The Finance MIT program is specifically designed to hire and train recent Accounting/Finance graduates, starting their career path to become a Director of Finance at a White Lodging property. They will participate in a rotational program that will provide exposure to key accounting positions and processes within White Lodging. At the end of the rotation, this individual will be able to perform Staff Accountant duties (balance sheet reconciliations, tax returns, review a hotel P&L, etc.) and will be able to perform standard property accounting functions that follow White Lodging Best Practices. The skills learned during this rotation will position this candidate for their next role as a Senior Accounting Manager or Assistant Director of Finance.
Corporate Office Accounting – 3 months at WL Home Office
- Staff Accountant Monthly responsibilities. 2-3 sets of books will be assigned.
- Systems training on Lawson, TM1, Reportsafe
- Blackline Reconciliations
- Reviewing a hotel P&L Statement
- Understanding key brand/owner differences
- Prepare Sales Tax Returns
- Internal Audit Procedures/Contracts
- Shadow 1 Internal Audit property visit
- Review Best Practices/Documentation on WL Intranet
- Accounts Receivable/Credit Cards
- Credit process
- Guest/City Ledger Reviews
- Credit Card Reconciliations
- Accounts Payable/Chrome River
- Understand tax return process and filing
- Review State Tax Laws/Exemptions
- Reporting Tools (ACE, Labor, TM1, etc.)
- Capital Expenditure Processes
- Leadership Training
Field Accounting – 9 months at Hotel
· Guest Ledger, Accounts Receivable, Credit process
· AP -Reportsafe and uploading invoices
· Labor Processes/Reporting
· Property use of Asset Management Reports (ACE P&L, AMP Plan, etc.)
· P&L Critique Meetings
· Monthly P&L Critique Submission
· Checkbook Process
· Budget Process/Tool
· Owner's Meeting Deck (if available)
· Completion of Deposit Witness Record
· Credit Card Balancing
· CTAC/Commission Process/Tracking
· Attend Sales Strategy Meeting/Walk through reports
· Work Night Audit for 2 weeks
· Work Front Desk for 2 weeks
· Work Restaurant for 2 weeks
· Meet with Sales Leader (Review how business booked, CITY). Review reports Accounting uses.
• Understanding of hotel accounting processes including AP, AR, GL, and cash.
• Understanding of Front office accounting processes including PMS, POS, Guest Ledger, and Audit.
• Understanding of Accounting Standard Operating Procedures (SOPs) and Internal Control Best Practices.
• Strong analytical abilities.
• An intermediate ability to use standard software applications and hotel systems.
• Strong skills in problem solving, and organization.
• Knowledge of overall hotel operations as they affect the accounting department.
• Understanding of purchasing and inventory controls.
• Ability to troubleshoot technology related issues.
• Effective decision making skills.
• Ability to influence department managers in procedural issues & requirements.