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About the Role

The Accounting Manager is responsible for providing consistent leadership in the financial area of the hotel by supplying management with guidance and training. He/she is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels on internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.

Responsibilities

Effectively manage and communicate cash flow related issues, including accurate and timely preparation of monthly financial statements, cash flow statements, management of receivables, payables, cash balances, control mechanisms, and timely deposits of all funds.
Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Highgate Hotels established guidelines.
Monitor and control Hotel’s cash flow and operating forecast.
Create annual budgets and monthly variance analysis, investigating and critiquing variances and offering practical improvement methodologies to management.
Ensure hotels’ compliance with all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
Provide assistance to management in enforcing compliance on all regulatory items.
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.
Successfully complete 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.
Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines.
Report weekly A/R & A/P Aging, Flash Reports, Payroll Reports, and Revenue Updates.
Report monthly Financial Statements, Forecasting Key Statistics Report, and Cash Flow.
Report annually on Budgets, 5-Year Plans, and 5-Year Capital Plans.
Timely interact with Executive Committee members to assure that property operations are on track and under control at all times.
Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
Monitor the accurate production of the hotel daily operating report.
Execute other special projects and responsibilities as assigned.

Requirements

At least 6 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/ Finance concentration and a minimum of 2 years of related progressive experience; or a 2-year college degree and a minimum of 4 years of related progressive experience.
Proficient in Windows, Company approved spreadsheets and word processing, and in the operation of all hotel-specific systems.
Maintain a warm and friendly demeanor at all times.
Effectively communicate both verbally and written, with all levels of employees and guests in an attentive, friendly, courteous and service-oriented manner.
Effective at listening to, understanding, and clarifying concerns raised by employees and guests.
Able to multitask and prioritize departmental functions to meet deadlines.
Approach all encounters with guests and employees in an attentive, friendly, courteous and service-oriented manner.
Attend all hotel required meetings and trainings.
Participate in M.O.D. coverage as required.
Maintain regular attendance in compliance with Highgate Hotel Standards, as required by scheduling, which will vary according to the needs of the hotel.
Maintain high standards of personal appearance and grooming, which includes wearing nametags.
Comply with Highgate Hotel Standards and regulations to encourage safe and efficient hotel operations.
Maximize efforts towards productivity, identify problem areas and assist in implementing solutions.
Effective in handling problems, including anticipating, preventing, identifying and solving problems as necessary.
Able to understand and evaluate complex information, data, etc. from various sources to meet appropriate objectives.
Able to maintain confidentiality of information.
Perform other duties as requested by management.

Skills

Accounting
Finance
Cash flow management
Financial reporting
Internal controls
Budgeting
Variance analysis
Regulatory compliance
Auditing
Staff supervision
Communication
Problem-solving
Multitasking
Prioritization
Microsoft Windows
Spreadsheet software
Word processing software
Hotel-specific systems

Location

Ace Hotel

Work Type

Full-time

Experience Level

6+ years of related progressive experience in hotel Accounting or related field
4-year college degree with an Accounting/Finance concentration and a minimum of 2 years of related progressive experience
2-year college degree and a minimum of 4 years of related progressive experience

Education Level

4-year college degree with an Accounting/Finance concentration
2-year college degree

Benefits

Medical insurance
Dental insurance
Vision insurance
Life insurance
Short-term disability insurance
Long-term disability insurance
401(k) Retirement Plan with employer matching contributions
Paid holidays
Paid vacation
Paid sick leave
Employee assistance program (EAP)
Educational opportunities / Tuition reimbursement
Paid jury duty leave
Personal leave
Medical leave
Military leave

About the Company

Highgate is a leading real estate investment and hospitality management company with over $15 billion of assets under management and a global portfolio of more than 400 hotels spanning North America, Europe, the Caribbean, and Latin America.
With a 30-year track record as an innovator in the hospitality industry, this forward-thinking company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition.
Highgate continues to demonstrate success in developing a diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts, featuring contemporary programming and digital acumen.
The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value.
With an executive team of seasoned hospitality leaders and corporate offices worldwide, Highgate is a trusted partner for top ownership groups and major hotel brands.
Ace Hotel is a collection of individuals held together by an affinity for the soulful.
We are not here to reinvent the hotel, but to readdress its conventions to keep them fresh, energized, human.
We believe that hospitality is compassion, that it is not servility but genuine concern for others’ well-being.
We like the stories that come with things and think that wherever you are, you should feel like you’re there.
Work can be a beautiful thing when done beautifully, and it’s a lot more fun done together than apart.
This, more than anything else, is why people want to sleep with us.