IFG-US is partnering with a client seeking a Regional Accounting Manager. The Accounting Manager is responsible for all aspects of accounting and reporting across 10+ full- and/or limited-service hotel properties, working closely with a team of 2-3 property accountants. This position reports to the VP of Accounting and will work closely with their assigned property-level teams.
Location: Chicago, IL
Work Schedule: Hybrid (4 days in-office per week)
Compensation: $125K-$140K base plus 12% annual bonus (3% paid quarterly)
The ideal candidate has real estate experience (preferably in hospitality) and people management experience.
Key Responsibilities:
- Develop and supervise a team of 2- 3 property accountants, including training, directing and reviewing work, managing schedules and administering performance reviews.
- Responsible for ensuring the accounting tasks are performed accurately and promptly for month-end close and as necessary for other transactions (debt service, renovations/capital, etc). The financial statements are maintained on either a GAAP basis or the income tax basis of accounting.
- Identify and implement internal control procedures to ensure proper segregation of duties and safeguard company/owner assets.
- Manage all aspects of cash flow, including reporting and projecting weekly cash requirements, processing vendor payables, payroll, debt service, and other such tasks.
- Perform Treasury management tasks in the online banking portal to initiate electronic payments and banking activity.
- Responsible for ensuring monthly agency taxes are computed and reported accurately and promptly. Coordinate and manage any tax audit engagements, analysis, and resolution of audit findings and proposed tax assessments.
- Support and engage the Operations Group in identifying and resolving challenges and in delivering maximum efficiency across the accounting and finance functions.
- Identify and analyze lease transactions for proper accounting treatment.
- Assist, manage, and track capital assets from purchases and/or in-house renovation projects. Establish and track depreciation.
- Support the annual audit by providing the requested data and explanations to auditors.
- Assist in the development of annual budgets.
- Compile statistical, financial, accounting, and auditing reports.
- Read, report, and analyze cash receipts, expenditures, profits, and losses.
- Comply with federal, state, and company laws, policies, and regulations.
Requirements:
- The ideal candidate will possess exceptional organizational skills, including effective task delegation, time management, and the ability to manage multiple priorities in a fast-paced environment.
- Previous supervisory accounting experience in the hospitality industry is required.
- Must have strong diplomacy and communication skills, with the ability to build effective relationships with senior managers, team members, and guests.
- Strong skills for analysis and problem-solving.
- Effective leadership skills with the ability to hire, train, coach, guide, reward, and develop staff– with emphasis on continuous improvement in guest service quality.
- Strong administrative skills, including business writing, mathematics for basic accounting, and knowledge of Microsoft Office programs.
- Ability to sit for hours at a time.
- Bachelor’s Degree from a college or university preferred.