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About the Role

The Controller is responsible for providing consistent leadership in the financial area of the hotel by focusing 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 Highgate Hotels' Standard Operating Procedures; and safeguarding owners/investors assets.

Responsibilities

• Effectively manage and communicate cash flow-related issues, including accurate and timely preparation of monthly financial statements, cash flow statements, management of receivables and payables, control mechanisms, and timely deposits.
• Monitor hotel revenues and expenses, ensuring accurate recording and compliance with established guidelines.
• Monitor and control the hotel's cash flow and operating forecast.
• Create annual budgets and perform monthly variance analysis, investigating and critiquing variances and offering improvement methodologies.
• Ensure hotels' compliance with all regulatory licenses and permits, leases, contracts, legal agreements, and operational taxes.
• Analyze financial data and operations to assist and advise management in maintaining the hotels' financial objectives.
• Comply with Standard Accounting policies and procedures and internal controls for finance and accounting operations.
• Timely review and approval of all balance sheet accounts, including monthly bank reconciliation and general ledger account reconciliations.
• Establish and continually audit all internal financial controls, including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, and employee records.
• Successfully complete all internal and external financial audits, coordinating with CPA firms and delivering requested information.
• Hire, train, supervise, and develop staff, including coaching, counseling, and discipline.
• Maintain compliance with Highgate Hotels' standards and regulations to ensure the hotel's safe and efficient operation.
• Direct or prepare all financial reports in accordance with Highgate Hotels' requirements, meeting various due dates and deadlines.
• Timely interact with Executive Committee members to ensure property operations are on track and under control.
• Monitor hotels' compliance with required report deadlines and respond accordingly.
• Monitor the accurate production of the hotel's daily operating report.
• Execute other special projects and responsibilities as assigned.

Requirements

• At least 5 or more years of Hospitality Finance/Accounting experience.
• Prior Controller or Director of Finance experience, preferably at a premium-branded Hotel.
• Excellent verbal and written communication skills.
• Must supervise 2 or more employees.
• Must be proficient in Windows, company-approved spreadsheets, and word processing, and in the operation of all hotel-specific systems.

Skills

• Financial Reporting
• Cash Flow Management
• Budgeting
• Variance Analysis
• Financial Controls
• Audit Coordination
• Staff Supervision
• Windows
• Spreadsheets
• Word Processing
• Hotel-Specific Systems

Location

• Ace Hotel

Work Type

• Full-time

Experience Level

• 5+ years

Education Level

• Bachelor's degree in Finance or Accounting

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.
• Ace Hotel is a collection of individuals held together by an affinity for the soulful. We are not here to reinvent the hotel, but to readdress its conventions to keep them fresh, energized, human.
• We believe that hospitality is compassion, that it is not servility but genuine concern for others’ well-being.
• We like the stories that come with things and think that wherever you are, you should feel like you’re there.
• Work can be a beautiful thing when done beautifully, and it’s a lot more fun done together than apart.
• This, more than anything else, is why people want to sleep with us.