Financial Controller (Hotel and Real Estate)

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POST DATE 9/15/2016
END DATE 10/9/2016

Boston Hotel Buckminster Boston, MA

Boston, MA
AJE Ref #
Job Classification
Full Time
Job Type
Company Ref #
Entry Level (0 - 2 years)


Position Summary The Financial Controller is responsible for coordinating, administering and controlling hotel and real estate financial operations. This includes managing and overseeing all internal accounting activities relating to the firm, its growing portfolio of wholly-owned and joint venture real estate assets. This role will also manage the Accounting team. Essential Duties and Responsibilities Hotel: Oversee all of the functions of the Accounting Department at the Hotel, including but not limited to, accounting, financial reporting, fixed assets, cash management, internal auditing functions, as directed Provide tax, insurance and other reports required by governmental regulations Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, capital improvement budgets or reports as required Ensure that monthly financial statements are generated accurately and distributed to appropriate individuals in a timely manner Oversee the development of financial accounting systems required to maintain reporting requirement Perform a variety of accounting tasks related to the maintenance/processing of receivable account records/invoices for the Companys various clients Ensure processing of hotel invoices to accounts payable and that all balance sheet accounts, including bank reconciliations, are properly reconciled on a timely basis Check the Guest Ledger on a regular basis to ensure accounts are properly closed out and processed for payment Establish and continually audit all internal financial controls and procedures including purchasing, cash handling, disbursements, inventories, hotel assets, master keys, payroll, records retention, and employee records Ensure security and confidentiality of all hotel information Perform other related duties as assigned Real Estate: Oversee day to day accounting activities, including but not limited to financial reporting, receivables, and payables, year-end audits and tax returns for all operating companies and ownership entities excluding Maintain bank account information and relationships Reconcile all bank accounts monthly for all entities including hotels Monitor and ensure that financial preparation and reporting is timely, accurate and GAAP compliant Provide status of financial condition by collecting, interpreting, and reporting financial data utilizing Skyline accounting and property management software as needed Provide timely information and reports to leadership, outside accounting firms, lenders, investors and others as required Manage Skyline accounting and property management database (add properties, set up bank accounts, assign properties to staff, create GL mappings for charge codes, etc.) Work with ownership to maintain all required short and long term operating, capital and cash flow forecasts by property Manage intercompany funding and transfers as required. Employ best cash management practices Provide the firms external accountants with all required data to prepare tax returns and audited financial statements Use managerial skills and financial knowledge to enhance the overall efficiency and effectiveness of company systems, processes and procedures Promote high levels of accounting team performance by setting clear objectives and standards. Review tenant billings of CAM and taxes Protect assets by establishing, monitoring, and enforcing internal controls Work with senior management team to prepare and monitor annual budgets by property Perform other related duties as assigned