1 Job in Stockbridge, MA
Main Street Hospitality is Hiring a Property Accountant Near Stockbridge, MA
Job Location
Main Street Hospitality - Stockbridge, MA
Position Type
Full Time
Education Level
High School
Travel Percentage
None
Job Shift
Day
Job Category
Accounting
Description
Job Purpose:
The Property Accountant is responsible for all accounting functions related to assigned hotels and will be the finance department point of communication for the hotels' General Managers. Overall duties include all aspects of financial accounting, budgeting and forecasting, daily and monthly closings, posting all subsidiary monthly journals, balance sheet reconciliations, leading month end closing process, and production of monthly P&L and owners' packages. The Property Accountant also works closely with property level managers and / or accounting specialists in the fulfillment of the needed accounting procedures at the assigned hotels.
Essential Duties and Responsibilities:
- Maintain compliance with Main Street Hospitality standards and regulations to ensure safe, consistent and efficient financial processes of a portion of the company's hotel portfolio.
- Post daily sales journal (income journal) after balancing audit reports to settlements, through interface of property PMS and company accounting software.
- Prepare and post monthly journal entries for banking and subsidiary journals (miscellaneous revenues, house S & P adjustments, gift cards).
- Prepare monthly P&L's for assigned properties.
- Work with General Managers on annual budgets and mid-year forecasts.
- Prepare monthly balance sheet reconciliations with appropriate back up according to auditing standards.
- Prepare monthly cash flow statements, and work with MSH Treasury department on rolling calendar cash forecasts for assigned properties.
- Audit and reconcile all front desk and food and beverage cashiering.
- Audit, reconcile credit cards; reconcile city ledger accounts on a weekly basis, compared to property monthly aging report.
- Validate tax calculations in the sales journal and ensure that the taxes posted correspond to the revenues generated for each category; research and reconcile exceptions.
- Alert management of any unusual operation or financial occurrences and/or significant deviations from policies and procedures.
- Maximize productivity, identify problem areas, and assist in finding and implementing solutions.
- Respond to governmental inquiries upon receipt.
- Attend meetings/trainings as required by management.
- Perform other duties as requested by management.
- Maintain high level of office organization by daily filing and routing of all job-related duties.
- Any other tasks assigned by the VP of Finance.
- High School diploma or equivalent and/or related experience in a hotel or a related field preferred
- College degree in accounting, finance or equivalent preferred
- At least three to five years general accounting work experience (i.e., chart of accounts, maintain general ledger accounts, reconciliations, monthly closings)
- Ability to understand and utilize basic computer equipment and applications, to include spreadsheet applications, accounting and analytics software and HRIS technologies
- Experience with hospitality accounting and business analytics software preferred
- Work with and understand financial information, data, and complex arithmetic functions.
- Ability to clearly convey information and ideas.
- Ability to assimilate complex information, data, etc., from disparate sources and consider, adjust, or modify to meet the constraints of the need.
- Maintain composure and objectivity under pressure.
- Effectively handle problems in the workplace, including anticipating, preventing, identifying, and solving problems as necessary.
- Work with and understand financial information, data, and complex arithmetic functions.
- Willing to listen, understand, clarify and resolve the concerns or issues raised by co-workers, vendors and hotel staff associates and customers.
- Ability to prioritize job functions to meet established deadlines
- Maintain regular attendance in compliance with Main Street Hospitality standards, as required by scheduling, which will vary according to the needs of the assigned hotels
- Flexible and long hours sometimes required
- Sedentary work - Exerting up to 20 pounds of force occasionally, and/or a negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects
EEO Statement: Main Street Hospitality is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, or any other characteristic protected by law.
Job Summary
Full Time
$60k-73k (estimate)
05/01/2024
05/14/2024
mainstreethospitalitygroup.com
POUGHKEEPSIE, NY
<25
2013
<$5M
Accommodations
Related Companies
About Main Street Hospitality
Main Street Hospitality is a hospitality ownership and management company based in Stockbridge, Mass We are owners, operators, developers and designers of unique hotels . We love buildings with a story. Places that have endured the test of time, and new ones that are built to last. We believe in preserving things that matter. We love places with soul and purpose.
The following is the career advancement route for Property Accountant positions, which can be used as a reference in future career path planning. As a Property Accountant, it can be promoted into senior positions as a Bookkeeping Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Property Accountant. You can explore the career advancement for a Property Accountant below and select your interested title to get hiring information.
If you are interested in becoming a Property Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Property Accountant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Property Accountant job description and responsibilities
Property accountants prepare, maintain, and review financial records, commercial property agreements, residential property agreements, and deal with some rentals.
04/12/2022: San Antonio, TX
Most property accountants maintain ledgers of accruals and expenditures that document debits and credits during monthly, quarterly and yearly periods.
03/10/2022: Springfield, MA
A property accountant for a hotel chain might also produce profit and loss reports during the same periods.
02/24/2022: Longview, TX
Administer all lease processes and evaluate all activities and prepare required reports for same and ensure accuracy of all data tenant ledgers and coordinate with property manager and evaluate all reports on monthly basis.
01/25/2022: Tulsa, OK
Property accountants are responsible for the daily accounting operations on public properties.
03/27/2022: Bakersfield, CA
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Property Accountant jobs
Often, property accountants who manage apartment building finances submit applicants' credit applications to credit bureaus and analyze reports to determine the creditworthiness of the applicants.
03/18/2022: Providence, RI
Some property accountants oversee the finances of maintenance and repair expenditures.
03/17/2022: Raleigh, NC
Some property accountants oversee the sale of properties, working with commercial real estate agents and performing mortgage-closing duties.
03/13/2022: Somerset, NJ
Property accountants complete general ledger entries and manage cash balances.
02/26/2022: Springfield, IL
Property accountants assist with the preparation of documents for annual audits and tax filing processes.
01/23/2022: Portsmouth, OH
Step 3: View the best colleges and universities for Property Accountant.
