Senior Accounting Manager

The Hotel

Step inside a legendary revival at The Watergate Hotel, a luxurious urban resort located along the banks of the Potomac River. Here modern design blends with a storied past to redefine luxury. A place where travel and business are occasions worth celebrating, attention to every detail is the standard, and intrigue can be found just beyond every curve.

Location

The Watergate Hotel is centrally located in Washington, D.C., a city of political power, prestige, and elegance is culturally rich with theaters, museums, architectural splendors and unforgettable national memorials. The Watergate Hotel is situated within walking distance of the best the city has to offer.

Strategic Intent

We are seeking an experienced Senior Accounting Manager to oversee the day-to-day accounting operations and Assist Senior Asst. Director of Finance to ensure compliance with financial regulations. This role will be responsible for managing accounts payable, maintaining accurate financial records, and supporting financial reporting and audits. The ideal candidate will have strong leadership skills, in-depth knowledge of GAAP, and experience in financial planning and analysis.

Organizational Structure

REPORTS TO: Senior Assistant Director of Finance

General Duties and Responsibilities

• Daily accounting operations, including general ledger, accounts payable support accounts receivable and payroll as needed
• Daily Bank reconciliation and sales and use tax reconciliation
• Maintain accurate accounts payable, prepayments schedule and accruals accounting records.
• Review purchase orders, invoices, Associate expense reports, check request and travel agency commission to ensure they are approved by appropriate outlet managers and they are in compliance with the hotel policy and contractual requirement.
• Process invoices for payment and conduct weekly check run.
• Responds to vendor and Associates inquiries regarding invoices, expenses, and check request and any discrepancy.
• Reconcile vendors statement and AP Aging.
• Familiar with the hotel expense general ledger code and ensure expenses are coded correctly in the general ledger account.
• Maintain vendor files that requires ACH/WIRE payment and submit them for approval before setting up any ACH/WIRE.
• Upload ACH/Wire transactions to the bank system (SUN Infor).
• Conduct weekly/biweekly check run.
• Prepare daily cash flow forecast, keep track of daily food cost and send reports to Food & Beverage Management.
• Reconcile monthly prepayment GL and ensure balance sheet reflects a fair reflection of the assets and liabilities.
• Work closely with the Senior Assistant Director of Finance, proving necessary support regarding month end.
• Assist in the month end process, manage account payable accrual, post adjusting journal entries, allocate expenses to various departments and perform outstanding check reconciliation.
• Review and upload credit card transactions to the back system (SUN Infor).
• Maintain vendor W9 and prepare annual 1099s
• Performs other related duties as assigned by management
• Comply with attendance rules and be available to work on a regular basis.
• Ensure timely and accurate month-end and year-end closings, reconciliations, and financial reporting

Experience and Requirements

• 2+ years of AP and Gener ledger experience, preferably hotel specific experience.
• Must possess superior computer skills, with Excel and MS Office; those with on-property management systems experience will be favored.
• Knowledgeable in hotel property management is a plus
• Bachelor's Degree in Accounting/Finance is required.
• Must have strong communication skills with fluency in English (verbal and written).
• Must be a demonstrated team player with a commitment to delivering their best every day.
• Must be able to work a flexible schedule to accommodate the business demands of a 24/7 operation.
• Must be willing to "pitch-in" and help co-workers with their job duties and be a team player.
• Strong organizational skills with attention to detail.

Each of the items listed is considered an essential function of the position. However, the duties, responsibilities and requirements presented in this job description are intended to be broad based and high level and should not be construed as an exhaustive list of all roles or responsibilities for the position. The Company reserves the right to alter the duties and responsibilities of the position.