Accounting Manager

Job Description:

Role: Accounting Manager

Location: Los Angeles, CA

Job type: Full Time

Key Responsibilities:

· Audit Revenue Transactions: Audit and verify all revenue transactions, ensuring adherence to hotel policies and local procedures.

· Audit outlet reports and reconcile them with Opera and Peoplevine for accuracy.

· Control and reconcile daily sales in the outlets.

· Audit Food & Beverage and all other hotel revenue, along with Membership revenues verifying for accuracy and investigate variances.

· Reconciliation of credit card settlements.

· Investigate and respond to chargebacks.

· Prepare daily and monthly revenue reports for management.

· Reconcile third-party revenue with Opera, Peoplevine & Micros and facilitate final settlements.

· Train Front Office Reception staff on postings, accounting, and system-related issues.

· Check the Tax Report and ensure accuracy, reporting discrepancies as needed.

· Daily and Monthly Reporting: Prepare and distribute daily and monthly revenue reports to management.

· Reconciliation: Ensure reconciliation between trial balances, Night Auditor figures, and Micros Revenue Reports.

· Spot Checks: Conduct physical spot checks in all outlets to verify revenue accuracy.

· Prepare full set of Month End Journal Entries.

· Review Monthly Profit & Loss Statement for any significant variances.

· Night Audit Review: Analyze the night audit work for accuracy and completeness, verifying allowances and miscellaneous postings for proper authorization and coding. Prepare the daily revenue report.

· Trial Balance Audit: Audit the trial balance, investigate discrepancies, and report findings to the Director of Finance.

· Collaboration: Collaborate with Front Office (FO), Membership, and Food & Beverage (F&B) teams to ensure accurate postings and resolve discrepancies.

· Daily Gross Revenue Report: Create, review, and distribute a daily Gross Revenue Report for management.

· Prepare Daily Labor reports to distribute with the Daily Revenue Report to the management.

· Assist with preparation of Tips Distribution report on a bi-weekly basis.

· Revenue Verification: Verify revenue from Rooms, Food and Beverage, and other operational departments and rectify discrepancies.

· Audit system reports for accuracy and unusual transactions, verifying all adjustments and corrections.

· Timely Reporting: Ensure timely preparation and distribution of daily revenue reports.

· Discounted/Complimentary Checks: Verify all Food and Beverage discounted/complimentary checks are justified and properly recorded in the POS system.

· Monthly preparation of the Occupancy Tax reported to the City of West Hollywood.

· Quarterly reporting of the Sales and Use Taxes to the California Department Tax and Fee Administration.

· Assist Director of Finance in preparation of the various monthly reports for Investors and Lenders (Profit and Loss Statement, Balance Sheet, Forecast, A/R and A/P Ledgers, Membership Stats, STR Reports, etc).

· Additional Tasks: Undertake any other accounting work assigned by the Director of Finance. Familiarize yourself with hotel Income Audit Finance policies.

Qualifications:

· B.S. or B.A. in Accounting or related Business field from an accredited university.

· General understanding of GAAP principles and requirements.

· Minimum 4 years of business related experience as and accounting Manager / Staff Accountant or higher; hospitality industry preferred.

· System Proficiency: Be well-versed in hotel systems, including P.M.S. (Property Management System), P.O.S. (Point of Sale), and financial systems such as Opera, Micros, and R365 System.

· Must have thorough knowledge of general accounting and financial reporting standards, financial aptitude, and number crunching skills.

· System Proficiency: Be well-versed in hotel systems, including P.M.S. (Property Management System), P.O.S. (Point of Sale), and financial systems such as Opera, Micros, and R365 System.

· Must be able to effectively communicate to management, co-workers, and subordinates with the English language, inclusive of reading, writing, and speaking.

· Must possess excellent interpersonal and organizational, and analytical skills.

· Must be able to sustain composure, remain calm, and possess a positive attitude.

· Must be able to focus and act with great detail, speed and accuracy.

· Must be a team player with the ability to work under minimal supervision.

· Must be able to exercise confidentiality and discretion.

Job Type: Full-time

Pay: $95,000.00 - $110,000.00 per year

Benefits:

401(k)
401(k) matching
Dental insurance
Flexible schedule
Health insurance
Paid time off
Vision insurance