Director of Hotel & Restaurant Accounting
Company: Sage Hospitality Headquarters
Location: Denver
Posted on: April 11, 2021
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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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