Accountant II, Real Estate & Hospitality Accounting

Pay $68300.00 - $98100.00 / year

Location Norwood/Massachusetts

Employment type

Full-Time

Req#: 13289

Overview

FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

Summary: Under limited supervision and guidance of the Manager of Real Estate Accounting, this position performs routine and non-routine accounting activities related to the hotel and conference center operations of Hobbs Brook Real Estate (HBRE). As the on-site accounting liaison for the hotel operations, this position is responsible for the day-to-day activities impacting the general ledger including account balancing, ledger reconciliation, reporting, and discrepancy resolution.

Schedule & Location: This position is 100% on-site in Norwood, MA Monday through Friday.

Responsibilities
• Perform daily and monthly accounting activities.
• Maintain an organized set of detailed records and files to document financial transactions.
• Review all vendor invoices for proper coding and timely processing.
• Manage all incoming cash received at the hotel and reconcile daily cash deposits.
• Process issuance and reimbursement of petty cash.
• Report and process commissions to travel agencies.
• Reconcile and submit all documentation to franchisor for revenue reimbursements.
• Monitor and reconcile daily hotel receivables and process conference center invoicing.
• Research and respond to all billing inquiries and folio requests, credit card disputes and refunds in a timely manner.
• Review daily reports generated by night auditors for errors, omissions, transpositions and problem-solve any discrepancies.
• Review and reconcile general ledger accounts.
• Process sales and use tax payments.
• Process event payments and advance deposits.
• Prepare journal entries and monthly accruals as needed.
• Assist with monthly closing and financial reporting.
• Ensure all expenses, receipts and other transactions for the accounting period have been accurately processed.
• Collaborate with the hotel and conference center General Manager on the analysis of expense variances.
• Reconcile all aging accounts.
• Prepare and review monthly variance reports.
• Ensure accuracy and completion on a timely basis.
• Support and augment hotel and conference center operations.
• Assist in the preparation of budgets and reforecasts.
• Provide accounting assistance to hotel and conference center General Manager and operations staff.
• Respond to financial questions and concerns to meet business needs.
• Maintain constant communication with internal and external associates to facilitate resolution of disputes regarding payment and billing discrepancies.
• Provide operations and financial visibility to corporate office.
• Work closely with Front Office, Sales, Food and Beverage, and other operations teams to verify proper procedures are adhered to.
• Responsible for reporting any potential regulatory and financial inconsistencies to the hotel and conference center General Manager and Property Accounting Manager.
• Position may also help the accounting functions of the real estate portfolios, including special projects and ad hoc requests.
Qualifications

Required Education: Associate’s degree in accounting, business, or finance

Highly Preferred Education: Bachelor’s degree in accounting, business, or finance

Required Work Experience: 3 - 5 years of related work experience is required in general accounting or financial reporting

Highly Preferred Work Experience: Hospitality accounting work experience is highly preferred

Required Skills:

• Knowledge of general accounting principles and practices.
• Working knowledge of hotel property management systems, hotel…