About the Role
The Controller is responsible for providing consistent leadership in the financial area of the hotel by supplying management with guidance and training. This role focuses on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal control, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors assets.
Responsibilities
- Effectively manage and communicate cash flow related issues, including accurate and timely preparation of cash flow statements, management of receivables, payables, cash balances, control mechanisms, and timely deposits of all funds.
- Monitor hotel revenues and expenses, ensuring accurate recording in accordance with Highgate Hotels’s established guidelines. Investigate and critique variances to budget or prior year, offering practical improvement methodologies to management.
- Monitor the capital planning process by assisting management with the calculation of return on capital improvements, gathering support, monitoring the bid process, and ensuring proper upkeep of the property by evaluating scope of work and specifications.
- Ensure hotels’ compliance with all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes. Provide assistance to management in enforcing compliance.
- Analyze financial data and operations to assist and advise management in maintaining the hotels’ financial objectives.
- Ensure all balance sheet accounts, including bank reconciliations, are reconciled on a timely basis.
- Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
- Embrace a continuous growth environment by actively assisting in recruiting, reviewing, recommending, and maintaining an inventory of financial leadership positions.
- Cultivate talent through continuous focus on training and development programs for Accounting associates.
- Ensure implementation and completion of all Accounting Key Competencies for both management and hourly staff.
- Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
- Maintain compliance with Highgate Hotels’ standards and regulations to ensure safe and efficient operation of the hotel.
- Ensure the proper utilization, maintenance, and periodic upgrades of all equipment.
- Direct or prepare all financial reports in accordance with Highgate Hotels’s requirements, meeting various due dates and deadlines (Weekly: A/R & A/P Aging Flash Reports, Payroll Reports, Revenue Updates; Monthly: Financial Statements, Forecasting, Key Statistics Report, Cash Flow; Annual: Budgets, 5-Year Plans, 5-Year Capital Plans).
- Conduct and/or attend and contribute to periodic meetings to maintain favorable working relationships among employees and promote maximum morale, productivity, and efficiency (Executive Committee, Sales and Service, Financial Review, Departmental, Budget & Forecast, Credit & Collection, Highgate Hotels Business Review).
- Monitor hotels’ compliance in meeting required report deadlines and due dates and react accordingly.
- Monitor the accurate production of the hotel daily operating report.
Requirements
- A minimum of 6 years of related progressive experience in hotel Accounting or related field; or a 4-year college degree with an Accounting/ Finance concentration and a minimum of 2 years of related progressive experience; or a 2-year college degree and a minimum of 4 years of related progressive experience.
- Must be proficient in Windows, company-approved spreadsheets and word processing, and in the operation of all hotel-specific systems.
- Long hours sometimes required.
- Sedentary work, exerting up to 25 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull or otherwise move objects.
- Must be able to effectively communicate both verbally and written, with all levels of employees and guests in an attentive, friendly, courteous, and service-oriented manner.
- Must be effective at listening to, understanding, and clarifying concerns raised by employees and guests.
- Must be able to multitask and prioritize departmental functions to meet deadlines.
- Approach all encounters with guests and employees in an attentive, friendly, courteous, and service-oriented manner.
- Attend all hotel-required meetings and trainings.
- Participate in M.O.D. coverage as required.
- Maintain regular attendance in compliance with Highgate Hotels Standards, as required by scheduling, which will vary according to the needs of the hotel.
- Maintain high standards of personal appearance and grooming, which includes wearing nametags.
- Comply with Highgate Hotels Standards and regulations to encourage safe and efficient hotel operations.
- Maximize efforts towards productivity, identify problem areas and assist in implementing solutions.
- Must be effective in handling problems, including anticipating, preventing, identifying, and solving problems as necessary.
- Must be able to understand and evaluate complex information, data, etc. from various sources to meet appropriate objectives.
- Must be able to maintain confidentiality of information.
- Perform other duties as requested by management.
Skills
- Cash flow management
- Financial reporting
- Internal controls
- Regulatory compliance
- Asset safeguarding
- Revenue and expense monitoring
- Variance analysis
- Capital planning
- Contract management
- Tax compliance
- Financial data analysis
- Balance sheet reconciliation
- Purchasing controls
- Cash handling controls
- Disbursement controls
- Inventory controls
- Payroll management
- Employee record management
- Staff recruitment and development
- Training program development
- Equipment maintenance and upgrades
- Budgeting
- Forecasting
- Communication
- Problem-solving
- Multitasking
- Prioritization
- Customer service
- Team collaboration
- Confidentiality
Location
- M Social Hotel
Work Type
- Full-time
Experience Level
- Minimum of 6 years of related progressive experience in hotel Accounting or related field
- Minimum of 2 years of related progressive experience with a 4-year college degree in Accounting/Finance
- Minimum of 4 years of related progressive experience with a 2-year college degree
Education Level
- 4-year college degree with an Accounting/ Finance concentration
- 2-year college degree
About the Company
- Highgate is a leading real estate investment and hospitality management company with over $15 billion of assets under management and a global portfolio of more than 400 hotels spanning North America, Europe, the Caribbean, and Latin America.
- With a 30-year track record as an innovator in the hospitality industry, this forward-thinking company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition.
- Highgate continues to demonstrate success in developing a diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts, featuring 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 of seasoned hospitality leaders and corporate offices worldwide, Highgate is a trusted partner for top ownership groups and major hotel brands.
- www.highgate.com
