Job description
Compensation Type: Yearly Highgate Hotels:
Highgate Corporate Offices Irving, TX Overview:
Highgate is a leading real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in major U.S. gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing Caribbean and Latin America footprint. The hospitality forward company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition. Highgate has a proven record of developing its diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts with contemporary programming and digital acumen. The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value. With an executive team consisting of some of the most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in New York, Chicago, Dallas, London, Miami, and Seattle. www.highgate.com.
Location:
Highgate Corporate Offices Irving, TX
The Corporate Controller is the senior financial and accounting person for the management company’s corporate office for which he/she has responsibility. The position is responsible for all aspects of financial management, financial control, accounting and financial reporting of the management company. The Corporate Controller’s responsibilities include, but are not limited to, timely, responsive and accurate completion of the job responsibilities below.
Responsibilities:
- Establishment, documentation, maintenance and compliance with the Company’s systems of accounting and financial reporting, and internal operating, accounting and financial reporting controls
- Technical compliance with U.S. GAAP (“GAAP”), inclusive of research and memo writing (or review of such) for timely conclusion of non-routine and other transactions covering multiple complex technical accounting U.S. GAAP issues.
- Compliance with SOX and public company reporting requirements as applicable to hotel owners
- Management of financial and accounting aspects of purchases, sales, transaction closings, takeovers and exits of properties
- Management of the initial set up of new entities, including identifying and managing GAAP and other compliance, control and reporting issues
- Understanding and compliance with all corporate, partnership, debt and other contractual documents for all hotel related entities
- Timely review of monthly financial statements of the management company and all hotel properties and related entities, including corporate consolidation and reporting of hotel properties and ownership entities
- Coordination of all financial communications with executives and owners
- Management of debt, construction and other financing and capital transactions
- Monitoring of consolidating cash, cash flow, accounts receivable and operating forecasts of all hotel related entities
- Review, approval, and processing of various contractual revenue streams via billings and receivables
- Review, approval and processing of certain disbursements
- Spot review of bank reconciliations and G/L reconciliations
- Cash flow projection monitoring
- Involvement with insurance and property tax administration of hotel properties
- Preparation of consolidating and consolidated operating, cash, receivables and other reports for executives and owners
- Preparation of any special reports, statements, etc., as requested
- Other special projects and responsibilities as assigned
- 8-10 + years of Public Accounting and/or corporate/ownership related financial management, financial reporting and accounting experience required.
- Bachelor’s Degree in Accounting required.
- Ability to travel and work overtime as necessary to complete assigned duties
- CPA required
- Public Accounting Manager or Senior Manager experience preferred
- European experience a plus, including local reporting and IFRS experience
- Oracle accounting system experience preferred
- Strong application skills including Excel, Word, and financial accounting systems
- Strong organizational, analytical, verbal, and written communication skills
- Strong knowledge of U.S. GAAP as it applies to the real estate industry, which would ideally include, but not necessarily limited to:
- Asset impairment issues
- ASC 842 Leasing Standards
- Debt modifications
- Business combinations
- REIT structures
- VIE structures
- Familiarity with Hotel fair value marketing
- Hotel debt valuation
- Discontinued operations and held for sale transactions
- Real Estate sale and leaseback transactions
- Cash flow statements
- Familiarity with Uniform System of Accounts for the Lodging Industry (11th edition)
- Strong desire to adhere to U.S. GAAP financial accounting and reporting standards
- Strong technical accounting research skills preferred with an ability to write and/or review technical accounting position papers with supporting calculations to support technical accounting conclusions
- Ability to draft and/or review U.S. GAAP financial statements with footnotes for non-public entities based on research performed and completion of the applicable U.S. GAAP financial statement disclosure checklist.
johnandkristie.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, johnandkristie.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, johnandkristie.com is the ideal place to find your next job.