Accounting Manager

Accounting Manager

Location : San Francisco (Huntington San Francisco, Nob Hill neighborhood)

Compensation : USD $80,000.00 – $90,000.00 per year

Company

Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in U.S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu, with a rapidly expanding presence in Europe, Latin America and the Caribbean. The company’s portfolio of global properties represents an aggregate asset value exceeding $20 B and generates over $5 B in cumulative revenues. Highgate provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition. Highgate also has the creativity and bandwidth to develop bespoke hotel brands and utilizes industry‑leading proprietary revenue‑management tools that identify and predict evolving market dynamics to drive performance and maximize asset value. With an executive team consisting of some of the industry's most experienced hotel‑management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in London, New York, Dallas and Seattle.

Location

Located in the exclusive Nob Hill neighborhood, The Huntington is in the process of a complete reimagination, providing guests with modern amenities and conveniences within historic space. Guests can enjoy fine dining, a three‑level spa, beautifully appointed rooms and suites, as well as meeting and event spaces without ever leaving the property. The Huntington offers the best location and amenities San Francisco has to offer.

Position Overview

The Accounting Manager is responsible for providing consistent leadership in the financial area of the hotel by supplying management with guidance and training. The role focuses on profitability, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal control, ensuring compliance with all federal, state and local regulations, and safeguarding owners / investors’ assets.

Responsibilities

• Effectively manage and communicate cash‑flow related issues, including the accurate and timely preparation of monthly financial statements for the property : cash‑flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds.
• Monitor hotel revenues and expenses and ensure accurate recording in accordance with Highgate Hotels established guidelines. Monitor and control hotel cash flow and operating forecast.
• Create annual budgets and monthly variance analyses, investigate and critique variances to budget or prior year, and offer practical improvement methodologies to management.
• Ensure compliance on all regulatory licenses and permits, leases, contracts, legal agreements and the proper execution of all operational taxes; provide assistance to management in enforcing compliance on these items.
• Analyze financial data and operations to assist and advise management in maintaining the hotel’s financial objectives.
• Comply with standard accounting policies and procedures and internal controls for finance and accounting operations.
• Timely review and approve all balance‑sheet accounts, including monthly bank reconciliation and general‑ledger account reconciliations.
• Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll and employee records.
• Coordinate all internal and external financial audits, including work with CPA firms and deliver information requested by auditors on a timely basis.
• Hire, train, supervise and develop staff, including coaching, counseling and discipline.
• Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
• Direct or prepare all financial reports in accordance with Highgate Hotels’ requirements, meeting various due dates and deadlines.
• Weekly reporting : A / R & A / P aging, flash reports, payroll reports, revenue updates.
• Monthly reporting : financial statements, forecasting key‑statistics report, cash flow.
• Annual reporting : budgets, 5‑year plans, 5‑year capital plans.
• Interact timely with Executive Committee members to assure that property operations remain on track and under control at all times.
• Monitor compliance with required report deadlines and react accordingly.
• Monitor accurate production of the hotel daily operating report.
• Execute other special projects and responsibilities as assigned.

Qualifications

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