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Vaco by Highspring

Staff Accountant

Vaco by Highspring, New York, New York, us, 10261

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Director of Recruiting @ Vaco | Talent Acquisition Expert Client:

Luxury Hotel/Hospitality Organization

Role:

Staff Accountant

Salary:

$80,000 - $90,000/annually

Location:

Union Square, NY (*5 days a week onsite*)

Key Responsibilities

General Accounting & Reporting

Perform daily, weekly, and monthly reconciliations of bank accounts, general ledger accounts, and balance sheet accounts.

Prepare and post journal entries, ensuring accuracy and proper documentation in compliance with GAAP and hotel policies.

Assist in the preparation of monthly financial statements, ensuring timely and accurate reporting to management.

Analyze and reconcile discrepancies in financial records, investigating variances and providing explanations.

Support the preparation for internal and external audits.

Maintain fixed asset records, including depreciation and amortization schedules.

M3 Software Utilization

Expertly utilize the M3 Accounting Software platform for all primary accounting functions, including general ledger management, accounts payable, accounts receivable, and financial reporting.

Ensure accurate data entry and integrity within the M3 system.

Generate custom reports and financial analyses from M3 to support operational decision-making.

Maintain familiarity with M3 updates and best practices to maximize system efficiency.

Hotel Operations Support

Manage the accounts payable function, including processing invoices, obtaining approvals, and issuing payments, often involving high-volume vendor management specific to luxury hotel operations (e.g., procurement for high-end F&B, spa services, high-touch guest amenities).

Oversee the accounts receivable process, including posting receipts, following up on outstanding balances (group bookings, direct billing, etc.), and managing travel agency commissions.

Support the Income Audit process, ensuring accurate revenue recording from Point-of-Sale (POS) systems and Property Management Systems (PMS) integration with M3.

Assist in budget preparation and monitoring departmental expenses against budgeted amounts.

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