Head of Hotel Financial Operations
2 weeks ago
POSITION: DIRECTOR OF HOTEL ACCOUNTING
ROLE SUMMARY:
The Director of Hotel Accounting is responsible for ensuring precise and timely financial reporting across all designated properties. This role involves compiling, reviewing, reconciling, and analyzing financial entries to support the accounting operations. The position provides essential financial insights to Ownership, Corporate Staff, and Hotel teams through monthly and ad hoc reports. Additionally, it oversees all hotel accounting activities to ensure compliance and accuracy.
KEY RESPONSIBILITIES:
- Utilize designated hotel accounting software to generate financial reports aligned with the Monthly Accounting Calendar.
- Oversee the preparation and compilation of hotel financial statements and annual budgets.
- Execute all journal entries necessary for closing each accounting period.
- Review and authorize vendor invoices for hotel services.
- Examine monthly hotel sales and occupancy tax returns for accuracy and compliance.
- Reconcile daily postings in general ledger accounts and bank statements as available.
- Analyze financial data at period-end, including food and beverage costs, to provide actionable insights to hotel management.
- Monitor the Accounts Receivable function across hotels to ensure aging accounts meet established benchmarks.
- Review and enhance internal control procedures at hotels, including cash handling and operations.
- Prepare year-end documentation to assist in third-party financial reviews and tax return preparations.
- Engage in special projects and other accounting-related tasks as assigned.
Qualifications:
Education: A bachelor’s degree in accounting is mandatory.
Experience: Prior experience in hotel accounting within a multi-property environment is preferred, with five to seven years in a similar role.
Skills and Competencies: Requires advanced knowledge of finance and hospitality principles. The ability to analyze data and provide logical conclusions and recommendations is essential. Strong communication skills are necessary to convey information effectively to management, employees, and stakeholders.
Travel Requirements: Minimal travel to properties may be required for audits or meetings.
Work Schedule: Expected to work 40-45 hours over a standard five-day workweek.
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