Accounting Manager

Job Type


Full-time

Description

About the Property & Employer


The Blackstone, Autograph Collection is proudly owned and operated by Vinayaka Hospitality (VH) . As the managing company, VH serves as the employer and is responsible for all employment-related decisions, including hiring, compensation, benefits, and workplace policies.


Vinayaka Hospitality was founded in 2008 on a foundation of innovation, intelligence, and compassion. With a passion for hospitality and a practical, results-driven approach to hotel management, VH collaborates with leading global brands-including Hilton, Marriott, Hyatt, and Wyndham-to successfully manage a growing portfolio of properties across diverse markets.


We are proud to welcome The Blackstone Hotel to our portfolio as part of our continued expansion. Located on Michigan Avenue in downtown Chicago, The Blackstone is one of the city's most iconic historic hotels. Originally opened in 1910, it has long been recognized as a landmark in Chicago hospitality, known for hosting presidents, dignitaries, and distinguished guests from around the world. Today, it offers a unique blend of timeless character and modern sophistication.


At VH, we are committed to growth-both for our properties and our people. We take a proactive and agile approach to sales, marketing, and revenue strategy, allowing us to adapt quickly to changing market conditions. Equally important, we invest in our associates by creating an environment where individuals can grow, succeed, and make a meaningful impact.


We are an equal opportunity employer committed to fostering a diverse and inclusive workplace. If your experience doesn't align perfectly with every qualification, we still encourage you to apply-you may be a great fit for this or future opportunities within VH.

Benefits

Eligible team members may have access to a comprehensive benefits package, which may include:

• Medical, dental, and vision insurance
• Paid time off (vacation, sick time, holidays)
• Six paid company holidays and one floating holiday
• 401(k) with company match (up to 4%)
• Life and disability insurance
• Employee assistance programs
• Employee discounts (hotel and travel discounts)
• Eligibility for benefits may vary based on position, employment status, and tenure.

JOB SUMMARY

Assist in the achievement and maintenance of adequate internal controls over all areas of hotel operations. Ensure timely completion of all reports generated by accounting staff.


ESSENTIAL FUNCTIONS

• Assist in monthly forecasting
• Prepare all other financial reports and analysis and perform other general and administrative functions as may be required.
• Prepare all month-end reports, including tax reporting packages.
• Assist the corporate accounting team in the completion and implementation of all audit recommendations.
• Handle the administration of all bank accounts, ensures bank reconciliations are updated, and prepare treasury reports.
• Coordinate all hotel cash handling operations and procedures.
• Ensure cash and credit card deposits are processed and reconciled
• Must be familiar with GAAP Accounting and have a strong understanding of the general ledger process.
• Perform monthly journal entries, account reconciliations and research on financial questions as directed by Corporate Accounting Team
• Oversee month-end inventory calculation and ensure accuracy of physical counts, pricing and related worksheets.
• Review special Accounts Payable invoices, verifying accuracy of coding, and submissions for multiple properties
• Review Accounts Receivable functions including proper credit approval, accurate and timely billing, weekly review of aging and collection follow-up.
• Providing direction and training to hotel operational team in areas related to financial reports, internal controls, standard operating procedures, and expense controls.
• Has a fiduciary responsibility to company and management.

OTHER RESPONSIBILITIES

All other duties as assigned, requested or deemed necessary by management.

Requirements

Education/Formal Training


A four-year college degree (accounting preferred) or equivalent education/experience.

Experience


One to two years of employment in hospitality management or hospitality accounting


Knowledge/Skills

• Requires knowledge of all the functions performed by the subordinate reporting directly or indirectly to the Hotel Director of Finance.
• Requires advanced knowledge of the accounting, finance and hospitality professions. Requires experiential knowledge for management of people and complex problems.
• Requires ability to analyze activities or information involving some original data manipulation or interpretation to arrive at logical conclusions.
• Ability to make decisions guided by established policies and procedures.
• Ability to communicate so as to provide information and services, supervisory skills.
• In addition to these fundamental requirements, an Assistant Director of Finance must also be knowledgeable in the following areas: Office Management, Bank Reconciliations, Preparation of State and Federal Reports, Training of Accounting staff employees, Conducting or participating in meetings, Analysis of Balance Sheet Accounts, Preparation of Journal entries, closing the books and preparing the Balance, Sheet Package, Interviewing and evaluation of applicants as well as current employees
• Excellent hearing required to train and deal with management, employees.
• Excellent vision required to read reports, computer, etc.
• Excellent speech communication skills required to train and deal with management, employees.
• Excellent comprehension and literacy required for reports, computers, ledgers, etc.

Physical Demands


The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Lifting, pushing, pulling, carrying - limited lifting, pushing, pulling or carrying up to 15-20 lbs. Generally boxes, computer equipment.

• Limited bending/kneeling required when arranging supplies or equipment.

• Mobility - limited, between offices and departments.


• Infrequent continuous standing, climbing or driving required.

Environment


Work inside 95% of work period.

This position description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the associated with the position. May perform other duties as assigned.

Salary Description


80,000 to 90,000 yearly