Accounting / Credit Manager

Omni Hotels & Resorts - Atlanta, GA

Full-time

Atlanta, GA

Accommodation

About the position

The Omni Atlanta Hotel at Centennial Park is seeking a dedicated professional to join our team in maximizing the hotel's cash flow earnings through effective credit and collection policies. This position plays a crucial role in managing the hotel's credit and collection functions, ensuring that we maintain a healthy financial status while providing exceptional service to our guests. The ideal candidate will be responsible for overseeing the accounts receivable process, assisting with billing and customer service functions, and implementing sound credit policies and procedures. In this role, you will reference and approve all credit applications to minimize collection risks, efficiently manage accounts receivable to maximize cash flow, and establish robust credit policies that are adhered to by all departments. You will utilize available resources to increase accounts receivable turnover and collection periods, while also minimizing the overall accounts receivable balance. This includes implementing aggressive advance deposit policies, ensuring timely and accurate initial billings, and conducting follow-up calls within a 10-20 day period. Additionally, you will hold monthly credit meetings to enhance communication among all parties involved in the credit process, including Sales, Catering, Reservations, and Front Desk. Familiarity with state tax laws and tax-exempt status reporting is essential, as you will ensure daily posting of Accounts Receivable payments received from the lockbox and maintain an up-to-date file for payment batches. You will also review and examine check-out accounts daily to enforce the hotel's credit policy effectively.

Responsibilities

• Manage hotel's credit and collection function.
• Assist with billing and customer service functions.
• Reference and approve all credit applications to minimize collection risk.
• Efficiently manage accounts receivable to maximize cash flow.
• Establish sound credit policies and procedures and monitor adherence.
• Utilize available resources to increase accounts receivable turnover and collection period, and minimize accounts receivable balance.
• Implement aggressive advance deposit policies and ensure timely and accurate initial billings.
• Conduct 10-20 day follow-up calls for outstanding accounts.
• Hold monthly credit meetings to discuss credit processes.
• Increase communication with all involved parties in the credit process (Sales, Catering, Reservations, and Front Desk).
• Familiarize with state tax laws and tax-exempt status reporting.
• Ensure daily posting of Accounts Receivable payments received from the lockbox and maintain an up-to-date file for payment batches.
• Review and examine check-out accounts daily to ensure adherence to the hotel's credit policy.

Requirements

• Previous hotel accounting experience and at least 2 years in accounts receivable.
• Strong computer and phone skills preferred.
• Ability to meet deadlines and work on multiple projects.
• Excellent verbal and written communication skills.
• Knowledge of sales tax laws and tax-exempt status reporting.
• Advanced experience in credit and deposit policies and procedures preferred.