Location: Hybrid remote in Raleigh, NC 27614
The Financial Accountant supports an assigned portfolio of properties by maintaining accurate and timely financial records. Reporting directly to the Senior Financial Accountant, the role centers on daily bookkeeping functions, including posting journal entries, managing accruals, and performing reconciliations to ensure the integrity of each hotel’s balance sheets. The position ensures that all entries are properly supported and that documentation is organized for audit purposes. Responsibilities may include financial analysis or direct communication with property owners, but the primary focus remains on the operational accounting processes and procedures of the hotels. Prior hotel financial experience is preferred. Hybrid or remote work potential.
Responsibilities
- Manage the daily bookkeeping functions for a portfolio of properties, ensuring accurate and timely journal entries and integrity across the general ledger.
- Record monthly accruals for property taxes, insurance, utilities, payroll, management fees, franchise fees, utilities, etc.
- Reconcile and maintain balance sheet and bank accounts monthly and quarterly, ensuring timely clearance of outstanding items.
- Maintain thorough and organized support for all journal entries and accruals, ensuring compliance with audit and corporate standards.
- Complete weekly cash positions and post necessary cash transactions to the ledger daily.
- Analyze P&L statements, perform variance analysis, and conduct financial performance reviews to interpret financial data and provide actionable insights.
- Provide initial analysis and commentary on financial discrepancies and trends for review by the Senior Financial Accountant, helping to develop analytical skills.
- Participate in financial review meetings to gain exposure to the development of hotel financial strategies.
- Perform all monthly and quarterly balance sheet reconciliations for assigned properties, ensuring accounts are reconciled with appropriate supporting documentation and any discrepancies are addressed within the month.
- Assist with internal, SOC and third-party audit preparation by providing accurate and comprehensive reconciliation documentation and supporting schedules.
- Provide assistance in gathering due diligence documentation for transitions such as property purchases, sales, or refinancing.
- Review hotel ledger reports, including the guest ledger, AR aging, and advanced deposit ledgers. Identify areas of concern or discrepancies in accordance with Concord policies and communicate these issues to your direct supervisor, as well as the Regional VP of Operations. If the issue remains unresolved after 30 days, escalate the concern to the SVP of Accounting.
- Proactively identify opportunities for process improvements within the accounting workflow, collaborating with the Centralized Controller and Senior Leadership to implement enhancements that improve accuracy and efficiency.
- Provide training and support to the accounting team, sharing best practices for maintaining compliance and ensuring financial integrity.
- Participate in owner relations calls to understand owner expectations, provide financial data, and build relationships with property management and ownership.
Qualifications
- Prior hotel financial experience is preferred
Benefits
We offer competitive wages. Full-time associates are eligible to participate in a comprehensive benefits package, including medical, dental and vision plans, life insurance, short-term and long-term disability options, 401(k) options, tuition assistance, discounted room rates at Concord managed hotels, plus training and development and career advancement opportunities.
Why Concord
Concord Hospitality invests in its associates by providing training and development at all levels, from interns to executive leaders. Our Associate First culture supports and inspires personal development both within the workplace and beyond. Our associates are what our company is built on, and we are proud to recognize them for their hard work, dedication, and commitment to excellence. We value work life balance, diversity, and our commitment to provide the best customer service and quality accommodations in every market we exist. Concord is built on 5 cornerstones: Quality, Integrity, Community, Profitability and FUN! Our associates say it best with our national company cheer heard throughout North America — “We Are Concord!” We support diversity and inclusion through our mission to be a “Great Place to Work for All.”