Accountant II, Real Estate & Hospitality Accounting
Finance/Accounting - Accounting, Real Estates, Other Careers, Hobbs Brook Job ID 2023-13289 Primary Location: Johnston, Rhode Island 05/25/2023More information about this job:
Overview:
FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
Summary:
Under limited supervision and guidance of the Manager of Real Estate Accounting, this position performs routine and non-routine accounting activities related to the hotel and conference center operations of Hobbs Brook Real Estate (HBRE).
As the on-site accounting liaison for the hotel operations, this position is responsible for the day-to-day activities impacting the general ledger including account balancing, ledger reconciliation, reporting, and discrepancy resolution.
Schedule & Location:
This position is 100% on-site in Norwood, MA Monday through Friday.
Responsibilities:
- Perform daily and monthly accounting activities.
- Maintain an organized set of detailed records and files to document financial transactions.
- Review all vendor invoices for proper coding and timely processing.
- Manage all incoming cash received at the hotel and reconcile daily cash deposits.
- Process issuance and reimbursement of petty cash.
- Report and process commissions to travel agencies.
- Reconcile and submit all documentation to franchisor for revenue reimbursements.
- Monitor and reconcile daily hotel receivables and process conference center invoicing.
- Research and respond to all billing inquires and folio requests, credit card disputes and refunds in a timely manner.
- Review daily reports generated by night auditors for errors, omissions, transpositions and problem-solve any discrepancies.
- Review and reconcile general ledger accounts.
- Process sales and use tax payments.
- Process event payments and advance deposits.
- Prepare journal entries and monthly accruals as needed.
- Assist with monthly closing and financial reporting.
- Ensure all expenses, receipts and other transactions for the accounting period have been accurately processed.
- Collaborate with the hotel and conference center General Manager on the analysis of expense variances.
- Reconcile all aging accounts.
- Prepare and review monthly variance reports.
- Ensure accuracy and completion on a timely basis.
- Support and augment hotel and conference center operations.
- Assist in the preparation of budgets and reforecasts.
- Provide accounting assistance to hotel and conference center General Manager and operations staff.
- Respond to financial questions and concerns to meet business needs.
- Maintain constant communication with internal and external associates to facilitate resolution of disputes regarding payment and billing discrepancies.
- Provide operations and financial visibility to corporate office.
- Work closely with Front Office, Sales, Food and Beverage, and other operations teams to verify proper procedures are adhered to.
- Responsible for reporting any potential regulatory and financial inconsistencies to the hotel and conference center General Manager and Property Accounting Manager.
- Position may also help the accounting functions of the real estate portfolios, including special projects and ad hoc requests.
Qualifications:
Required Education:
Associate’s degree in accounting, business, or finance
Highly Preferred Education:
Bachelor’s degree in accounting, business, or finance
Required Work Experience:
3 - 5 years of related work experience is required in general accounting or financial reporting
Highly Preferred Work Experience:
Hospitality accounting work experience is highly preferred
Required Skills:
- Knowledge of general accounting principles and practices.
- Working knowledge of hotel property management systems, hotel accounting systems and hotel sales systems.
- Ability to perform tasks independently and accurately.
- Solid organizational skills with the ability to handle multiple tasks.
- Strong interpersonal, problem solving and planning skills.
- Ability to work in a routine, deadline-driven environment.
- Proficient in Microsoft Office applications.
Highly Preferred Skills:
- Lightspeed or other hotel property management systems, Elavon, IMS, Amadeus experience preferred.
The hiring range for this position is $68,300-$98,100. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
Please note that full vaccination against COVID-19 is a condition of employment with FM Global in the U.S. and a condition of FM Global office entry in Canada. Further, all FM Global visitors, including external candidates interviewing onsite for open positions, are required to be fully vaccinated against COVID-19 and show proof of vaccination.
