drjobs Senior Director of JV Investment Accounting

Senior Director of JV Investment Accounting

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1 Vacancy
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Job Location drjobs

Philadelphia, PA - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Overview

Opportunity: Senior Director of JV Investment Accounting

Manage and guide accounting processes for properties within the HHM Hotels joint venture portfolio with the main objective of preparing timely and accurate financial statements in accordance with generally accepted accounting principles (GAAP) and established standards. Prepare and review timely and accurate financial statements budgets and forecasts and ensure compliance with tax regulations as applicable.

Your Growth Path

Vice President of Finance/Controller - Senior Vice President of Finance

Your Focus

  • Prepare accurate and timely financial statements for joint venture entities including analytical reviews ensuring compliance with GAAP.
  • Oversee the accounting and reporting associated with joint ventures and related consolidations. Knowledge of equity accounting is essential.
  • Monthly review of joint venture financial statements including oversight and validation of accounting and reconciliations of property-level accounts. Ensure proper consolidation for owner and lender reporting. Work closely with Regional Directors of Accounting Controllers and the Senior Vice President of Finance to ensure effective coordination of activities between Accounting and Operations.
  • Ensure compliance of the joint venture structures and transactions with relevant tax requirements for REITs (Real Estate Investment Trust).
  • Ensure proper purchase accounting for new joint ventures as required.
  • Assist in preparation and review of cash flow forecasts projections and cash requirements to meet operations and debt service requirements.
  • Calculate manage and report debt covenants to applicable lenders as required per loan documents.
  • Support preparation and review of corporate five year forecasts
  • Assist with hotel transitions in and out of the portfolio ensuring all accounting workstreams are updated.
  • Assist with both internal and external audits to ensure complete timely and accurate responses to information requests.
  • Ensure compliance and satisfaction of all government company franchise and ownership requirements throughout job performance.
  • Interview select train schedule coach and support associates ensuring they perform in accordance with established brand or hotel standards and consistent with HHM core values.
  • Perform other job-related duties as requested by management.

Your Background and Skills

  • Bachelors degree in accounting or finance required.
  • Active CPA license is required
  • Seven to ten years of experience in accounting including supervisory experience
  • Previous cash flow forecasting experience required.
  • Prior hotel experience is preferred but not required.

HHM Benefits and Perks

  • Medical Dental and Vision Health Insurance
  • Paid Time Off
  • 401k Company Match
  • Free Basic Life Insurance
  • Travel Discounts
  • Commuter Transit and Commuter Parking Benefits
  • Employee Assistance and Wellness Program
  • Educational/Professional Development
  • Technology Reimbursements

Work Environment and Context

  • Requires sitting for extended periods use of hands and fingers to operate computers and keyboards.
  • Occasional travel is necessary.

What We Believe

People Are Our Capability Hearts That Serve Only Excellence Stay Nimble - Own It

About Us

HHM Hotels is proud to be an equal-opportunity employer. We do not discriminate on the basis of race color gender gender identity sexual orientation marital status pregnancy national origin ancestry age religion disability veteran status genetic information citizenship status or any other group protected by law.


Required Experience:

Exec

Employment Type

Full-Time

Company Industry

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