AVP, Accounting - Hospitality Industry

AVP, Accounting – Hospitality IndustryThis position oversees all activities related to supervising and managing the hospitality investments for a Private Equity firm.

The role is responsible for overseeing a team for preparing, analyzing and reporting on the financial and operating results of the hospitality investments at the asset level, investment level and a consolidated level. You should be knowledgeable about real estate principles (GAAP, SEC).What You'll Be DoingManages and oversees the daily operations of Hospitality Investment Reporting including overseeing and reviewing the month-end, quarter-end and year-end close processes such as account reconciliations, prior period adjustments and monthly journal entries, bank reconciliations, etc. to ensure accuracy and completeness.Directly supervises the following positions: Senior Accountants, Accountants, Associates and InternsReviews and analyzes accounting data and produces Monthly Operating Reports such as P&L's, Balance Sheets, Budgets and Forecasts at the individual asset level and the consolidated portfolio level for the hospitality assets (BRE Hotels)Reviews monthly portfolio forecasts and individual forecasts in conjunction with the BRE Hotels FPA team and/or BX asset managerReviews and loads the portfolio annual budgets and individual property budgets to X in conjunction with the BRE Hotels FP&A team and/or BX asset managerProvides variance reporting to assess property performance relative to budgets or forecastLeads onboarding and wind down efforts of acquisitions, dispositions and change of operatorsInstrumental in the preparation of certain due diligence reports for potential dispositions or acquisitionsConducts on site visits as necessary when onboarding or disposing a propertyReviews all capex draw requests and debt yield calculations prior to distribution to the lenderReviews projects assigned to staff to ensure compliance, reporting accuracy and timeliness such as the debt reporting and the FF&E Draw submissionServes as liaison with property operators and establishes meeting cadence to discuss important and timely topicsEnsures all hospitality property invoices paid at the corporate level are processed and paid timelyEnforces proper accounting methods, policies and principlesProvides recommendations to improve systems and procedures and initiate corrective actionsEnsures direct reports are handling processes in a like and efficient mannerConstructs reliable cash models to project an asset's future performanceEstablishes and maintains fiscal files and records to document transactionsAssists in the preparation and review results of annual audit findingsAssists with developing and documenting business processes and accounting policies to maintain and strengthen internal controlsInteracts with internal staff, (such as Insurance, Tax and Treasury) and external service providers to complete assigned responsibilitiesIncorporates anticipated demand, driven by company initiatives and business conditions to ensure required capacity and skills will be available in the futureAssesses and reacts to changing business conditions, in terms of their impact the organization they leadEnsures team's processes and procedures support the department's goals according to guidelines and policiesPartners with senior managers to identify and drive external relationships with the team's key contacts and stakeholders including third party accounting departments and third-party operators accounting teamsAssists other PC's during Project initiatives on an as-needed basisRequired:Bachelor's Degree with a major in Finance, Accounting or closely related field7+ years of experience in cost accounting, financial analysis and general accounting5+ years managing accounting for a hospitality company2+ years of experience managing direct reportsPreferred:Master's DegreeCPA certification