Title: Property Accounting Manager
Type: Contract or CTH
Office Location: Chicago
In-office Policy: 4 days per week in-office
Compensation: $60-$62/hr
Yrs Experience: 15+
Top Requirements/Skillsets:
- Real estate industry experience required (preferably within hospitality)
- People management experience required (managing 2-3 Accountants).
- Accounting degree required; advanced degree and/or certification preferred
Position Summary:
The Senior Accounting Manager is responsible for all aspects of accounting and reporting across 10+ full- and limited-service hotel properties, working closely with a team of 2-3 property accountants.
This position reports to the VP Accounting and will work closely with the assigned property-level teams.
Responsibilities include, but are not limited to:
- 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 timely 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 and 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 timely.
- Coordinate and manage any tax audit engagements, analysis, and resolution of audit findings and proposed tax assessments.
- Support and engage Operations Group in identifying and resolving challenges and delivering maximum efficiency in 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 annual audit by providing the necessary data and explanations requested by 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:
- 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 accounting experience in a supervisory capacity within the hospitality industry necessary
- 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.