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- Tasks: Manage financial records for 5 hotels, track revenue, and prepare reports.
- Company: Insight Global is a dynamic company focused on hospitality and financial excellence.
- Benefits: Enjoy opportunities for professional growth and collaboration with cross-functional teams.
- Why this job: Join a vibrant team, make an impact on revenue, and enhance your analytical skills.
- Qualifications: Must have advanced Excel skills, accounting qualifications, and experience in hotel revenue management.
- Other info: Opportunity to work with analytics software and participate in educational opportunities.
The predicted salary is between 36000 - 60000 £ per year.
Insight Global are looking to hire a Revenue Management Specialist to manage the financial records of a group of 5 hotels with regards to revenue and income. This includes tracking and analysing financial data, preparing financial reports, and ensuring that the hotels are in compliance with applicable laws and regulations, ensuring accuracy of the financial information and providing advice and guidance on how to maximize its revenue.
Responsibilities:
- Record and report revenue transactions in compliance with accounting principles and regulations
- Identify and analyse revenue-related issues and recommend solutions
- Prepare and maintain revenue schedules and reports
- Review and analyse revenue data for accuracy and completeness
- Ensure that revenue is recognised in accordance with the company’s revenue recognition policy
- Collaborate with cross-functional teams to ensure accurate and timely revenue recognition
- Assist with the preparation of financial statements and reports
- Ensure compliance with internal controls and accounting policies
- Continuously update job knowledge by participating in educational opportunities, reading professional publications, and participating in professional organisations
- Reconcile trade receivables aging
- Daily transfer of revenue from PMS (Infor) into Netsuite on daily basis working closely with Finance Assistants
- Full ownership of P&L from revenue perspective
- Attend P&L reviews with hotels team and GMs
- Use segment analysis to provide insight and projections, as well as harnessing analytics software e.g. PMS such as Infor
Qualifications:
- Proficient in Microsoft Office, particularly Word, Excel and PowerPoint
- Good understanding of hospitality commercial analysis and statistics
- Experience working within a Hotel's revenue controls team
- Advanced Microsoft Excel skills
- Demonstrable experience of building complex reports in Excel
- Qualified accountant (ACA, ACCA, CIMA, or equivalent) or studying towards recognised accounting qualification with at least five years' experience
- Experience of working with large data sets utilising NetSuite
- Experience of developing and completing analysis projects, e.g. post-investment project, presenting analysis and driving actions from insights. Referencing key KPI's such as ADR, Rev Par and STR to senior leadership teams
- Experience utilising Fairmas as a hospitality accounting system or any relevant reporting tool
- Experience of creating, recording, maintaining controls and governance e.g. P2P (procure to pay), R2R (record to report) and O2C (order to cash)
- Experience with Infor as an integrated CRM solution
Revenue Management Specialist employer: Insight Global
Contact Detail:
Insight Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Revenue Management Specialist
✨Tip Number 1
Familiarise yourself with the specific financial software mentioned in the job description, such as Infor and NetSuite. Having hands-on experience or even completing online tutorials can give you a significant edge during interviews.
✨Tip Number 2
Brush up on your knowledge of hospitality commercial analysis and key performance indicators like ADR and RevPAR. Being able to discuss these metrics confidently will demonstrate your understanding of the industry and its financial nuances.
✨Tip Number 3
Network with professionals in the hospitality finance sector. Attend industry events or join relevant online forums to connect with others who may provide insights or even referrals for the position.
✨Tip Number 4
Prepare to discuss your experience with large data sets and complex reporting in Excel. Be ready to share specific examples of how you've used these skills to drive revenue or improve financial processes in previous roles.
We think you need these skills to ace Revenue Management Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in revenue management and financial analysis, particularly within the hospitality sector. Use specific examples that demonstrate your proficiency with tools like Excel and NetSuite.
Craft a Compelling Cover Letter: In your cover letter, express your passion for revenue management and how your skills align with the responsibilities outlined in the job description. Mention your experience with P&L ownership and collaboration with cross-functional teams.
Highlight Relevant Qualifications: Clearly state your qualifications, such as being a qualified accountant or working towards an accounting qualification. Emphasise your experience with large data sets and any relevant reporting tools you have used.
Showcase Analytical Skills: Provide examples of how you've used analytics to drive decisions in previous roles. Mention specific KPIs you've worked with, such as ADR and Rev Par, and how your insights have positively impacted revenue.
How to prepare for a job interview at Insight Global
✨Showcase Your Analytical Skills
As a Revenue Management Specialist, you'll need to demonstrate your ability to analyse financial data. Be prepared to discuss specific examples of how you've identified revenue-related issues in the past and the solutions you recommended.
✨Familiarise Yourself with Relevant Software
Make sure you have a good understanding of the software mentioned in the job description, such as Infor and NetSuite. If possible, brush up on your skills with these tools so you can confidently discuss your experience during the interview.
✨Prepare for Technical Questions
Expect questions that test your knowledge of accounting principles and revenue recognition policies. Review key concepts and be ready to explain how they apply to the hospitality industry, particularly in relation to the hotels you'll be managing.
✨Demonstrate Your Team Collaboration Skills
Collaboration is key in this role, so be ready to share examples of how you've worked with cross-functional teams in the past. Highlight any experiences where your input helped improve revenue recognition or financial reporting processes.
