Accounting Manager
2 weeks ago
Our urban oasis, situated at the corner of Hollywood and Highland, is your perfect base for moving and shaking, tinseltown-style. Loews Hollywood Hotel offers you movie-star magic and modern upscale amenities. Welcome to Style and Stature in the Hollywood Hills.
The Accounting Manager performs day to day accounting activities, reporting and issue resolution between operations and the shared service operations. The position is responsible for completing, reviewing, analyzing financial reports and transactions as appropriate. This position ensures that operations are in compliance with all internal control procedures.
Essential Functions and Responsibilities
- Provides day to day oversight and support of accounting services.
- Directs or completes the activities for the billing and collection of receivables in accordance with contractual payment terms.
- Provides day to day management of activities related to billing and collection functions for meeting and event groups prior to group arrival (includes scheduled advance and final deposits).
- Responsible for the accurate and timely reporting of aged accounts receivables.
- Ensures the timely resolution of client disputes contributing to aging receivable balances.
- Primary contact for client escalation meetings to resolve aged or disputed receivables.
- Responsible for facilitating monthly meetings with hotel operations reporting on the status of each individual aged account receivable balance.
- Responsible for the delivery of services to clients and hotels within defined service level standards.
- Ensures daily cash consolidation reporting is timely, and accurate.
- Ensures monthly bank reconciliations are timely, compliant, and accurate.
- Prepares and posts journal entries.
- Ensures month-end close is performed timely, compliant, and accurate.
- Ensures monthly balance sheet reconciliations are timely, compliant, and accurate.
- Ensures proper internal controls are in place and monitored through monthly self-testing.
- Trains team members on policies and controls.
- Supports management with new implementations and improvement programs as necessary.
- Re-trains property accountants based on monthly performance metrics.
- Takes minutes and prepares an action plan based on results of quarterly balance sheet reviews with property Director of Finance, Assistant Director of Finance, and/or Regional Director of Finance.
- Identifies training opportunities; creates and presents ongoing training to team members, hotel property leadership and other key stakeholders.
- Fosters a continuous improvement culture.
- Regular attendance in conformance with standards.
- May be required to work varying schedules to reflect business needs.
- Required to attend all training sessions and meetings.
- Ability to perform "Physical Requirements" as explained below.
- Upholds all company and industry standards pertaining to PCI compliance, guest/financial/payroll confidentiality and accounting best practices.
- Other duties as assigned.
- Ability to work cooperatively with others.
- Ability to maintain confidentiality.
- Ability to read, write and speak English effectively.
- Ability to communicate effectively both written and verbally.
- Ability to work effectively, maintain composure and make decisions in stressful situations.
- Ability to organize workload, adapt quickly to change, and deliver under the pressure of deadlines.
- Ability to perform both standard and intermediate spreadsheet functions using Microsoft Excel.
- Proficiency in windows-based computer programs to include e-mail, internet and word processing applications.
- Strong computer skills and ability to learn new computer applications.
- General knowledge of mathematics and accounting principles.
- 2-5 years accounting experience required.
- Bachelor's in Accounting preferred.
- Hospitality finance experience preferred. Previous management experience preferred.
- Previous experience having served as an Accounts Receivable Supervisor or Accounts Receivable Manager preferred.
- Large hotel group experience preferred.
- Opera experience preferred.
- Delphi experience preferred.
Salary range for this position, based on experience, is $64,480.00 to $75,000.00.
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