FINANCIAL RETURNS Assist in managing revenues received and dispersed including accounts receivable, accounts payable, and payroll, audit, General Ledger reporting, and cash handling functions for the hotel. Implement and maintain acceptable accounting practices and procedures as required by company policy and procedures, generally accepted accounting practices, and as effected by local conditions. Prepare financial analyses of hotel operations including variance explanation and make recommendati... more details
FINANCIAL RETURNS
Assist in managing revenues received and dispersed including accounts receivable, accounts payable, and payroll, audit, General Ledger reporting, and cash handling functions for the hotel. Implement and maintain acceptable accounting practices and procedures as required by company policy and procedures, generally accepted accounting practices, and as effected by local conditions.
Prepare financial analyses of hotel operations including variance explanation and make recommendations to ensure the achievement of business goals.
Assist in the preparation of budgets and financial forecasts and reporting.
Develop and implement financial control procedures and systems; maintain documents for audits of hotel accounts; ensure compliance with government regulations, federal, state and local laws, to include EEOC, Wage and Hour, union contracts, etc. Independently comply with record retention requirements.
Assists with the review of operating equipment stores to avoid unnecessary/excessive purchases and to eliminate (or at least be aware) of obsolete slow moving items.
Assists with ensuring all accounts are reconciled on monthly basis, review and approve those reconciliation’s.
Assists with ensuring payments are made to IHG (All Fees and billings) as fast as possible.
PEOPLE
Work with other management personnel to establish and implement hotel service standards to achieve maximum profitability and efficiency.
Promote teamwork and quality service through daily communication and coordination with other departments. Key departmental contacts include hotel department heads in all departments and Directors of Area or Regional Hotel Finance to obtain/provide information.
Interact with outside contacts:
Guests – to provide service, send bills and collect payment
Vendors – to pay bills or discuss pricing or billing issues; to ensure proof of insurance
Hotel legal counsel – to obtain legal advice as needed
Insurance companies, tax consultants, auditors, commercial and government banks – to collaborate on ongoing financial issues for the hotel
HMG accounting staff – to coordinate financial/accounting information, budget preparation, clarify issues and resolve problems.
Other contacts as needed (Professional organizations, community groups)
GUEST EXPERIENCE
Respond quickly to guest requests in a friendly manner. Follow up to ensure guest satisfaction.
RESPONSIBLE BUSINESS
Assists with the distribution of forecast information as an up to date management tool for operating departments.
Assist in the management of day-to-day operations and assignments of Accounting staff, plan and organize work, communicate goals, and schedule/assign work. Advise staff of formal policies and procedures, identifying options and resolving issues. Alert management of potentially serious issues.
May serve as “manager on duty” as required.
May process payroll or verify payroll dollars and reports in a decentralized environment.
May authorize purchase requests as needed.
May assist with other duties as assigned including assisting staff with their job functions.
aCCOUNTABILITY
This job acts as the primary financial contact at the base hotel in a clustered environment, reporting to the Dir Area Hotel Finance and making decisions in his/her absence. Typically supervises clerical and professional accounting employees in a full range of functions such as Accounts Payable, Accounts Receivable, Credit/Collections, Purchasing, Audit, Payroll, and/or Accounting Operations.
QUALIFICATIONS AND REQUIREMENTS
Bachelor’s degree in Accounting, Finance or equivalent and 2+ years in hotel accounting or audit with experience in a supervisory role, or an equivalent combination of education and work-related experience. CPA preferred. Must speak fluent English.
This job requires ability to perform the following:
Carrying or lifting items weighing up to 25 pounds
Communicating with other people
Other:
Mathematical skills, including basic math, budgeting, profit/loss concepts, percentages, and variances are utilized frequently.
Problem solving, reasoning, motivating, organizational and training abilities are used often.
Reading abilities are used often in reviewing financial analyses, budgets, and other related reports. Writing abilities are used in compiling these financial reports, as well as to document.
May be required to work nights, weekends, and/or holidays.
The statements in this job description are intended to describe the essential nature and level of work being performed. They are not intended to be ALL responsibilities or qualifications of the job.
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