process bank reconciliations and monitor cash flow to ensure financial stability.
- Ensure compliance with hospitality industry regulations, tax requirements, and company policies.
- Collaborate with department heads (e.g., front office, food & beverage, housekeeping) to track expenses and budget allocations.
- Assist in inventory and cost control for food, beverages, and supplies.
Qualifications & Skills
- Degree or diploma in Accounting, Finance, or Hospitality Management (preferred).
- Experience in hospitality finance or bookkeeping is a plus.
- Proficiency in accounting software (e.g., QuickBooks, Opera, Sage, or industry-specific PMS).
- Strong understanding of hospitality revenue cycles, including room rates, food & beverage sales, and event billing.
- High level of accuracy and attention to detail.
- Strong organizational and time management skills to handle multiple financial tasks.
- Ability to work in a fast-paced environment and meet deadlines.
- Excellent communication skills to interact with vendors, guests, and internal departments.
Salary : $22