Income Auditor - Regent Santa Monica Beach Opening 2024

Hotel Brand: Regent
Location: United States, California, Santa Monica

Hotel: Santa Monica Beach (SMOOA), 1700 Ocean Avenue, 90401

Job number: 125681



About Us:

Regent Santa Monica Beach—an IHG Hotels & Resorts (IHG) property—lands in Santa Monica in 2024 as the first destination in the Americas. The resort will set a new standard for modern upper luxury. 

Located steps from the famed Santa Monica Pier, the resort will celebrate the beauty of unexpected harmony through contrasts, delivering inspired stays through a blend of serenity and a touch of decadence. The resort will feature sumptuous rooms and suites, along with a stunning beachfront pool deck, a destination spa, and a wellness center. Additionally, Regent Santa Monica Beach will welcome guests for unforgettable epicurean experiences, including a restaurant concept created in collaboration with an acclaimed celebrity chef as well as a high-end artisanal marketplace.

Job Summary:

As the Income Auditor, you will play a vital role in ensuring the accuracy of our financial data and adherence to hotel standards and policies. Your responsibilities will include performing daily audit procedures, reconciling revenue transactions, and preparing comprehensive financial reports for management review.

A little bit about your day:

Reporting to the Director of Finance, every day is different, but you’ll mostly:

• Conduct daily reconciliation of all resort revenue, posting journal entries to rectify errors or omissions promptly.
• Review and address any unapproved adjustments and refunds with department heads.
• Reconcile cash and credit card transactions, ensuring accurate processing and depositing.
• Investigate and resolve discrepancies or irregularities identified during audits, collaborating with relevant departments for swift resolution.
• Prepare accurate daily, weekly, and monthly income audit reports, including revenue summaries and variance analyses.
• Reconcile sales taxes daily and manage tax-exempt revenue accurately.
• Prepare monthly sales tax and tip allocation reports.
• Generate daily chargeback reports and liaise with Accounts Receivable for resolution.
• Identify opportunities to enhance audit processes, improve controls, and streamline workflows.
• Collaborate effectively with internal and external auditors, providing accurate financial records and documentation.
• Ensure compliance with accounting standards, resort policies, and legal regulations related to accounts receivable and billing procedures.
• Perform other duties as assigned.

  Requirements:

• Minimum 1-2 years of experience as an Income Auditor or similar role.
• Bachelor’s Degree in Accounting, Finance, or Hospitality/Tourism, or currently enrolled in a related program.
• Working knowledge of banking, credit cards, accounts payable, and general ledger processes.
• Proficiency in MS Word, Excel, PowerPoint, Outlook, and SharePoint.
• Experience with Opera, Micros, and/or InfoGenesis is preferred.
• Strong attention to detail and accuracy in financial reporting.
• Excellent communication and presentation skills.
• Ability to thrive in a fast-paced environment, effectively managing multiple priorities and meeting deadlines.
• Strong interpersonal skills, fostering trust and confidence to motivate and influence others.
• Professionalism and composure in challenging situations.
• Strong problem-solving skills and ability to collaborate effectively.
• Strong project management skills, ensuring timely completion of tasks.
• Commitment to maintaining confidentiality and upholding the highest standards of professionalism.

What you can expect from us: 

The hourly pay range for this role is  $31.00 to $33.00 . This range is only applicable for jobs to be performed at  Regent Santa Monica Beach . This is the lowest to highest pay scale we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. A colleague’s pay position within the pay range will be based on several factors including, but limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, sales or revenue-based metrics, and business or organizational needs.

Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Join us and you’ll become part of the global IHG family – and like all families, all our individual colleagues share some winning characteristics. As a team, we work better together – we trust and support each other, we do the right thing, and we welcome different perspectives. You need to show us you care, that you notice the little things that make a difference to guests as well as always looking for ways to improve.

In return, we'll give you a competitive financial and benefits package which may include healthcare support, dental, vision, disability and life insurance support, and a matching 401k plan. Hotel discounts worldwide are available as well as access to a wide variety of discount programs and the chance to work with a great team of people. Most importantly, we'll give you the room to be yourself.

IHG is an equal opportunity employer: Minorities / Females / Disabled / Veterans.

At IHG, we’ve made a promise. As one of the world’s leading hotel groups, we’re here to deliver True Hospitality for Good. Making our guests and colleagues feel welcome, cared for, recognised and respected – wherever they are in the world. Want to be part of the journey?

Regent is the epitome of modern luxury for the world’s most discerning travelers. Pushing the boundaries of refined living since 1971, Regent colleagues have set out once more to reimagine uplifting experiences that balance serenity and stimulation to heighten the senses. This, is new. This, is Regent. 

Don't quite meet every single requirement, but still believe you'd be a great fit for the job? We'll never know unless you hit the 'Apply' button. Start your journey with us today.