Accounting Manager

Compensation Type

Yearly

Highgate Hotels

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. Highgate also has an expanding presence in key European markets through properties in London, Paris, Barcelona, Vienna and Prague. Highgate’s portfolio of global properties represents an aggregate asset value exceeding $10B and generates over $2B in cumulative revenues. The company 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 out 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

Park Lane New York, situated on Billionaires’ Row – home to the world’s most coveted addresses onCentral Park South – has been completely reimagined as a departure from its neighbors and serves as aunique and inclusive retreat within walking distance of the city’s cultural hubs including Lincoln Center,Carnegie Hall, 5th Avenue shopping, and the Museum of Modern Art. The 47-story property features 610rooms – nearly half of which provide sweeping park-facing views – and 11,000 square feet of reimaginedindoor and outdoor event space. A fitness center perched on the fifth floor offers state-of-the-artequipment and its own separate outdoor terrace. The reimagined hotel features three new food & beverage venues throughout the hotel including an 80-seat lobby bar with an outdoor promenade, an intimate restaurant on the hotel’s second floor, and CentralPark South’s only rooftop lounge atop the hotel. Perched on the 47th floor, the cocktail bar will treat guests to a one-of-a-kind experience against the backdrop of Manhattan's sprawling skyline and park.

 

Overview

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

Responsibilities

Job Functions:

Income Audit

• Complete import of daily revenue from PMS system reports to the monthly Income Journal.
• Ensure that Guest and City ledgers balance each day.
• Ensure that daily cash deposit balances with General Cashier’s daily deposit log.
• Post completed IJ entries to hotel’s General Ledger on a daily basis.
• Reconcile all bank transactions to the General Ledger on a daily basis.

 

Accounts Receivable

 

Follow up on guest related service and billing issues, posting adjustments, additional charges, and credit card refunds in accordance with Highgate SOP’s.

• Reconcile and clear any open G/L accounts, transferring to the City Ledger as needed.
• Contact third party agencies for prepaid credit card details
• Reconcile and clear any open G/L accounts, transferring to the City Ledger as needed.
• Research and respond to chargebacks and credit card inquiries in a timely fashion.

 

Accounts Payable

• Ensure that Purchase Orders are completed accurately and  a timely manner
• Ensure that Department Heads reconcile Purchase Orders, Receiving Documents, and Invoices prior to processing.
• Process AP invoices and issue check payments according to Highgate company standards.
• Ensure 3rd party restaurant billing reconciles with daily income reports.
• Record any unpaid fixed or expected liabilities, per the Critical Date List and any outstanding Purchase Orders for which goods are received in the current period.
• Maintain logs of all vendor contracts, proof of liability insurance, and W9’s, and any additional documentation as deemed  necessary by the Director of Finance.
• Update Critical Date List monthly and maintain all approval documentation related to vendor additions.
• Maintain scanned copies of journal entries on a daily basis, as well as during the month end closing process.