Morgan Larsen
Chicago
Summary
Accomplished Accounting Manager with a proven track record in professional sports as well as the hotel industry. Adept in ERP system implementation and fostering team collaboration. Streamlined accounting processes, enhancing financial accuracy and efficiency. Skilled in Netsuite ERP, Excel, leading successful audits and optimizing cash flow management.
Overview
14
14
years of professional experience
1
1
Certification
Work History
Accounting Manager
Chicago Bulls
10.2021 - Current
- Manage journal entries, collection efforts, reconciliations, and payroll processing regarding player travel.
- Oversee the Accounts Payable process and provide support with vendor inquiries.
- Track business revenue and expenditures and reconcile accounts to maintain high accuracy.
- Developed and implemented various procedures to improve accounting processes.
- Reduce discrepancies in financial data with thorough account reconciliations and adjustments.
- Manage successful audits by collaborating effectively with internal and external auditors.
- Collaborate with other departments to achieve accurate and prompt financial reporting
- Reconcile all department travel and expense credit cards.
- Enhanced financial accuracy by implementing streamlined accounting processes and procedures.
- Optimized cash flow management through careful analysis of accounts receivable, accounts payable, and capital expenditures.
- Led migration to new financial system, Netsuite, ensuring seamless transition with minimal downtime.
- Reduced outstanding accounts receivable through more effective communication with Corporate Partnership team.
- Contributed to multiple successful internal and external audits throughout the season, preparing all necessary documentation and facilitating auditor inquiries.
- Supported financial director with special projects and additional job duties.
- Prepared invoices and managed the Accounts Receivable process.
- Managed daily and monthly banking reconciliations.
Chief Accountant
The Peninsula Chicago Hotel
06.2018 - 10.2021
- Handled month-end and year-end end finances.
- Completed year-end closing processes with the Controller and Director of Finance.
- Maintained accurate financial records by overseeing general ledger reconciliation efforts on a daily and monthly basis.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Managed a team of 4 accounting staff including Income Audit, Accounts Payable and Payroll.
- Continuous training with accounting staff.
- Prepared monthly journal entries and reconciliations.
- Hold monthly meeting with department heads regarding P&L statement.
- Completed biweekly payroll and maintained employee records.
- Prepared accounts for industry audits and supported audit process.
- Protected company assets through meticulous tracking of fixed assets, depreciation schedules, and inventory valuations.
- Collected and reported monthly expense variances and explanations.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Maintained integrity of general ledger and chart of accounts.
- Tracked funds, prepared deposits and reconciled accounts.
Staff Accountant - Task Force
Hilton Chicago O'Hare Airport and Hilton Rosemont
09.2017 - 06.2018
- Attended an internal financial audit with Hilton Corporate Internal Audit team working on auditing multiple hotel complex properties (2015 & 2017)
- Assisted with 2018 budget and performed financial statement analysis.
- Facilitated month-end closing procedures by accurately reconciling balance sheet accounts and preparing journal entries in a timely manner.
- Prepared, invoiced and collected payment on group bills.
- Provided exceptional customer service by resolving billing disputes promptly and professionally, ensuring positive business relationships.
- Streamlined month-end closing procedures resulting in reduced processing time without compromising accuracy or completeness of the reports generated.
- Played an instrumental role in successful annual external audits, providing necessary documentation and clarification as required.
- Provided support to Income Audit, Accounts Payable, and Accounts Receivable as necessary.
- Created all Service Agreements, Event Space Agreements, and Independent Contractor Agreements for Hotel. Worked closely with department heads to ensure all Hilton required insurance was provided as well as writing up all Contracts and following through until execution.
- Processed monthly closing of real estate, leasing and privately owned villas and generating revenue statements for homeowners.
- Generated, reconciled, and issued all homeowner year end statements as well as 1099’s for homeowners, travel agents, and real estate brokers.
- Prepared and maintained all real estate withheld tax as well as 592’s for U.S. and foreign homeowners and submit to the California Franchise Tax Board quarterly, and annually.
- Monitored and reconciled all credit card general ledger accounts for three business units.
- Daily and monthly reconciliation of clearing accounts for member and guest charges in high volume food and beverage outlets, retail, spa and golf.
- Processed payroll for service charges and charge tips for food and beverage outlets, banquets, maid service, bellman, golf professionals, tennis professionals, and outside contractors on a bi-weekly basis.
- Audited house bank funds monthly.
- Communicated effectively with operations management to minimize accounting challenges.
Staff Accountant
La Quinta Resort & Club & PGA West
04.2015 - 08.2017
Staff Accountant
The Boulders - A Waldorf Astoria Resort
04.2014 - 04.2015
Income Auditor
Waldorf Astoria Orlando & Hilton Bonnet Creek
06.2010 - 04.2014
Education
Bachelor of Science - Hospitality Management
University of Central Florida
Orlando, FL01-2011
Skills
- ERP system implementation
- ERP management
- Netsuite ERP
- SAGE500
- Excel and Microsoft Applications
- Accounts Receivable
- Accounts Payable
- Payroll
Affiliations
- Active member and ally in multiple Chicago Bulls ERG groups including Women's Elevation, Black Opportunity Leadership Development, SOMOS Los Bulls, Jews United for Inclusion, Celebration, and Education
- Active member of Chicago sector of WISE - Women In Sports and Events
Certification
WISE Emerging Leaders Certificate Program
Timeline
Accounting Manager
Chicago Bulls
10.2021 - Current
Chief Accountant
The Peninsula Chicago Hotel
06.2018 - 10.2021
Staff Accountant - Task Force
Hilton Chicago O'Hare Airport and Hilton Rosemont
09.2017 - 06.2018
Staff Accountant
La Quinta Resort & Club & PGA West
04.2015 - 08.2017
Staff Accountant
The Boulders - A Waldorf Astoria Resort
04.2014 - 04.2015
Income Auditor
Waldorf Astoria Orlando & Hilton Bonnet Creek
06.2010 - 04.2014
Bachelor of Science - Hospitality Management
University of Central Florida