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Property Accountant

Posted January 14, 2022

Crestline Hotels & Resorts
Fairfax, VA
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About This Job


The Property Accountant will provide accounting support to approximately 7-8 Select Service/ Extended Stay hotels in a centralized accounting environment.

Key Duties and Responsibilities

  • Approach all situations with guests, employees, vendors, corporate office and ownership in an attentive, friendly, courteous and service-oriented manner.
  • Ensure compliance with all Crestline standard operating policies and procedures
  • Ensure compliance with all audit requirements; both internal and external
  • Ensure that hotel revenues and expenses are accurately recorded in accordance with CHRI established guidelines. Investigate and critique variances to budget or to prior year and offer practical improvement methodologies to management.
  • Ensure financial reporting packages are processed in accordance with CHR requirements meeting various due dates and deadlines
  • Ensure that all balance sheet accounts, including bank reconciliation’s are reconciled on a timely basis
  • Effectively manage and communicate cash flow related issues. This includes the accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, control mechanisms and timely deposits of all funds
  • Analyze financial data and operations in order to assist and advise management in maintaining the hotels’ financial objectives.
  • Maximize efforts towards productivity, identify problem areas and assist in resolving and implementing new policies and procedures
  • 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.
  • Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, inventories, hotel assets, and payroll.
  • Identifies and reports discrepancies to Directors and offer recommendations for corrective action
  • Seeks better ways of doing things more efficiently or in a less costly manner in an effort to improve upon the present level. Makes appropriate recommendations to the Directors of Centralized Accounting 
  • Additional duties as directed by manager 

Education and Experience

  • Bachelor’s degree in Accounting from an accredited University/College 
  • Experience working with select service branded hotels is preferable.

Computer Skills 

  • Strong computer skills (Excel, Word, Power Point) 
  • Working knowledge of a variety of hotel information systems preferable.

Other Requirements

·      Must be able to work independently, have knowledge of all accounting functions i.e., GAAP, Hospitality Accounting standards, and the ability to effectively deal with internal and external customers.

Crestline Hotels & Resorts is an Equal Opportunity Employer/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status, sexual orientation, gender, identity, or disability status.

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About this Employer

Crestline Hotels & Resorts

3950 University Drive
Suite 301
Fairfax, VA 22030

(571) 529-6100

Corporate Office

Careers and Job Opportunities for Crestline Hotels & Resorts, LLC

Trust, collaboration and powerful partnerships are the keystones to Crestline Hotels & Resorts success. Headquartered in Fairfax, Virginia, and with hotels and resorts in 28 states and the District of Columbia, Crestline is ranked as a top 10 hotel management company. Since its creation in 2000, the company has been a preferred partner of the major hotel brands including Marriott, Hilton, InterContinental Hotel Group, Starwood and Hyatt.

Using its team approach to developing and implementing industry leading Best Practices, Crestline raises the bar for management innovation. Crestline's leadership operates under the premise that "The cornerstone of our business success is forging strong relationships - with our owners, with our associates, and within the communities in which we operate."

Crestline is a team of dedicated hospitality professionals who, each day, make it their top priority to provide excellent guest service while enjoying what they do. They are passionate and prideful about their work and do it with a smile. They respect each other and value being part of an exceptional group of people who are motivated and committed to success and service. Crestline offers opportunities for all employees regardless of their position. Whether you are a room attendant, front desk agent, entry level or senior level manager, if you are passionate about learning and embracing new challenges, you can grow with us throughout your career. In fact, we enjoy one of the industry's highest retention rates and on average, 30% of our positions are filled through promotions and internal referrals. We also provide a comprehensive benefit and leave package.

The hospitality industry is one of the largest employers in the U.S. and we like to think Crestline is one of the best places to enjoy a hospitality career. We believe in growing our talent and offer tuition reimbursement, opportunities to learn through cross-training and development programs, and a variety of ways to enhance your career within the Company. Crestline is growing and we invite you to come be part of our success.