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Director of Hospitality Accounting

Los Angeles, CA, United States

Job Description Job Description Salary: $145,000 - $165,000/annual

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:

Ensure accurate and timely monthly financial reporting

Month-end close activities including posting journal entries, preparing and reviewing account reconciliations, and consolidation of 3rd-party operating activity

Review and ensure 3rd-party operators are in compliance with GAAP and ownership accounting guidelines

Manage real estate tax and insurance matters including planning, renewals and budgeting for the hospitality portfolio

Work regularly with asset management team in overall portfolio needs

Oversee cash management and planning, including implementing proactive cash management strategies to optimize liquidity and support organizational needs

Complete opening and closing entries on new and disposed assets

Review, approve and post Accounts Payable batches

Ensure timely lender reporting and overall lender compliance

Supports annual financial audits and appraisals

Ensures compliance with regulatory licenses and permits and tax requirements (sales, business, RE Tax, etc.)

Establish, monitor, and reenforce accounting policies and procedures and internal controls

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) :

Comprehensive Knowledge of Accounting Principles

Attention to Detail / High Degree of Accuracy

Organization & Time Management Skills

Strategic and Critical Thinking Skills

Integrity / High Ethical Standards

Professional Demeanor

Communication Proficiency

Teamwork Orientation

Technologically Adept

Accomplishes objectives independently, with minimal supervision.

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Director of Hospitality Accounting jobs in Los Angeles, CA, United States

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