Concord Hospitality Enterprises
Financial Accountant - Concord Hospitality Enterprises, Raleigh, NC
Concord Hospitality Enterprises, Raleigh, North Carolina, United States, 27601
Overview
The Financial Accountant plays a vital role in maintaining accurate and timely financial records for an assigned portfolio of properties. Reporting directly to the Senior Financial Accountant, the primary responsibilities involve daily bookkeeping functions, including posting journal entries, managing accruals, and performing reconciliations to ensure the integrity of each hotel's balance sheets. This role ensures that all entries are properly supported, reconciliations are accurately maintained, and documentation is organized for audit purposes. The role focuses on operational accounting processes and procedures of the hotels. Responsibilities
Manage the daily bookkeeping functions, including accurate and timely journal entries for a portfolio of properties, ensuring integrity across the general ledger. Record monthly accruals for property taxes, insurance, utilities, payroll, management fees and franchise fees. Reconcilе and maintain balance sheet and bank accounts monthly and quarterly, ensuring timely clearance of outstanding items. Maintain thorough and organized support for all journal entries and accruals, ensuring compliance with audit and corporate standards. Complete weekly cash positions and post necessary cash transactions to the ledger daily. Analyze P&L statements, variance analysis, and financial performance reviews to interpret financial data and provide actionable insights. Provide initial analysis and commentary on financial discrepancies and trends for review by the Senior Financial Accountant. Participate in financial review meetings to support the development of hotel financial strategies. Perform monthly/quarterly balance sheet reconciliations for assigned properties with supporting documentation; address discrepancies in the month. Assist with internal, SOC and third-party audit preparation by providing accurate reconciliation documentation and supporting schedules. Provide assistance in gathering due diligence documentation for transitions such as property purchases, sales, or refinancing Review hotel ledger reports (guest ledger, AR aging, and advanced deposit ledgers) and identify discrepancies; communicate issues to supervisor and escalate as needed per policy. Identify opportunities for process improvements within the accounting workflow and collaborate with leadership to implement enhancements that improve accuracy and efficiency. Provide training and support to the accounting team, sharing best practices for compliance and financial integrity. Participate in owner relations calls to understand owner expectations, provide financial data, and build relationships with property management and ownership. Benefits
We offer competitive wages. Full-time associates are eligible for a comprehensive benefits package, including medical/dental/vision plans, life insurance, short/long-term disability, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training and development and career advancement opportunities. Why Concord?
Concord Hospitality invests in its associates by providing training and development at all levels. Our Associate First culture supports personal development both within the workplace and beyond. We value work-life balance, diversity, and our commitment to providing the best customer service and quality accommodations. Concord emphasizes five cornerstones: Quality, Integrity, Community, Profitability and FUN. We are proud to recognize our associates for their hard work and commitment to excellence; we foster a diverse and inclusive environment. Pay range: $25.32 - $31.64 Job details
Seniority level: Entry level Employment type: Full-time Job function: Accounting/Auditing and Finance Industries: Hospitality
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The Financial Accountant plays a vital role in maintaining accurate and timely financial records for an assigned portfolio of properties. Reporting directly to the Senior Financial Accountant, the primary responsibilities involve daily bookkeeping functions, including posting journal entries, managing accruals, and performing reconciliations to ensure the integrity of each hotel's balance sheets. This role ensures that all entries are properly supported, reconciliations are accurately maintained, and documentation is organized for audit purposes. The role focuses on operational accounting processes and procedures of the hotels. Responsibilities
Manage the daily bookkeeping functions, including accurate and timely journal entries for a portfolio of properties, ensuring integrity across the general ledger. Record monthly accruals for property taxes, insurance, utilities, payroll, management fees and franchise fees. Reconcilе and maintain balance sheet and bank accounts monthly and quarterly, ensuring timely clearance of outstanding items. Maintain thorough and organized support for all journal entries and accruals, ensuring compliance with audit and corporate standards. Complete weekly cash positions and post necessary cash transactions to the ledger daily. Analyze P&L statements, variance analysis, and financial performance reviews to interpret financial data and provide actionable insights. Provide initial analysis and commentary on financial discrepancies and trends for review by the Senior Financial Accountant. Participate in financial review meetings to support the development of hotel financial strategies. Perform monthly/quarterly balance sheet reconciliations for assigned properties with supporting documentation; address discrepancies in the month. Assist with internal, SOC and third-party audit preparation by providing accurate reconciliation documentation and supporting schedules. Provide assistance in gathering due diligence documentation for transitions such as property purchases, sales, or refinancing Review hotel ledger reports (guest ledger, AR aging, and advanced deposit ledgers) and identify discrepancies; communicate issues to supervisor and escalate as needed per policy. Identify opportunities for process improvements within the accounting workflow and collaborate with leadership to implement enhancements that improve accuracy and efficiency. Provide training and support to the accounting team, sharing best practices for compliance and financial integrity. Participate in owner relations calls to understand owner expectations, provide financial data, and build relationships with property management and ownership. Benefits
We offer competitive wages. Full-time associates are eligible for a comprehensive benefits package, including medical/dental/vision plans, life insurance, short/long-term disability, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training and development and career advancement opportunities. Why Concord?
Concord Hospitality invests in its associates by providing training and development at all levels. Our Associate First culture supports personal development both within the workplace and beyond. We value work-life balance, diversity, and our commitment to providing the best customer service and quality accommodations. Concord emphasizes five cornerstones: Quality, Integrity, Community, Profitability and FUN. We are proud to recognize our associates for their hard work and commitment to excellence; we foster a diverse and inclusive environment. Pay range: $25.32 - $31.64 Job details
Seniority level: Entry level Employment type: Full-time Job function: Accounting/Auditing and Finance Industries: Hospitality
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