Job Details
Description
Duties/Responsibilities:
Description
Duties/Responsibilities:
- Person directly reports to Vice President - Accounting. The position serves as a liaison between the Corporate Office and Properties. Advising of any concerning matters promptly.
- Review and sign off on all financial statements, forecasts, cash flows and balance sheets.
- Review balance sheet accounts, ensuring adequate support and documentation for all accounts. Creates plans and timelines to correct any deficiencies.
- Ensures P&L accuracy and timeliness through adequate accounting workflow planning, effective close management, and optimization of checklists and documentation tools
- Ensure property compliance with USALI, GAAP and Company accounting policies and procedures
- Ensure satisfaction of legal requirements and contractual obligations (including obligations under a management agreement) utilizing internal controls, auditing, and security procedures to ensure deviations are brought to the attention of the General Manager and Vice President - Accounting.
- Ensure hotels' compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
- Primary involvement in tax audits and internal/external audits and assist in coordinating the responses to governmental agencies when necessary.
- Collaborate with other Regional Directors of Finance, Property Controllers/ Directors of Finance, and the Vice President - Accounting to ensure effective coordination of activities and discussion of best practices
- Serve as the subject matter expert for all finance division related matters, specifically ensuring implementation and adherence to SOPs, training manuals, systems, and service standards and guidelines.
- Coach and mentor direct reports to develop their full potential; establish clear expectations that will allow them to achieve success in their role; provide them the necessary tools and training for growth; approach people performance needs by understanding individual needs and barriers.
- Work with transition and ownership teams for on-boarding and off-boarding of properties ensuring smooth, thorough, and accurate hotel transition activities.
- Actively assist in recruiting, reviewing, recommending prospective team members like Directors of Finance, Assistant Directors of Finance, Accounting Managers, and other finance team members for the organization.
- Perform other job-related duties as assigned.
- Superior verbal and written communication skills. Proficient with Microsoft Office Suite
- Excellent interpersonal and technical communication skills; must demonstrate the ability to clearly communicate complex ideas and know one’s audience
- Thorough understanding of accounting and financial best practices, highly desirable to have a knowledge of hotel finance, hotel information and financial systems.
- Superior organizational skills and attention to detail; ability to plan, prioritize, and multitask; sound judgement
- Solution oriented – identifies the source of a challenge to adopt long term solutions
- Knowledge of Generally Accepted Accounting Principles (GAAP), USALI, and general accounting practices.
- Ability to read and understand basic contract elements, e.g., management agreement, terms, priorities, and profit distribution.
- Business Acumen – Understanding, utilizing, and analyzing business information.
- Bachelor's degree or equivalent work experience; 8+ years’ experience in finance or accounting, hotel finance/accounting experience preferred.
- Experience in a high-growth, fast-paced, multi-unit hospitality (food & beverage or hotel) environment preferred.
- Excellent verbal and written communication skills, including an ability to generate enthusiasm and speak knowledgeably about financial planning, systems administration, and hotel accounting best practices.
- Experience in working with Profit Sword (or other Budgeting and Planning enterprise-level software) and Enterprise Resource Planning/Accounting platforms strongly preferred.
- Experience developing financial forecasting, budgets, cash flow forecasting and the preparation of financial reporting and analysis
- Confident, proactive, and positive attitude; energetic and cooperative team player; eager to contribute and improve efficiency
- Dedicated to coaching and developing team members
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at a time.