Staff Accountant

Job Description

Staff Accountant | Hersha Hotels & Resorts

The Tone:
This is a full-time Staff Accountant role at Hersha Hotels & Resorts. Hersha Hotels & Resorts manages multiple hotel properties and a corporate office, requiring meticulous financial oversight to ensure accuracy across all operations. This position is crucial for maintaining precise fixed asset records, ensuring compliance with property tax regulations, and supporting the timely and accurate completion of monthly and annual financial close processes. Your contributions directly support the financial integrity and operational efficiency of the organization.

The TL;DR
• Role: Early Career
• Type: Full-time
• Mission: To ensure financial records are accurate and compliant through diligent fixed asset management, precise general ledger reconciliation, and effective support for financial reporting.

What You’ll Actually Do
• Fixed Asset Management: Maintain the detailed fixed asset subledger for multiple hotel properties and the corporate office, accurately recording additions, disposals, and transfers to ensure complete asset tracking.
• Depreciation & GL Reconciliation: Calculate and record all monthly depreciation entries, meticulously reconciling fixed asset balances to the general ledger to uphold financial integrity.
• Property Tax & Accounts Payable: Manage comprehensive property tax compliance, including tracking assessments, monitoring due dates, reviewing and processing tax bills, and supporting the appeals process; concurrently, process vendor invoices with precise general ledger, department, and cost center coding, and execute weekly payment runs.
• Month-End Journal Entries: Prepare and post crucial month-end journal entries, encompassing accruals, prepaid amortization, and depreciation, to ensure the accurate closure of financial periods.
• Financial Analysis & Audit Support: Perform thorough monthly balance sheet account reconciliations, proactively research and resolve any discrepancies, assist in preparing monthly financial statements and reports including variance analysis, support month-end and year-year close processes, maintain audit-ready documentation, and contribute to process improvements and special projects.

The Must-Haves
• Background: Hold a Bachelor’s degree in Accounting or a closely related field, demonstrating a foundational understanding of Generally Accepted Accounting Principles (GAAP) and core accounting concepts like debits, credits, and account reconciliations.
• Experience: Possess 0–2 years of hands-on accounting experience, making this an ideal role for recent graduates eager to launch their career in accounting.
• Skills: Exhibit strong attention to detail and accuracy when managing financial data and adhering to critical deadlines; demonstrate excellent organizational and time-management abilities to effectively juggle multiple priorities; and possess clear written and verbal communication skills for effective internal and external interactions.
• Bonus: Bring a collaborative, can-do attitude and a genuine eagerness to continuously learn and grow within an accounting career at Hersha Hotels & Resorts.