Purpose: The Senior Staff Accounting, Joint Venture (JV) Accounting is responsible for supporting all aspects of accounting for joint ventures. The primary responsibilities include financial reporting, profit sharing and cash distribution calculations, management fees calculations, loan tracking and reserve analysis, maintaining compliance with financial terms of JV contracts, coordinating audits with external auditors, and reconciling all related general ledger accounts.
Essential Functions: - Assists with calculations and payments of JV partner cash flow distributions and management fees
- Assists with preparation of monthly financial statements for all joint ventures
- Supports the collection of joint venture receivables and notes
- Assists with preparation of tax packages
- Assists with monthly journal entry preparations
- Assists with reconciling minority interest payables, loan balances and other joint venture balance sheet accounts
- Assists with audit schedules for preliminary and annual audits for internal and external auditors
- Assists with preparation and maintenance of JV receivables and notes
- Interact with Legal, Business Development and Operations Management on joint ventures related matter
Reporting Relationship: This position reports into the Director of JV Accounting
Minimum Qualifications, Knowledge, Skills, and Work Environment : - Education and Experience:
- In a technical role: Requires at least 3 years of accounting experience
- A bachelor's degree in Accounting, or Finance
- CPA, CPA Candidate or MBA preferred
- Joint Venture accounting a plus
- In the industry: 3-5 years of hospitality, F&B and/or retail experience
- Specialized Training:
- Training that leads to a clear and thorough understanding of IFRS reporting
- Specialized Skillset/Competencies/Traits
- Strong financial acumen and also has the mindset required to understand the long-term implications of accounting to advance the organizations goals
- Advanced Microsoft Excel skills
- Proficient ERP skills with SAP
- Demonstrated history of understanding the needs of the business, stakeholders, the employee population, and individual circumstances
- Demonstrated history of creating and maintaining positive work environments
- Location: This position is based at the F&B Center of Excellence in Bethesda, MD
