Assistant Accounting Manager
About The Position
With a timeless sense of place and a warm, welcoming spirit, Magnolia Hotels offer an elevated stay in the heart of America’s most storied cities. Each hotel in the Magnolia collection blends historic architecture with modern comfort, creating a unique atmosphere where past and present meet with style and ease. The Accounting Manager oversees all aspects of accounting operations for Magnolia St. Louis. This includes financial reporting, balance sheet management, month-end close, cash management, internal controls, and auditing support. The position ensures the financial integrity of both properties and assists in driving operational excellence by supporting Finance and collaborating with property leadership teams.
Requirements
- Bachelor’s degree in accounting
- Minimum 2 to 3 years Hospitality experience or equivalent preferred.
- Experience in processing A/P, A/R general accounting inclusive of balance sheet reconciliations.
- Excellent written and oral communication skills.
- Highly organized and detail oriented.
- Excellent technical, analytical, and problem-solving skills.
- Strong understanding of GAAP and financial reporting principles.
- Excellent interpersonal, team and hospitality skills.
- Computer skills: MS Office and the ability to master systems (MICROS, Opera and Oracle EBS)
Responsibilities
- Help manage daily accounting operations for both properties, including general ledger maintenance, cash handling procedures, and balance sheet reconciliations
- Oversee accounts payable, accounts receivable, income auditing, and payroll coordination in partnership with property department heads and centralized corporate support
- Assist with monthly, quarterly, and year-end financial closings; prepare journal entries, accruals, and adjusting entries as necessary
- Prepare financial statements, operational analysis reports, and key performance indicator (KPI) tracking for review by the Director of Finance and ownership groups
- Ensure compliance with internal control policies, GAAP standards, and company accounting policies across both properties
- Support budgeting, forecasting, and capital planning processes
- Reconcile bank accounts, credit card reconciliations, and guest ledger accounts monthly
- Coordinate internal and external audits by preparing requested schedules and responding to audit inquiries
- Train and mentor accounting clerks or property-based finance team members as needed
- Maintain confidentiality of all financial data and guest information at all times
- Work closely with department leaders (Housekeeping, F&B, Front Office) to review daily revenue postings, verify expense allocations, and resolve discrepancies
- Assist in the preparation of owner reports and investor communications related to property performance
- Drive continuous improvement in accounting processes and technology adoption across both resorts
Benefits
- Group medical, dental, vision, life, and disability benefits.
- A pre-tax benefit plan for healthcare and dependent care reimbursement.
- An employee assistance program.
- Paid time off/sick time.
- Participation in a 401(k) plan with a company match.
- Team member free room night program.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
251-500 employees
