Corporate Controller – Ownership Job Vacancy in Highgate Hotels Corporate Office TX Irving, TX 75062 – Updated today

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Company Name : Highgate Hotels Corporate Office TX
Location : Irving, TX 75062
Position :

Job Description : Highgate Hotels:

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:

Overview:

The Corporate Ownership Controller is the senior financial and accounting person for each group of ownership entities for which he/she has responsibility. The position is responsible for all aspects of financial management, financial control, accounting and financial reporting for a portfolio of assigned hotel ownership entities. The Corporate Ownership 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
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 all hotel properties and related entities including corporate consolidation and reporting of hotel properties and ownership entities
Coordination of all financial communications with 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
Spot review of bank reconciliations and G/L reconciliations
Review, approval and processing of certain disbursements
Involvement with insurance and property tax administration of hotel properties
Successful completion of internal and external financial audits, including coordinating and monitoring work of CPA firms and the assigned Corporate Assistant Ownership Controller, as well as delivering information requested by auditors on a timely basis. This includes delivery of GAAP or other required basis financial statements to auditors.
Preparation of consolidating and consolidated operating, cash, receivables and other reports for owners
Preparation of any special reports, statements, etc., as requested
Other special projects and responsibilities as assigned
Cash flow projection monitoring
Qualifications:
8-10 + years of Public Accounting and/or corporate/ownership related financial management, financial reporting and accounting experience required.
Bachelors Degree in Accounting required.
Strong PC skills including Excel, Word and financial accounting systems
Strong organizational, analytical, verbal and written communication skills.
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 PC 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
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.

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