Manager, Portfolio Accounting & Transitions; HYBRID

Position: Manager, Portfolio Accounting & Transitions (HYBRID)
Location: Newton Center

We’re People People. Are you?

We’re Sonesta International Hotels—the 8th largest hotel company in the U.S. (and growing fast 🚀).With a dynamic mix of full-service and focused hotels across major cities, our diverse portfolio of owned, managed, and franchised properties means we’re everywhere our guests need us to be.

But here’s the thing—we’re not just in the business of hotels, we’re in the business of people. We bring service with passion, loyalty with purpose, and create experiences that genuinely connect—delivering quality, value, and memorable stays across 1,000+ properties in eight countries (and counting).What this role is all about

The Manager, Portfolio Accounting & Transitions is responsible for the general accounting activities that sit above the individual property and for the transaction accounting associated with hotel acquisitions and dispositions, including proration schedules, closing and settlement entries, and buyer and seller coordination through closing. The position additionally provides portfolio-level governance over receivables results, including credit policy administration, aged balance and bad debt risk analysis, and resolution of escalated matters.
* 3 days in office Tues/Wed/Thurs and 2 days remote Mon/Fri

What you’ll be doing

Primary Responsibilities:

The responsibilities include, but are not limited to:

Transition Accounting:
Dispositions and Acquisitions Own proration accounting for hotel dispositions and acquisitions, including preparation and review of schedules for real estate taxes, utilities, advance deposits, accrued payroll, inventory, and other closing-date items.

Reconcile pre-closing and post-closing balance sheet activity, ensuring accurate cutoff between seller and buyer periods, and post related closing, true-up, and settlement entries.

Serve as the finance point of contact for buyer, seller, and transition counter parties, assisting with proration disputes and settlement inquiries with supporting documentation.

Coordinate with Legal, Asset Management, Treasury, and corporate accounting through closing to ensure financial terms are accurately reflected and timing requirements are met.

Track open post-closing items to resolution, including holdbacks, escrows, and final settlement true-ups.

General Accounting, Close and Controls Own portfolio-level and corporate-level journal entries above the individual hotel, including accruals, adjustments, intercompany, and recurring monthly entries.

Own the accounting for management and incentive fees, intercompany activity, and other portfolio-level transactions that are not recorded at the hotel level.

Prepare and review balance sheet reconciliations for assigned accounts, reviewing aged items and ensuring proper research and clearing procedures.

Review and approve financial transactions for accuracy and compliance with GAAP and USALI standards, and ensure assigned deliverables meet corporate close deadlines.

Maintain strong internal controls, documentation standards, and audit trails; identify and remediate process or control gaps.

Serve as the finance owner for internal and external audit requests related to portfolio-level accounting and hotel transaction activity, including preparation and review of supporting schedules.

Research and document technical accounting conclusions for non-routine transactions, including purchase accounting, asset disposition treatment, and held-for-sale classification, in accordance with GAAP.Portfolio Receivables Governance and Risk Own portfolio-level receivables performance analysis, including aged balance review, trend and outlier identification, KPI reporting, and escalation to Area Directors of Finance and General Managers.

Own portfolio credit policy and direct bill program…