Director of Hotel Accounting

Director of Hotel Accounting

This individual will be responsible for the overall development and execution of strategies that will support, strengthen and grow the hotels and organization as a whole.

Responsibilities will include driving service excellence, developing and executing action plans to improve P & L performance, working closely with the Vice Presidents of Operations, Sales, and Human Resources in assessing and driving overall performance while maintaining positive owner relationships.

Successful candidates will thrive in a fast paced and energetic work environment and are able to travel to assist in acquisitions and audits. Those with experience in start-ups who thrive in an entrepreneurial environment rather than a structured and established work environment are best suited for this position.

General Responsibilities Overview (not all-inclusive):

• Direct oversight of all hotels in an accounting capacity and indirectly oversees all property level Controllers.
• Ensure accurate and timely preparation of all financial statements and account reconciliations on a monthly basis; meeting all internal and ownership deadlines.
• Maintain trained staffing of accounting positions at the property level.
• Maintain strong internal control environments at all properties to include maximization of profits, proper controls, optimal productivity and a coordination of efforts towards achieving objectives.
• Drive hotels' financial performance through continuous review and monitoring of hotel monthly and annual results, providing feedback to the appropriate Leadership Teams, and suggesting adjustments when appropriate.
• Create monthly roll up reports for Sr. Corporate Leadership.
• Review cash flows on a monthly basis to ensure accurate and timely receipt/payment of financial obligations, rents, tax credit fees, etc.
• Monitor the cash and working capital position of each asset to ensure acceptable working capital balances are maintained.
• Maintain and update all SOPs for the Hotel Accounting area.
• Support General Managers and the Operations team with thoughtful analytics regarding forecasting, cost control and margin improvement.
• Gain a thorough understanding of the ownership agreements for all properties, including but not limited to, management, partnership, operating and franchise agreements.
• Evaluate and drive standardization and optimization of process, systems, communication and controls at each property for maximized results and efficiencies.
• Develop effective analytical process and culture with comprehensive metrics and reporting processes.
• Ensure coordinated efforts around sharing value-added best practices and procedures.
• Identify potential challenges that could impact the business in the future while taking corrective action on current performance deficiencies
• Oversee the Payroll function and work to improve processes and systems to ensure maximum efficiencies.
• Handle month-end closing, cash flow reporting and intercompany reconciliation.
• Reconcile accounts, resolve invoicing problems, monitor debts collection and liaise with other departments for disputed billings.
• Perform other accounting functions including but not limited to fixed assets inventory and accounts reconciliation.
• Assist with preparation of annual budgets and monthly forecasts.
• Ensure accuracy and quality of financial and management reports.
• Implement and maintain all internal control policies and procedures related to general accounting, accounts payable, revenue control and credit control.
• Work with auditors and tax consultants to ensure compliance with local statutory regulations.
• Contribute to wide range of financial ad-hoc.

• Bachelor's Degree in Accounting/Finance or related field
• CPA preferred
• 5+ years, Multi-Unit/Multi-Brand property level hospitality experience required
• Previous Corporate level experience preferred
• Ability to travel as needed
• Superior communication skills, written & verbal
• Ability to present to large groups
• Demonstrated ability to lead & develop others
• Demonstrated ability to work well under pressure and manage time effectively
• Demonstrated ability to meet tight deadlines
• Ability to Project Manage and delegate
• Advanced knowledge of Microsoft Office Suite (Word, Excel, Outlook, PowerPoint)
• Previous experience with hotel Property Management Systems highly desired
• Previous experience with M3 Accounting Software strongly preferred