Chief Accountant

Job Description

Chief Accountant

As the role of Chief Accountant, you will be responsible to establish the job scope, and duties, and will assist the Director of Finance & Business Support – Cluster to apply your leadership and analytical strength, where the high standards for accuracy and thoroughness will inspire the same among your team.

What is in it for you:

• Accommodation and meals provided
• Transportation to & from the hotel
• Medical & Life Insurance
• Employee benefit card offering discounted rates in Accor worldwide
• Learning programs through our Academies
• Opportunity to develop your talent and grow within your property and across the world!
• Ability to make a difference through our Corporate Social Responsibility activities, like Planet 21

What you will be doing:

Reports to Director of Finance & Business Support – Cluster, lateral working relationships with the department heads. Responsibilities and essential job functions include but are not limited to the following:

• Assist the Director of Finance & Business Support – Cluster in preparing, in conjunction with the General Manager and other department heads, the annual budget, capital budgets and the rolling forecast. Will be assisting in establishing the annual budget preparation procedures and guidelines.
• Assist Director of Finance & Business Support – Cluster in providing accurate and complete financial and management reports on a timely and accurate basis to hotel management, corporate office and owners in accordance with the company and ownership reporting requirements and policy. In addition, you will be also responsible for reporting accurately and timely, the actual results as compared to budget/forecast results. To maintain adequate records to reflect the comparison of the actual expenditures for furniture, equipment and operating equipment to the budgeted amounts.
• Costs are properly matched to revenues and recorded in the proper accounts.
• Month-end information is transmitted to Corporate and Regional offices on a timely and accurate basis. Based on the detailed instructions sent out on verification of totals from the Financials System and the Reporting System.
• Preliminary statements are delivered to Executive Committee and Department heads at month-end and final statements are as per the reporting calendar.
• Assist Director of Finance & Business Support – Cluster in identifying monthly commentary of results is clear and concise with major issues.
• Assist Director of Finance & Business Support – Cluster of commentaries are submitted timely with action plans to address deficiencies and a look towards the future.
• Assist Director of Finance & Business Support – Cluster in:

1. Accuracy is a high priority for all managers, and they are held accountable. The range is not more than a 3-5% change from the last forecast.
2. Meetings are held monthly to critique past forecast accuracy and prepare a current forecast.
3. The forecast is reviewed with management monthly and provided to corporate recipients on a timely basis.

•  Accountable for the development, documentation and maintenance, within hotels, to ensure compliance with the requirements of internal/standard controls.
• All laws and fiscal regulations of the area location, which affect the financial matters of the hotel, will be complied with. This includes seeing that proper permits and licenses are obtained for such things as liquor licenses, sellers’ permits, business licenses, etc.
• The safekeeping of all leases and contracts and any other legal records and documents may affect the financial status of the hotel. Such documents are to be listed and keep current on the Critical Date List.
• Ensure that the hotel accounting department is operating efficiently and at optimum staffing levels so that there are succession plans in place for the top three positions.
• To recommend and assist in the design, implementation, and use of methods and procedures that improve the accuracy of working schedules, and labour standards; forecast plans to assist operational staff. Monitor on an ongoing basis the accuracy and recommend correct measurements as necessary.
• Assist Director of Finance & Business Support – Cluster in developing, implementing and monitoring credit and collection procedures and guidelines pursuant to “adopted” corporate credit policies.
• Will be a highly motivated team player with strong accounting, communication, and analytical skills. A strong systems background is needed.
• Perform other similar or related duties as necessary.
• Succession planning efforts are part of everyday activities. Those colleagues with growth capabilities are identified and put on a specific training program.
• Assist Director of Finance & Business Support – Cluster in reaching job description updates, etc. are timely and per policy.
• Accounting staff receive proper training per year. Examples would include cross-training, Sales and the use of Tax, Excel, etc.
• Open lines of communication are maintained to reduce turnover and grievances.
• All company-related recoveries are accurately calculated and booked in accordance with the Chart of Accounts.
• Payment is made to the Company within the contract terms, 30 days.
• Accounts are properly recorded in the chart of accounts and reviewed for material changes quarterly on the commentary report.
• Accounts are reconciled by the 20th day of the next month following the close of month-end.
• Tax rates used are current and accurate.
• Proper amounts are collected/accrued by the 20th.
• Taxes are paid on a timely basis.
• Ensuring that a