Accounting Manager

$75,000 - $85,000/Yr

Highgate Hotels - New York, NY

Full-time - Mid Level

New York, NY

Administrative and Support Services

About the position

The Accounting Manager at Highgate Hotels is a pivotal role responsible for providing consistent leadership in the financial operations of the hotel. This position requires a strong focus on profitability, accurate and timely financial reporting, and ensuring compliance with all federal, state, and local regulations. The Accounting Manager will safeguard the assets of owners and investors while also providing guidance and training to management. The role is situated in the heart of Manhattan's Times Square, within the iconic Row NYC hotel, which has recently undergone a significant transformation. The hotel boasts 1,331 newly built guestrooms and is surrounded by numerous attractions, making it a vibrant place to work. In this role, the Accounting Manager will effectively manage cash flow issues, ensuring the accurate and timely preparation of monthly financial statements, including cash flow statements and management of receivables and payables. The manager will monitor hotel revenues and expenses, ensuring they are recorded in accordance with Highgate Hotels' established guidelines. Additionally, the Accounting Manager will create annual budgets, conduct monthly variance analysis, and investigate variances to budget or prior years, offering practical improvement methodologies to management. The position also involves ensuring compliance with all regulatory licenses and permits, leases, contracts, and operational taxes. The Accounting Manager will analyze financial data to assist management in maintaining the hotel's financial objectives and will comply with standard accounting policies and procedures. This includes timely reviews and approvals of balance sheet accounts, establishing internal financial controls, and successfully completing all internal and external financial audits. Moreover, the Accounting Manager will be responsible for hiring, training, supervising, and developing staff, ensuring compliance with Highgate Hotels' standards and regulations. The role requires timely interaction with Executive Committee members to ensure property operations are on track and under control. The Accounting Manager will also execute special projects and responsibilities as assigned, making this a dynamic and engaging position within the hotel.

Responsibilities

• Effectively manage and communicate cash flow related issues, including preparation of monthly financial statements.
• Monitor hotel revenues and expenses, ensuring accurate recording according to established guidelines.
• Create annual budgets and conduct monthly variance analysis, investigating variances and offering improvement methodologies.
• Ensure compliance with all regulatory licenses, permits, leases, contracts, and operational taxes.
• Analyze financial data to assist management in maintaining 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 bank reconciliations.
• Establish and audit internal financial controls including purchasing, cash handling, and payroll.
• Complete all internal and external financial audits, coordinating with CPA firms.
• Hire, train, supervise, and develop staff, including coaching and discipline.
• Maintain compliance with Highgate Hotels' standards and regulations.
• Direct or prepare all financial reports in accordance with requirements, meeting deadlines.
• Monitor compliance in meeting report deadlines 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 experience; or a 2-year college degree and a minimum of 4 years of related experience.
• Proficient in Windows, company-approved spreadsheets, and word processing, as well as hotel-specific systems.
• Ability to maintain a warm and friendly demeanor at all times.
• Effective verbal and written communication skills with all levels of employees and guests.
• Ability to multitask and prioritize departmental functions to meet deadlines.
• Effective problem-solving skills, including anticipating and identifying issues.
• Ability to understand and evaluate complex information and maintain confidentiality.

Nice-to-haves

• Experience in a high-volume hotel environment.
• Familiarity with hospitality accounting software.
• Strong analytical skills and attention to detail.

Benefits

• Competitive salary range of $75,000 - $85,000.
• Opportunities for professional development and training.
• Health insurance coverage.
• Paid time off and holidays.
• Employee discounts at Highgate Hotels.