Manager, Joint Venture Accounting

Dufry Careers; Bethesda (MD); On-site; USD 85,000 - 101,000; Full time

Benefits offered by this job

Health insurance

PTO (paid time off)

Meal & Transportation benefits

401(k) match

Employee assistance program

Training & growth opportunities

Referral program

Job summary

Avolta, including Dufry, HMSHost Corporation, Hudson, and affiliates, seeks a Manager of Joint Venture Accounting to oversee financial reporting, distributions, and compliance for joint ventures based at the F&B Center of Excellence in Bethesda, MD.

You will manage monthly JV statements, partner distributions, and management fees, while coordinating audits with external firms and supporting JV onboarding and restructuring activities.

Qualifications

• Requires 3-6 years of experience in an accounting environment.
• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• CPA, CMA, or MBA preferred.
• Joint Venture accounting experience a plus.
• In the industry: 3-5 years of Hospitality, F&B and/or Retail experience.
• Training that leads to a clear and thorough understanding of IFRS reporting.
• Strong financial acumen, including the ability to prepare and analyze financial statements and financial models.
• Advanced Microsoft Excel skills.
• Advanced ERP skills with SAP.

Responsibilities

• Collaborates with JV partners relating to contractual financial terms, including financial reporting, cash distributions, loans and other accounting matters.
• Maintains JV accounting policies, processes, and workflows; streamlines internal processes to gain efficiencies and maintain sound internal controls.
• Prepares monthly financial statements for all joint ventures.
• Responsible for calculation of partner distributions and management fees.
• Manages JV receivables and notes; monitors collections, and risk assessment.
• Reviews annual JV tax packages.
• Reconciles minority interest payable, loan balances and other JV balance sheet accounts.
• Assists with audits of joint ventures with Deloitte and prepares related audit schedules.
• Interacts with Legal, Business Development and Operations Management on JV matters.
• Supports onboarding of new joint ventures and restructuring activities.

Skills

Excel

SAP

Financial modeling

Accounting

Education

Bachelor's degree in Accounting/Finance/Business Administration

CPA, CMA, or MBA preferred

Tools

SAP ERP

Job description

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With a career at HMSHost, you really benefit! We Offer

• Health, dental and vision insurance
• Generous paid time off (vacation, flex or sick)
• Meal and Transportation Benefits
• *401(k) retirement plan with company match
• Employee assistance program
• Training and exciting career growth opportunities
• Referral program – refer a friend and earn a bonus

*Benefits may vary by position so ask your recruiter for details.

Airport Location:Corporate Accounting
Advertised Compensation:$85,400.00to $100,500.00

Purpose: The purpose of the Manager of Joint Venture (JV) Accounting is to assist all aspects of accounting for joint ventures. The responsibilities include financial reporting, profit sharing and cash distribution calculations, management fees calculations, loan tracking, maintaining compliance with financial terms of JV contracts, assist in audits with external auditors, and reconciling all related general ledger account, as mandated by JV agreements.

Essential Functions:

• Collaborates with JV partners relating to contractual financial terms, which primarily includes financial reporting, cash distributions, loans and other accounting matters
• Maintains JV accounting policies, processes, and workflows; streamlines internal processes to gain efficiencies and maintain sound internal controls
• Prepares monthly financial statements for all joint ventures
• Responsible for calculation of partner distributions and management fees
• Manages JV receivables and notes; monitors collections, and risk assessment
• Reviews annual JV tax packages
• Reconciles minority interest payable, loan balances and other JV balance sheet accounts
• Assists with audits of joint ventures with Deloitte and prepares related audit schedules
• Interact with Legal, Business Development and Operations Management on joint ventures related matters
• Support onboarding of new joint ventures and restructuring activities

Reporting Relationship: This position reports to the Director Joint Venture Accounting

Major Interdependencies: Operations, Legal, Business Development, Business Development Finance, Operational Excellence, Shared Services Center

Minimum Qualifications, Knowledge, Skills, and Work Environment:

• Education and Experience:
  • Requires 3-6 years of experience in an accounting environment
    • A bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
    • CPA, CMA, or MBA preferred
    • Joint Venture accounting experience a plus
  • In the industry: 3-5 years of Hospitality, F&B and/or Retail experience
• Specialized Training:
  • Training that leads to a clear and thorough understanding of IFRS reporting
• Strong financial acumen, including the ability to prepare and analyze financial statements and financial models
• Advanced Microsoft Excel skills
• Advanced ERP skills with SAP
• Advancedbusiness acumenand also has thestrategic mindsetrequired to understand the long-term implications of accounting decisions and to advance the organizations goals
• Demonstrated history ofanticipating the needs of the business and complexstakeholders, the employee population, and individual circumstances
• Demonstrated experience exhibiting acontinuous improvement mindsetwith the ability tooptimize work processesand achieve positive results
• Location: This position is located at the F&B Center of Excellence in Bethesda, MD

Avolta, including Dufry, HMSHost Corporation, Hudson, and affiliates (“the Company”), is an equal opportunity employer. It is the Company’s policy to ensure equal employment opportunity in all aspects of employment and to comply with anti-discrimination laws andregulations. The Company prohibits discrimination and harassment of any type and provides equal opportunities to applicants and team members withoutregard to actual or perceived race, color, creed, age, religion, sex or gender (including pregnancy, childbirth, related medical conditions and lactation), gender identity or gender expression (including transgender status), sexual orientation, national origin, disability, military service and veteran status, ancestry, citizenship status, marital status, protected medical condition as defined by applicable state or local law, genetic information, or any other basis protected by applicable federal, state or local laws and ordinances (referred to as “protected characteristics”).