Financial Accountant - Raleigh, NC
Concord Hospitality Enterprises
Raleigh, NC

Concord Hospitality Enterprises

11410 Common Oaks Drive

Raleigh, NC 27614

Telephone (919) 455-2900

Website www.concordhotels.com

Management Company
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Description

The Financial Accountant plays a vital role in maintaining accurate and timely financial records for an assigned portfolio of properties. Reporting directly to the Senior Financial Accountant, the primary responsibilities involve daily bookkeeping functions, including the posting of journal entries, managing accruals, and performing reconciliations to ensure the integrity of each hotels balance sheets are maintained. This role is responsible for ensuring that all entries are properly supported, reconciliations are accurately maintained, and documentation is organized for audit purposes. Responsibilities also include financial analysis or direct communication with property owners, but the main focus is on the operational accounting processes and procedures of the hotels.

Responsibilities:

  • Manage the daily bookkeeping functions, including accurate and timely journal entries for a portfolio of properties, ensuring integrity across the general ledger.
  • Record monthly accruals for property taxes, insurance, utilities, payroll, management fees franchise fees, utilities, etc.
  • Reconcile and save applicable balance sheet and bank accounts monthly and quarterly, ensuring timely clearance of outstanding items.
  • Maintain thorough and organized support for all journal entries and accruals, ensuring compliance with audit and corporate standards.
  • Complete weekly cash positions and post necessary cash transactions to the ledger daily.
  • Analyze P&L statements, variance analysis, and financial performance reviews to gain experience in interpreting financial data and providing actionable insights.
  • Provide initial analysis and commentary on financial discrepancies and trends for review by the Senior Financial Accountant, helping to develop your analytical skills.
  • Participate in financial review meetings, gaining exposure to the development of hotel financial strategies.
  • Perform all the monthly/quarterly balance sheet reconciliations for assigned properties, ensuring each of the accounts are reconciled with appropriate supporting documentation, any discrepancies are addressed, in the month.
  • Assist with internal, SOC and third-party audit preparation by providing accurate and comprehensive reconciliation documentation and supporting schedules.
  • Provide assistance in gathering due diligence documentation for transitions such as property purchases, sales, or refinancing
  • Review hotel ledger reports, including the guest ledger, AR aging, and advanced deposit ledgers. Identify areas of concern or discrepancies in accordance with Concord policies and communicate these issues to your direct supervisor, as well as the Regional VP of Operations. If the issue remains unresolved after 30 days, escalate the concern to the SVP of Accounting.
  • Proactively identify opportunities for process improvements within the accounting workflow, collaborating with the Centralized Controller and Senior Leadership to implement enhancements that improve accuracy and efficiency.
  • Provide training and support to the accounting team, sharing best practices for maintaining compliance and ensuring financial integrity.
  • Participate in owner relations calls, to understand owner expectations, provide financial data, and build relationships with property management and ownership.

    Benefits of Working for Concord Hospitality:

    We offer competitive wages. Full-time associates are eligible to participate in a comprehensive benefit package, which includes medical/dental/vision plans, life insurance, ST/LT disability options, 401K options, tuition assistance, discounted room rates at Concord managed hotels, plus training & development and career advancement opportunities.

    Why Concord?

    Concord Hospitality invests in its associates by providing training and development at all levels, from interns to executive leaders. Our “Associate First” culture supports and inspires personal development both within the workplace and beyond. Our associates are what our company is built on, and we are proud to recognize them for their hard work, dedication, and commitment to excellence. We value work life balance, diversity, and our commitment to provide the best customer service and quality accommodations in every market we exist. Concord is built on 5 cornerstones: Quality, Integrity, Community, Profitability and FUN! Our associates say it best with our national company cheer heard throughout North America ---

    “We Are Concord! ”We support diversity and inclusion through our mission to be a “Great Place to Work for All."

    Pay range: $25.32 - $31.64

    • Apply Now Save this job

    Concord Hospitality Enterprises

    Management Company

    Careers and Hospitality Job Opportunities with Concord

    Concord Hospitality Enterprises Company is an award-winning hotel management and development company. Through the combined efforts of over 4,200 hard working and focused associates, Concord offers a unique blend of entrepreneurship, seasoned experience, innovation and technical excellence. These elements create a company equipped to produce above-standard returns, market sustainability and a partnership well worth investing in.

    Since Concord's inception in 1985, our success has been guided by our cornerstones: Quality, Integrity, Community, Profitability and Fun. These cornerstones are the indispensible and fundamental basis of our daily actions. Our commitment to these cornerstones has led us to be recognized as the respected hospitality company that we are.

    Concord is one of North America's largest hotel management and hotel development companies. Concord's passion for success has resulted in over twenty years of proven results as a hotel owner, manager, and developer of mid market and first class hotel properties. Concord's goal is to create value for its partners and associates by leveraging its operations, development, sales & marketing, technology, accounting, and management skills over its growing portfolio of first-class business hotels.

    Concord has experienced sustained growth of a remarkable 35% annually for three years in a row and with over half a billion in new hotel projects in the pipeline, that number is projected to increase noticeably. Additionally, Concord is expanding its portfolio through third party management contracts with leading brand partners such as Marriott, Hilton, Starwood, Choice and Intercontinental Hotels. These growth opportunities have presented themselves to Concord based on our strong relationships with investment partners.