Accounting Manager

Embassy Suites Valley Forge
Valley Forge, PA
Full Time
The Accounting Manager is responsible for providing ethical and consistent leadership in the financial area of the hotel by supplying management with guidance, training and support. The Accounting Manager is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.

MINIMUM Job Description, including but not limited to the following:

* Acts as the “Chief Business Officer” to the general manager and EC Team, and as such is responsible for evaluating the financial impact on business decisions.
* Ensure that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
* Effectively manage and communicate cash flow related issues, as required to management and ownership. This includes the accurate and timely preparation of cash-flow statements, management of receivables, cash balances, control mechanisms and timely deposits of all funds.
* Monitor hotel revenues and expenses and ensure the accurate recording in accordance with Crescent Hotels & Resorts established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement strategies to management.
* Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
* Ensure Hotels’ 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 all these items.
* Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers.
* Analyze financial data and operations in order to assist and advise management in maintaining the Hotels’ financial objectives.
* Ensure that all balance sheet accounts, including bank reconciliations are reconciled on a timely basis.
* Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, hotel assets, master keys, payroll, and employee records.
* Embrace a continuous growth environment by actively hiring professional staff and assisting in recruiting, reviewing, recommending and maintaining an inventory of qualified and promotable Associates that can potentially become Controllers, Assistant Controllers, Accounting Managers, and other managers for the organization.
* Continually focus on training and development programs for finance associates to cultivate the “brightest” and “best” talent within the industry.
* Hire, train, supervise and develop staff, including coaching, counseling and discipline.
* Maintain compliance with Crescent Hotels & Resorts standards and regulations to ensure safe and efficient operation of the hotel.
* Ensure proper utilization, maintenance and periodic upgrades of all IT systems and equipment.
* Direct and/or prepare all financial reports in accordance with Crescent Hotels & Resorts requirements meeting various due dates and deadlines:

* Review and submit a Daily Revenue Report.
* Ensure timely deposit of all cash and transmission of Credit Cards.
* Review Labor Report for overtime and any variance to Forecast.

* Review departmental Checkbooks and advise of any needed changes.
* Distribute and discuss weekly G/L report with department managers.
* Update GM on any unfavorable financial issues impacting the month.
* Ensure there is sufficient cash to meet all scheduled obligations.
* Review and approve payroll prior to submission (bi-weekly)
* Perform weekly A/R review.

* Review Balance Sheet reconciliations and ensure proper backup exists.
* Ensure that all cashier banks are counted.
* Count the main vault.
* Review “Key Financial Controls” Checklist to ensure adherence and compliance.
* Review actual numbers to forecast to find discrepancies in forecasting to improve accuracy in future months.
* Participate in the monthly Credit Meeting.
* Actively participate, complete and review the forecast with Department Heads prior to submission to corporate.
* Complete the Internal Control Questionnaire (ICQ) bi-annually.
* Conduct a surprise payroll audit bi-annually.
* Actively participate, complete and review the annual budget with Department Heads prior to submission.
* Prepare all analysis that may be required by ownership and outside accounting firms.

* Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships among employees and promote maximum morale, productivity, and efficiency:

Executive Committee Sales & Service Financial Review
Departmental Budget & Forecast Credit & Collection Business Review Meeting

* Ensure and monitor that the hotel is in compliance with all report deadlines and due dates and react accordingly.
* Maximize efforts towards productivity, identify problem areas and assist in finding and implementing their solutions.
* Approach all encounters with guests and employees in an attentive, friendly, courteous and service-oriented manner.
* Maintain regular attendance in compliance with Crescent Hotels & Resorts standards, as required by scheduling which will vary according to the needs of the hotel.
* Maintain high standards of personal appearance and grooming, which include wearing the professional attire and name tag when working.
* Comply at all times with Crescent Hotels & Resorts standards and regulations to encourage safe and efficient hotel operations.


* Participate in M.O.D. coverage as required.
* Attend meetings/training as required by management.
* Perform other duties as requested by management.

Crescent Hotels & Resorts is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Crescent Hotels & Resorts does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.

Equal Employment Opportunity (EEO) Notices:

Accessibility Assistance
If you are an individual with a disability and need assistance completing the online application, please call 703-563-4395. Please leave a message and a member of our Human Resources team will return your call within three business days. Alternatively, an email may be sent to Please include “Applicant Accommodation Request” in the subject line of the email. Please note that this phone number and email are only for those individuals who would like to request an accommodation to apply for a job.
Crescent Hotels & Resorts participates in the Electronic Employment Eligibility Verification Program. E-verify posters: English / Spanish. Right to Work Posters: English / Spanish