The Accountant will be responsible for managing the day-to-day accounting and financial operations of the travel agency. This includes maintaining accurate financial records, handling accounts payable and receivable, reconciling bank and credit card statements, managing commission tracking, and ensuring compliance with financial regulations and tax requirements. The role demands strong attention to detail and a thorough understanding of financial principles specific to the travel industry.
Manage the full cycle of accounting activities, including preparing, reviewing, and analyzing financial statements (Balance Sheet, Income Statement, Cash Flow).
Perform month-end and year-end close processes efficiently and accurately.
Ensure accurate and timely processing of accounts payable (vendor invoices, operational expenses) and accounts receivable (client payments, agent commissions owed).
Conduct regular and timely bank and credit card reconciliation.
Process and track employee expense reports and petty cash.
Handle client billing and ensure proper documentation for all travel bookings (flights, hotels, tours, insurance).
Manage the complex structure of travel agent commissions (payable and receivable) and ensure accurate settlement with suppliers and agents.
Track and reconcile IATA/ARC (Airlines Reporting Corporation) transactions and remittances.
Monitor and account for various forms of payment, including credit card merchant fees and foreign currency transactions.
Assist in the preparation of regulatory reports and tax filings (e.g., Sales Tax, VAT, Income Tax).
Maintain the General Ledger and ensure that all financial transactions are properly documented and classified.
Analyze budget variances and provide management with insights into operational efficiency and profitability by segment (e.g., corporate travel, leisure travel).
Assist with internal and external audits.
Bachelor’s degree in Accounting, Finance, or a related field.
Proven 2-3+ years of experience as an Accountant, preferably within the travel, hospitality, or service industry.
Solid knowledge of Generally Accepted Accounting Principles (GAAP).
Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and advanced Excel skills (pivot tables, VLOOKUPs).
Experience with travel-specific accounting software (e.g., Trams, Sabre, Amadeus back-office systems) is a significant advantage.
Familiarity with IATA/ARC reporting and commission reconciliation processes.
Strong analytical and problem-solving skills.
Excellent communication and interpersonal skills for liaising with clients, vendors, and internal staff.