Accounting Manager
Loews Hotels
- Hollywood, CA
- $64,480-75,000 per year
- Permanent
- Full-time
- 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.
- Provides day to day management of activities related to billing and collection functions for meeting and event groups prior to group arrival (includes scheduled advance and final deposits).
- Responsible for the accurate and timely reporting of aged accounts receivables.
- Ensures the timely resolution of client disputes contributing to aging receivable balances.
- Primary contact for client escalation meetings to resolve aged or disputed receivables.
- Responsible for facilitating monthly meetings with hotel operations reporting on the status of each individual aged account receivable balance.
- Responsible for the delivery of 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.
- Ensures proper internal controls are in place and monitored through monthly self-testing.
- Trains team members on policies and controls.
- Supports management with new implementations and improvement programs as necessary.
- Re-trains property accountants based on monthly performance metrics.
- Takes minutes and prepares an action plan based on results of quarterly balance sheet reviews with property Director of Finance, Assistant Director of Finance, and/or Regional Director of Finance.
- Identifies training opportunities; creates and presents ongoing training to team members, hotel property leadership and other key stakeholders.
- Fosters a continuous improvement culture.
- Regular attendance in conformance with standards.
- May be required to work varying schedules to reflect business needs.
- Required to attend all training sessions and meetings.
- Ability to perform "Physical Requirements" as explained below.
- Upholds all company and industry standards pertaining to PCI compliance, guest/financial/payroll confidentiality and accounting best practices.
- Other duties as assigned.
- 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 the pressure of deadlines.
- Ability to perform both standard and intermediate spreadsheet functions using Microsoft Excel.
- Proficiency in windows-based computer programs to include 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 having served as an Accounts Receivable Supervisor or Accounts Receivable Manager preferred.
- Large hotel group experience preferred.
- Opera experience preferred.
- Delphi experience preferred.