About the Role
The Residences Accountant is responsible for the safeguarding of the residence assets and financial resources to ensure that homeowners' interests are protected while maintaining the reputation of the company as the property manager. This role involves ensuring that the residences operate according to project governing documents and the company Management Agreements. The accountant will assist the Regional Director of Finance in managing all financial aspects of the Residential Operation, ensuring compliance with local and corporate policies and procedures, and maintaining the financial and legal integrity of the business.
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Key Responsibilities
- Handle day-to-day financial operations of the Residence.
- Prepare various management reports and analyses to support management decision-making.
- Continuously review and validate the allocation methods of common cost apportionment between Resort and Residences.
- Ensure appropriate financial control is in compliance with policies.
- Review all legal contracts of the residence, follow up for their renewal, and ensure their safekeeping.
- Manage vendor payments and perform periodic account reconciliations.
- Coordinate with the Purchasing team for negotiations on various costs incurred for the residences.
- Handle funds management, ensuring monthly reconciliations for all balance sheet accounts are prepared and signed off per policy, with special attention to bank accounts.
- Monitor the Accounts Receivable aging status and the billing collection of service charges and other charges, ensuring adequate cash flow.
- Maintain a capital reserve account for the replacement of FF&E and infrastructure, participating in long-term planning and compliance with governing documents.
- Prepare month-end statements and balance sheet reconciliations.
- Handle period closing and prepare monthly, quarterly, and annual financial reports.
- Prepare required financial statements for presentation to Residence owners in their general meetings and attend Board and/or Member meetings.
- Assist the Director of Finance with P&L preparation and presentation during Management Examinations (ME).
- Ensure actual expenses remain within budget through regular expense forecasting and monitoring.
- Process payroll for residence accounting employees.
- Post all monthly entries (bank, assessments, fees, accruals) for the Residence entity.
- Review P&L of Residences with the Director of Finance and Director of Residences.
- Prepare the budget for the Residence entity and assist in the Resort budget preparation, ensuring proper allocation.
- Ensure expenses are maintained within the approved budget through regular forecasting and monitoring.
- Understand the legal implications of the Management Agreement, Residence constitution, and bylaws for discussions with Residence lawyers.
- Assist homeowners with daily inquiries regarding the Homeowner association.
Who We Look For
We seek individuals who share the Golden Rule; those who naturally believe in treating others as they would like to be treated. We value a passion for excellence and enthusiasm reflected in every task undertaken.
Our Offering
- Opportunities to build a successful career with global potential.
- A unique strong culture encompassing a diversity of 50 different nationalities.
- Quality living accommodation in a well-resourced apartment.
- Excellent training and development opportunities.
- Employee recognition programs.
- Complimentary nights at the company Hotels worldwide.
- Paid annual home leave tickets.
- Complimentary meals in employee restaurants.
- Free transportation to work.
- Medical coverage.
Work Authorization
The hotel will apply for work authorization for a successful candidate.
