At a Glance
- Tasks: Conduct daily audits of hotel revenue and ensure accurate financial reporting.
- Company: Join the Millennium Hotel London Knightsbridge, a prestigious 4-star property.
- Benefits: Competitive salary, career growth, and a vibrant work environment.
- Other info: Opportunity to work in a collaborative environment with excellent training.
- Why this job: Be part of a dynamic finance team in a luxury hotel setting.
- Qualifications: 2+ years in finance roles, knowledge of hotel operations, and strong analytical skills.
The predicted salary is between 30000 - 40000 £ per year.
Join the Millennium Hotel London Knightsbridge for an experienced Income Auditor. The purpose of this role is to assist in the daily running of the Finance department, ensuring that all M&C procedures and targets are met.
Key Responsibilities
- Perform daily audits of revenue generated from all hotel outlets, including Rooms, Food & Beverage, Events and other ancillary revenue streams.
- Verify that all revenues have been correctly recorded in the Property Management System (PMS), Point of Sale (POS), and accounting systems.
- Reconcile daily revenue reports, cash receipts, credit card transactions, bank transfers, and city ledger accounts.
- Review room rates, packages, discounts, complimentary stays, rebates, and allowances to ensure proper authorization.
- Investigate and resolve discrepancies, variances, and unusual transactions promptly.
- Ensure compliance with hotel financial policies, procedures, and internal controls.
- Monitor adherence to revenue recognition policies and accounting standards.
- Review voids, refunds, discounts, paid outs, and corrections for appropriate approvals.
- Identify weaknesses in financial controls and recommend improvements.
- Assist with internal and external audits by providing supporting documentation and reports.
- Prepare and distribute the Daily Revenue Report to hotel management.
- Produce revenue analysis reports highlighting trends, variances, and operational issues.
- Maintain accurate audit files and supporting records for all revenue transactions.
- Assist with month-end closing activities and revenue reconciliations.
- Verify daily cash deposits and ensure all funds are accounted for.
- Reconcile credit card settlements with merchant reports and bank receipts.
- Follow up on disputed transactions, chargebacks, and payment discrepancies.
- Work closely with Front Office, Reservations, Food & Beverage, Events, and Finance teams to ensure accurate revenue recording.
- Provide guidance and support to operational departments regarding revenue procedures.
Essential Skills
- Knowledge of Opera Cloud and Micros POS systems.
- Minimum 2 years' experience in an Income Auditor, Accounts Receivable, General Cashier, or Finance role within a hotel environment.
- Strong understanding of hotel operations, revenue streams, and financial controls.
- Experience working with hotel PMS and POS systems.
- Proficient in Microsoft Excel and financial reporting tools.
- Strong analytical and reconciliation skills with excellent attention to detail.
Desirable Skills
- Bachelor's degree in accounting, Finance, Hospitality Management, or a related field, or equivalent experience.
- Part-qualified AAT, ACCA, CIMA, or equivalent accounting qualification.
Skills & Competencies
- Excellent numerical and analytical abilities.
- Strong organisational and time-management skills.
- High level of integrity and confidentiality.
- Ability to identify discrepancies and investigate issues thoroughly.
- Strong communication and interpersonal skills.
- Ability to work independently and meet strict deadlines.
- Proficiency in Microsoft Office, particularly Excel.
We are an equal opportunities employer. In line with the requirements of the Asylum & Immigration Act 1996, all applicants must be eligible to live and work in the United Kingdom. Documented evidence of eligibility will be required from candidates as part of the recruitment process.
Income Auditor in London employer: Millennium Hotels UK/EU - Careers
At The Millennium Hotel London Knightsbridge, we pride ourselves on fostering a dynamic and inclusive work environment where every team member is valued. As an Income Auditor, you will benefit from our commitment to employee growth through ongoing training and development opportunities, all while enjoying the vibrant atmosphere of one of London's most prestigious locations. Join us and be part of a supportive family that prioritises excellence and innovation in hospitality.
Contact Details:
Millennium Hotels UK/EU - Careers Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Income Auditor in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the hospitality industry, especially those who work at hotels. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Knowing about The Millennium Hotel London Knightsbridge will help you tailor your answers and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your skills! Brush up on your knowledge of Opera Cloud and Micros POS systems, as well as your financial reporting skills. Being sharp on these will give you an edge during technical interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Millennium family!
We think you need these skills to ace Income Auditor in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Income Auditor role. Highlight your experience with hotel financial systems and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. We love seeing enthusiasm and personality!
Showcase Your Skills:Don’t forget to mention your analytical skills and attention to detail. These are key for an Income Auditor. We want to know how you've used these skills in past roles, so give us some examples!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and we can’t wait to see your application come through!
How to prepare for a job interview at Millennium Hotels UK/EU - Careers
✨Know Your Numbers
As an Income Auditor, you'll be dealing with a lot of financial data. Brush up on your knowledge of revenue streams and financial controls. Be prepared to discuss how you’ve handled discrepancies in the past and what tools you used, like Opera Cloud or Micros POS systems.
✨Showcase Your Analytical Skills
Highlight your analytical abilities during the interview. Prepare examples of how you've reconciled reports or identified trends in revenue analysis. This will demonstrate your attention to detail and your capability to handle the responsibilities of the role.
✨Familiarise Yourself with Hotel Operations
Understanding hotel operations is crucial for this role. Research The Millennium Hotel London Knightsbridge and its services. Be ready to discuss how different departments, like Front Office and Food & Beverage, impact revenue recording and auditing.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about the finance department's processes and how they collaborate with other teams. This shows your interest in the role and helps you gauge if the company culture aligns with your values.
