JOB SUMMARY:

The Director of Hospitality Accounting is responsible for all aspects of financial reporting (on accrual/US GAAP basis) for a portfolio of hospitality assets under the supervision of the Director of Accounting. He/she is responsible for financial reporting, consolidation of 3rd-Party operating activity, invoice processing, cash management, lender compliance and other various assignments as needed. 

ESSENTIAL FUNCTIONS:

1. Ensure accurate and timely monthly financial reporting
2. Month-end close activities including posting journal entries, preparing and reviewing account reconciliations, and consolidation of 3rd-party operating activity
3. Review and ensure 3rd-party operators are in compliance with GAAP and ownership accounting guidelines
4. Manage real estate tax and insurance matters including planning, renewals and budgeting for the hospitality portfolio
5. Work regularly with asset management team in overall portfolio needs
6. Oversee cash management and planning, including implementing proactive cash management strategies to optimize liquidity and support organizational needs
7. Complete opening and closing entries on new and disposed assets
8. Review, approve and post Accounts Payable batches
9. Ensure timely lender reporting and overall lender compliance
10. Supports annual financial audits and appraisals
11. Ensures compliance with regulatory licenses and permits and tax requirements (sales, business, RE Tax, etc.)
12. Establish, monitor, and reenforce accounting policies and procedures and internal controls
13. Manage and coordinate all money transfer transactions

QUALIFICATIONS:

Education:

• Bachelor’s degree in accounting.

Training & Experience:

• Working knowledge of Generally Accepted Accounting Principles (GAAP).
• Minimum of 5 years of relevant financial reporting experience
• Leadership experience in hospitality and commercial real estate finance
• Preferred knowledge of PropCo-OpCo structures

Technology:

• Excel – Intermediate to expert level required.
• Prior experience with automated accounting systems required. Yardi, required.

Licenses, Certifications & Special Requirements: (none)

Aptitude:

• Ability to act and operate independently with minimal direction from supervisor to accomplish objectives
• Possess highest level of integrity

PHYSICAL DEMANDS:

Light work – Sitting frequently for entire work shift. Exerting up to 10 pounds of force occasionally, up to 20 or more pounds rarely, and/or negligible amount of force frequently or constantly to reach, lift, carry, push, pull, or otherwise move objects. Frequent use of computer keyboard (fingering) and computer mouse. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

COMPETENCIES (knowledge, skills, abilities, behaviors) :

1. Comprehensive Knowledge of Accounting Principles
2. Attention to Detail / High Degree of Accuracy
3. Organization & Time Management Skills
4. Strategic and Critical Thinking Skills
5. Integrity / High Ethical Standards
6. Professional Demeanor
7. Communication Proficiency
8. Teamwork Orientation
9. Technologically Adept
10. Accomplishes objectives independently, with minimal supervision.