Accounting Manager-Credit

4 weeks ago


Boston, Massachusetts, United States Highgate Hotels Full time
Job Title: Accounting Manager-Credit

Job Summary:

The Accounting Manager-Credit is responsible for providing financial leadership and guidance to the hotel's management team. This role involves focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal control, and safeguarding owners' assets.

Key Responsibilities:

  • Prepare monthly financial statements, including cash flow statements, management of receivables, payables, cash balances, and control mechanisms.
  • Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Highgate Hotels' established guidelines.
  • Control and forecast hotel cash flow and operating expenses.
  • Create annual budgets and monthly variance analysis.
  • Ensure hotels' compliance with all regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes.
  • Analyze financial data and operations to assist and advise management in maintaining the hotels' financial objectives.
  • Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
  • Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
  • Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
  • Successful completion of all internal and external financial audits, including coordination of work with CPA firms and delivering information requested by auditors on a timely basis.
  • Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
  • Maintain compliance with Highgate Hotels' standards and regulations to ensure safe and efficient operation of the hotel.
  • Directs or prepares all financial reports in accordance with Highgate Hotels' requirements, meeting various due dates and deadlines.
  • Report responsibility - Weekly: A/R & A/P Aging, Flash Reports, Payroll Reports, Revenue Updates, Financial Statements, Forecasting Key Statistics Report, Cash Flow.

Requirements:

  • At least 6 years of related progressive experience in hotel Accounting or a related field; or a 4-year college degree with an Accounting/Finance concentration and a minimum of 2 years of related progressive experience.
  • Proficient in Windows, Company-approved spreadsheets, and word processing, and in the operation of all hotel-specific systems.
  • Attend all hotel required meetings and trainings.
  • Maintain regular attendance in compliance with Highgate Hotel Standards, as required by scheduling, which will vary according to the needs of the hotel.
  • Comply with Highgate Hotel Standards and regulations to encourage safe and efficient hotel operations.

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