Senior Accountant

At Plamondon Hospitality Partners, people are the heart of our business. Our success starts with the associates who work in our hotels. We take great pride in hiring honest, hard-working, reliable people, who share our principles. We encourage getting the most out of life through family, safety, community involvement, education, and our relentless gracious, and urgent attention to you.

Summary The Senior Accountant is responsible for supporting Plamondon Hospitality Partners (PHP) through managing all financial accounting and reporting for an assigned portfolio of hotels.

Essential Duties and Responsibilities Financial Accounting and Practices Perform needed entries, including calculating and recording management fees, FF&E taxes and reserves, depreciation, payroll, health care and 401k, and any needed operating expense adjusting journal entries and accruals for each hotel within assigned portfolio

Monitor and reconcile cash and FF&E balances with lending institutions, ensuring reserves align with loan agreements

Review and reconcile hotel intercompany accounts with sister companies and PEI entities at end of period to ensure needed cash transfers are reconciled and addressed with leadership

Prepare Marriott Owner Franchise invoice and submit summary of postings; calculate Marriott royalty accruals and process payments

Prepare and submit sales/use tax returns for applicable state and counties, processing payments accurately

Coordinate and communicate period-end close checklists and deadlines with hotel GMs and field associates as needed

Planning Processes Partner with CFO to design, plan, and implement Operating and Capital budgets in conjunction with Operations and Accounting leaders

Assist in the management of departmental planning efforts to ensure all critical components are detailed, tracked, and supported, where appropriate

Engage in and help facilitate monthly team meetings

Operations and Executive Support Partner with Operations leaders in preparation and presentation of monthly financial statement reviews with Executive Leadership Support Operations team through management of critical financial analyses, external reporting needs, and hotel-specific requests and questions

Engage in periodic hotel GM meetings by presenting relevant content and supporting accounting-related training topics as needed

Support accounting needs for Construction team including management, tracking, and reporting of CIP estimates, actual costs, loan draws/reimbursement process with a clear understanding of loan documents and requirements

Hotel Portfolio and Investor Reporting Understand and adhere to relevant operating agreements for a portfolio of hotels under the PHP umbrella

Ensure timely creation of cash forecasts and sufficiency to support targeted quarterly distributions

Assist the creation of quarterly investor letters designed to inform ownership of recent performance and quarterly distributions

Manage quarterly cash distributions for assigned portfolio

Professional Development Collaborate with leadership to identify training needs and opportunities to expand the understanding and skill level of other associates

Support the facilitation of professional development training including accounting, financial analysis, leadership, technology, and project management

Partner with Operations team to train hotel leaders and associates on various topics

Qualifications

Bachelor’s degree in accounting or finance is required, master’s degree highly preferred

Minimum of 5 years of direct experience, entity accounting experience is a must Certified Public Accountant highly preferred, current or in progress

Experience at public accounting firm preferred

Experience in hospitality or travel-related company preferred

Strong attention to detail, as well as excellent organizational and analytical skills

Strong problem-solving skills with the ability to handle challenging situations and provide effective solutions

Essential Functions Perform as a member of the accounting team with positivity and enthusiasm

Complete assignments under pressure and tight deadlines

Identify opportunities for improvement with a ‘continuous improvement’ mindset

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