AVP, Accounting - Hospitality Industry

AVP, Accounting – Hospitality Industry

This position oversees all activities related to supervising and managing the hospitality investments for a Private Equity firm. The role is responsible for overseeing a team for preparing, analyzing and reporting on the financial and operating results of the hospitality investments at the asset level, investment level and a consolidated level. You should be knowledgeable about real estate principles (GAAP, SEC).

• Manages and oversees the daily operations of Hospitality Investment Reporting including overseeing and reviewing the month-end, quarter-end and year-end close processes such as account reconciliations, prior period adjustments and monthly journal entries, bank reconciliations, etc. to ensure accuracy and completeness.
• Directly supervises the following positions:
  Senior Accountants, Accountants, Associates and Interns
• Reviews and analyzes accounting data and produces Monthly Operating Reports such as P&L's, Balance Sheets, Budgets and Forecasts at the individual asset level and the consolidated portfolio level for the hospitality assets (BRE Hotels)
• Reviews monthly portfolio forecasts and individual forecasts in conjunction with the BRE Hotels FP&A team and/or BX asset manager
• Reviews and loads the portfolio annual budgets and individual property budgets to X in conjunction with the BRE Hotels FP&A team and/or BX asset manager
• Provides variance reporting to assess property performance relative to budgets or forecast
• Leads onboarding and wind down efforts of acquisitions, dispositions and change of operators
• Instrumental in the preparation of certain due diligence reports for potential dispositions or acquisitions
• Conducts on site visits as necessary when onboarding or disposing a property
• Reviews all capex draw requests and debt yield calculations prior to distribution to the lender
• Reviews projects assigned to staff to ensure compliance, reporting accuracy and timeliness such as the debt reporting and the FF&E Draw submission
• Serves as liaison with property operators and establishes meeting cadence to discuss important and timely topics
• Ensures all hospitality property invoices paid at the corporate level are processed and paid timely
• Enforces proper accounting methods, policies and principles
• Provides recommendations to improve systems and procedures and initiate corrective actions
• Ensures direct reports are handling processes in a like and efficient manner
• Constructs reliable cash models to project an asset's future performance
• Establishes and maintains fiscal files and records to document transactions
• Assists in the preparation and review results of annual audit findings
• Assists with developing and documenting business processes and accounting policies to maintain and strengthen internal controls
• Interacts with internal staff, (such as Insurance, Tax and Treasury) and external service providers to complete assigned responsibilities
• Incorporates anticipated demand, driven by company initiatives and business conditions to ensure required capacity and skills will be available in the future
• Assesses and reacts to changing business conditions, in terms of their impact the organization they lead
• Ensures team's processes and procedures support the department's goals according to guidelines and policies
• Partners with senior managers to identify and drive external relationships with the team's key contacts and stakeholders including third party accounting departments and third-party operators accounting teams
• Assists other PC's during Project initiatives on an as-needed basis

• Bachelor's Degree with a major in Finance, Accounting or closely related field
• 7+ years of experience in cost accounting, financial analysis and general accounting
• 5+ years managing accounting for a hospitality company
• 2+ years of experience managing direct reports

• Master's Degree
• CPA certification