Accountant at WW Luxury Apartments

Job Summary:

The Hotel Accountant is responsible for maintaining the financial records of the hotel, ensuring accurate reporting, and managing financial transactions. This role involves preparing financial statements, overseeing accounts payable and receivable, budgeting, and assisting with audits. The Hotel Accountant plays a crucial role in financial planning, monitoring hotel performance, and ensuring compliance with financial regulations.

Key Responsibilities:

Financial Record Keeping:

• Maintain accurate financial records and ensure all transactions are documented.
• Process accounts payable and receivable, ensuring timely payments and collections.

Financial Reporting:

• Prepare and analyze financial statements, including balance sheets, income statements, and cash flow reports.
• Generate monthly, quarterly, and annual financial reports for management review.

Budgeting and Forecasting:

• Assist in the preparation of the annual budget and financial forecasts.
• Monitor financial performance against the budget and provide insights to management.

Audit and Compliance:

• Support internal and external audits by providing necessary documentation and explanations.
• Ensure compliance with financial regulations, policies, and procedures.

Revenue Management:

• Collaborate with the revenue management team to analyze revenue trends and maximize hotel profitability.
•  Maintain accurate records of all revenue-generating activities.

Financial Analysis:

• Conduct financial analysis to identify trends, variances, and areas for improvement.
• Provide recommendations for cost control and operational efficiency.

Tax Compliance:

• Ensure timely payment and filing of all federal, state, and local taxes.
• Maintain records for tax compliance and assist with tax audits as required.

Cost Control:

• Monitor expenses and implement cost control measures to enhance profitability.
• Work with department heads to identify budgeting needs and cost-saving opportunities.

Software Oversight:

• Utilize hotel management and accounting software efficiently for record-keeping and reporting purposes.
• Stay updated on accounting best practices and technologies relevant to the hospitality industry.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field; ICAN or ANAM designation is a plus.
• Minimum of 5 years of experience in hotel management or a similar role
• Proven experience in accounting or finance, preferably within the hospitality industry.
• Strong knowledge of accounting principles and financial regulations.
• Proficiency in accounting software (e.g., QuickBooks, Sage, or hospitality-specific software) and MS Office Suite.
• Excellent analytical, organizational, and problem-solving skills.
• Strong attention to detail and accuracy.

Working Conditions:

The Hotel Accountant typically works in an office environment within the hotel, and may occasionally need to interact with various departments. The position may require extended hours during peak times such as month-end closing and audits.