Highgate Hotels

  • Corporate Controller - Ownership

    Requisition ID
    2018-5361
    Category
    Accounting/Finance
    Job Location
    US-TX-Irving
    Property
    Highgate Corporate Office TX
  • Highgate Hotels

    Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in U.S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu. Highgate also has an expanding presence in key European markets through properties in London, Paris, Barcelona, Vienna and Prague. Highgate’s portfolio of global properties represents an aggregate asset value exceeding $10B and generates over $2B in cumulative revenues. The company provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition.  Highgate also has the creativity and bandwidth to develop bespoke hotel brands and utilizes industry leading proprietary revenue management tools that identify and predict evolving market dynamics to drive out performance and maximize asset value. With an executive team consisting of some of the industry’s most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in London, New York, Dallas, and Seattle.

    Location

    Corporate Highgate Irving

    Employment Status

    Full-Time

    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. Hotel experience is a plus, but corporate level financial reporting experience is a must.
    • 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 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.
    • Ability to travel and work overtime as necessary to

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