Hotel Accounting

Keystone Hotel Group; Cincinnati (OH); On-site; USD 50,000 - 70,000; Full time

Job summary

Keystone Hotel Group is seeking a Hotel Accountant in Cincinnati, Ohio. The role involves overseeing financial operations across multiple properties, focusing on tasks such as month-end closes, bank reconciliations, and financial reporting. The ideal candidate will have experience in hotel accounting, strong analytical skills, and proficiency in accounting software like M3 and ProfitSword. Applicants should also be detail-oriented and capable of meeting strict deadlines while ensuring compliance with GAAP.

Qualifications

• Previous experience in hotel accounting or hospitality management.
• Proficiency in hotel accounting software and general ledger systems.
• Strong understanding of GAAP and USALI.

Responsibilities

• Prepare monthly profit and loss statements, balance sheets, and cash flow reports.
• Execute month-end accounting close processes accurately.
• Conduct regular bank reconciliations and balance sheet reviews.
• Oversee AP/AR processes and vendor inquiries.
• Assist in developing annual budgets and ongoing forecasts.
• Ensure compliance with tax regulations and corporate financial policies.
• Monitor daily sales reports and revenue for accuracy.

Skills

Hotel accounting experience

Proficiency in hotel accounting software

Strong analytical abilities

Attention to detail

Problem-solving skills

Tools

M3

ProfitSword

InnFlow

Excel

Job description

A Hotel Accountant for a management company oversees financial operations for multiple properties, focusing on high-volume reporting, month-end close, bank reconciliations, and balance sheet management. Key responsibilities include ensuring accuracy in accounts payable/receivable, payroll oversight, budgeting, forecasting, and adhering to GAAP compliance to ensure profitability and ownership reporting.

Key Responsibilities

• Financial Reporting & Analysis: Prepare monthly profit and loss statements, balance sheets, and cash flow reports for owners and senior management.
• Month-End Close: Execute month-end accounting close processes, ensuring all transactions are recorded accurately.
• Reconciliations: Conduct regular bank reconciliations, bank balance reviews, and reconcile balance sheet asset and liability accounts.
• Accounts Payable/Receivable: Oversee AP/AR processes, including vendor inquiries, invoice approval, invoice coding, and hotel ledger collections.
• Budgeting & Forecasting: Assist in developing annual budgets and ongoing forecasts (e.g., room revenue).
• Internal Controls & Compliance: Ensure compliance with tax regulations, internal audit procedures, and corporate financial policies.
• Daily Sales Audit: Monitor daily sales reports (POS) and property management system (PMS) revenue for accuracy.

Required Skills and Qualifications

• Experience: Previous experience in hotel accounting or hospitality management, often with multiple property management.
• Technical Skills: Proficiency in hotel accounting software (e.g., M3, ProfitSword, InnFlow), Excel, and general ledger systems.
• Knowledge: Strong understanding of GAAP (Generally Accepted Accounting Principles) and Uniform System of Accounts for the Lodging Industry (USALI).
• Soft Skills: Strong analytical abilities, high attention to detail, proactive problem-solving, and ability to meet strict reporting deadlines.