Accounting Manager

$64,480 - $75,000/Yr

Disability Solutions - Los Angeles, CA

Full-time - Mid Level

Los Angeles, CA

Administrative and Support Services

About the position

The Accounting Manager at Loews Hollywood Hotel plays a crucial role in overseeing day-to-day accounting activities, ensuring compliance with internal control procedures, and facilitating effective communication between operations and shared service operations. This position is responsible for the accurate and timely completion, review, and analysis of financial reports and transactions. The Accounting Manager will provide essential support in billing and collection processes, manage aged accounts receivables, and resolve client disputes effectively. In this role, the Accounting Manager will oversee the billing and collection functions for meeting and event groups, ensuring that all activities are conducted in accordance with contractual payment terms. The position requires the preparation and posting of journal entries, timely completion of month-end close processes, and accurate monthly balance sheet reconciliations. The Accounting Manager will also be responsible for training team members on policies and controls, fostering a culture of continuous improvement, and supporting management with new implementations and improvement programs. Regular attendance and participation in training sessions and meetings are required, along with the ability to adapt to varying schedules based on business needs. The Accounting Manager will also be involved in reviewing property labor, preparing reports for labor meetings, and managing union labor reporting processes to ensure compliance with union requirements. This position is integral to maintaining the financial integrity of the hotel and ensuring that all accounting practices adhere to industry standards and best practices.

Responsibilities

• Provides day to day oversight and support of accounting services.
• Directs or completes the activities for the billing and collection of receivables in accordance with contractual payment terms.
• Manages activities related to billing and collection functions for meeting and event groups prior to group arrival.
• Responsible for the accurate and timely reporting of aged accounts receivables.
• Ensures the timely resolution of client disputes contributing to aging receivable balances.
• Facilitates monthly meetings with hotel operations reporting on the status of each individual aged account receivable balance.
• Delivers services to clients and hotels within defined service level standards.
• Ensures daily cash consolidation reporting is timely and accurate.
• Ensures monthly bank reconciliations are timely, compliant, and accurate.
• Prepares and posts journal entries.
• Ensures month-end close is performed timely, compliant, and accurate.
• Ensures monthly balance sheet reconciliations are timely, compliant, and accurate.
• Monitors proper internal controls through monthly self-testing.
• Trains team members on policies and controls.
• Supports management with new implementations and improvement programs as necessary.
• Identifies training opportunities and creates ongoing training for team members and hotel property leadership.
• Fosters a continuous improvement culture.
• Reviews property labor ensuring all time is approved and errors are resolved.
• Prepares deductions files and uploads Operations earnings to the Labor Management system.
• Reconciles Operational activities to weekly payroll records.
• Reviews payroll registers weekly to validate earnings and deductions and to identify unusual items.
• Coordinates with Operations to resolve discrepancies as needed.
• Uploads and inputs weekly forecast amounts into Labor Management system.
• Prepares reports for weekly Labor Meetings.
• Prepares monthly reports for union payments.
• Manages union labor reporting process to ensure compliance with union requirements.
• Assists in month-end closing, preparing journal entries for labor-related processes.
• Evaluates labor-related controls as part of bi-annual control self-assessments.

Requirements

• Ability to work cooperatively with others.
• Ability to maintain confidentiality.
• Ability to read, write and speak English effectively.
• Ability to communicate effectively both written and verbally.
• Ability to work effectively, maintain composure and make decisions in stressful situations.
• Ability to organize workload, adapt quickly to change, and deliver under pressure of deadlines.
• Ability to perform both standard and intermediate spreadsheet functions using Microsoft Excel.
• Proficiency in windows-based computer programs including e-mail, internet, and word processing applications.
• Strong computer skills and ability to learn new computer applications.
• General knowledge of mathematics and accounting principles.
• 2-5 years accounting experience required.
• Bachelor's in Accounting preferred.
• Hospitality finance experience preferred.
• Previous management experience preferred.
• Previous experience as an Accounts Receivable Supervisor or Accounts Receivable Manager preferred.
• Large hotel group experience preferred.
• Opera experience preferred.
• Delphi experience preferred.

Nice-to-haves

• Hospitality finance experience preferred.
• Previous management experience preferred.
• Previous experience as an Accounts Receivable Supervisor or Accounts Receivable Manager preferred.
• Large hotel group experience preferred.
• Opera experience preferred.
• Delphi experience preferred.

Benefits

• Salary range for this position is $64,480.00 to $75,000.00 based on experience.