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Assistant Regional Director of Finance - Transitio
Job Opportunity at
Merritt Hospitality, LLC
Posted on Jan 12
# of Openings
: Regular Full-Time
The Regional Finance Lead - Transitions is responsible for setting up the accounting and financial processes for newly acquired HEI assets. This includes managing the proration process to limit true-ups, rolling out HEI SOPs, coordinating the opening of new bank accounts and Merchant IDs with Treasury, and oversee the true-up process per the Purchase & Sale Agreement of the asset owner. The Regional Finance Lead - Transitions will also review the financials and balance sheet reconciliation of their assigned asset.
Sets up the financial books and records of new HEI assets including the balance sheet and historical mapping.
Manages the takeover process from a financial aspect including pro-rations, true-ups, and treasury setup.
Reviews monthly financials for accuracy and review balance sheet for completion and risk management.
Participates in owner and asset manager meetings as applicable.
Ensures large financial risk items are accounted for (i.e. real estate taxes, sales/use taxes, cash account reconciliations, etc.).
Trains property level staff on HEI systems, policies, and procedures.
Understands property cash flow and validates plan with ownership is in place in event cash levels drop below working capital levels.
Performs other related duties as assigned.
Bachelor's Degree in Accounting, Finance or related field required.
A minimum of 8 years' experience in Finance, Accounting or related field.
Sound experience working within the hotel or service industry preferably in a multi-unit capacity.
Previous hotel regional and Director of Finance experience recommended.
Experience with Asset Manager Interaction.
Knowledge of hotel month-end, budgeting, forecasting, and financial preparation process.
Possess the interpersonal skills to interact at the highest level with hotel operators and owners.
Strong influencing, leadership skills, inter-personal and communication skills
Excellent analytical and leadership skills.
Strong problem solving skills, including ability to effectively address any issue in collaboration with others as appropriate; ability to proactively identify and prevent potential problems; ability to help develop problem solving skills among direct reports and other team members as appropriate.
Ability to take initiative to identify, prioritize and implement all elements required for team to fulfil responsibilities in accordance with core strategic goal.
Travel is required at least 85% of the time
HEI Hotels and Resorts is committed to providing a comprehensive benefit program that offers you choices for your physical, mental and financial wellness, creating value in your most important investment - you!
For your physical and mental wellness we offer competitive Medical, Dental and Vision insurance programs geared to you and your family's needs as well as Vacation/Sick/Holiday benefits. For your financial wellness, HEI provides a wide array of coverage, including Supplemental, Spousal and Child Life insurance as well as Short and Long-Term Disability plans. Our 401(k) Savings Plan with matching funds, and discounts through our 'YouDecide' and Hotel Room Discount programs provide additional incentives for choosing HEI as the employer of your future.
HEI Hotels and Resorts is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics.
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