Accounting Manager I at B. F. Saul Company

Bethesda, Maryland, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, REITIndustries

Requirements

5 to 7 years of relevant accounting experience
Bachelor’s Degree in Accounting
CPA preferred
Prior public accounting experience preferred
Prior supervisory experience preferred
Working knowledge of applicable accounting standards
Real estate and accounts payable accounting experience preferred
Strong communication skills
Able to meet multiple priorities and deadlines
Attention to detail
Strong Excel skills
Analytical and energetic with a “Can Do” attitude

Responsibilities

Manage the Accounts Payable Specialist, Accounts Receivable Specialist, and Property Administrator positions
Manage the Accounts Payable function: Ensure compliance with Saul Centers’ internal controls over accounts payable, including proper account coding and approvals
Ensure timely and accurate payments for accounts payable
Coordinate with internal treasury function and banks on positive pay and electronic payments
Manage the Accounts Receivable function: Ensure effective and timely communication with tenants
Review tenant accounts receivable reports and ensure timely and accurate application of tenant payments
Work with Controller to identify and implement improvements, especially with respect to the processing of electronic payments
Review monthly property operating statements: Review tax recovery and operating expense recovery accruals
Review utility expenses and recoveries
Review supporting monthly schedules for accuracy and completeness and agreement with the general ledger
Provide guidance and feedback to property accountants and lease analysts to ensure timely and accurate completion of daily responsibilities
Train property accountants to ensure cross training on all functions
Execute on the department’s priorities through daily interaction, staff meetings, coaching and counseling
Build and maintain effective relationships with the accounting staff and with colleagues across the organization
Review the property operating statements, monthly rent rolls and reviews the work of senior accountants
Review year end expense recovery billings to tenants, ensuring that they are completed both accurately and timely
Backup the lease abstract and rent roll processes
Document all activities appropriately to ensure compliance with Sarbanes-Oxley and an effective and successful audit
Assists Controller and Assistant Controller as needed and complies with established Operating Policies and Procedures
Special projects as directed by Controller and/or Assistant Controller

Skills

Key technologies and capabilities for this role

Accounts PayableAccounts ReceivableInternal ControlsFinancial StatementsRent RollsProperty AccountingTenant ManagementTeam Supervision

Questions & Answers

Common questions about this position

What benefits are offered for the Accounting Manager I position?

Competitive benefits include Health/Medical Insurance with Dental and Vision, 401(k) with company match, Paid time off, Bonus/Target Incentive, Tuition Reimbursement, complimentary fitness center usage, on-premise dining discounts, EAP discounts, Monthly Employee Recognition Programs, referral bonus, and pre-tax transportation options.

Is this a remote position or does it require on-site work?

This information is not specified in the job description.

What are the key responsibilities that show required skills for this role?

The role requires skills in managing accounts payable and receivable functions, ensuring compliance with internal controls, reviewing property operating statements and rent rolls, supervising staff, and building relationships across the organization.

What is the team structure for the Accounting Manager I?

The position supervises three direct reports: Accounts Payable Specialist, Accounts Receivable Specialist, and Property Administrator, while providing guidance to property accountants and lease analysts.

What makes a strong candidate for the Accounting Manager I role?

Strong candidates have experience managing AP/AR functions, supervising staff, reviewing financial statements for accuracy, ensuring compliance with internal controls, and leading department operations through coaching and cross-training.

B. F. Saul Company

Operates business-class hotels and accommodations

About B. F. Saul Company

B.F. Saul Company Hospitality Group operates a range of business-class hotels, primarily targeting business travelers while also accommodating leisure guests. They manage hotels under well-known brands like Intercontinental, Marriott, Leading Hotels of the World, Best Western, and Hilton, which helps attract a diverse clientele seeking reliable lodging. The company focuses on owning and operating these branded hotels to ensure consistent quality and service. Revenue comes from room bookings, hosting conferences and events, and offering dining and recreational services. With a dedicated team of nearly 1,400 professionals, the company emphasizes quality and teamwork in its operations, aiming to provide exceptional guest experiences.

Bethesda, OhioHeadquarters

1892Year Founded

VENTURE_UNKNOWNCompany Stage

Real EstateIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Short & Long Term Disability

Paid Vacation

401(k) Retirement Plan

Paid Life Insurance

Tuition Reimbursement

Risks

Increased competition from boutique hotels may attract business travelers seeking unique experiences.

Remote work trends could reduce demand for business travel, impacting hotel bookings.

Significant investment in green technologies may be required to meet sustainability expectations.

Differentiation

B.F. Saul Company leverages over a century of experience in hospitality management.

The company operates under renowned brands like Marriott and Hilton, ensuring quality service.

Strategic hotel locations cater to business travelers attending conferences and meetings.

Upsides

Growing demand for sustainable practices aligns with B.F. Saul's commitment to quality service.

'Bleisure' travel trend offers opportunities for extended stay packages and increased revenue.

AI and IoT integration can enhance guest experiences and operational efficiency.

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