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Hotel Financial Specialist

2 months ago

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

Location
Main Street Hospitality

Employment Type
Full Time

Education Requirement
High School Diploma

Travel Requirement
None

Work Schedule
Day Shift

Job Category
Accounting

Position Summary:

The Property Accountant plays a crucial role in managing all financial operations related to designated hotels, serving as the primary financial liaison for the General Managers. Key responsibilities encompass comprehensive financial accounting, budget management, forecasting, monthly and daily financial close processes, journal postings, balance sheet reconciliations, and the preparation of monthly profit and loss statements along with owners' reports. The Property Accountant collaborates closely with property-level management and accounting professionals to ensure adherence to necessary accounting protocols.

Key Responsibilities:
  • Ensure compliance with company standards and regulations to facilitate safe and efficient financial operations across a segment of the hotel portfolio.
  • Record daily sales transactions after reconciling audit reports with settlements, utilizing the property management system and accounting software.
  • Prepare and enter monthly journal entries for banking and subsidiary accounts.
  • Generate 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 supporting documentation in line with auditing standards.
  • Prepare monthly cash flow statements and coordinate with the Treasury department on cash forecasts.
  • Audit and reconcile front desk and food and beverage transactions.
  • Reconcile credit card transactions and city ledger accounts weekly.
  • Verify tax calculations in sales journals and ensure accuracy in tax postings relative to revenue categories.
  • Notify management of any unusual financial activities or significant policy deviations.
  • Enhance productivity by identifying issues 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 organized office practices through daily filing and task management.
  • Complete any other duties as directed by the VP of Finance.
Qualifications:
  • High School diploma or equivalent; experience in hospitality or related fields preferred.
  • Degree in accounting, finance, or a related field is advantageous.
  • Three to five years of general accounting experience, including ledger maintenance and monthly closings.
  • Proficient in using basic computer applications, including spreadsheets and accounting software.
  • Experience with hospitality accounting and business analytics software is preferred.
Professional Attributes:
  • Ability to analyze financial data and perform complex calculations.
  • Strong communication skills to convey information effectively.
  • Capability to synthesize complex information from various sources.
  • Maintain composure under pressure and address workplace challenges proactively.
  • Willingness to listen and resolve concerns raised by colleagues and clients.
  • Ability to prioritize tasks to meet deadlines.
  • Consistent attendance in accordance with company standards.
Physical Requirements:
  • Flexibility to work extended hours as needed.
  • Ability to exert up to 20 pounds of force occasionally.
Work Authorization: Must be eligible to work in the United States.

EEO Statement: Main Street Hospitality is an equal opportunity employer, committed to providing fair consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, or any other characteristic protected by law.