Financial Accountant - Concord Hospitality Enterprises Raleigh NC
Financial Accountant - Concord Hospitality Enterprises Raleigh NC
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Job Description
The Financial Accountant plays a vital role in maintaining accurate and timely financial records for an assigned portfolio of properties. Reporting directly to the Senior Financial Accountant the primary responsibilities involve daily bookkeeping functions including the posting of journal entries managing accruals and performing reconciliations to ensure the integrity of each hotels balance sheets are maintained. This role is responsible for ensuring that all entries are properly supported reconciliations are accurately maintained and documentation is organized for audit purposes. Responsibilities also include financial analysis or direct communication with property owners but the main focus is on the operational accounting processes and procedures of the hotels.
Responsibilities:
Manage the daily bookkeeping functions including accurate and timely journal entries for a portfolio of properties ensuring integrity across the general ledger.
Record monthly accruals for property taxes insurance utilities payroll management fees franchise fees utilities etc.
Reconcile and save applicable balance sheet and bank accounts monthly and quarterly ensuring timely clearance of outstanding items.
Maintain thorough and organized support for all journal entries and accruals ensuring compliance with audit and corporate standards.
Complete weekly cash positions and post necessary cash transactions to the ledger daily.
Analyze P&L statements variance analysis and financial performance reviews to gain experience in interpreting financial data and providing actionable insights.
Provide initial analysis and commentary on financial discrepancies and trends for review by the Senior Financial Accountant helping to develop your analytical skills.
Participate in financial review meetings gaining exposure to the development of hotel financial strategies.
Perform all the monthly/quarterly balance sheet reconciliations for assigned properties ensuring each of the accounts are reconciled with appropriate supporting documentation any discrepancies are addressed in the month.
Assist with internal SOC and thirdparty audit preparation by providing accurate and comprehensive reconciliation documentation and supporting schedules.
Provide assistance in gathering due diligence documentation for transitions such as property purchases sales or refinancing
Review hotel ledger reports including the guest ledger AR aging and advanced deposit ledgers. Identify areas of concern or discrepancies in accordance with Concord policies and communicate these issues to your direct supervisor as well as the Regional VP of Operations. If the issue remains unresolved after 30 days escalate the concern to the SVP of Accounting.
Proactively identify opportunities for process improvements within the accounting workflow collaborating with the Centralized Controller and Senior Leadership to implement enhancements that improve accuracy and efficiency.
Provide training and support to the accounting team sharing best practices for maintaining compliance and ensuring financial integrity.
Participate in owner relations calls to understand owner expectations provide financial data and build relationships with property management and ownership.
Benefits of Working for Concord Hospitality:
We offer competitive wages. Fulltime associates are eligible to participate in a comprehensive benefit package which includes medical/dental/vision plans life insurance ST/LT disability options 401K options tuition assistance discounted room rates at Concord managed hotels plus training & development and career advancement opportunities.
Why Concord
Concord Hospitality invests in its associates by providing training and development at all levels from interns to executive leaders. Our Associate First culture supports and inspires personal development both within the workplace and beyond. Our associates are what our company is built on and we are proud to recognize them for their hard work dedication and commitment to excellence. We value work life balance diversity and our commitment to provide the best customer service and quality accommodations in every market we exist. Concord is built on 5 cornerstones: Quality Integrity Community Profitability and FUN! Our associates say it best with our national company cheer heard throughout North America
We Are Concord! We support diversity and inclusion through our mission to be a Great Place to Work for All.
Pay range: $25.32 $31.64
Employment Type
Full-Time
