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Director of Hotel & Restaurant Accounting

Company: Sage Hospitality Headquarters
Location: Denver
Posted on: April 11, 2021

Job Description:

Why us?

Sage Hospitality Group is set to hire a Corporate Director of Accounting.

As part of Sage Hospitality Group, we passionately strive to be the best and create excellence in everything we do. We believe in enriching lives one experience at a time. More than a slogan, we empower our employees to make positive impacts on the communities in which we live and work. By providing genuine service we build relationships with our guests and value for our shareholders, and we create unforgettable experiences.

We are looking for independent thinkers. Those who harness their entrepreneurial spirit so that it breaks preconceived notions. We're not afraid to forge our own path. After all, it's what industry leaders do. That's why we welcome risk takers and creative spirits alike. No matter your daily role, Sage recognizes that your success is about more than the work you do-it's really about who you are, which is why we invest in your personal and professional growth. We hope you consider joining us!

Job Overview

This position directs the finance and accounting support activities for all of Sage's hotels in the shared service/centralized accounting environment. The position will be responsible for directing efforts of the team in implementation of standard operating procedures and processes for the shared service accounting functions, ensure accuracy and timeliness of reporting.This position will work directly with the Sage Operations Finance team in efforts to provide excellence in service to both owner partners and Sage Hospitality Group.

Responsibilities

Monthly Financial Reporting:


-The position is responsible for producing and ensuring that financial results are reported accurately in accordance with GAAP and with Sage accounting policies.
-This person must have a good working knowledge of the contractual requirements related to their properties and how the terms of the agreements apply to the transactions.
-This person is responsible for determining and prescribing accounting treatment on more routine transactions and will recommend accounting treatment for more complex transactions.
-This position will identify problems/issues with the financial statements and work closely with hotels, owners, and other internal departments to resolve these problems and issues in a timely manner.
-This position will review sales/use tax filings and payments, as well as real estate and personal property tax filings and payments.
-The position will review balance sheet and bank reconciliations, and if applicable research and correct any erroneous items.
Accounting Standard Compliance/Asset Management:

-This position will ensure standard accounting procedures are implemented and complied with for all properties in the shared service environment. These include compliance with standards in the areas related to financial statement preparation, including bank and balance sheet reconciliations, fixed expense reporting, sales tax preparation, accounts payables and cash management.
-This position will help look for opportunities for efficiencies in systems and processes as more properties move into shared services.
-This position could serve as a primary and/or secondary contact for the owners on all financial issues related to hotels.
-This person should have a good working knowledge of the financial impact of all contracts associated with the assigned hotels.
-These contracts could include management agreements, franchise agreements, and debt agreements.
-This position will be responsible for ensuring that Sage is in compliance with the terms of the applicable agreements, that risks associated with the contracts are assessed and minimized, and decisions are evaluated against these contracts.
-Consistent with the terms of the pertinent legal agreements, this position will determine the cash position based on historical operating results as well as forecasts. This position will recommend to their supervisor whether or not to do a cash call or cash distributions and the status of incentive fees the manager is eligible for, based on this analysis.
-This position may be involved with the VP for support on external conducted on the assigned properties.
-This may involve preparing audit schedules and ensuring all audit reports are correct and complete.
-This position will supervise/assist with all third-party accounting audits.

Budgeting/Forecasting:

-This position will assist the VP in all budget and forecast issues related to their assigned hotels.
-When the budgets/forecasts are preliminarily completed by the hotels/SVPs, this position will assist the VP in reviewing the budgets/forecasts as needed.
-This position will manage cash, cash forecasts, draw requests.
Decision Making Responsibilities:

-This position will perform routine responsibilities with no supervision or review.
-For non-routine decisions, this position should make recommendations to their supervisor and then execute the appropriate action.

Keywords: Sage Hospitality Headquarters, Denver , Director of Hotel & Restaurant Accounting, Executive , Denver, Colorado

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