Accounting Manager Hospitality

Accounting Manager

Work location: This position will work in Hampton Bays 4 days a week and 1 day in Plainview, NY.

Job Purpose:

This position will play a crucial role in the monthly financial reporting, budgeting and compliance of; Hotel, Catering and Restaurant responsibilities. This position involves supporting the Hotel and F&B General Managers and ownership. The ideal candidate will have a hospitality industry background in finance, accounting, and excellent analytical skills.

Essential Duties and Responsibilities:

· Maintain compliance to ensure consistent and efficient financial processes.

· Financial Reporting: Preparation and analysis of consolidated financial statements, including income statements, balance sheets, and cash flow statements. Ensure reports are accurate and delivered on time.

· Budgeting and Forecasting: Contribute to the development and monitoring of annual budget. Provide monthly financial forecasts and analyses to support strategic planning and decision-making.

· Audit and Compliance: Support internal and external audits by preparing necessary documentation and addressing audit inquiries. Ensure compliance with financial policies, procedures, and regulations.

· Financial Analysis: Conduct detailed financial analyses to assess performance trends and identify areas for improvement. Provide actionable insights to management. Speak to actual vs budget variances.

· Revenue Center Organization: All cash to be maintained in accordance with requirements from ownership/lenders.

Other Responsibilities:

· Review daily sales journal (income journal) and review with leadership during weekly meetings.

· Assist with preparation and review monthly balance sheet reconciliations with appropriate back up according to auditing standards.

· Prepare monthly consolidated cash flow statements and forecasts.

· Coordinate with accounting teams of third parties (Hotel, F&B, Spa, HOA, Property Operations/Ownership) with respect to generating consolidated statements, budgets, etc.

· Reconcile credit cards to ledger accounts and aging reports on a weekly basis.

· Files sales tax returns, ensure that the taxes posted correspond to the revenues generated for each category, research and reconcile exceptions.

· Alert ownership and management of any unusual operation or financial occurrences and/or significant deviations from policies and procedures.

· Respond to governmental inquiries upon receipt.

· Attendance at meetings/training as required by management.

· Perform other duties as requested by ownership and management.

Education & Experience:

· Bachelor’s degree in accounting or finance.

· Four years or more of accounting work experience in the hospitality industry (i.e., chart of accounts, maintain general ledger accounts, reconciliations, monthly closings).

· Proficiency in financial software and systems (e.g., Microsoft Office, Excel, Accounting Software)

· Experience with hospitality accounting and business analytics software required.