Job Description
Job Description
SUMMARY DESCRIPTION
The Corporate Controller is responsible for providing ethical and consistent leadership, managing all financial aspects of a multi-property hotel and restaurant organization. The Controller is also responsible for focusing on the profitability of the business, maintaining accurate and timely financial reporting, ensuring acceptable levels of internal controls, ensuring compliance with all federal, state, and local regulations, and safeguarding owners/investors’ assets. This role ensures the integrity of financial reporting, adherence to accounting standards both GAAP and USALI, compliance with regulatory requirements, and the development and implementation of internal controls. The Corporate Controller also supports strategic decision-making through financial planning, budgeting, and forecasting while working with outside accountants.
ESSENTIAL DUTIES
- Oversee preparation of monthly, quarterly, and annual financial statements in accordance with GAAP, USALI (Uniform System of Accounts for the Lodging Industry), and company policies.
- Ensure timely and accurate consolidation of financial data from multiple properties.
- Lead the preparation for external audits and coordinate with auditors and regulatory agencies.
- Maintain compliance with federal, state, and local legal requirements by staying current on financial regulations and advising management accordingly.
- Effectively manage and communicate cash flow related issues, as required to management and ownership.
- Coordinate the completion of all forecasts and budgets as required, with the full and active participation of EC Team and department managers for multiple entities.
- Analyze financial data and operations to assist and advise management in maintaining the hotels’ and F&B financial objectives.
- Ensure that all balance sheet accounts are reconciled on a timely basis.
- Establish and continually audit all internal financial controls including purchasing, cash handling, disbursements, credit extension, inventories, assets, master keys, payroll, and records.
- Direct and/or prepare all financial reports in accordance with the company’s requirements meeting various due dates and deadlines.
- Ensure applicable tax reporting is prepared and filed on behalf of the entities.
RESPONSIBILITIES AND AUTHORITIES:
- Responsible for evaluating the financial impact on business decisions.
- Ensures that all levels of management are promptly notified of any financial deviations from established policies and/or control weaknesses in the hotel.
- Monitor revenues and expenses of multiple entities and ensure the accurate recording in accordance with the established guidelines. Investigate and critique variances to budget or to prior year.
- Monitor the capital planning process by assisting management with calculation of return on capital improvements, gathering support and monitoring the bid process, and evaluating scope of work and specifications.
- Ensure all compliance on all regulatory licenses and permits, leases, contracts, legal agreements, and the proper execution of all operational taxes.
- Continually focus on training and development programs for finance associates to cultivate the “brightest” and “best” talent within the industry.
REQUIREMENTS:
· Enthusiastic, highly motivated and guest driven
· Excellent interpersonal and communication experience, both verbal & written
- Flexible and able to work various shifts, ability to work in high pressure situations
- Must have Hotel and Restaurant Finance Experience
Education: A minimum of 8 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 4 years of related progressive experience; or a 2-year college degree and a minimum of 6 years of related progressive experience.
Knowledge: Must be effective in handling problems in the workplace, including anticipating, preventing, identifying and solving problems as necessary.
Must have the ability to assimilate complex information, data, etc., from disparate sources and consider, adjust or modify to meet the constraints of the particular need.
Must be effective at listening to, understanding, and clarifying concerns and issues.
Must be able to work with and understand financial information and data, and basic arithmetic functions.
Must be able to prioritize in order to meet due dates and deadlines.