Property Finance Coordinator

1 week ago

Stockbridge, Massachusetts, United States Main Street Hospitality Full time
Job Overview

Location
Main Street Hospitality

Employment Type
Full Time

Required Education
High School Diploma

Travel Requirements
None

Work Schedule
Day Shift

Job Category
Accounting

Position Summary:

The Property Accountant plays a crucial role in managing all financial activities associated with designated hotels, serving as the primary financial liaison for the General Managers. Key responsibilities encompass comprehensive financial accounting, budgeting, forecasting, daily and monthly financial closings, and the preparation of monthly financial statements and owner reports. This position collaborates closely with hotel management and accounting personnel to ensure adherence to necessary accounting protocols.

Key Responsibilities:
  • Ensure compliance with Main Street Hospitality standards and regulations to facilitate safe and efficient financial operations across the hotel portfolio.
  • Record daily sales transactions after reconciling audit reports with settlements, utilizing the property management system and company accounting software.
  • Generate and record monthly journal entries for banking and subsidiary accounts.
  • Compile monthly profit and loss statements for assigned properties.
  • Collaborate with General Managers to develop annual budgets and mid-year financial forecasts.
  • Conduct monthly balance sheet reconciliations with appropriate documentation in line with auditing standards.
  • Prepare monthly cash flow statements and coordinate with the Treasury department on rolling cash forecasts.
  • Audit and reconcile front desk and food and beverage transactions.
  • Review and reconcile credit card transactions and city ledger accounts weekly.
  • Verify tax calculations in sales journals and ensure accuracy in revenue reporting.
  • Notify management of any unusual financial activities or deviations from established policies.
  • Enhance productivity by identifying challenges and implementing effective solutions.
  • Respond to inquiries from regulatory bodies as needed.
  • Participate in required meetings and training sessions.
  • Perform additional tasks as assigned by management.
  • Maintain an organized office environment through daily filing and task management.
  • Complete any other responsibilities as directed by the VP of Finance.
Qualifications:
  • High School diploma or equivalent; experience in hospitality or a related field is preferred.
  • A degree in accounting, finance, or a related discipline is advantageous.
  • Three to five years of general accounting experience, including knowledge of chart of accounts and general ledger maintenance.
  • Proficiency in basic computer applications, including spreadsheets and accounting software.
  • Experience with hospitality accounting software is preferred.
Professional Attributes:
  • Ability to interpret financial data and perform complex calculations.
  • Strong communication skills to convey information effectively.
  • Capacity to synthesize complex information from various sources.
  • Maintain composure and professionalism under pressure.
  • Proactive in identifying and resolving workplace issues.
  • Ability to prioritize tasks to meet deadlines.
  • Regular attendance in accordance with scheduling requirements.
Physical Requirements:
  • Ability to work flexible hours as needed.
  • Occasional lifting of up to 20 pounds may be required.
Work Authorization: Must be eligible to work in the United States.

EEO Statement: Main Street Hospitality is committed to equal opportunity employment, ensuring that all qualified applicants receive consideration without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, or any other characteristic protected by law.

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