Controller- Marriott Envue/Residence Inn, Weehawken NJ
Weehawken, NJ, United States
Title: Controller- Finance
Position Summary
The Controller is responsible for performing and managing accounting functions such as timely financial reporting, analysis and balance sheet reconciliations.
Position Duties and Responsibilities
• Supports and performs the following tasks
o As part of the month end close process, prepares journal entries, worksheets, reconciliations, and other schedules to ensure that transactions are recorded in accordance with GAAP.
o Prepares monthly financial statements (income statement, balance sheet, cash flow statement, and department schedules) for hotel properties.
o Prepares variance analysis for income statements.
o Reconciles hotel balance sheet accounts on a monthly basis.
o Reviews transactions and makes recommendations for accruals and deferrals.
o Reviews, codes and submits invoices to hotel or corporate AP team members for processing.
o Reviews and approves purchase orders and invoices in Accounts Payable System (BirchStreet) – verifies property and account coding is in accordance with Uniform System of Accounts for Hotels.
o Communicates with hotel vendors to reconcile statements and ensure invoices are paid in a timely manner.
o Assists with periodic income statement forecasts and annual budgets.
o Supports and trains new hotel team members on related hotel accounting processes and systems.
• Reviews and files sales & occupancy tax reports for city, county, state
• Reconciles hotel fixed asset and long-term liability accounts monthly.
• Records periodic depreciation and amortization entries.
• Reviews daily reporting provided by the hotel property accountants and the staff accountants. Investigates discrepancies and makes recommendations for corrective action to accounting and operational managers.
• Prepares hotel weekly check runs for payment processing.
• Prepares journal entries, worksheets, reconciliations, and other schedules for corporate/above hotel entities to support income tax filings.
• Prepares reconciliations of bank accounts on a daily and monthly basis.
• Monitors when escrow draws from hotel restricted cash escrow accounts are required and supplies appropriate documentation to procure funds.
• Supports and performs internal audits as needed.
• Works closely with on-property management team on year- end audits and review.
• Prepares schedules for external audit and communicates with external auditors.
• Reconciles and balances hotel intercompany accounts to corporate intercompany accounts.
• Assists with new hotel openings from an accounting standpoint.
• Serves as a point of contact for internal operations.
• Assists with system conversions.
• Other duties as assigned.
Knowledge and Skills
• Ability to communicate with others, identify problems and resolve potential conflicts.
• Must be able to set priorities, plan, organize and accomplish tasks, often within strict time limitations and work well independently.
• Possess excellent computer skills with working knowledge of spreadsheets, word processing, database software and the internet.
• Willing to travel as needed for task force or internal audit purposes.
• Ability to move throughout the premises and visually inspect conditions requiring bending, stooping, and reaching arms overhead.
Qualifications
• Bachelor’s Degree in Accounting or finance or a combination of education and industry accounting experience that provides the required knowledge, skills, and abilities.
• Three to five years of experience in a position of responsibility in hotel accounting environment.
• Multi-property experience preferred.
• Nimble experience preferred.
• Nimble system experience a plus.
• Marriott (Fosse, FSPMS) property management system experience preferred.
• FAS fixed asset software experience a plus.
• CPA is a plus.
BENEFITS:
Health Insurance
Dental Insurance
Vision Insurance
401 K
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