Welcome to the Bright Side® at La Quinta Inns & Suites.

Who is La Quinta?
We help brighten the day of our busy, practical, hardworking travelers and help them take care of their business or leisure travel needs. We provide the best hotel rooms, warmest hotel atmosphere and most courteous service in our market segment at every hotel, every night.

• Fastest growing limited-service hotels in the North America
• Operate and provide franchise services with over 65,000 rooms in over 700 properties
• Locations in 46 states plus Canada and Mexico under the names La Quinta Inns and La Quinta Inns & Suites
• Based out of Dallas, Texas, over 9,000 employees nationwide work on the Bright Side

Our Goal, it's easy
We want for every guest to wake up on the bright side while staying at our hotel. We offer clean and comfortable guest rooms with a dose of advertising humor to help our guest feel optimistic and happy no matter what the day holds. A great portion of this comes directly from our employees attitudes. And as if that wasn't enough, we offer our guest free Bright Side™ breakfast, free hi-speed Internet while they stay with us and comfy beds. Many of our properties include pools and well equipped work-out facilities.

What sets us apart?
Every team member plays a vital role in the success of our family and growth. We are not a conglomerate of hotels brands that make decision on panel of "experts". We make an effort to know all our employees and help them grow through our training program. While we may be one of the largest owner-operators of hotels in North America, we are a family first.

Our Philosophy
At La Quinta, we have a culture by which we are never satisfied. It doesn't matter how well we have done something in the past or how well we may do it today, our goal is to continually improve. Our operating philosophy is very simple:

• Take care of our employees
• Take care of our guests
• Keep the hotels spotlessly clean and well maintained

Everything we do at La Quinta truly revolves around our people, our product and our service.

Benefits
We work just as hard to create a work environment that's equally inviting and with many benefits:

• Medical insurance
• Dental insurance
• Life insurance
  
• Vision coverage
  
• Disability
  
• Paid vacation
  
• Discounted hotel stay at all of our locations
  
• Flex Spending account plans
  
• 401K
  

POSITION SUMMARY:

This position is responsible for all cash management functions including:  monthly and daily cash forecasting; working-capital liquidity management; ensuring cash movements are in accordance with debt agreement requirements; working closely with Accounting Team; maintaining intercompany loans; designing and implementing bank account structure, managing cash flow procedures and cash management services; performing daily cash management duties; maintaining and enforcing the authority matrix; coordinating dividend payments, maintaining bank relationships; monitoring bank account usage and balances; and the opening and closing of bank accounts as needed.

 

ESSENTIAL JOB FUNCTIONS:
* Oversee all cash management functions.
* Prepare daily cash forecasts for management and monthly cash forecasts for parent.
* Monitor and manage the company's daily cash position and regularly update short-term daily cash flow forecast to ensure proper liquidity.
* Manage outstanding debt and execute interest and principal payments.
* Maintain documentation of intercompany notes and records of lending, repayment and accrued interest activity.
* Ensure REIT intercompany notes are repaid via contributions from parent by the end of each quarter to ensure REIT compliance.
* Maintain letters of credit/escrow accounts as needed.
* Formulate and maintain bank account structure and cash flow procedures.
* Review and comment on blocked account and loan documents related to CMBS financings or re-financings.
* Prepare and submit monthly expenditure reimbursement packages to lender(s).
* Establish and manage bank relationships, and monitor bank account usage and balances.
* Control bank account balances and open and close accounts as needed.
* Develop and implement cash management operational policy and procedures, strategies and systems.
* Conduct short-term borrowing and investing activities as needed.
* Maintain and enforce the "Authority Matrix", a key control document, and serve as a key control person by releasing payments after confirming that required approvals have been obtained.
* Work closely with Accounting Team to ensure optimal execution and accounting for cash movements and intercompany loans.
* Coordinate dividend payments with the SVP-Tax, SVP - CAO, Accounting, Legal and Parent.
* Assist SVP-CAO and EVP-CFO with preparation of cash flow information for Board of Directors meetings
* Train, supervise and develop Cash Management staff.
* Submit journal entries to accounting for certain cash transactions.
* Resolve cash issues in a timely manner.
* Assist accounting with cash reconciliation issues.
* Other special projects and duties as assigned

 

EDUCATION/EXPERIENCE:

 

MINIMUM EDUCATION:
* Bachelor's degree in Business Administration with finance or accounting concentration.
* Certified Treasury Professional (CTP) preferred.

 

MINIMUM EXPERIENCE:
* 7 - 10 years of cash management/treasury experience.
* Experience in a large corporate "multi-location" environment.
* Technical experience in accounting standards, procedures and policies.
* Managerial experience.

 

MINIMUM SKILL REQUIREMENTS:
* MS Office applications.
* Must have excellent time management and organization skills with attention to detail, and good interpersonal and communication skills.

 

PHYSICAL, MENTAL AND ENVIRONMENTAL DEMANDS:

 
* Working conditions of the position are a normal office situation.
* May work alone or closely with others.
* Overtime may be required
* Work is completed sitting at a desk or table with intermittently standing and stooping.
* May be required to do light lifting or carrying.
* Capable of working in a fast paced environment and in stressful situations.
* Must respond to multiple task interruptions and still provide service to internal and external customers in a professional and courteous manner.
* Requires good hearing.
* Requires good near or distant vision.

Zita Perez
Housekeeping Supervisor - Plano West
4 years & 11/mo on the job

"It's nice working for a company that you can feel proud about.  The hotels are nice and I enjoy working with the people."

Olga Harrison
Front Desk Service Representative - Plano West
6 years on the job

"I really enjoy my job - it's never boring at La Quinta."

Thalia Escalante
Front Desk Service Representative - Plano West
6 months on the job

"At La Quinta, management really cares about you - personally and professionally."
"La Quinta does a great job of training its employees. It's part of the reason I look forward to going to work."

Jaime Nicks
General Manager - Valdosta, VA
2 years & 8 mo w/ La Quinta

"La Quinta does an astounding job at bridging the gap between corporate executives and property level employees - other La Quinta team members are a simple call or email away when needed."