Revenue Job Description
Revenue Duties & Responsibilities
To write an effective revenue job description, begin by listing detailed duties, responsibilities and expectations. We have included revenue job description templates that you can modify and use.
Sample responsibilities for this position include:
Revenue Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Revenue
List any licenses or certifications required by the position: CPA, ACCA, CIMA, ACA, CFA, CMA, CHAM, PMP, CHAA, MGMA
Education for Revenue
Typically a job would require a certain level of education.
Employers hiring for the revenue job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Economics, Business/Administration, Management, Marketing, Hotel and Restaurant Management, Education, Business, Computer
Skills for Revenue
Desired skills for revenue include:
Desired experience for revenue includes:
Revenue Examples
Revenue Job Description
- Well versed in analytical tools like Advanced Excel, Revenue Management System and distribution tools like PMS and CRS
- Perform root cause analysis on revenue issues and escalate to Retail Customer Logistics (RCL) and Trade Financial Management (TFM) as appropriate
- Revenue recognition and reporting across all business markets
- Extract data from oil and gas purchaser statements and revenue processes
- Monitor performance for staff responsible for appointment scheduling,registration, clinic check-in, and clinic collections
- File financial reports and advise management on needed actions
- Regular and proactive communication to senior management and account leads on all financial matters
- Attend weekly regional Business Review Meetings (BRM’s) to review current quarter license opportunities
- Provide support to the Management Accountant in review of backlog data regularly throughout the quarter
- Provide ad-hoc analysis for revenue and customer-related data for various product offerings
- Assist with the review of contracts and related documents to identify appropriate billing and revenue recognition issues
- Support compliance with Sarbanes-Oxley internal controls requirements
- Represent accounting on cross-functional project teams
- Analyze historical performance trends, relevant micro-market data and identified budgetary targets to execute pricing strategies for both new lease and renewal pricing
- Process client bills according to guidelines set by our London office
- Support fee earners and secretaries on the firm’s Client Matter Opening System (CMO)
Revenue Job Description
- Managing day-to-day operations of revenue management function and produce reporting that supports hotel’s business development by gathering relevant market intelligence to support the Revenue Manager
- Be Accounting’s representative in leading process improvement projects with Engineering, Business Development, Marketing and FP&A
- Shorten accounting close cycle to targets set forth by management
- Analyzes, documents, and recommends changes of procedures for systems setup and other financial activities
- Process time and disbursement write offs and transfers, and client matter details within Firm Control
- Act as a liaison with fee earners and the Worldwide Rates and Grades team to ensure that billing rates are properly set
- Handle monthly WIP and Debt meetings with Partners
- Maintain Credit Control Tracking and assist with minimizing bad debts
- Become subject matter expert for revenue globally
- Assist with producing monthly forecasts and analysis on targeted revenue generation
- Prior revenue recognition experience within internet media, high-tech, or advertising preferred
- We are looking for a well organized and creative candidate with excellent communication and interpersonal skills, who is able to display a “passion for perfection” and work in a dynamic environment
- Knowledge of all industry reports such as STR, Hotelligence, Market Vision
- Reconciling accounts receivable balances resulting from revenue bookings
- Trend analyses and explanation of large swings in the revenue bookings
- Interacting with other departments such as marketing accounting, production accounting, and the land department in order to ensure that the proper revenue is recorded each month
Revenue Job Description
- Prepares reports of the aged accounts receivable and forwards to management
- Process credit card transactions and refunds for miscellaneous revenue and refunds for various on-line e-commerce systems
- Develop working relationships with managers in the Group Sales, Catering Sales, and Convention Service staff on all properties within the Regional Sales team, providing consultation on strategies for booking optimal group and catering business
- Process all transaction billings in Revenue Management System (RMS) system and research discrepancies
- Responsible for performing special projects to improve process efficiency and performance Projects as assigned by Management
- Periodically assisting the owner relations department with answering questions from 3rd parties
- Work closely with billing/accounts receivable to review invoices for proper account coding timing
- Administer all client contracts with support from the legal department
- Monitor and confirm financial condition
- Manage billing staff for non-government contracts
- Working background in reservation is a must working experience in international chain hotels
- Data Entry Skill
- Data auditing/analysis
- Railroad accounting knowledge a plus
- Software revenue recognition or revenue accounting experience (knowledge of ASC Topic 605 – Revenue Recognition)
- Bachelors’ degree in Accounting or Finance required and minimum of two years of relevant experience and overall knowledge of US GAAP framework
Revenue Job Description
- Performance of key revenue controls
- Responding to auditor queries regarding revenue recognised on a quarterly basis
- Provide support to the IFRS 15 implementation project team where necessary
- Review contracts to determine revenue amount, timing, and GM
- Review contracts prior to signature to ensure the most appropriate revenue treatment
- Prepare and/or review Revenue Recognition Checklists (RRCs) in accordance with corporate thresholds for review and approval by Region Controller and Corporate team
- Manage monthly revenue accounting close efforts for assigned area, including assurance of accurate and timely results and preparation of auditable revenue and deferred revenue account reconciliations
- Work with accounting team to maintain deferred revenue schedules and recognition of revenue against agreements
- Participate in proactively identifying, assessing and implementing preventative and detective controls and process improvements and participate in compliance with all internal Sarbanes Oxley related requirements
- Work with accounting team to prepare analytical review of revenue-related accounts for reporting purposes
- 2 years in a hotel operations position preferred
- A strong focus on customer service with an emphasis on timely and accurate communication
- Motivated and possessing the ability to work independently with little or no supervision
- Able to work in a fast paced, high volume environment and meet deadlines
- Ability to problem solve and analyze complex situations
- Strong technical knowledge and practical application of ASC 605-25
Revenue Job Description
- Will need a thorough working knowledge of all relevant systems in order to perform essential daily job functions project-related tasks
- Coordinate and submit RFP responses in all relevant systems on behalf of international hotels and account managers (Glasgow and Petaling Jaya only)
- Excellent written and verbal communication and comprehension skills, including the ability to clearly explain complex department processes and demonstrate the appropriate levels of disclosure to a wide audience who may or may not be familiar with Hilton’s distribution process
- Provides functional guidance on revenue and revenue deduction perspective for business transactions
- Serves as a Subject Matter Expert (SME) for revenue related policies and processes
- Keeps up to date with country- and business specific regulations like HCC (Health Care Contributions) in order to ensure a high quality accounting assessment at all times
- Advises the business with projects providing accounting guidance/expertize
- Provides SME support for in-country processes
- Proactively build relationships with the shared service center personnel handling the processing of
- Act as secondary to Accounting personnel as liaison & support for offshore outsource providers in GL & AP functions (eg
- Minimum 2 years' previous management experience in Revenue operations
- Master Degree or Diploma in Hospitality Management is an asset
- Public Accounting experience preferred, preferably with a Big 4 public accounting firm
- For candidate from Big 4 public accounting firm, a minimum of 3-4 years of related revenue experience with technical accounting is required
- For candidate with little or no public experience, a minimum of 3-4 years of related experience with technical accounting is required
- The ideal candidate should have a combination of working experience from both publicly traded companies and private companies